Which of the Following Best Defines the Concept of Managing

question 62

Multiple Choice

Which of the following best defines the concept of managing interdependence?

• A)the effective management of a long-term, MNC subsidiary-host-country relationship through cooperation and consideration for host concerns
• B)the process by which international managers accept and enact their role in the preservation of ecological balance on the earth
• C)the process by which a firm grants the rights to a firm in the host country to produce or sell a product
• D)the effective development of strategies that involve designing and operating systems, and working with people around the world to ensure sustained competitive advantage

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Definitions:

Specialization

The process by which individuals, organizations, or nations concentrate on producing a limited range of goods or services, to increase efficiency and productivity.

Exchange

The act of trading goods, services, currencies, or other commodities between parties.

Self-interest

The pursuit of personal advantages and well-being, often guiding individual economic decisions.

Division of Labor

A method that breaks down the production of a product into a series of specific tasks, each performed by a different worker.