Which of the Following Factors Is Responsible for Global Business

question 64

Multiple Choice

Which of the following factors is responsible for global business successes?

• A) Standardization of negotiation procedures
• B) Emergence of the English language as the chief medium of negotiations
• C) Increased homogenization of cultures across the world
• D) Large numbers of skillful international negotiators
• E) Increased use of technology in all areas related to business negotiations

---

Definitions:

First-level Management

The layer of management directly responsible for overseeing the performance of entry-level employees.

Peter Principle

A concept suggesting that people in a hierarchy tend to rise to their "level of incompetence," meaning they get promoted until they reach a position for which they are unfit.

Overpromotion Syndrome

The consequences faced by employees or products that have been promoted beyond their capabilities or capacities, leading to failure or underperformance.

Successful Leader

A successful leader is an individual who achieves desired results or objectives by effectively motivating, guiding, and managing a group of people or an organization.