Which of the Following Is an Implication of the Global

question 29

Multiple Choice

Which of the following is an implication of the global changes in political and economic systems for international business?

• A)The ideological conflict between collectivism and individualism is less in evidence today.
• B)Adoption of Western ideology is declining worldwide.
• C)The global tide has been running in favor of command economies and totalitarian dictatorships.
• D)Free markets and democracy are being replaced by mixed economies and communist governments.
• E)Liberalization and privatization of state-owned enterprises has been losing popularity.

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Definitions:

Consultation

A professional advice process that involves seeking expertise and opinions from relevant individuals or organizations.

Joint Decision

A decision made collectively by two or more parties or individuals, often involving compromise or consensus.

Different People

Individuals who vary from one another in multiple aspects such as background, personality, and perspectives.

Nature of Problem

Refers to the inherent characteristics, complexity, and specifics of an issue or challenge that needs to be addressed.