Explain requirement for a business environment

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Reference no: EM132906901

1. What happens in the foreign exchange market does not directly impact the sales, profits, and strategy of a multinational enterprise.

True

False

2. Strong legal protection of property rights is a requirement for a business environment to be conducive to innovation, entrepreneurial activity, and hence economic growth.

True

False

3. The U.S. is only 5% of the world population, therefore it is critical that we trade with 95% of the rest of the world.

True

False

4. A "Living Wage" is the minimum hourly income necessary for a worker to meet basic needs of housing, clothing and nutrition.

True

False

5. The most widely traded currency in the world is the U.S. Dollar.

True

False

Reference no: EM132906901

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