Which of the Following Examples Shows a Way of Overcoming

question 48

Multiple Choice

Which of the following examples shows a way of overcoming cross-cultural communication barriers?

• A) Pauline, a customer service executive handling international customers, often uses basic words and phrases of the customers' native languages.
• B) Richard, the business development head of a company, ensures that he uses straightforward language when talking to international clients.
• C) Maria, the leader of a culturally diverse team in an organization, often makes references to the ethnicity of the team members during team meetings.
• D) Dominic, an attorney often handling international mergers and acquisitions for various companies, gives a lot of importance to the style and appearance of his counterparts.

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Definitions:

Monopoly

A market structure characterized by a single seller dominating the market, often leading to higher prices and lower output than in competitive markets.

Deadweight Loss

A decrease in economic efficiency occurring when a good or service does not reach its free market equilibrium.

Economic Profits

The difference between total revenue and total economic costs (including both explicit and implicit costs), representing the additional income above the opportunity cost.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where the entry of new firms is hindered.