Ian, a Financial Manager, Is Preparing to Transfer to Germany

question 19

Multiple Choice

Ian, a financial manager, is preparing to transfer to Germany where he will serve as an expatriate manager of his employer's European office.Which type of legal system will Ian most likely have to deal with in Germany?

• A)mixed
• B)common
• C)civil
• D)theocratic

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Definitions:

Interest Rate

The amount of money paid for the use of borrowed funds.

Legal/Regulatory

Pertaining to laws, regulations, and legal standards that govern the operations, actions, and compliance requirements of individuals and organizations.

Generic Competitive Strategies

Frameworks proposed by Michael Porter that describe three potential strategies to achieve a sustainable competitive advantage: cost leadership, differentiation, and focus.

Competitive Advantage

A scenario or element that positions a business in a stronger or more favorable spot relative to its competitors.