What Type of Skill Is Needed to Understand Foreign Markets,cultural

question 26

Multiple Choice

What type of skill is needed to understand foreign markets,cultural differences,and motives of foreign rivals?

• A) Technology
• B) Strategic management
• C) Decision making
• D) Conceptual
• E) Global management

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Definitions:

External Users

Individuals or entities outside an organization who rely on its financial information for decision-making purposes, such as investors, creditors, and regulatory agencies.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them rights to dividends and a voice in corporate governance.

Corporation

A legal entity recognized by law, distinct from its owners, with rights to own property, sue or be sued.

Accounting System

A structured process used to collect, record, classify, summarize, and interpret financial information for decision making.