Globalization is
A) the creation of international computer networks.
B) the process of creating a worldwide network of businesses and markets.
C) the adoption of global Internet standards.
D) the adoption of English as the language of business.
E) the way that stock exchanges stay open 24 hours a day.

Question

Quizplus · Accepted Answer

Globalization refers to the process of integrating economies and societies around the world, creating a worldwide network of businesses and markets. While advancements in technology, such as international computer networks and global Internet standards, have facilitated globalization, they are not the defining characteristic of it. Similarly, the adoption of English as a language of business is a common feature of globalization, but it is not the sole factor. The fact that stock exchanges can stay open 24 hours a day is a result of globalization, but it is not a comprehensive definition of the phenomenon. Therefore, option B is the best choice.

Globalization Is