In Addition to Understanding the Laws Affecting Business in Countries

question 62

Multiple Choice

In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand the ________.

• A)methods for appointing local judges
• B)ethical rationale behind the laws
• C)history of the local legal system
• D)degree of law enforcement

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Definitions:

Income Disparity

The difference in earnings between individuals, groups, or populations, often highlighting inequality.

Income Gap

A gap in income between one group and another, such as discrepancies in income between older and younger employees performing that same job.

Systemic Ageism

Discrimination or prejudice against individuals based on age, entrenched and normalized within societal systems and institutions.

Ephebophobic

Having an irrational fear of youths or a dislike of young people.