Which of the Following Is True of Strategic Commitments for an International

question 37

Multiple Choice

Which of the following is true of strategic commitments for an international firm considering foreign expansion?

• A) They have a short-term impact.
• B) They are frequently subject to change.
• C) They fail to have a significant influence on business decisions.
• D) They are difficult to reverse.
• E) They are made on a day-to-day basis by employees at various levels in an organization.

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Definitions:

Arbitration

A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more arbitrators by whose decision (the "award") they agree to be bound.

Formal Rulemaking

A regulatory process that includes a period for public comment and often a public hearing before a final rule is made by a governmental body.

Informal Rulemaking

A regulatory process by government agencies involving less formal procedures than those required for formal rulemaking, often including notices and comment periods.

Admissibility of Evidence

The legal criteria that determine whether evidence is relevant and can be presented in court during a legal proceeding.