Based on your understanding of the how these firms differ, identify which of the following are factors that affect multinational firms. Check all that apply. Language differences that make communication challenging among employees and managers. Uniform global currency used in transactions. Cultural diversity that affects the code of conduct of businesses. Country governments that comply with international protocols, making it easier for corporations to manage their business in different contexts.

Question

Business

Angelo Peters

16 January, 00:33

Based on your understanding of the how these firms differ, identify which of the following are factors that affect multinational firms. Check all that apply. Language differences that make communication challenging among employees and managers. Uniform global currency used in transactions. Cultural diversity that affects the code of conduct of businesses. Country governments that comply with international protocols, making it easier for corporations to manage their business in different contexts.

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Answers (1)

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Holly Graves · Answer 1

Language differences that make communication challenging among employees and managers.

Cultural diversity that affects the code of conduct of business.

Explanation:

Multinational firms are firms that operates and transact business activities outside their country of incorporation.

Despite the advantages of an extended reach and flexibility in operation, it also faces some challenges.

Language differences as different ethnics and culture are involved, brings a challenge in communication between employees and manager. Citizen of a francophone nation will struggle to communicate with another from an anglophone country.

Another challenge as mentioned in the question is that the code of conduct could be also be affected due to cultural diversity.