Globalization of Resource Markets Has Resulted in the Business Practice

question 198

Multiple Choice

Globalization of resource markets has resulted in the business practice of offshoring, which involves

• A)only an outflow of jobs away from the U.S.
• B)no possible expansion of jobs in the U.S.
• C)huge losses to consumers in the U.S.
• D)both an outflow as well as an inflow of jobs in the U.S.

---

Definitions:

Risk Propensity

Risk propensity is the degree to which an individual is willing to take risks, influencing decision-making processes in personal and professional contexts.

Problem Framing

The way in which a problem or situation is conceptualized or presented, which can influence one's perception and solution approach.

Probability Of Loss

The likelihood that an investment will decrease in value.

Limited Search

A decision-making process where the search for alternatives is restricted by constraints like time and information.