What Value Classification Refers to a Belief That the Best

question 93

Multiple Choice

What value classification refers to a belief that the best manager for a specific position could be in any of the countries in which the firm operates?

• A)polycentric
• B)ethnocentric
• C)geocentric
• D)monocentric

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Definitions:

Per-Unit Tariff

A specific tax levied on each unit of a good imported into a country, as opposed to a percentage of the value.

Imported Good

A product or service brought into one country from another country in a legitimate fashion, typically for use in trade.

Domestic Consumers

Domestic consumers refer to individuals and households within a country who purchase goods and services for personal use, contributing to the internal demand of the country's economy.

Net Welfare Loss

The loss in social welfare, usually due to inefficiencies in the market system or government intervention policies that lead to misallocation of resources.