Due to the Risks Involved in International Business, Firms Should

question 63

Multiple Choice

Due to the risks involved in international business, firms should:

• A) only consider international business in major countries.
• B) maintain international business to no more than 20% of total business.
• C) maintain international business to no more than 35% of total business.
• D) None of these are correct.

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Definitions:

Democratic Style

A leadership approach that involves team members in the decision-making process, valuing their input and fostering a collaborative working environment.

Autocratic Style

A leadership style characterized by individual control over all decisions and little input from group members.

Collaboration

The action of working with someone to produce or create something, often leveraging collective expertise to achieve common goals.

Laissez-faire Leader

A leadership style characterized by a hands-off approach, where leaders provide minimal direction and allow team members to make decisions.