Asked by Jayla Ashley on May 12, 2024
Verified
One has to work for a foreign-owned company to be personally impacted by the global economy.
Global Economy
An interconnected marketplace where goods, services, and labor are traded worldwide, and economic events in one part of the world can have an impact on other parts.
Foreign-Owned Company
A business entity that is owned by individuals or corporations from a country different from where the company operates.
- Recognize the effects of the global economy on business operations and individual workers.
Verified Answer
TH
Tatiana HilarioMay 16, 2024
Final Answer :
False
Explanation :
The global economy impacts everyone, regardless of their employer or industry. Changes in exchange rates, trade policies, and global supply and demand affect prices, employment opportunities, and overall economic conditions in all countries. Personal finances, purchasing power, and job security can be affected by fluctuations in the global economy, regardless of the type of company one works for.
Learning Objectives
- Recognize the effects of the global economy on business operations and individual workers.
Related questions
The Service Economy Is Expected to Generate 14 ...
Which of the Following Best Describes a Partnership ...
The Internet Makes Customers _________ Powerful; This Is a _________ ...
Reliable Packaging, Which Has Competed on Cost for Several Years ...
Which of the Following Statements About the Use of Computers ...