International business differs from domestic business in several ways. Identify at least three of these differences and describe their implications for companies
What will be an ideal response?
The countries involved may use different currencies, requiring currency conversion and introducing exchange rate risk. Because the legal systems are different, one or more parties must adjust their practices to comply with local laws. Cultural differences and the availability of resources affects production of various items and production methods.
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An unambiguous description of each type of data that applies to all business circumstances and users is called a(n):
A) name. B) descriptor. C) identifier. D) definition.
Which of the following set of funds use the economic resources measurement focus?
a. Enterprise Fund, Special Revenue Fund, and General Fund b. Internal Service Fund, Pension Trust Fund, and Enterprise Fund c. Debt Service Fund, Internal Service Fund, and Pension Trust Fund d. Enterprise Fund, Internal Service Fund, and Capital Projects Fund