This activity examines the growth of international firms and international business, and addresses the key drivers that are leading firms to internationalize their operations. The size and number of international businesses have been increasing rapidly in recent years. It is useful to appreciate the extent to which businesses and markets have internationalized, as well as understand the driving forces underlying this internationalization. Match each general characteristic with the driver of globalization it is most associated with.
a. New entrants
b. The Internet
c. Saturated home market
d. Privatization of industry
e. Preferential trade agreements
f. Economies of scale

Driver of Globalization General Characteristics
Political
Technological
Market
Cost
Competitive

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.