A holder of a _____ estate has a possessory but not an ownership interest.

A holder of a _____ estate has a possessory but not an ownership interest.A) fee simple absoluteB) lifeC) conditionalD) leaseholdAnswer:&nbs...

A life estate:

A life estate:A) is granted only for a period of 30 years to an individual.B) typically passes to the heirs when the life holder dies.C) typically goes...

Beck, the elder son of Ted, recently claimed that he was the owner of the house where he lived with his parents (Ted and his wife) and his younger sister Lily. However, Ted claimed that he was the true owner as the property was in his name and he had not given the property to his son. Beck, however, stated that he had been living in the place for the past 28 years and has also paid taxes out of his salary and other maintenance charges to take care of the property. The scenario best exemplifies a case of:

Beck, the elder son of Ted, recently claimed that he was the owner of the house where he lived with his parents (Ted and his wife) and his younger sister...

Laura was riding her new motorbike in a residential area. She had to swerve suddenly to avoid hitting a small child who had run onto the street after a ball. As a result, Laura hit a tree and fractured three ribs and her right arm. The motorbike also sustained considerable damage. Laura sued the father of the child who was present at the scene of the accident for negligence, but in court the defense argued that Laura had exceeded the speed limit. Which defenses to negligence has been used here by the defendant?

Laura was riding her new motorbike in a residential area. She had to swerve suddenly to avoid hitting a small child who had run onto the street after...

Ian, a door-to-door salesman, filed a negligence case against Mark. While ringing the doorbell on Mark's front porch, he was bitten by a venomous snake that Mark kept as a pet. Ian had no previous warning of the snake being loose. In this scenario, Ian is most likely to have filed for damages under _____.

Ian, a door-to-door salesman, filed a negligence case against Mark. While ringing the doorbell on Mark's front porch, he was bitten by a venomous snake...

To establish proximate cause in a negligence claim, it is necessary to prove that the:

To establish proximate cause in a negligence claim, it is necessary to prove that the:A) damages or losses suffered by a plaintiff were above $5 million.B)...

To win a negligence case after it has been established that the defendant owes a duty to the plaintiff, it must be proved that the:

To win a negligence case after it has been established that the defendant owes a duty to the plaintiff, it must be proved that the:A) defendant intended...

What is the outcome if a defendant successfully proves contributory negligence?

What is the outcome if a defendant successfully proves contributory negligence?A) The plaintiff will be denied any recovery of damages.B) The defendant...

A contract entered into by a person suffering from mental problems yet who still understands the nature of the contract and the obligations it imposes is considered ________.

A contract entered into by a person suffering from mental problems yet who still understands the nature of the contract and the obligations it imposes...

When is a contract voidable?

When is a contract voidable?A) When the contract is entered into by a minorB) When the contract is entered into by a person adjudicated insaneC) When...

Which of the following elements of a contract refers to the mental ability of a person to understand his or her rights and obligations under a contract and comply with the terms?

Which of the following elements of a contract refers to the mental ability of a person to understand his or her rights and obligations under a contract...

In a contract made by a minor, the:

In a contract made by a minor, the: A) minor has the right to disaffirm the contract before or within a reasonable time of reaching the age of majorityB)...

When there is no dispute over the amount of debt or existence of debt, it is referred to as a _____.

When there is no dispute over the amount of debt or existence of debt, it is referred to as a _____.Answer: Liquidated d...

In a liquidated debt, ________.

In a liquidated debt, ________.A) the parties in a contract come to a settlement by entering into an accord and satisfactionB) the debtor and the creditor...

Maya pays $5,000 and purchases a car from her friend, Jane. Later, Maya realizes that the car is worth less than $3,000. Which of the following statements will be true if Maya plans to sue her friend?

Maya pays $5,000 and purchases a car from her friend, Jane. Later, Maya realizes that the car is worth less than $3,000. Which of the following statements...

Kevin is offered a job by a reputed company in a different city. To take up the new job, Kevin quits his previous job and moves to the new city along with his family. When he shows up at work, he is told that there is no job. Kevin can sue the employer under the theory of ________.

Kevin is offered a job by a reputed company in a different city. To take up the new job, Kevin quits his previous job and moves to the new city along...

If a party to a contract asks for an additional amount of money and agrees to do more work than the contract requires, the result is that the promise:

If a party to a contract asks for an additional amount of money and agrees to do more work than the contract requires, the result is that the promise:A)...

Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold the offer open for a 45-day period. Janet will deduct the $10,000 from the purchase price if Lucas purchases the property within those 45 days. If he does not, Janet can keep the $10,000 and offer the house to another party. Which of the following contracts does this scenario best illustrate?

Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold the offer open for a 45-day period. Janet will deduct...

Felipe, Adam, and Shirley are neighbors. Felipe overhears Adam's offer to sell an antique clock to Shirley for $3,000. Under these circumstances, _____.

Felipe, Adam, and Shirley are neighbors. Felipe overhears Adam's offer to sell an antique clock to Shirley for $3,000. Under these circumstances, _____.A)...

Jason agrees to buy Sara's car for $10,000. However, Sara tells Jason that she will only sell the car to him if he pays $12,000. In this scenario, Sara makes a(n):

Jason agrees to buy Sara's car for $10,000. However, Sara tells Jason that she will only sell the car to him if he pays $12,000. In this scenario, Sara...

Which of the following conditions must be present for an offer to have a legal effect?

Which of the following conditions must be present for an offer to have a legal effect? A) Invitation to negotiateB) Definite and certain termsC)...

A(n) ____ is defined as a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.

A(n) ____ is defined as a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes...

Which of the following statements accurately brings out the difference between bilateral and unilateral contracts?

Which of the following statements accurately brings out the difference between bilateral and unilateral contracts?A) Unilateral contracts call for actions,...

What falls under Article 2 of the UCC?

What falls under Article 2 of the UCC?Answer: Contract for the sale of a g...

In which of the following situations do the parties to a contract lack contractual capacity?

In which of the following situations do the parties to a contract lack contractual capacity? A) When the parties to the contract are from different...

What defense to a crime is established by the irresistible-impulse test?

What defense to a crime is established by the irresistible-impulse test?Answer: Insan...

____ is best described as the intentional burning of another's dwelling

____ is best described as the intentional burning of another's dwellingAnswer: Ar...

The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.

The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that...

Marrin Associates is an MNE with operations in Hong Kong, India, and Canada. The firm strives to leverage its core competencies worldwide, reduce costs by exploiting location economics, and adapt when efficient to local conditions. Marrin is most likely following a(n) ________ strategy.

Marrin Associates is an MNE with operations in Hong Kong, India, and Canada. The firm strives to leverage its core competencies worldwide, reduce costs...

Which of the following is the primary limitation of the transnational strategy?

Which of the following is the primary limitation of the transnational strategy?A) poor local adaptationB) cross-unit coordination difficulties C)...

An MNE in which new knowledge and capabilities are developed in both domestic and foreign locations, both independently and jointly, and then diffused throughout the worldwide organization, is following a ________ strategy.

An MNE in which new knowledge and capabilities are developed in both domestic and foreign locations, both independently and jointly, and then diffused...

Which strategy champions worldwide consistency and standardization to support the firm's goal to become the low-cost leader?

Which strategy champions worldwide consistency and standardization to support the firm's goal to become the low-cost leader?A) international strategyB)...

The MNE that applies a global strategy aims to ________.

The MNE that applies a global strategy aims to ________.A) compete essentially the same way wherever the company does businessB) empower local operations...

A global strategy tends to be more successful when ________.

A global strategy tends to be more successful when ________.A) buyers are looking for customized products at bargain pricesB) the industry's product is...

Google essentially views the entire world as one market and assumes that there are no fundamental differences among countries with regard to consumers' preferences. Google is engaging a(n) ________ strategy.

Google essentially views the entire world as one market and assumes that there are no fundamental differences among countries with regard to consumers'...

A disadvantage of the ________ strategy is that firms that adopt this strategy can decentralize too much autonomy to national subsidiaries.

A disadvantage of the ________ strategy is that firms that adopt this strategy can decentralize too much autonomy to national subsidiaries.A) multidomesticB)...

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions. Many subsidiaries have their own manufacturing, marketing, research, and human resource functions. This value chain configuration illustrates the ________ strategy.

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions. Many subsidiaries have their own manufacturing,...

Preston Electronics is an MNE with facilities located in Taiwan, Singapore, and Germany. Preston gives its local operations the authority to adapt value activities to prevailing local economic, political, legal, and cultural conditions. Preston is most likely using a(n) ________ strategy.

Preston Electronics is an MNE with facilities located in Taiwan, Singapore, and Germany. Preston gives its local operations the authority to adapt value...

Darvin Foods is an MNE that is in the process of revising its international business strategy. Most of the firm's top executives believe that Darvin should implement a multidomestic strategy. Which of the following conditions would most likely support this type of strategy?

Darvin Foods is an MNE that is in the process of revising its international business strategy. Most of the firm's top executives believe that Darvin should...

A distinct disadvantage of an international strategy is ________.

A distinct disadvantage of an international strategy is ________.A) restricting the movement of core competencies to local marketsB) capitalizing on the...

A distinct advantage of an international strategy is ________.

A distinct advantage of an international strategy is ________.A) transferring core competencies to foreign marketsB) reaping benefits of global learningC)...

Which of the following is NOT a disadvantage of the international strategy?

Which of the following is NOT a disadvantage of the international strategy?A) Headquarters can misread foreign-market opportunities and threats.B) The...

Firms that pursue a(n) ________ strategy create value by transferring core competencies from the home market to foreign markets in which local rivals lack a competitive alternative.

Firms that pursue a(n) ________ strategy create value by transferring core competencies from the home market to foreign markets in which local rivals...

When the pressure for global integration is high and the pressure for local responsiveness is low, a company is most likely to pursue a(n) ________ strategy.

When the pressure for global integration is high and the pressure for local responsiveness is low, a company is most likely to pursue a(n) ________ strategy.A)...

The integration-responsiveness (IR) grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.

The integration-responsiveness (IR) grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing...

In the global environment, firms use an international strategy, a multidomestic strategy, a global strategy, or a ________ strategy.

In the global environment, firms use an international strategy, a multidomestic strategy, a global strategy, or a ________ strategy.A) regionalB) standardizationC)...

According to the integration-responsiveness (IR) grid, consumer electronics and corporate banking are two types of industries with ________ industry pressure for global integration and ________ industry pressure for local responsiveness.

According to the integration-responsiveness (IR) grid, consumer electronics and corporate banking are two types of industries with ________ industry pressure...

Host governments' growing demands for increasing operational transparency will most likely spur companies to make their value chains more ________.

Host governments' growing demands for increasing operational transparency will most likely spur companies to make their value chains more ________.A)...

Advantages of following a strategy of local responsiveness include the ________.

Advantages of following a strategy of local responsiveness include the ________.A) improved ability to transfer skills to employees in different locationsB)...

Which of the following is NOT a factor driving local responsiveness among global firms?

Which of the following is NOT a factor driving local responsiveness among global firms?A) cross-national differences in distribution channelsB) diverging...

Which of the following is LEAST likely to trigger the standardization of consumer preferences?

Which of the following is LEAST likely to trigger the standardization of consumer preferences? A) intrinsic functions of moneyB) global access to...

Which of the following would most likely pressure an MNE to globally integrate its value activities?

Which of the following would most likely pressure an MNE to globally integrate its value activities?A) costs of producing in separate facilities exceeding...

In the demand-pull versus supply-push views of the market, which of the following is best classified as a push dynamic that drives supply in the global market?

In the demand-pull versus supply-push views of the market, which of the following is best classified as a push dynamic that drives supply in the global...

No matter the country or culture, money has three fundamental features that motivate consumers around the world to maximize purchasing power by buying the highest possible quality product for the lowest possible price. These three features include all of the following EXCEPT which one?

No matter the country or culture, money has three fundamental features that motivate consumers around the world to maximize purchasing power by buying...

Firms that compete in the global marketplace typically face the asymmetric forces of pressures for ________ and ________.

Firms that compete in the global marketplace typically face the asymmetric forces of pressures for ________ and ________.A) global integration; local...

Social network analysis indicates that information flows more efficiently in a(n) ________ manner.

Social network analysis indicates that information flows more efficiently in a(n) ________ manner.A) collaborativeB) competitiveC) hierarchicalD) impersonalAnswer: A)...

Which of the following refers to the means by which management applies the systems that link a company's value activities, whether those activities are performed in one or in many countries?

Which of the following refers to the means by which management applies the systems that link a company's value activities, whether those activities are...

A ________ is a special outlook, skill, capability, or technology that runs through the firm's operations, weaving together all value activities into an integrated value chain.

A ________ is a special outlook, skill, capability, or technology that runs through the firm's operations, weaving together all value activities into...

Johnson Enterprises manufactures computer chips used in cell phones. The MNE has long production runs that lower the per unit cost of each chip. The firm also purchases materials in bulk from its suppliers with whom Johnson has long-term contracts. Johnson is most likely benefiting from ________.

Johnson Enterprises manufactures computer chips used in cell phones. The MNE has long production runs that lower the per unit cost of each chip. The firm...

Zara creates, produces, and distributes most of its products from its headquarters in Spain. Zara is most likely using a ________ configuration.

Zara creates, produces, and distributes most of its products from its headquarters in Spain. Zara is most likely using a ________ configuration. A)...

Citibank decides to open a call center in Mumbai, India because a detailed analysis of the country-specific advantages suggests that India is the optimal place for responding to customers' calls. Citibank is exploiting ________ by running a call center in India.

Citibank decides to open a call center in Mumbai, India because a detailed analysis of the country-specific advantages suggests that India is the optimal...

Dispersing value activities where and in how many places in the world is the issue of ________.

Dispersing value activities where and in how many places in the world is the issue of ________.A) logisticsB) clusteringC) coordinationD) configurationAnswer: D)...

Which of the following is considered a primary activity in a company's value chain?

Which of the following is considered a primary activity in a company's value chain?A) shippingB) product designC) systems and solutionsD) materials and...

In the context of value chain analysis, the support activities of a firm include ________.

In the context of value chain analysis, the support activities of a firm include ________.A) outbound logistics, human resources, and information systemsB)...

A company's value chain is best described as the ________.

A company's value chain is best described as the ________.A) variable sequence of converting product ideas into value for shareholdersB) mixture of activities...

A useful way to understanding the purpose of strategy is to think of the firm as a(n) ________, composed of a series of distinct activities, including production, marketing, materials management, R&D, human resources, information systems, and the firm infrastructure.

A useful way to understanding the purpose of strategy is to think of the firm as a(n) ________, composed of a series of distinct activities, including...

Successful implementation of a ________ strategy requires a company to develop unique competencies that rivals find hard, if not impossible, to match or copy.

Successful implementation of a ________ strategy requires a company to develop unique competencies that rivals find hard, if not impossible, to match...

A differentiation strategy works well when ________.

A differentiation strategy works well when ________.A) a company designs a universal product for a broad marketB) buyers believe minor product differences...

The essence of a differentiation strategy is to ________.

The essence of a differentiation strategy is to ________.A) target the most sophisticated segment of the marketB) incorporate the greatest number of features...

A company that employs a ________ strategy creates value by generating customer insights and translating those insights into innovations.

A company that employs a ________ strategy creates value by generating customer insights and translating those insights into innovations.A) differentiationB)...

_______ are the two basic strategies for creating value and attaining a competitive advantage in an industry.

_______ are the two basic strategies for creating value and attaining a competitive advantage in an industry.A) Diversification and niche marketing B)...

Value-Mart has achieved the status of overall low-cost producer in its industry, which means that Value-Mart ________.

Value-Mart has achieved the status of overall low-cost producer in its industry, which means that Value-Mart ________. A) can strongly defend its...

A strategy that focuses on lowering operating costs is referred to as a ________ strategy.

A strategy that focuses on lowering operating costs is referred to as a ________ strategy.A) differentiation B) cost leadership C) niche marketD)...

Which of the following is the purpose of a company's value proposition?

Which of the following is the purpose of a company's value proposition?A) to exceed customers' expectationsB) to force competitors into a price warC)...

Which of the following has the greatest potential to transform an industry's structure?

Which of the following has the greatest potential to transform an industry's structure?A) a change in a competitor's managementB) a change in a competitor's...

As a result of the global economic crisis, the potential for profitability in all sorts of industries has ________.

As a result of the global economic crisis, the potential for profitability in all sorts of industries has ________.A) decreasedB) increasedC) become less...

Improving explanatory power of the IO paradigm can be done by considering the potential for ________ to lead to a company's sustained competitive advantage.

Improving explanatory power of the IO paradigm can be done by considering the potential for ________ to lead to a company's sustained competitive advantage.A)...

Which of the following is the most important constraint on the explanatory power of the IO paradigm?

Which of the following is the most important constraint on the explanatory power of the IO paradigm?A) Many industries are imperfectly competitive. B)...

The Industry Organization (IO) paradigm assumes which of the following?

The Industry Organization (IO) paradigm assumes which of the following?A) stable political and cultural trends B) shifting foreign-exchange ratesC)...

The industry organization (IO) paradigm reports that, on average, the best predictor of firm strategy is the ________.

The industry organization (IO) paradigm reports that, on average, the best predictor of firm strategy is the ________.A) company's stockpile of assets,...

Which of the following is the best example of a product disruption driving industry change?

Which of the following is the best example of a product disruption driving industry change?A) redesign of Toyota's Prius B) introduction of Apple's...

Which of the following is NOT among the five forces in the Five-Forces Model of Industry Structure?

Which of the following is NOT among the five forces in the Five-Forces Model of Industry Structure?A) governmentsB) substitute productsC) potential new...

Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy?

Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy? A) interest rate trends B) technology...

_____ is the framework that managers apply to determine the competitive moves and business approaches that run the company.

_____ is the framework that managers apply to determine the competitive moves and business approaches that run the company.A) CompetitionB) GrowthC) StrategyD)...

Phillip is an international business manager with Corbin Manufacturing. Which of the following serves as an external influence on the business decisions that Phillip makes?

Phillip is an international business manager with Corbin Manufacturing. Which of the following serves as an external influence on the business decisions...

Political, legal, economic, monetary, and institutional forces comprise the ________ of international business and influence managers' actions.

Political, legal, economic, monetary, and institutional forces comprise the ________ of international business and influence managers' actions.A) environmentB)...

Which of the following statements about Zara is most likely FALSE?

Which of the following statements about Zara is most likely FALSE?A) Zara puts fewer products on clearance racks than most of its competitors in the industry. B)...

What is NOT a tax issue that multinational corporations (MNCs) face?

What is NOT a tax issue that multinational corporations (MNCs) face?a. Corporate income taxb. Sales taxc. Payroll taxd. Property taxe. Culture tax Answer: e....

What can investors who want to compare one company's profit margin to another company's profit margin utilize?

What can investors who want to compare one company's profit margin to another company's profit margin utilize?a. The financial statements to conduct a...

What is the goal of the International Accounting Standards Board (IASB)?

What is the goal of the International Accounting Standards Board (IASB)?a. To distinguish the financial statements from one country to anotherb. To achieve...

Which of the following best illustrates a function of generally accepted accounting principles?

Which of the following best illustrates a function of generally accepted accounting principles?a. Supplying domestic Company B with International Accounting...

Which source of funds to financing international trade and investment is the International Monetary Fund (IMF) a part of?

Which source of funds to financing international trade and investment is the International Monetary Fund (IMF) a part of?a. Private fundingb. International...

How do options contracts hedge exchange rate risk?

How do options contracts hedge exchange rate risk?a. By giving an investor the right to buy or sell a specified amount of currency at a future date at...

What are two short-term effects of currency movement?

What are two short-term effects of currency movement?a. Translation riskb. Accounting riskc. Economic riskd. Exchange rate fluctuatione. Transaction riskf....

A successful shoe manufacturer has long been subcontracting production of their shoes to countries such as Vietnam. Which of the following concepts was likely considered when selecting production in this country?

A successful shoe manufacturer has long been subcontracting production of their shoes to countries such as Vietnam. Which of the following concepts was...

What is most likely to happen if a computer company decided to own and operate its own fleet of trucks instead of using shipping companies to deliver its computers?

What is most likely to happen if a computer company decided to own and operate its own fleet of trucks instead of using shipping companies to deliver...

Why may companies outsource?

Why may companies outsource?a. To increase their competitionb. To focus on non-value-added inputsc. To learn a new businessd. To control the supply chaine....

What should a smart company do regarding customer complaints to improve the company's customer service in the future?

What should a smart company do regarding customer complaints to improve the company's customer service in the future?a. Make customer complaint policies...

What are international pricing objectives that keep competitors out of a foreign market with low prices?

What are international pricing objectives that keep competitors out of a foreign market with low prices?a. Gray marketingb. Preventionc. Performanced....

Which marketing method uses contests and sweepstakes as the most widely-used promotional technique in foreign markets?

Which marketing method uses contests and sweepstakes as the most widely-used promotional technique in foreign markets?a. Sales promotionb. Direct mail c....

Which appropriate set of steps should companies follow when developing new products for overseas markets?

Which appropriate set of steps should companies follow when developing new products for overseas markets?a. Concept testing, business analysis, market...

How are standardization strategies defined?

How are standardization strategies defined?a. Approaches in which global products are developedb. Approaches that compromise marketing strategiesc. Approaches...

What is one factor that distinguishes market intelligence systems from marketing research?

What is one factor that distinguishes market intelligence systems from marketing research?a. Collecting information in the United Statesb. Collecting...

Which issues was discussed as a concern during the establishment of North American Free Trade Agreement (NAFTA)?

Which issues was discussed as a concern during the establishment of North American Free Trade Agreement (NAFTA)?a. The exclusion of Canada from the agreementb....

Which issues are associated with expatriate compensation?

Which issues are associated with expatriate compensation?a. Collective performance appraisalsb. Language barriersc. Variability in taxes between countriesd....

What is needed when a U.S. company sends an employee to work in a foreign country for several years?

What is needed when a U.S. company sends an employee to work in a foreign country for several years?a. Host country nationalsb. Third country nationalsc....

What is NOT an issue for a business considering outsourcing and offshoring?

What is NOT an issue for a business considering outsourcing and offshoring?a. Wage equality concernsb. Quality of product comparisonc. Costs structure...

What is the name for an organizational structure in which people are grouped simultaneously by function and by divisions?

What is the name for an organizational structure in which people are grouped simultaneously by function and by divisions?a. Functional b. Matrixc....

Which issue can result from creating international divisions in global business?

Which issue can result from creating international divisions in global business?a. Creation of company unityb. Call optionc. Employees considering themselves...

What will an organization structure which inhibits people from clearly knowing if they have decision making authority most likely to do?

What will an organization structure which inhibits people from clearly knowing if they have decision making authority most likely to do?a. Increase innovationb....

What are stateless corporations?

What are stateless corporations?a. Corporations that produce goods in one country and export them to other countriesb. Corporations that source work wherever...

Smalltown Times newspaper has a norm of "highest quality in journalism." In this context, the newspaper's reporters don't require close supervision to do great journalistic work. What is this norm an example of?

Smalltown Times newspaper has a norm of "highest quality in journalism." In this context, the newspaper's reporters don't require close supervision to...

How do interpersonal control systems help manage global business?

How do interpersonal control systems help manage global business?a. By outlining a system of rules and proceduresb. By controlling profit and market share...

How do knowledge management and systems overcome impediments to strategic implementation of global business?

How do knowledge management and systems overcome impediments to strategic implementation of global business?a. By allowing for the ability to write things...

Which arrangement best outlines Miles and Snow's four basic types of longer-term strategic implementation?

Which arrangement best outlines Miles and Snow's four basic types of longer-term strategic implementation?a. Coordinators, reactors, defenders, and prospectorsb....

What do companies use as a blueprint in their strategy formulation and control functions?

What do companies use as a blueprint in their strategy formulation and control functions?a. Statement of goalsb. Missions statementc. Shareholder modeld....

How does the government of a country with a good investment climate attract foreign direct investment (FDI)?

How does the government of a country with a good investment climate attract foreign direct investment (FDI)?a. By passing tariffs that protect domestic...

Mr. Chavez banned U.S. oil company operations in Venezuela. Which cost of foreign direct investment (FDI) is this an example of?

Mr. Chavez banned U.S. oil company operations in Venezuela. Which cost of foreign direct investment (FDI) is this an example of?a. Prevention of human...

What might government entities use tax revenue generated by foreign direct investments (FDIs) for?

What might government entities use tax revenue generated by foreign direct investments (FDIs) for?a. To decrease domestic competitionb. To reduce povertyc....

What is the primary intention when multinational enterprises (MNEs) invest internationally?

What is the primary intention when multinational enterprises (MNEs) invest internationally?a. To utilize Dunning's eclectic theoryb. To diversify their...

A parent firm provides startup cost, promotional materials, and pricing to its subsidiary firm. Which strategy is this firm using for entering emerging markes?

A parent firm provides startup cost, promotional materials, and pricing to its subsidiary firm. Which strategy is this firm using for entering emerging...

Which entry strategy generally requires a large capital investment and is associated with a high degree of risk?

Which entry strategy generally requires a large capital investment and is associated with a high degree of risk?a. Joint ventureb. Licensingc. Wholly-owned...

What can internal controls protect honest employees from?

What can internal controls protect honest employees from?a. Accusations of improprietyb. Accidentally making errorsc. Discrimination in the workplaced....

Which scandal included improperly adjusting accounting reserves to meet earnings?

Which scandal included improperly adjusting accounting reserves to meet earnings?a. Parmalatb. Enronc. Vivendid. Overtone. WorldCom Answer: c. V...

What is the goal of corporate social responsibility?

What is the goal of corporate social responsibility?a. To apply the informal policies of the companyb. To fulfill federal mandatesc. To follow personal...

What is the result if a large online retailer does NOT secure customer's financial information?

What is the result if a large online retailer does NOT secure customer's financial information?a. Decrease in public trustb. Increase in federal regulationsc....

Why is intellectual property protection critical in today's global business environment?

Why is intellectual property protection critical in today's global business environment?a. To maintain the current level of innovationb. To continue encouraging...

Which risk occurs with a change in political governance?

Which risk occurs with a change in political governance?a. Macropoliticalb. Private corruptionc. Terrorismd. Economic Answer: a. Macropoliti...

What is an economic ideology in which the government or state plays a strong role in the economy, may own stakes in certain businesses, but does NOT aspire to be classless?

What is an economic ideology in which the government or state plays a strong role in the economy, may own stakes in certain businesses, but does NOT aspire...

Which of the following should take place in an effort to successfully conduct business in China?

Which of the following should take place in an effort to successfully conduct business in China?a. Developing personal relationships with high level business...

What example is considered a primary source that can be used to learn about foreign countries' culture?

What example is considered a primary source that can be used to learn about foreign countries' culture?a. Talking to employees who have lived or worked...

What is a component of the forward market?

What is a component of the forward market?a. Spot ratesb. Past rates c. Managed ratesd. Forward ratese. Non-hedge rates Answer: d. Forward ...

What statement of account summarizes all transactions between one country and the rest of the world for a given period of time?

What statement of account summarizes all transactions between one country and the rest of the world for a given period of time?a. Income balanceb. Balance...

Which regional bloc is dedicated to South America?

Which regional bloc is dedicated to South America?a. APECb. CEFTAc. NAFTAd. MERCOSUR Answer: d. MERCO...

How does regional integration affect countries?

How does regional integration affect countries?a. Decreased sustainable developmentb. Less international drug traffickingc. Enhanced social welfared....

Which aspects of economic geography affect international trade?

Which aspects of economic geography affect international trade?a. Size of the countries involvedb. Higher economic barriersc. Reduced specialization of...

What must countries do to create regional economic integration?

What must countries do to create regional economic integration?a. Develop independent operationsb. Have individualized regional strategiesc. Have spatial...

What is NOT a rationale for managing trade?

What is NOT a rationale for managing trade?a. Countertradeb. Mercantilismc. Export cartelsd. National securitye. Infant industry argument Answer: b....

What does trade policy have a direct impact on?

What does trade policy have a direct impact on?a. Infrastructure of large citiesb. The level of inequality in societyc. A country's consumer debtd. The...

Workers from Poland are free to work in the United Kingdom to fill shortages there. What is this scenario an example of?

Workers from Poland are free to work in the United Kingdom to fill shortages there. What is this scenario an example of?a. Trade surplusb. Factor price...

How does foreign direct investment (FDI) create jobs and enhance skills of workers?

How does foreign direct investment (FDI) create jobs and enhance skills of workers?a. By generating losses from capitalb. By increasing tax policiesc....

Which of the following may lead to an increase in the standard of living, according to free-trade theory?

Which of the following may lead to an increase in the standard of living, according to free-trade theory?a. The right to import and export goods freelyb....

Economists have argues that nationals policies should be implemented to help retrain and educate displace workers. How might these efforts affect the displaced workers?

Economists have argues that nationals policies should be implemented to help retrain and educate displace workers. How might these efforts affect the...

What is one argument against globalization?

What is one argument against globalization?a. Collaborative trading will occurb. Jobs will be lostc. Economic control will increased. New industries will...

How has technology bridged the global digital divide?

How has technology bridged the global digital divide?a. By decreasing communication costsb. By increasing stagnant wagesc. By causing job lossd. By limiting...

What do property rights enable buyers and sellers to do?

What do property rights enable buyers and sellers to do?a. Name buildings after themb. Improve their quality of lifec. Increase currency ratesd. Conduct...

What helps make globalization sustainable?

What helps make globalization sustainable?a. Restrictive lawsb. Transparency in government policyc. Rising shipping pricesd. Lin intellectual property...

What do countries with politicians that sustain transparency in global competition tend to have?

What do countries with politicians that sustain transparency in global competition tend to have?a. Firms that resist globalizationb. A system of poor...

How do major international institutions facilitate globalization?

How do major international institutions facilitate globalization?a. By enacting stringent labor lawsb. By placing tariffs on imported goodsc. By weakening...

Which of the following is a characteristic of globalization?

Which of the following is a characteristic of globalization?a. Cultureb. Tax lawc. Trade negotiationsd. Transparency Answer: a. Cult...