Rewards That Come from Someone Else in Recognition of Good

question 284

Multiple Choice

Rewards that come from someone else in recognition of good work are ________ rewards.

• A) conditional
• B) self-actualized
• C) extrinsic
• D) secondary

Understand the concept and types of international business, including franchising, direct investment, and joint ventures.

Recognize the reasons why businesses expand into international markets.

Identify the various strategies for entering international markets, including importing, exporting, global sourcing, and licensing.

Appreciate the role of cultural awareness and global management skills in international business.

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Definitions:

Payback Period

The payback period is the time it takes for an investment to generate cash flows sufficient to recover its initial cost.

Net Present Value

A calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time, used to assess the profitability of an investment.

Payback Period Method

A simple calculation that divides the initial investment by the annual cash inflows to determine how long it will take to recoup the initial investment.

Capital Budgeting

The process of planning and managing a firm's long-term investments in projects and assets.