Maxcare, an Insurance Firm Based in California Had Difficulties Expanding

question 53

Multiple Choice

Maxcare, an insurance firm based in California had difficulties expanding their operations to Asian markets, as most of their target countries had strict regulations on transferring the details of the customers among the different branches of the firm. The company had to obtain an approval from its customers before sharing their personal information with their branches in other countries. Which of the following barriers is affecting the services of the insurance firm in the above scenario?

• A) Protectionism.
• B) Controls on transborder data flows.
• C) Protection of intellectual property.
• D) Cultural requirements for adaptation.
• E) Language translation barriers.

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Definitions:

Individual Abilities

The natural talents or developed skills possessed by an individual that enable performance in certain activities or tasks.

Female-Owned

Referring to businesses or enterprises that are owned and operated by women.

Glass Ceiling

An invisible barrier that prevents certain groups of people, particularly women and minorities, from advancing beyond a certain level in a hierarchy.

Qualified Women

Women who possess the necessary skills, education, and experience required for specific jobs or positions.