Global Communication Challenges Include

question 22

Multiple Choice

Global communication challenges include

• A) variations in time, holidays, days in a workweek, and language.
• B) direct and indirect communication styles, belief that there is more than one right way, and shared meanings.
• C) lack of understanding of other cultures and placing a high value on mutual understanding.
• D) productivity and favorable relationships.

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Definitions:

Externality

An economic effect of a transaction that affects third parties who did not choose to be involved in the transaction.

Externality

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.

Market Exchange

The process through which goods, services, or assets are traded between buyers and sellers at a determined price.

Negative Externalities

Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.