Match the Term with Its Definition

question 3

Essay

Match the term with its definition.Some terms may not be used
a.Bill of lading
b.Born-global businesses
c.Counterfeit activity
d.Economic risk
e.Economies of scale
f.Exchange rate
g.Letter of credit
h.Offshoring
i.Political risk
j.Royalties
-The probability that a country's government will mismanage its economy in ways that hinder the performance of businesses operating there.

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Definitions:

Lab Experiment

A research method where variables are controlled and manipulated in a laboratory setting to observe their effects on other variables.

External Validity

The extent to which research findings can be generalized or applied to other settings, populations, or time periods outside of the original study conditions.

Independent Variable

A variable that is manipulated or changed in an experiment to determine its effects on a dependent variable.

Experimental Conditions

The controlled environment and variables under which an experiment is conducted to test hypotheses and observe outcomes.