If No Time or Event Is Specified Explaining When the Agency

question 28

Multiple Choice

If no time or event is specified explaining when the agency relationship will end, the agency:

• A) will continue indefinitely.
• B) will continue for the statutory maximum of 10 years.
• C) automatically ends when the result for which the agency was created has been accomplished.
• D) automatically ends after a period of 70 days even if the result for which the agency was created has not been accomplished.

Recognize the importance of expatriate training for global competence and the types of training effective in this context.

Differentiate between parent-country nationals and subsidiary-country nationals in the context of international business.

Understand the strategies organizations adopt, such as global, multidomestic, and multinational, in entering and operating in foreign markets.

Acknowledge the various challenges organizations face when entering new markets related to socioeconomic, political, and technological aspects.

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Definitions:

Solidarity Theory

A concept in social sciences that emphasizes unity and agreement among individuals or groups, supporting each other to achieve common goals.

Relative Deprivation Theory

A sociological theory that posits individuals or groups will feel deprived and likely to seek social change when they compare themselves to others who are better off.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression through industrial codes of fair practice and stimulating jobs creation.

Anti-Union Legislation

Laws aimed at limiting the power and activities of labor unions, affecting the rights of workers to organize.