Match the Definition with the Correct Term

question 75

Essay

Match the definition with the correct term.

Comprehend how political systems and ideologies (e.g., collectivism, socialism) influence business operations and international trade.

Understand the importance of assessing political freedom and its impact on business operations in different countries.

Recognize the consequences of macro and micro political risks on international businesses.

Understand the concept of net present value and its calculation for capital investment decisions.

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Definitions:

Steamship Voyages

signifies journeys or travels undertaken by ships powered by steam engines, especially during the 19th and early 20th centuries.

Sojourners

Sojourners are individuals who reside temporarily in a place, distinct from migrants or permanent residents, often with the intention of returning to their country of origin.

Safe Working Conditions

Measures and standards implemented to ensure the work environment is free from hazards that could cause harm to employees.

Decent Wage

A level of income regarded as sufficient for a worker and their family to live on, meeting basic needs such as housing, food, healthcare, and education.