Which of the following is an effect of e-business on leadership?
A) Global leaders are obliged to adopt an ethnocentric approach to management in order to check the transformation of large corporations.
B) Individual managers are obliged to adapt to the hyperspeed environment of e-business, as well as to the need for visionary leadership in a whole new set of competitive industry dynamics.
C) The pace of international business has slowed down considerably resulting in a overall decline in efficiencies.
D) The importance of rigid organizational structure has increased.
Question 2
________ is a payment method commonly used when there is an ongoing relationship between the involved parties.
A) Advance payment
B) Documentary collection
C) Letter of credit
D) Open account