National and Cultural Differences Manifest Themselves in Each of the Following

question 7

Multiple Choice

National and cultural differences manifest themselves in each of the following ways EXCEPT

• A) accounting conventions
• B) distribution
• C) human nature
• D) personnel management
• E) tax systems

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Definitions:

Exporting

The process of exporting products or services to a foreign country for the purpose of selling them.

Licensing

An agreement in which a company allows another entity to produce its product in exchange for a predetermined fee.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Franchising

A method of business expansion whereby a company (franchisor) licenses its trade name and operating methods to an individual or group (franchisee) in exchange for a franchise fee and ongoing royalties.