A Global Mindset Requires Managers to Think Globally but

question 33

Multiple Choice

A global mindset requires managers to think globally but

• A)act locally.
• B)have emotional intelligence.
• C)understand national cultures.
• D)need accomplished negotiation skills.

Recognize the public policy basis for competition restrictions in contractual agreements.

Understand the enforceability and legal considerations around noncompetition clauses.

Comprehend the role and scope of exculpatory clauses within contracts.

Gain insight into what constitutes agreement violations based on legislative and court-made rules, including threats to public policy.

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Definitions:

AASB 2

The Australian Accounting Standards Board standard that specifies the financial reporting requirements for entities dealing with share-based payment transactions.

Incremental Fair Value

The additional value that is estimated to arise from a particular transaction or event over the current fair value of an asset or liability.

Share-based Payment

A way companies compensate employees or purchase goods and services by issuing shares of the company or options to buy shares, instead of cash.

Settlement Choice

The option provided to parties in a financial instrument or contract to settle obligations either through cash payments or by other means.