The bank would want to know the person’s credit history so the bank knows the person will repay the loan.
The marketing department, finance department, human resources
department all operate at the functional level of an organization.
<h3>What is Functional level?</h3>
This level determines the daily operations of the various departments in
an organization. Examples include:
They are involved in execution of strategies which is why functional level
is the most appropriate choice.
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Answer:
FALSE
Explanation:
Conducting business is usually NOT the same from country to country because:
1. DIFFERENCE IN BUSINESS ETHICS: Business ethics vary from nation to nation. European countries work from 8 am to 5 pm on a typical work day and rest on Saturdays and Sundays; but in the middle East, people do not work on Fridays but work on Sundays. They also take a lot of business time off for routine prayers during normal work hours.
2. NEED FOR TRANSLATORS: Differences of language does increase the cost of carrying out business activities in other nations. Take India and China for example; You cannot conclude that business deals will be carried out without hiring a translator who understands Hindi or Mandarin.
3. LOCAL LAWS AND CUSTOMS: The UK customs and laws require that cars be driven on the left hand side of the road but that is not the same in most other countries of the world, hence a U.S car manufacturer must be aware of the costs of redesign if he has to sell cars in the U.K.