All of the Following Events and Trends Are Among the Four

question 33

Multiple Choice

All of the following events and trends are among the four major trends described in the chapter as having a major impact or effect on global business EXCEPT:

• A)the trend toward the acceptance of the free market system among developing countries in Latin America,Asia,and Eastern Europe.
• B)the rapid growth of the World Trade Organization and regional free trade areas such as NAFTA and the European Union.
• C)the burgeoning impact of the Internet and other global media on the dissolution of national borders.
• D)the trend toward decreasing OPEC profits as oil reserves decline in the 21^st century.
• E)the mandate to properly manage the resources and global environment for the generations to come.

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Definitions:

Economic Underdevelopment

A condition characterized by low industrialization, poor infrastructure, and a low standard of living within a country or region.

Western Attributes

Characteristics or qualities that are typically associated with Western societies, such as individualism, democracy, consumerism, and technological advancement.

Independence

The state of being free from external control or influence, self-governance, or autonomy.

International Agreements

Treaties or accords reached between countries, typically involving cooperation on mutual interests or common goals.