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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 ________.


Definitions:

Debt Securities

Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.

Model Business Corporation Act

A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.

Shares

Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.

Benefit

An advantage, profit, or gain received or enjoyed by an individual or entity, often as a result of a contract, employment, or other agreement.

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