Arthur Has an Idea

question 6

Multiple Choice

Arthur has an idea. After performing a SWOT, he has identified a market that is not being served so he is planning to start a new business and introduce a new product. Arthur is a(n) ________.

• A) strategist
• B) dreamer
• C) entrepreneur
• D) independent business developer

Describe the different orientations (ethnocentric, geocentric) towards international staffing and management.

Comprehend the perspectives and practices on leadership and staff selection in different cultures.

Understand the concept of culture shock and its duration.

Recognize the importance of awareness regarding business colleagues' religious and cultural practices.

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Definitions:

Inheritance

Assets received from someone who has passed away, often as specified in their will or through the law of intestacy.

Creditor

An individual or institution that lends money or extends credit to another entity.

Settle

Completing a financial transaction by exchanging the payment of instruments between parties involved.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.