In Terms of International Business, It Is Most Accurate to Say

question 10

Multiple Choice

In terms of international business, it is most accurate to say that ________.

• A)there is a universal "best way" to conduct business
• B)global competition affects large companies but not small ones
• C)most firms depend either on foreign markets and supplies or compete against companies that do
• D)government regulation of international business has little effect on a company's profits

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Definitions:

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Sales

The total amount received from selling goods or services over a given period.

Residual Income

The income that exceeds the minimum required return on an investment or business segment.

Residual Income

The amount of income that exceeds the minimum rate of return expected on a project or investment.