What are the benefits of globalization?
What will be an ideal response?
ANSWER: Traditional economic theory says that globalization relies on competition to drive down prices and increase product and service quality. Business goes to the countries that operate most efficiently and/or have the technology to produce what is needed. In summary, globalization expands economic freedom, spurs competition, and raises the productivity and living standards of people in countries that open themselves to the global marketplace. For less developed countries, globalization also offers access to foreign capital, global export markets, and advanced technology while breaking the monopoly of inefficient and protected domestic producers. In developing countries around the world, globalization has created a vibrant middle class that has elevated the standard of living for hundreds of millions of people.
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Earnings that are high quality would
a. be informative about current performance and provide information about the long-run sustainability of profits. b. be informative about past performance and provide information about the long-run sustainability of profits. c. be informative about current performance and provide information about the long-run sustainability of assets. d. be informative about past performance and provide information about the long-run sustainability of assets and liabilities.
Quinton sells irrigation equipment to farmers. He tells a prospect, "Did you see how well your neighbor Bill Emerson's crops did last year in spite of the drought? He is one of my long-time customers." What kind of suggestive selling is Quinton using?
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Denny’s was selected for the 2006 and 2007 Black Enterprise 40 Best Companies for Diversity. 2. Since the changes were made after Denny’s legal trouble, no lawsuits have been filed against the company. 3. An emerging construct in the business literature is that of corporate social distance. 4. The terms corporate social performance and corporate social responsibility each expand a company’s responsibilities beyond its traditional economic shareholders to that of multiple stakeholders. 5. Corporate social performance and corporate social responsibility include only corporate-community collaborations referred to in level II of the inclusive workplace.
Creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category
a. True b. False Indicate whether the statement is true or false