Which of the Following Is True Concerning International Business

question 10

Multiple Choice

Which of the following is true concerning international business?

• A) It includes business transactions that involve two or more countries.
• B) Even if a firm establishes production facilities abroad, it is not engaging in international business unless it also expands sales abroad.
• C) It has resulted in the shift of technological leadership from the industrial to the emerging developing countries.
• D) It is conducted exclusively in the private rather than public sector.

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Definitions:

Limitations

Restrictions or constraints that limit the ability to perform an action or achieve a goal.

Discouraged Workers

Individuals who are not actively seeking employment because they believe no jobs are available for them or they are qualified for the jobs that exist.

Discount Period

The timeframe during which a payment can be made at a reduced rate, often used in terms of early payment of invoices for goods or services.

Controlling Accounts

A summary account in the general ledger that consolidates the totals of subsidiary ledger accounts.