Which of the Followings Statements About Language and International Business

question 37

Multiple Choice

Which of the followings statements about language and international business is true?

• A) When executives have no common language, they are likely to use English.
• B) English is the primary business language of the Americas, while German is the primary business language of Europe.
• C) English is so prevalent in international business that an executive from Cuba and an executive from Peru would use it to communicate with each other.
• D) Because English is the main language of international business, non-native English speakers have no problems understanding it.
• E) English is only used to conduct business when a Canadian, American, or English company is involved.

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Definitions:

Average Variable Cost

The variable cost (such as raw materials, direct labor) per unit of output, calculated by dividing total variable costs by the quantity of output.

Zero Output

A situation where a business or economic process results in no production or creation of goods or services, often indicating a shutdown or inefficiency.

Profit Maximizing

refers to a firm's goal of achieving the highest possible profit, where marginal costs equal marginal revenue, guiding pricing and production decisions.

Perfectly Competitive

A market configuration where numerous small businesses are present, with each selling identical items, coupled with the absence of entry or exit hurdles and complete transparency of information among consumers and vendors.