Which of the Following Statements Is True of Countertrade

question 48

Multiple Choice

Which of the following statements is true of countertrade?

• A) Countertrade reduces the profitability of competing firms and is considered an unethical practice.
• B) Countertrade is a conventional means to pay exporters.
• C) Smaller organizations commonly use countertrade in international transactions.
• D) Countertrade occurs when goods and services are traded for other goods and services.

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Definitions:

Social Control Theory

A theory in sociology that suggests mechanisms, strategies, and processes that regulate individual and group behavior, leading to conformity and compliance to the rules of a society.

Social Norms

Expected standards of conduct within a society that guide the behavior of its members.

Internalize

The process of incorporating the values, attitudes, and norms of a society into one's own belief system.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or acceptable in society.