A Global Mindset Requires Managers to Think Globally but

question 33

Multiple Choice

A global mindset requires managers to think globally but

• A)act locally.
• B)have emotional intelligence.
• C)understand national cultures.
• D)need accomplished negotiation skills.

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Definitions:

Oral Agreement

A contract that has been agreed to by speaking rather than in writing. Although legally binding, they are often harder to prove in court.

Winding Down

The process of gradually reducing operations or activities in a business, often in preparation for its closure.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when managing assets or financial matters.

Revised Uniform Limited Partnership Act

A standardized set of laws intended to govern limited partnerships across states, aiming to provide a consistent legal framework for their creation, operation, and dissolution.