Refer to the Information Provided in Figure 20

question 78

Multiple Choice

Refer to the information provided in Figure 20.5 below to answer the question(s) that follow. Figure 20.5
-Refer to Figure 20.5. The domestic price of oil is $130 per barrel. This country imports 14 million barrels if the world price of oil is

• A) $120.
• B) $125.
• C) $135.
• D) $140.

Describe the impact of ethnocentrism and cross-cultural communication.

Explain the concept of communication flow in organizations, including its directions, benefits, and disadvantages.

Understand the significance of active listening in effective communication.

Understand the components and calculation of return on investment.

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Definitions:

Promisor

The person or party in a contract who has made a promise to perform or deliver something to the other party.

Consideration

The value (such as money, a service, or a promise) that is exchanged between parties in a contract.

Unilateral Contract

A promise exchanged for an act.

Nominal Consideration

A token amount in a contract to indicate that a deal has been agreed upon, even if the sum is not reflective of the contract's true value.