Managers Who Are Knowledgeable About ________ Are Better Able to Identify

question 75

Multiple Choice

Managers who are knowledgeable about ________ are better able to identify the location, quantity, quality, and availability of the world's natural resources.

• A)political factors
• B)geographic factors
• C)competitive factors
• D)cultural factors

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Definitions:

Transfer Payments

Financial payments made by the government to individuals without any expectation of goods or services being returned, such as welfare benefits.

Budget Deficit

The situation when a government's expenditures exceed its revenues within a specific budget period, leading to borrowing or use of saved reserves.

Interest Rate

The slice of a loan imposed as interest upon the borrower, usually articulated as an annual percentage of the loan still to be repaid.

Federal Income Tax

A tax imposed by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.