Knowledge of International Business and the Capacity to Understand How

question 58

Multiple Choice

Knowledge of international business and the capacity to understand how business works on a global scale is referred to as _____.

• A)social capital
• B)westernisation
• C)intellectual capital
• D)psychological capital
• E)global mind-set

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Definitions:

Pay to Performance

A compensation strategy where an employee's pay is based directly on their performance outcomes or achievements.

R&D

Stands for research and development; the activities companies undertake to innovate and introduce new products or services.

Functional Division

A structure within an organization where departments are divided based on specific functions or roles, such as marketing or finance.

Economies of Scale

Economic gains that organizations derive from their magnitude of operations, with the expense per produced unit usually diminishing as the operational scale grows.