World Trade Has Both Benefits and Costs

question 166

Multiple Choice

World trade has both benefits and costs. Which of the following statements attests to this fact?

• A) The U.S. economy and all businesses that participate in this economy were negatively impacted by the wars in Iraq and Afghanistan.
• B) The standard of living for citizens in developing nations has significantly decreased due to globalization.
• C) Economists are convinced that global job creation will never occur if our politicians support world trade.
• D) Large companies and small companies agree that the green movement is a global issue. Firms are embracing opportunities to bring value to consumers by creating green products and services.

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Definitions:

Consult Program

A structured plan which provides expert advice and guidance in specific areas or functions of an organization.

Vroom-Jago Leadership Model

A decision-making model that helps leaders determine how much involvement their teams and followers should have in the decision-making process.

Core Leadership Styles

The fundamental approaches to leadership, typically including styles such as transformational, transactional, and laissez-faire.

Situational Leadership

A leadership theory proposing that the most effective leaders adjust their leadership style according to the situation and the maturity of the individuals they are leading.