Answer the following statements true (T) or false (F)
1. Increased globalization and financialization of world markets has created greater appreciation for country's unique differences and has allowed for greater preservation of unique social and political systems, cultures, standards, and ways of life.
2. Financialization is a phenomenon that can largely be explained by banking regulations, corporate governance rules, and private equity rules.
3. The phrase, "The world is flat," refers to the idea that information technology gives people from all corners of the world the opportunity and ability to compete in a global economy.
4. The cross-border flow of goods and services is called international trade.
5. One of the key benefits of international trade is that it allows consumers and producers to benefit by exploiting each country's comparative advantage.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
You might also like to view...
The inventory turnover ratio is a measure of how many times during a period a company sells off its inventory
a. True b. False Indicate whether the statement is true or false
Audit objectives for the database management system include all of the following except
a. verifying that the security group monitors and reports on fault tolerance violations b. confirming that backup procedures are adequate c. ensuring that authorized users access only those files they need to perform their duties d. verifying that unauthorized users cannot access data files
The payment of dividends would be classified as ____________________ activities in the statement of cash flows
Fill in the blank(s) with correct word
Examples of service businesses that would use job order costing would include all of the following except:
a. an accounting firm that has audit clients of various sizes and complexities. b. a "quick oil change" shop that offers only basic maintenance services. c. an automotive body repair shop specializing in collision repair. d. a high end salon offering hair, manicure and spa services.