A Contributing Factor in the Globalization of Markets Is the Spread

question 54

Multiple Choice

A contributing factor in the globalization of markets is the spread of __________ as the international language of international business.

• A) German
• B) English
• C) French
• D) Russian
• E) Hindi

Understand the distribution of assets upon dissolution of an LLC and how contributions impact members’ shares.

Identify the rights and limitations of a transferee in an LLC under the RULLCA.

Comprehend the conditions under which judicial dissolution of an LLC can be sought.

Calculate profit sharing among LLC members based on capital contributions and default rules.

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Definitions:

General Environment

Is the set of cultural, economic, legal–political, and educational conditions found in the areas in which the organization operates.

Specific Environment

The set of owners, suppliers, distributors, government agencies, and competitors with which an organization must interact to grow and survive.

Adhocracy

An organizational structure that is flexible, adaptable, and non-hierarchical, often used to spark innovation and tackle emerging issues.

Decentralization

The distribution of decision-making powers from a central authority to local or individual levels within an organization or system.