A USExecutive Had No Idea the Germans Tend to Be Very

question 74

Multiple Choice

A U.S.executive had no idea the Germans tend to be very risk-averse.When he arrived at a meeting in Berlin,he simply stressed the price of his firm's products without emphasizing their bottom-line benefits,promoting the company's strong service support,or guaranteeing their effectiveness.As a result,the multimillion dollar deal failed.The U.S.executive overlooked the importance of which environmental factor?

• A) Culture
• B) Demographics
• C) Natural resources
• D) Economic development
• E) Political structure

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Definitions:

Business Judgment Rule

A principle that protects corporate directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.

Takeover Attempt

An effort by one company or entity to acquire control over another, often involving the purchase of a significant share of the target company's stock.

Liquidation Process

The process of closing a business, selling its assets, and using the proceeds to pay off its debts, with any remaining funds distributed among shareholders.

Corporate Assets

resources owned by a corporation that have economic value and can be used to meet its financial obligations.