The 4 Categories of Managers Needs in the Global Business

question 34

Multiple Choice

The 4 categories of managers needs in the global business world are:

• A) Business, country, functional and government
• B) Business, country, ethical and corporate
• C) Business, country, functional and corporate
• D) Business, country, functional and personal

Differentiate between various types of organizations based on structure and purpose.

Recognize the characteristics and importance of emerging markets.

Understand the principles of free trade and its implications on global economic policies.

Analyze the role of technology in globalization and multinational operations.

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Definitions:

Status Quo

The existing state of affairs or current condition, typically used in context with agreements or legal situations.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.

Reasonable Value

An estimation of the fair or appropriate worth of goods, services, or property, taking into consideration factors such as market conditions and the necessity of the item.

Specific Performance

A legal remedy in which a court requires a party to fulfill the exact terms of a contract, rather than paying damages for breach.