Which of the Following Statements Is True of Global Diversity

question 42

Multiple Choice

Which of the following statements is true of global diversity?

• A) Employee health and safety laws are generally more protective in Third World countries than in developed countries.
• B) The Americans are more long-term oriented than the Chinese.
• C) The Japanese and Chinese place a high priority on human relations and teamwork.
• D) In the United States and some other countries, it is legal to take and give bribes for doing business.

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Definitions:

Fixed Costs

Expenses that do not change in total regardless of changes in the level of production or sales activities within a certain range.

Margin of Safety

The difference between actual sales and the break-even point, indicating the level of risk in not covering fixed costs.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs, indicating how much of the revenue is available to cover fixed costs and generate profit.

Operating Income

Earnings from a company's principal business activity, excluding expenses and revenues from non-operational sources.