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A global perspective is a worldwide approach to business that seeks to create persistent data in an economic world.

a. TRUE
b. FALSE

User Djy
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1 Answer

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Final answer:

The claim that a global perspective is about creating persistent data is false. A global perspective in business involves understanding cultural, economic, and regulatory diversity to foster international operations and is linked to globalization, which is the integration of international economies and markets.

Step-by-step explanation:

The statement that a global perspective is a worldwide approach to business that seeks to create persistent data in an economic world is FALSE. A global perspective indeed involves a worldwide approach, but it primarily entails understanding and integrating multiple aspects such as cultures, economies, and regulations to foster international operations and cooperation. This concept is deeply connected with the idea of globalization, which refers to the increasing interaction and integration on an international scale influenced by trade, investments, and information technology.

Globalization and the economy are closely linked, as the global market is strengthened by businesses that can seamlessly operate across borders. The example from the World Economic Forum in Davos in January 2023 highlights the importance of international cooperation, where trade ministers sought to synchronize climate, trade, and sustainable development goals to help businesses expand globally and thus aid in economic recovery.

Viewing businesses and governmental policies through a global lens means taking into account the diverse cultures, ethnicities, and living situations worldwide, which leads to broader perspectives and stronger foundational actions that support global economic stability and growth.

User Jura Khrapunov
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