Which of the Following Statements Is True About an International

question 48

Multiple Choice

Which of the following statements is true about an international business?

• A) An international business needs to invest directly in operations in other countries.
• B) An international business needs to have homogenous practices across countries.
• C) An international business can be managed in the same way that a domestic business is managed.
• D) An international business must find ways to work within the limits imposed by government intervention.

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Definitions:

Optimization Problems

Mathematical problems concerned with finding the best solution from a set of feasible solutions, given some constraints.

Solver

a tool used in software like Excel that finds an optimal value for a formula in one cell, subject to constraints on the values of other formula cells.

Manufacturing Cost

The total expense incurred in producing goods, including raw materials, labor, and overhead.

Outsourcing Decision

The process by which a company decides whether to purchase a good or service from an external provider instead of producing it internally, often influenced by factors like cost, expertise, and capacity.