As firms become more global, they tend to rely more on

Question

Quizplus · Accepted Answer

As firms become more global, they face the challenge of coordinating operations across different countries and cultures. This requires more lateral relations and informal communication, as well as a willingness to adapt to different business practices and local regulations. Formal organizational structures and centralized decision making may be less effective in this environment, given the need for agility and responsiveness to changing market conditions. Similarly, informal accounting procedures may not be sufficient to ensure compliance with local laws and regulations, or to provide accurate financial information for decision making. Therefore, choice D - lateral relations and informal communication - is the best answer.

As Firms Become More Global, They Tend to Rely More