Lynyxgo Lynyxgo Economics Answered Read the statements and choose the correct answer from thegiven choices inside the box. Write only the letter of your answer in the blankbefore each number.A. Business Environment F. Polychronic CulturesB. Local business G. External BusinessC. International business H. Time OrientationD. Monochronic Cultures I. Cultural IntelligenceE. Internal Business J. Power Distance_____ 1. It refers to the forces/factors outside the organization._____ 2. It is doing just one thing at a time._____ 3. It refers to the way in which power is distributed unequally._____ 4. It affects how it values time, and the extent to which it believes itcan control time._____ 5. It refers to the forces/factors within the organization._____ 6. It refers to the trade of goods, services, technology, capital acrossnational borders and at a global or transnational scale._____ 7. It constitutes all the forces that lie within and outside thebusiness organization._____ 8. It is an individual’s ability to favorably receive and adjust to anunfamiliar way of doing things._____ 9. It is one that sells its products and services to consumers in itsown city, town, or geographic area._____ 10. It is a culture that is more flexible on time.