Advanced Communication Systems Have Contributed to Growth in International Business

question 29

Multiple Choice

Advanced communication systems have contributed to growth in international business by ________.

• A)enabling better oversight of global operations
• B)reducing the effects of global competition
• C)decreasing the cost of cargo transportation
• D)reducing export regulations

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Definitions:

Emergency Banking Act

A law passed in 1933 during the Great Depression that aimed to stabilize the banking sector, restore public confidence, and prevent the failure of banks.

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.

Consumer Faith

The confidence and trust that consumers have in the quality, safety, and reliability of the products and services they purchase.