Three Areas of Special Concern to International Business Managers Because

question 40

Short Answer

Three areas of special concern to international business managers because they affect activities in the international setting and not in the domestic setting are performance of contracts in an international setting,litigation in an international setting,and ___________.

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Definitions:

Federal Budget

The government's estimate of revenue and spending for a fiscal year, reflecting the economic priorities of the federal government.

Military Powers

The authority and capability of a state to use its armed forces to achieve its objectives.

Unilateral Use

Refers to actions or decisions made by a single nation or entity independently, without consultation or agreement with others.

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, often identified by consecutive quarters of GDP decline.