Answer:
true
Explanation:
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Advances in information processing and communication are two ways and Transportation has made the globalization of markets a reality.
<u>Explanation:</u>
The technological change in the world has resulted in Globalization. Globalization made the world shrink based on the three factors.
Information processing advancement, communication, and transportation. Actually, information processing technologies these days are too faster. That, in turn, resulted in instantaneous and enhanced communication.
Also, transportation plays another major role in Globalization which is achieved by air and sea transportation. The improved sea and air transportation have accelerated the flow of goods and people throughout the world.
These factors connected the world in every term such as culture, economy, trading, employment, etc.
Answer:
B.
Explanation:
Culture can be viewed as the collective memory of a society (shared meanings, rituals, norms and traditions among members).
Consumption choices cannot be understood without considering the cultural context in which they are made.
Culture forms the prism through which people view products and try to make sense of their own and other people’s behaviour. Importance of culture in consumer behaviour.
A cultural system consists of three functional areas.
*Ecology – the way the system is adapted to its habitat by the technology used to obtain and distribute resources.
*Social structure – they way orderly social life is maintained including domestic and political groups.
*Ideology – the mental characteristics of the people and the way they relate to their environment.
<span>A product used in this way is known as a Benchmark Item.
Benchmark item refers to the type of product that is used as a standard when we want to compare it another similar product.
By seeing the price of Burger in this particular situation, Jason could predict the price of other product that being sold in that place.</span>
Answer:
$42,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Insurance expense of $210,000
Tax rate of 20%
( $210,000 × .20 )
=$42,000
Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000