Question: Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in seeking better financial incentives, stronger networks, and markets of opportunities. But at the same time, the complexities in terms or risks involved in the international operation are more than domestic firms. Respond to the following in a minimum of 175 words: Discuss how to manage cultural risks and other factors related to a foreign operation of a multinational business. Is cultural, business, or political risk more challenging to overcome than one of the others? Why or why not? How should American standards influence multinational businesses?

Step by Step Solution

★★★★★

3.52 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Globalization is an important factor with the expansion across the world there is no physical barrier All the credit goes to the technology developments which facilitates smooth functioning of busines... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Respond to the following in a minimum of 175 words PLEASE TYPE RESPONSE: Cash flow analysis is 1 of the most important processes that firms can conduct to keep the company running smoothly. For small...

Respond to the following in a minimum of 175 words, please type response: Why do you think the military may be much better equipped to deal with risk management and contingency plans (to "adapt and...

Respond to the following client statement: a prospective client comes into your office looking for investment advice. The client feels that s/he is appropriately diversified because the portfolio...

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in...

Reading .1 International Assignments 2.1.1 Definition and Classification of International Assignments International work experience is one of the major requirements for promotion to higher-level...

NEED TO PREPARE PRESENTATION BASED ON THE GIVEN CONTENT ( IN 7/8 SLIDES) UNDER THESE POINTS: TITLE OF REPORT - Feasibility Study of Atomo Coffee's Market Entry into Canada INTRODUCTION With the...

my question: The related case is put below with images. Can you describe trivago's organization design since 2010 by considering its structural dimensions such as formalization, specialization,...

This paper should include 3-5 pages of content with an additional cover and reference page. This is a total of 5-7 pages. Please be aware that a properly formatted page will include approximately 350...

THIS NEEDS TO BE WRITTEN MATERIAL AND APA REFEENCES Management Accounting does not have a body of standards such as those put out by the FASB or IASB. However, there is and has been a substantial...

I need to respond to these questions on McDonalds Analyze the corporation?s most recent financial statements and answer the following: How are the corporation?s debt securities reported on the...

Explain how hyperinflation might lead to a severe decline in total output.

Distinguish between a cost and an expense.

Smaller U . S . accounting firms that audit nonpublic entities adhere to which standards? Multiple choice question. Both ASB and PCAOB standards ASB standards PCAOB standards

Give the three main reactions catalyzed in a catalytic convertor placed in the exhaust of a gasoline car.Why is Rh needed to reduce NO?

Ulysses and Penelope are married and file separate returns for 2019. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250...

Atlantic University has 8 schools 350 faculty members and 20,000 students. An analysis of the universitys cost structure yielded the following annual cost estimates.The university sustaining cost...

A Canadian controlled private corporation has a Net income for tax purposes of $478,000 and a Taxable Income of $420,000. All of this income is Active Business Income and is earned in Canada and...

Herr Fender bender considers himself a great driver. He has just received a Mercedes sports car as a gift from his uncle. His car is worth $90 000, but will have a scrap value of $10 000 in the event...

Need to Buy Binance Account? Here's How Are you looking to buy Binance account to skip the hassle of registration and verification? You're not alone. Many crypto enthusiasts want to dive straight...

Today, a lot of discussion centers on how much economic power, political influence, and international competitiveness the Peoples Republic of China (PRC) has achieved in the international marketplace...

A lot of international business discussion today centers on how much economic power, political influence, and international competitiveness the People's Republic of China (PRC) has achieved and is...

Increased global interaction has been promoted by advanced technology in communication, ideas, and culture, which largely encourages and facilitates international trading. Businesses go abroad to...

Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in...

Can you please help me answer the questions in this photo? I am so desperate and I have no idea what to say. 1) Discuss how to manage cultural risks and other factors related to a foreign operation...

Due Day 3 Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go...