the industrial world and traveled only slow ly‚ifat all‚ beyond it.Entire electorateswill learn things that once only a few bureaucrats knew. Small companieswill offerservicesthatpreviously onlygiantscould provide.In all theseways‚ thecom munications revolution is profoundlydemocratic and liberating‚levelingtheimbalancebetween large and small‚ richand poor." The global vision that FrancesCairncross predicted inherDeath ofDis tanceappears to be upon us.We seem to live in a world that is no longer
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Chapter 7 intermediate 1 points Save Remington Corporation had accounts receivable of $100‚000 at 1/1. The only transactions affecting accounts receivable were sales of $600‚000 and cash collections of $550‚000. The accounts receivable turnover is A. 4.0. B. 4.8. C. 4.4. D. 6.0. 1 points Save The percentage-of-receivables approach of estimating uncollectible accounts emphasizes matching over valuation of accounts receivable. True False 1 points
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Jonathon Martin Period 1 Chapter 8 Questions 1. Long-distance commerce acted as a motor of change in pre-modern world history by altering consumption and daily life. Essential food and useful tools such as salt were traded from the Sahara desert all the way to West Africa and salt was used as a food preserver. Some incenses essential to religious ceremonies were traded across the world because there was a huge demand for them. Trade diminished economic self-sufficiency by creating a reliance on
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In his article‚ “The World is Flat‚ After All”‚ Friedman discusses the progression of the world via Globalization. Starting from the initial age of Globalization between 1942 and 1800 when countries were globalizing for resources and imperial conquest‚ to the secondary age with the corporate revolution (1800-2000)‚ and finally‚ to today’s era of globalization that is not limited to where you live‚ what race you are‚ or how much money you have. Each stage of globalization brought about change by new
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The processing requirements for each product on each of the four machines are shown in the table. | Processing Time (min/unit) | Work Center | A | B | C | D | W | 6 | 1 | 3 | 12 | X | 9 | 10 | 4 | 8 | Y | 4 | 3 | 12 | 9 | Z | 10 | 0 | 7 | 11 | Work centers W‚ X‚ Y‚ and Z are available for 40 hours per week and have no setup time when switching between products. Market demand for each product is 80 units per week. In the questions that follow‚ the traditional method refers to maximizing
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claims in his book titled‚ ‘The World Is Flat: A Brief History of the Twenty-First Century ’(2005)‚ that globalization and technology has flattened the world to a ‘level playing field’. He analyses the ten ‘flatteners’ or events that happened over a period of around ten years to make the world go flat. The first flattener‚ that Friedman writes about‚ was the Fall of the Berlin Wall in 1989 and end of the Cold War‚ that brought forward the idea of a globalized world‚ where people from either side of
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The world does not have flat feet… Ah‚ a discussion I know something about on a personal level... 1. The advantage of ’knowing the business’ – was that Adida was successful in Europe before coming to the United States and then bought out popular shoe brands in the US to even the ‘playing field’ with Nike. 2. The group most harmed by the buyout was Adida itself in that they underestimated Nike - and their hopes of being Numero Uno did not materialize – even with their other athletic clothing
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GLOBAL BUSINESS STRATEGIES READING REPORT Savannah Benton The World Is Flat by Thomas L. Friedman. Pp. 533-579 April 21‚2015 I. Four noteworthy quotes or key insights from the assigned reading. 1. “I believe that capabilities create intentions. If we create an Internet where people can open an online store and have global suppliers‚ global customers‚ and global competitors‚ they will open that online store or bank or bookshop…The history of economic development teaches this over and over: If you
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day and age that we live in‚ technology is becoming an essential part of our daily lives. The twenty-first century‚ largely dubbed as the “Age of Technology” and also the “Era of Globalization‚” has brought on the feasibility of an interconnected world. Globalization is considered to be the unavoidable wave of the future. A few texts from Kwame Anthony Appiah‚ Marshall Poe‚ and Thomas L. Friedman further elaborate on a few important aspects of globalization. Technology‚ a major part of globalization
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beginning to throw in their boots and let robots do the dirty work” (Briggs). Technology in this world has grown over the past decades and we have become more and more reliant on our technology. Agribots and drones is the newest and latest thing in this world that could really boots our crop productivity. Thomas L. Friedman‚ author of The World is Flat‚ argues that‚ “As an individual‚ in a flat world is figuring out how to make yourself as an ‘untouchable’” (280). He then describes ‘untouchables’
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