A Business in a Developing Nation That Has Operated Locally

question 92

Multiple Choice

A business in a developing nation that has operated locally for many years has recently grown to a level that it is now making international deals. What is to be expected of that business?

• A) change to adopt the commons standards of the three Abrahamic faiths
• B) mimic the operational standards of much bigger corporations
• C) remain true to its informal ways for doing business even in the international marketplace
• D) change to adopt international standards for business

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs resources and technology.

Economic Decline

A period where an economy experiences reduced economic activity, often marked by decreases in GDP, employment, and consumer spending.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all inputs are used efficiently.

Unemployment Rate

The share of the working group that is currently without a job and actively on the lookout for one.