All of the Following Present Challenges to Developing Global Business

question 33

Multiple Choice

All of the following present challenges to developing global business systems except:

• A)foreign accounting practices.
• B)production costs.
• C)language differences.
• D)exchange rates.
• E)shortages of skilled consultants.

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Definitions:

Consumer Surplus

The bifurcation between what a consumer wishes to pay for a service or good, and what ends up being spent.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price of the good.

Deadweight Loss

Deadweight loss refers to the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market distortion such as taxes or subsidies.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.