Managing an International Business Is Different from Managing a Purely

question 53

Multiple Choice

Managing an international business is different from managing a purely domestic business for which of the following reasons?

• A) Countries prefer to keep business transactions between domestic partners.
• B) The range of problems confronted are wider and more complex.
• C) International businesses have an added layer of U.N. regulations.
• D) International transactions involve exchanging currencies through each countries' treasury.

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Definitions:

Omission Bias

The inclination to perceive actions that cause harm as more negative or morally inferior compared to equally damaging failures to act (omissions).

Relationship

Relates to the way in which two or more people or things are connected, or the state of being connected.

Social Psychologists

Professionals who study how individuals think, feel, and behave in social contexts.

Decision

A decision is a conclusion or resolution reached after consideration, involving choices between different courses of action or inaction.