How does managing an international business differ from managing a domestic business? Multiple Choice International managers are more experienced. Countries differ in their cultures and systems. Countries want to do business with their neighbors. Countries want to keep their transactions simple. What might the presence of a black (or shadow) economy in a country mean to that country's economy? Multiple Choice A black economy indicates the overall level of corruption in that country is high and potential business investors will be wary of entering that country's market leading to a reduction in the country's GDP. A black economy may indicate that large amounts of economic activity have been unrecorded signaling that the country's economic figures may be unreliable. A shadow economy indicates that the country operates two markets-one for the domestic market, the other for the international market. Having two markets raises the country's overall economic performance. A shadow economy indicates that the country is not willing to be forthright in its business dealings-it "hides" any potential untapped markets to protect its domestic producers. This will have a negative effect on its economy. According to Hofstede, an employee concerned about job security, career patterns, and retirement benefits would exhibit a high level of Multiple Choice uncertainty avoidance. masculinity. power distance. collectivism. How does managing an international business differ from managing a domestic business? Multiple Choice International managers are more experienced. Countries differ in their cultures and systems. Countries want to do business with their neighbors. Countries want to keep their transactions simple. What might the presence of a black (or shadow) economy in a country mean to that country's economy? Multiple Choice A black economy indicates the overall level of corruption in that country is high and potential business investors will be wary of entering that country's market leading to a reduction in the country's GDP. A black economy may indicate that large amounts of economic activity have been unrecorded signaling that the country's economic figures may be unreliable. A shadow economy indicates that the country operates two markets-one for the domestic market, the other for the international market. Having two markets raises the country's overall economic performance. A shadow economy indicates that the country is not willing to be forthright in its business dealings-it "hides" any potential untapped markets to protect its domestic producers. This will have a negative effect on its economy. According to Hofstede, an employee concerned about job security, career patterns, and retirement benefits would exhibit a high level of Multiple Choice uncertainty avoidance. masculinity. power distance. collectivism