RL Inc ,An American Insurance Company,attempted to Sell Life Insurance in in Spain.However,the

question 11

Multiple Choice

RL Inc. ,an American insurance company,attempted to sell life insurance in Spain.However,the company failed to understand that life insurance policies are viewed with a negative attitude in Spain.People are averse to profiting from someone else's death,and hence the company failed to reach its sales target.In this scenario,RL Inc.experienced:

• A)legal risk.
• B)political uncertainty.
• C)economic risk.
• D)cultural misunderstanding.

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Definitions:

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, rather than being focused on a single viewpoint.

Objectivity

Refers to the practice of being impartial, fair, and unbiased in judgment or analysis.

Preoperational

A stage in Jean Piaget's theory of cognitive development (ages 2 to 7) where children start to use language and think symbolically but lack the ability for abstract thinking.

Transform Information

The process of changing or converting data and information into a different format or structure for understanding or analysis.