Unlike the United States, the Change from One Regime to Another

question 43

Multiple Choice

Unlike the United States, the change from one regime to another in foreign countries can be less than peaceful. Differences in the ________ environment can lead to uncertainty and risk for global managers.

• A) economic
• B) cultural
• C) political/legal
• D) demographic

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Definitions:

Genuinely Agree

Indicates a sincere concordance or acceptance between parties without hidden disagreements.

Defense

Legal strategies and arguments presented to protect, justify, or exonerate a defendant in a legal proceeding.

Misrepresentation

An untrue assertion made by one party to another that influences the latter to enter into a contract.

Bilateral Mistake

A mistake that occurs when both parties to a contract are mistaken about the same material fact.