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Which factor does not explain differences or changes in ROA?
International Business
Commercial transactions, including sales, investments, and logistics, that occur across international borders.
Regulations
Rules or directives made and maintained by an authority to regulate behavior, usually in a specific activity or industry.
Laws
Systematized rules created and enforced through social or governmental institutions to regulate behavior.
Wealthy
Having a substantial amount of money, assets, or resources; rich.
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