Dependencia Theory Holds That ________

question 61

Multiple Choice

Dependencia theory holds that ________.

• A)countries should seek to diversify their economies
• B)low-income countries have practically no power in dealings with MNEs
• C)in a globalized world, no nation can be independent economically or politically
• D)there is a natural division of labor whereby developing countries depend on production using fairly unskilled labor and developed countries depend on highly educated workers

Understand the importance of global organizational learning and cultural awareness in managing international businesses.

Recognize the role and impact of multinational corporations in the global economy.

Distinguish between different forms of international business transactions like exporting, importing, licensing, franchising, and direct investments.

Comprehend the economic implications of international trade on exporting and importing countries.

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Definitions:

Gray Matter

The region of the brain and spinal cord that is rich in nerve cell bodies and is darker than the surrounding white matter due to its higher neuronal density.

Cerebrum

The largest part of the brain, responsible for voluntary activities, sensation, thought, reasoning, and memory.

Cortex

The outer layer of the cerebrum in the brain, involved in higher brain functions such as thought and action.

Pineal Body

A small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep patterns.