Pratt & Whitney Sells Aircraft Engines to Europe's Airbus Industries

question 38

Multiple Choice

Pratt & Whitney sells aircraft engines to Europe's Airbus Industries, which sells passenger airplanes to Japan Airlines, which flies businesspeople around the world. This is an example of:

• A)market dynamics.
• B)organizational clusters.
• C)global organizational markets.
• D)the circular flow of products.

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Definitions:

Define

means to clearly describe the nature, scope, or meaning of something.

Materiality

Materiality refers to the significance of information or facts that could influence decisions made by users, such as investors or shareholders; it is a key concept in accounting and auditing.

Misrepresentation

A false statement of fact made by one party to another party, which induces the latter party into a contract.

Concept

An abstract idea or a general notion that represents the fundamental characteristics of what it describes.