Which of the Following Statements Is TRUE About Etiquette

question 13

Multiple Choice

Which of the following statements is TRUE about etiquette?

• A) The rules of etiquette are easily understood and memorized.
• B) Etiquette means meeting your commitments, such as staying on schedule and within budgets.
• C) Etiquette blunders can have serious financial costs through lower productivity and lost business opportunities.
• D) It is preferable not to ask questions regarding the etiquette of a culture, as people will tend to become offended by your curiosity.
• E) Travel guidebooks are a poor source of information about etiquette in other countries.

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Definitions:

Factor Endowments

Economic term for the amount and type of resources possessed by a country, such as land, labor, and capital, which contribute to its productive capacity.

World Trade

The exchange of goods, services, and capital between countries and territories across the globe, fostering economic integration and development.

Significant

Important or of consequence, often used to describe the extent to which something matters or impacts a given context.

Acquired Comparative Advantage

An economic concept where a country becomes more efficient at producing certain goods or services due to factors other than its natural endowments, such as technology or quality of education.