Managing an International Business Is Different from Managing a Purely

question 77

Multiple Choice

Managing an international business is different from managing a purely domestic business for all of the following reasons except:

• A) countries are different
• B) international transactions involve converting money into different currencies
• C) the range of problems confronted by a manager in an international business are narrower than those confronted by a manager in a domestic business
• D) an international business must find ways to work within the limits imposed by government intervention in the international trade and investment system
• E) different languages have to be learned

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Definitions:

Commission

A fee or percentage of a transaction paid to an agent or employee for facilitating or completing a sale.

Accrued Interest

Interest that has accumulated but remains unpaid.

360-Day Year

A financial convention that simplifies interest calculation by assuming a year has 360 days.

Commission

A fee paid for services, usually a percentage of the total cost.