Which of the Following Activities Does Not Constitute an International

question 4

Multiple Choice

Which of the following activities does not constitute an international business activity?

• A)A university educating fee-paying students normally resident abroad
• B)A hospital offering specialized medical treatment to customers from anywhere on the world
• C)A tour operator to offer foreign language guided tours advertised on the internet
• D)All of the above activities
• E)None of the above activities

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Definitions:

Contingent Liability

A future financial liability that could emerge based on the result of a particular event.

Financial Statements

Documents offering a summary of a firm's financial status, encompassing the balance sheet, income statement, and cash flow statement.

Probable Loss

An estimated financial loss from future events that are considered likely to occur based on current evidence or events.

Economic Sacrifice

A concept referring to the cost or loss associated with making a particular decision or taking an action.