The Cost of Doing Business Is Most Likely to Be

question 42

Multiple Choice

The cost of doing business is most likely to be the lowest in

• A) closed totalitarian states.
• B) primitive or undeveloped economies.
• C) open democratic societies.
• D) countries where local laws and regulations set strict standards with regard to product safety, safety in the workplace, and environmental pollution.
• E) countries that lack well-established laws for regulating business practice.

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Definitions:

Hierarchy Orientation

Hierarchy orientation refers to the degree to which societies, organizations, or groups value structured ranking and the distribution of power among members.

Virtue

A trait or quality deemed to be morally good and thus is valued as a foundation of principle and good moral being.

Freudian Theory

A psychological theory developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as major factors influencing personality and behavior.

Ego

A part of the psyche that mediates between the conscious, the unconscious, and reality, often involved in self-perception and personal identity.