In Addition to the Four Basic Dimensions of Porter's "Diamond

question 1

Multiple Choice

In addition to the four basic dimensions of Porter's "diamond" model, ____ may also contribute to the success or failure of firms.

• A) national work ethic
• B) educational requirements
• C) government policy
• D) national pride

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Definitions:

Federal Insurance Contributions Act

A U.S. law that mandates the collection of Social Security and Medicare taxes from employees' paychecks and employers.

Employer Requirement

The obligations and duties that an employer must fulfill towards their employees, including wages, benefits, and working conditions.

Withholding Taxes

Taxes that employers deduct from employees' wages and pay directly to the government as a part of income tax obligations.

Net Pay

The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.