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Which One of the Following Statements Is INCORRECT

question 59

Multiple Choice

Which one of the following statements is INCORRECT?


Definitions:

Global Business

Business activities that cross national borders, involving transactions of goods, services, or resources between parties in different countries.

Labour Costs

The total sum of all financial remunerations and benefits given to employees in exchange for their work.

Global Firms

Businesses that operate and have market presence in multiple countries around the world.

General Environment

The economic, legal-political, socio-cultural, technological, and natural environment conditions in which an organization operates.

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