John Wants to Expand into the Foreign Markets, but He

question 41

Multiple Choice

John wants to expand into the foreign markets, but he cannot convince his partners. They believe that international markets are the domain of large corporations. John is facing which barrier to international trade?

• A)Financing
• B)Political
• C)Cultural
• D)Attitude

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Definitions:

Internal Controls

Procedures and processes implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Accounts Testing

The evaluation and verification of financial account records through various audit procedures to ensure the accuracy and reliability of financial statements.

Illegal Act

An action that is forbidden by law and subject to criminal or civil penalties.

Auditors

Professionals who examine financial records to ensure their accuracy and compliance with applicable rules and regulations.