$46,819
Unemployed Salary
Annual Salary Hourly Wage
Top Earners $57,500 $28
75th Percentile $57,500 $28
Average $46,819 $23
25th Percentile $32,000 $15
Answer:
False. That is one of many.
Explanation:
False. That is one of many.
Answer:
D. Fiat money is backed by a commodity.
Explanation:
Fiat money is legal tender issued by a government that is not backed by a commodity such as gold. The issuing government backs fiat currency. The government though the central bank has better control of fiat money as it is the issuer. The value of a fiat currency depends on the stability of the issuing government, and its supply and demand.
Fiat currency differs from commodity money, which is currency backed by commodities such as gold or silver. Currently, the Us dollar, the Euro and a majority of world currencies are fiat money. Before 1971, the US dollar was commodity money backed by standard gold.
The correct answer to this open question is the following.
Although the question does not provide any options or particular references, we can say that factors that are driving the internationalization of business are the necessity of countries to establish free trade agreements to compete in the international arena, the developing of cultural factors that penetrate to other countries creating similarities and affinities, the openness of countries that in the past followed protectionist trade rules, and the endless possibilities that new communication technologies are creating to stay connected worldwide.
On the other hand, the major challenges to the development of global systems are cultural restrictions in traditional countries that try to preserve their history, culture, customs, and traditions. And the other big factor could be the political stability of the country that maybe does not have the proper political conditions to be attractive to foreign investment.
Some firms have not planned for the development of internationalization systems because their owners still have the traditional approach of only competing in their former country, not taking the calculated risk of looking abroad for the many opportunities that are out there.