Cultural Differences

question 143

Multiple Choice

Cultural differences:

• A) Can result in improved workplace relationships
• B) Provide learning opportunities that stimulate creativity
• C) Have a positive and negative impact on business
• D) All of the above

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Definitions:

Long-Run

A term referring to a period of time in economics during which all factors of production and costs are variable.

Short-Run

A period where at least one factor of production is fixed, and firms can only adjust the variable factors.

Diminishing Marginal Returns

A principle stating that as an investment in a particular area increases, the rate of profit from that investment, after a certain point, starts to decrease.

Monitoring

The regular observation and recording of activities taking place in a project or program, for oversight and evaluation purposes.