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Define Ethnocentrism and Explain Its Effect on Global Business

question 69

Essay

Define ethnocentrism and explain its effect on global business.What can be done to overcome ethnocentrism?


Definitions:

Special Type Of Draft

A particular form of negotiable instrument, such as a check or bill of exchange, with specific conditions or purposes.

Electronic Fund Transfer

A digital transaction that moves funds from one account to another without the use of cash or paper checks.

Overdraft

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero, leading to a negative balance.

Dishonored Check

A check that a bank refuses to pay or clear, typically because there are insufficient funds in the account on which it is drawn.

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