Which of the Following Is True About Culture

question 79

Multiple Choice

Which of the following is true about culture?

• A)Culture is a set of legal codes.
• B)Culture occupies a position of peripheral importance in international business.
• C)Culture is not common to a group.
• D)Culture remains static over time.
• E)Cultural miscues can be costly in international business.

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Definitions:

Ownership Transfer

The legal process of transferring the title of an asset from one entity or individual to another.

Corporations

Entities recognized by law as separate from their owners, with the ability to own assets, incur liabilities, and engage in business activities.

Debt Securities

Financial instruments representing money borrowed by the issuer that must be repaid, such as bonds, notes, and bills.

Interest Rates

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.