Foreign Exporters Are Usually Quite Willing to Accept Chinese Yuan

question 98

Multiple Choice

Foreign exporters are usually quite willing to accept Chinese Yuan in payment for goods and services because:

• A)of the importance of the Chinese Yuan in international trade
• B)the value of the dollar does not fluctuate
• C)they have little alternative
• D)it is customary to receive payment denominated in the currency of the importer's country
• E)none of the above

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Definitions:

Bureaucratic Inertia

The tendency of bureaucratic organizations to resist change and maintain the status quo due to their complex structures and rules.

Bureaucracies

are complex organizational structures designed to manage and administer the policies, rules, and regulations of larger institutions or governments through a hierarchical system of authority.

Authority Structures

Refer to the systems and frameworks through which power and authority are organized, distributed, and executed within a society or organization.

Democratic Leadership

Offers more guidance than the laissez-faire variety but less control than the authoritarian type. Democratic leaders try to include all group members in the decision-making process, taking the best ideas from the group and molding them into a strategy with which all can identify. Outside of crisis situations, democratic leadership is usually the most effective leadership style.