Which of the Following Is a Factor Responsible for Global

question 23

Multiple Choice

Which of the following is a factor responsible for global business successes?

• A) Standardization rather than customization of negotiation procedures across all cultures
• 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) Avoidance of the use of technology in all areas related to business negotiations

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Definitions:

Human Capital

Human Capital represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Motivate Employees

The process of inspiring employees to achieve their best performance by addressing their needs, offering incentives, and creating a supportive work environment.

Absent From Work

The state of not attending one's job or workplace due to various reasons such as illness, personal issues, or other commitments.

Human Capital

The combined abilities, expertise, or abstract assets of people that can generate economic benefit for the individuals, their employers, or their community.