Which of the Following Statements Is True of Globalization

question 16

Multiple Choice

Which of the following statements is true of globalization?

• A)Global business involves a single government and a single legal system.
• B)Globalization gives less importance to changes in the minds of employees.
• C)Globalization is an internal force for change in organizations.
• D)Globalizing an organization means rethinking the most efficient ways to use resources.

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Definitions:

Buyer/Lessee

An individual or entity that purchases or leases goods or property from another party under agreed-upon terms.

Common Law Rule

A principle or rule established in previous legal cases that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts.

Perfect Tender Rule

A legal principle that requires the delivery of goods to be exactly as specified in the contract without any deviations or defects.

Conforming Goods

Products that meet the specifications and standards outlined in a purchase contract.