Which of the Following Statements Is NOT True About Risk

question 1

Multiple Choice

Which of the following statements is NOT true about risk as it affects companies' choice of locations for foreign operations?

• A)Companies and their managers differ in their perception of what is risky.
• B)One company's risk may be another company's opportunity.
• C)There are means to reduce risk other than avoiding locations.
• D)Companies choose the cheapest location regardless of risks.

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Definitions:

Tribalism

A social system or culture that prioritizes the welfare and loyalty to one's own tribe or social group above others.

Individualistic

Characterized by the priority or moral worth of the individual over the collective, stressing independence and self-reliance while advocating that individual interests take precedence over state or social interests.

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