Public Relations Professionals Must Explain the Benefits of Globalization to All

question 15

Multiple Choice

Public relations professionals must explain the benefits of globalization to all the following groups EXCEPT:

• A) companies.
• B) nongovernmental organizations (NGOs).
• C) international institutions (e.g., World Trade Organization).
• D) governments.
• E) all of the above.

---

Definitions:

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to extend, and how to collect payments.

Economic Order Quantity

A calculation used to determine the most cost-effective quantity of inventory to order, minimizing both ordering and holding costs.