International Business 15th Edition

1) Differences in culture, geography, and financial methods make it complicated for MNEs to identify cause-and-effect performance measures. Answer: TRUE Answer: TRUE Answer: TRUE 2) Export intensity, the percentage of total revenues coming from exports, is not always correlated with company size. Answer: TRUE Answer: TRUE Answer: TRUE 3) According to the unity-of-command principle, workers and organizations benefit

1) The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade flows. Answer: TRUE Answer: TRUE Answer: TRUE 2) In a matrix structure, product, functional, or geographic groups compete for resources. Answer: TRUE Answer: TRUE Answer: TRUE 3) Companies that have integrated their supply chains internationally tend to lobby their home governments

1) What role has the IMF played in the Greek financial crisis of 2010-2011? A) setting the value of the drachma B) releasing funds for debt payments C) demanding the sale of state-owned assets D) lowering interest rates for international investors Answer: B Answer: B Answer: B 2) A computer firm has high foreign sales in Asia and

1) Global integration occurs as countries from all over the world decide to cooperate through the ________. A) EU B) NAFTA agreement C) WTO D) CARICOM Answer: C Answer: C Answer: C 2) Which of the following statements about small and medium-sized enterprises (SMEs) is true? A) SMEs are steadily reducing their export intensity ratios B) SMEs make up the

1) A criticism of globalization is that as economic growth increases, too many nonrenewable resources are used Answer: TRUE Answer: TRUE Answer: TRUE 2) In a licensing arrangement, it is rare for companies to agree to a front-end payment to cover technology transfer costs. Answer: FALSE Answer: FALSE Answer: FALSE 3) The functional structure is inappropriate for firms with

1) An effective code of conduct reports results to external stakeholders. Answer: TRUE Answer: TRUE Answer: TRUE 2) Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it. Answer: TRUE Answer: TRUE Answer: TRUE 3) Countries typically establish export restrictions to encourage the development of substitute products. Answer: FALSE Answer: FALSE Answer:

1) Dispersed value chains make sense when costs vary across countries. Answer: TRUE Answer: TRUE Answer: TRUE 2) When a company sells technologically advanced products to global customers, it is more likely to handle distribution itself. Answer: TRUE Answer: TRUE Answer: TRUE 3) The fact that a company is the market leader in one country is no guarantee

1) Which of the following best explains why international business has grown rapidly in the past few decades? A) the end of the political division between the Communist and non-Communist blocs B) greater income equality in most countries C) growing concern about climate change D) increased concerns about terrorism Answer: A Answer: A Answer: A 2) Tyrone is a

1) Risk is an important factor for companies engaged in international business. One way a collaborative arrangement helps minimize risk when operating abroad is by ________. A) reducing the possibility of technological appropriation B) freeing up resources so a company can diversify into more countries C) preventing the entry of new competitors D) eliminating

1) Which of the following is most likely a true statement about organization culture? A) Many organizations use a robust organization culture to create consistently high performance B) Fewer and fewer companies allow an organization's culture to emerge naturally C) Typically, managers from different countries have values similar to those endorsed by the

1) If a brand name becomes generic in one country, it becomes generic in other countries as well. Answer: FALSE Answer: FALSE Answer: FALSE 2) A company would most likely outsource abroad in order to gain access to more domestic products. Answer: FALSE Answer: FALSE Answer: FALSE 3) Good scanning helps managers avoid the need to make a

1) Import substitution is a program promoting local production of products that would otherwise be imported. Answer: TRUE Answer: TRUE Answer: TRUE 2) Trading activity has increased in recent years due to the growing importance of foreign exchange as an alternative asset and the expanded emphasis on hedge funds. Answer: TRUE Answer: TRUE Answer: TRUE 3) In most

1) As a Japanese MNE, Sony is more likely to use ________ to evaluate performance of its foreign operations. A) quality targets B) market share C) ROI D) sales Answer: D Answer: D Answer: D 2) Forecasters must predict the magnitude, direction, and ________ of an exchange rate change or movement. A) length B) timing C) altitude D) depth Answer: B Answer: B Answer: B 3) American hamburgers,

1) At Fidelity Enterprises, raw materials, parts, and components are acquired from suppliers as they are needed in the manufacturing process so that Fidelity does not have to store large inventories. Which of the following does Fidelity most likely use? A) just-in-time (JIT) B) total quality management (TQM) C) six Sigma D) acceptable quality

1) Which of the following is NOT a major reason that companies adopt IT systems? A) maintaining effective arms' length relationships with customers B) producing high-quality products quickly and efficiently C) communicating effectively with suppliers D) managing inventory levels proficiently Answer: A Answer: A Answer: A 2) The balanced scorecard is ________. A) an average of foreign-exchange rates B) an

1) A company can best benefit from a first-mover advantage by moving into a small country, before entering a much larger country. Answer: FALSE Answer: FALSE Answer: FALSE 2) The balance of trade is a record of a country's international transactions that take place among companies, governments, or individuals. Answer: FALSE Answer: FALSE Answer: FALSE 3) Production location

1) The ________ the level of the company at which managers make decisions, the more that organization is ________. A) higher; decentralized B) lower; centralized C) higher; centralized D) higher; unstructured Answer: C Answer: C Answer: C 2) According to the research described in your text, which of the following is among the factors that would increase a firm's probability

1) Electronic data interchange (EDI) is an online collaboration model that brings manufacturers, distributors, value-added retailers, and customers together to execute trading transactions. Answer: FALSE Answer: FALSE Answer: FALSE 2) Many products' location of production will shift internationally as the products go through their life cycle. Answer: TRUE Answer: TRUE Answer: TRUE 3) The three major responsibilities of

1) Tax law variations around the world affect an MNE's capital budgeting, financing, and method of setting transfer prices. Answer: TRUE Answer: TRUE Answer: TRUE 2) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks Answer: TRUE Answer: TRUE Answer: TRUE 3) E-commerce facilitates the ability of consumers

1) Collaborative agreements allow companies to specialize more in those activities that best fit their competencies. Answer: TRUE Answer: TRUE Answer: TRUE 2) The more partners in a joint venture, the more complex the management of the arrangement will be. Answer: TRUE Answer: TRUE Answer: TRUE 3) The most common type of tariff is the export tariff. Answer: FALSE Answer:

1) One advantage of importing is that an importer can diversify its operating risks by developing alternative suppliers. Answer: TRUE Answer: TRUE Answer: TRUE 2) A Eurocurrency is any currency that is banked outside its country of origin. Answer: TRUE Answer: TRUE Answer: TRUE 3) Governments sometimes prohibit foreign acquisitions because they fear market dominance by foreign enterprises. Answer:

1) When using a budget for foreign operations, it is important for the parent company to select an exchange rate to set the budget and use that same rate to evaluate performance. Answer: FALSE Answer: FALSE Answer: FALSE 2) An important business objective for pursuing ethical behavior is to create a better relationship with corrupt

1) Companies often face problems repatriating executives from foreign assignments to the home nation due to which of the following? A) The vacant position cannot be filled overseas B) The firm must increase compensation substantially C) Different departments compete excessively to hire the repatriated manager D) The returning expatriate has less social status and

1) Anderson Enterprises is a U.S. firm that manufactures light fixtures for commercial and residential consumers. Anderson is looking to expand internationally, so the firm should most likely ________. A) focus on developing new recruitment strategies and selection tests B) change their organizational structure to fit the norms of the foreign country C)

1) ________ focus on offering banking and other financial services to nonresident customers. A) Subsidiary banks B) Branch banks C) Affiliated banks D) Offshore financial centers Answer: D Answer: D Answer: D 2) Which of the following is a primary business objective for pursuing ethical behavior? A) avoiding industrial sanctions B) developing competitive advantages C) developing creative advertisements D) discouraging false commitments

1) The opportunity to increase profitability is the primary reason that firms decide to export. Answer: TRUE Answer: TRUE Answer: TRUE 2) The protection of intellectual property rights is very similar from country to country. Answer: FALSE Answer: FALSE Answer: FALSE 3) Although the broadening of product lines increases distribution efficiencies, too broad a line can create problems

1) The requirement by the U.S. government that its subsidiaries abroad comply with trade restrictions with Cuba is an example of externalities. Answer: FALSE Answer: FALSE Answer: FALSE 2) A company with limited resources is more likely to achieve national distribution within a small country than within a large country Answer: TRUE Answer: TRUE Answer: TRUE 3) When

1) Under the ________ form of totalitarianism, the regime confines itself to political control of the state. It does not regulate the economic and social structure of society. A) fascist B) communist C) theocratic D) authoritarian Answer: D Answer: D Answer: D 2) A bond that is issued by Nestle, a Swiss company, which is denominated in yen

1) A geocentric staffing policy is one in which all key management positions throughout the company's global operations are filled by host-country nationals. Answer: FALSE Answer: FALSE Answer: FALSE 2) A company that prices its products at a desired margin over cost is using a cost-plus strategy. Answer: TRUE Answer: TRUE Answer: TRUE 3) An argument for limiting foreign

1) When income inequality is high in a specific country, the per capita GDP figures are more meaningful. Answer: FALSE Answer: FALSE Answer: FALSE 2) Most cultural variables are universal. Answer: TRUE Answer: TRUE Answer: TRUE 3) The infant-industry argument for trade protection holds that an industry needs government protection from imports until it becomes competitive enough in

1) Each country in NAFTA sets its own tariffs to the rest of the world. Answer: TRUE Answer: TRUE Answer: TRUE 2) Stockholders are typically more interested in corporate social responsibility than in earning profits. Answer: FALSE Answer: FALSE Answer: FALSE 3) A multidomestic strategy makes the most sense for companies that see high pressures for local responsiveness and

1) There is a strong relationship between skewed income distributions and the split between those who live in urban settings versus those who live in rural areas. Answer: TRUE Answer: TRUE Answer: TRUE 2) A differentiation strategy works well in situations where there are many ways to differentiate a product or service and many

1) The ethnocentric and polycentric staffing policies, unlike the geocentric staffing policy, rely on extensive use of expatriate managers. Answer: FALSE Answer: FALSE Answer: FALSE 2) A polycentric staffing policy is well matched with a transnational strategy. Answer: FALSE Answer: FALSE Answer: FALSE 3) The IMF's primary role is to identify exchange rate regimes. Answer: FALSE Answer: FALSE Answer: FALSE 4) Trade

1) JIT is the process of sourcing raw materials and parts just as they are needed in the manufacturing process. Answer: TRUE Answer: TRUE Answer: TRUE 2) An advantage of collaborative agreements is the ability to spread faster geographically. Answer: TRUE Answer: TRUE Answer: TRUE 3) Mobile Technology is a company that sees the world as a single

1) Which of the following is a statement that summarizes all economic transactions between a country and the rest of the world during a given period of time? A) trade deficit B) Gini coefficient C) balance of payments D) purchasing power parity Answer: C Answer: C Answer: C 2) Jordan Jewelry is a U.S. firm that designs, manufactures,

1) Uneven income distribution ________. A) exists in almost every country B) is largely a problem for poorer nations C) primarily affects people in urban settings D) is limited to a small share of the world population Answer: A Answer: A Answer: A 2) Tom, a manager at an MNE, has been given the task of identifying a

1) Although countries are similar in terms of having a mandatory retirement age, they differ in what that age is. Answer: TRUE Answer: TRUE Answer: TRUE 2) The Eurocurrency market is a retail, rather than wholesale, market. Answer: FALSE Answer: FALSE Answer: FALSE 3) Under mercantilism, colonial powers sought to run trade surpluses with their colonies by preventing

1) An advantage of locating operations where there are many competitors is that the cluster of competing firms attracts multiple suppliers and specialized personnel. Answer: TRUE Answer: TRUE Answer: TRUE 2) Some companies that opt for the cost leadership strategy plan to sell products below the average industry prices in order to capture market

1) Uneven income distribution is largely a problem confined to poorer nations. Answer: FALSE Answer: FALSE Answer: FALSE 2) A condition that is conducive to low transfer prices from the parent company to the subsidiary and high transfer prices from the subsidiary to the parent company is where the corporate income tax is lower

1) The argument for using protectionism to bring about industrialization in developing countries presumes that gains will occur because the industry will become internationally competitive. Answer: FALSE Answer: FALSE Answer: FALSE 2) Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become

1) The law is often based on imprecisely defined moral concepts that cannot be separated from legal concepts. Answer: TRUE Answer: TRUE Answer: TRUE 2) In the long run, MNEs must adequately meet the needs of all stakeholders in order to prosper and survive. Answer: TRUE Answer: TRUE Answer: TRUE 3) An offer is the right but not the

1) According to experts, stakeholder participation in decision making is effective only in countries with an educated population. Answer: FALSE Answer: FALSE Answer: FALSE 2) In an FX swap, one currency is swapped for another on one date and then swapped back on a future date. Answer: TRUE Answer: TRUE Answer: TRUE 3) Ericsson, the Swedish MNE, was

1) Ownership advantages refer to a firm's specific assets, international experience, and the ability to develop either low-cost or highly differentiated products within the context of its particular value chain. Answer: TRUE Answer: TRUE Answer: TRUE 2) Headquarters management often feels that people within an established operation are the best judge of the operation's investment

1) A company that adapts its marketing to foreign differences without deviating very much from its experience is following a customer orientation. Answer: FALSE Answer: FALSE Answer: FALSE 2) U.S.-based MNEs are not permitted to set budgets and monitor results using the same exchange rate. Answer: FALSE Answer: FALSE Answer: FALSE 3) A growing number of MNEs in

1) The U.N. Global Compact is best described as a(n) ________. A) corruption mandate B) environmental initiative C) external code of conduct D) international trade guideline Answer: C Answer: C Answer: C 2) Why do turnkey operators often require a feasibility study as part of the contract? A) By adding to the cost, they earn more money B) This lessens

1) Vertical and horizontal constraints that segment employees and their tasks within an organization are generally referred to as ________. A) structures B) networks C) boundaries D) classifications Answer: C Answer: C Answer: C 2) An argument against limiting exports to unfriendly countries is that ________. A) the costs of the sanctions are borne by innocent people rather than

1) U.S. and U.K. companies tend to be more transparent than Japanese companies. Answer: TRUE Answer: TRUE Answer: TRUE 2) The essential-industry argument holds that industries with potential export capabilities should be protected. Answer: FALSE Answer: FALSE Answer: FALSE 3) Demand for a country's independently floating currency is a function of the demand for that country's goods, services,

1) The Single European Act set steps to accomplish monetary union in the European Union, including the creation of the euro. Answer: FALSE Answer: FALSE Answer: FALSE 2) The use of JIT does not depend on the quality of incoming parts or the time of their arrival. Answer: FALSE Answer: FALSE Answer: FALSE 3) An arbitrageur is an

1) In a multiple exchange-rate system, the government determines which kinds of transactions are to be conducted at which exchange rate. Answer: TRUE Answer: TRUE Answer: TRUE 2) Major types of indirect intermediaries include export trading companies, distributors, and freight forwarding companies. Answer: FALSE Answer: FALSE Answer: FALSE 3) The theory of absolute advantage holds that there are advantages

1) Horizontal differentiation is concerned with how the managers of a firm decide to divide the company into discrete subunits. Answer: TRUE Answer: TRUE Answer: TRUE 2) Executives from the home office typically demand richer compensation packages and impose higher relocation costs than third-country nationals do. Answer: TRUE Answer: TRUE Answer: TRUE 3) Unlike the geocentric and polycentric

1) A firm's vertical differentiation determines where in its organization structure managers have decided to concentrate decision-making authority. Answer: TRUE Answer: TRUE Answer: TRUE 2) A company that exports products at a price lower than its domestic market price is using a skimming policy abroad. Answer: FALSE Answer: FALSE Answer: FALSE 3) The Chicago Mercantile Exchange and NASDAQ

1) An exception to the PLC theory in terms of production location is often a product with very rapid change in innovation. Answer: TRUE Answer: TRUE Answer: TRUE 2) Most U.S. companies have moved from a total quality management (TQM) approach to an acceptable quality level (AQL) approach. Answer: FALSE Answer: FALSE Answer: FALSE 3) The U.S. dollar is

1) Gross domestic product is the value of production that takes place within a nation's border, without regard to whether the production is done by domestic or foreign factors of production. Answer: TRUE Answer: TRUE Answer: TRUE 2) The Netherlands is an example of a country that is micro-based from an accounting perspective, as

1) Geographical barriers typically affect distribution channels within countries, but they rarely affect distribution channels between countries Answer: FALSE Answer: FALSE Answer: FALSE 2) Companies find it challenging to judge a potential expatriate's adaptability to foreign places, people, and processes. Answer: TRUE Answer: TRUE Answer: TRUE 3) Expatriates are locals from the country of the foreign subsidiary. Answer: TRUE Answer: TRUE Answer:

1) If inflation in the United States is relatively higher than inflation in Japan, and the Japanese government wants to keep the exchange rate fixed between the yen and the dollar, it should most likely ________. A) allow its currency to rise against the dollar B) allow its currency to fall against

1) When comparing economic and demographic variables among countries, one should consider that consumers in developing countries do not necessarily follow the same historical patterns as those in more developed countries. Answer: TRUE Answer: TRUE Answer: TRUE 2) English-speaking peoples account for a larger portion of global output than people who speak any other

1) Endaka, the "high yen," caused financial problems for ________. A) Japanese foreign-exchange reserves B) American foreign-exchange reserves C) Japanese importers D) Japanese exporters Answer: D Answer: D Answer: D 2) All of the following are ways that Coca-Cola has been attempting to increase its global sales EXCEPT ________. A) gaining licenses to use brand names of other companies B)

1) A tariff is the price of a currency. Answer: FALSE Answer: FALSE Answer: FALSE 2) Rationalization is the process of specializing in manufacturing according to product or process. Answer: TRUE Answer: TRUE Answer: TRUE 3) The Washington Consensus promotes democracy, freedom, the rule of man, and human rights. Answer: FALSE Answer: FALSE Answer: FALSE 4) Governmental agencies and nongovernmental organizations monitor

1) Limitation of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole; however, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil This example best illustrates which of the following? A) why smaller countries

1) GATT's contribution to trade liberalization made possible the expansion of world trade in the second half of the twentieth century. Answer: TRUE Answer: TRUE Answer: TRUE 2) A currency sells at a forward premium when the forward rate is greater than the spot rate. Answer: TRUE Answer: TRUE Answer: TRUE 3) A payment to a customs official

1) Although a company may have a good track record with collaborative arrangements, this is of little help when negotiating new collaborative arrangements with different companies. Answer: FALSE Answer: FALSE Answer: FALSE 2) A currency that is pegged to another currency is usually changed on a supply-and-demand basis. Answer: FALSE Answer: FALSE Answer: FALSE 3) A common law

1) Identify and briefly compare the major regional trading groups in Latin America, Asia, and Africa. Answer: a.The major trade group in South America is MERCOSUR. In 1991, Brazil, Argentina, Paraguay, and Uruguay established MERCOSUR. MERCOSUR is significant because of its size; it generates 75 percent of South America's GNP. Another

1) The term collectivism refers to a system that stresses the primacy of societal goals over individual goals. Answer: TRUE Answer: TRUE Answer: TRUE 2) Decentralization has the key advantage of letting decisions be made by those who directly deal with customers, competitors, and markets. Answer: TRUE Answer: TRUE Answer: TRUE 3) The framework that managers use to

1) Home country consumers are typically active in preventing their domestic companies from dumping products into foreign markets. Answer: FALSE Answer: FALSE Answer: FALSE 2) The three levels of quality standards are general, international, and industry-specific. Answer: FALSE Answer: FALSE Answer: FALSE 3) Agricultural subsidies by developed countries impede the competitiveness of agricultural exports by developing countries. Answer: TRUE Answer: TRUE Answer:

1) New configurations of value activities create coordination and control challenges that cannot be addressed by the functionality outlined in a formal structure. Answer: TRUE Answer: TRUE Answer: TRUE 2) The term brain drain describes the export of high-technology products in exchange for low-technology products. Answer: FALSE Answer: FALSE Answer: FALSE 3) Losses to companies from natural disasters are

1) As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business. Answer: TRUE Answer: TRUE Answer: TRUE 2) An effective tariff is the sum of the ad valorem tariff plus the specific duty. Answer: FALSE Answer: FALSE Answer: FALSE 3) If the forward rate for a foreign currency is less

1) Indirect exporters sell goods to a foreign intermediary, who then sells the product in the domestic market to the final consumer. Answer: FALSE Answer: FALSE Answer: FALSE 2) An MNE would most likely benefit from converting local currency into its home-country currency when exchange rates are most favorable so it can maximize its

1) The Big Mac Index suggests that exchange rates should leave Big Mac hamburgers costing the same in the U.S. as abroad. Answer: TRUE Answer: TRUE Answer: TRUE 2) A problem of advertising through media that reach multiple countries is that the product may not be available everywhere it is advertised. Answer: TRUE Answer: TRUE Answer: TRUE 3)

1) The Malcolm Baldrige National Quality Award is an example of a general standard that is presented annually to companies that demonstrate quality strategies and achievements. Answer: TRUE Answer: TRUE Answer: TRUE 2) A civil law system anchors itself in the wisdom of daily experience or, more intellectually, great spiritual or philosophical traditions. Answer: FALSE[/cpmembership] Answer:

1) The range of economic systems in the world today, when represented on a spectrum, has one end anchored by the idea of capitalism, the other with that of socialism. Answer: FALSE Answer: FALSE Answer: FALSE 2) According to EIU research, 37% of the world's populations live in full democracies. Answer: FALSE Answer: FALSE Answer: FALSE 3) A

1) The growth of small-scale production technology will most likely enable small countries to produce products efficiently for their own consumption. Answer: TRUE Answer: TRUE Answer: TRUE 2) The bid is the price at which the trader is willing to sell foreign currency. Answer: FALSE Answer: FALSE Answer: FALSE 3) A major pitfall of exporting is misclassifying products

1) Using a concentrated configuration, an MNE performs value activities in different countries. Answer: FALSE Answer: FALSE Answer: FALSE 2) Most countries' imports account for more than half of their citizens' consumption Answer: FALSE Answer: FALSE Answer: FALSE 3) The balanced scorecard is an approach to performance measurement that closely links the strategic and financial perspectives of a

1) A licensing agreement is a contract for the granting of rights on tangible property. Answer: FALSE Answer: FALSE Answer: FALSE 2) A current account deficit suggests that a country is importing more than it is exporting and building up foreign debt. Answer: TRUE Answer: TRUE Answer: TRUE 3) An independently floating exchange rate is adjusted periodically at

1) The foreign-born population as a percentage of total population is substantial for some countries and insignificant for others. Answer: TRUE Answer: TRUE Answer: TRUE 2) GE's Ecomagination program has enabled the firm to develop a competitive advantage over its competitors. Answer: TRUE Answer: TRUE Answer: TRUE 3) The U.S. government has more than 10,000 tariff classifications and

1) Currency is a major issue in financial reporting because companies must decide in which currency to present their financial information to the general public. Answer: TRUE Answer: TRUE Answer: TRUE 2) Translation of foreign currency financial statements is the process of restating foreign currency financial statements from one currency into another. Answer: TRUE Answer: TRUE Answer:

1) It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa Answer: TRUE Answer: TRUE Answer: TRUE 2) The primary duty of the customs agency of a government is the assessment and collection of all duties, taxes, and

1) NGOs must be recognized by the United Nations in order to do humanitarian work in developing countries. Answer: FALSE Answer: FALSE Answer: FALSE 2) The argument for using import controls to promote exports is partially premised on the assumption that other countries will remove their import restrictions as a result. Answer: TRUE Answer: TRUE Answer: TRUE 3) According

1) LIBOR is best defined as the ________. A) interest rate of the National Bank of London B) short-term interest rate for dollars held in the Eurodollar market C) interest rate of the European Union D) deposit rate that applies to commercial loans in the European Union Answer: B Answer: B Answer: B 2) Chapman Enterprises is an

1) A culture in which people prefer to handle tasks sequentially is a polychronic culture. Answer: FALSE Answer: FALSE Answer: FALSE 2) Germanic and Japanese companies tend to be more optimistic than U.S. and U.K. companies. Answer: FALSE Answer: FALSE Answer: FALSE 3) The most important rationales for NAFTA are geographic proximity and trading importance. Answer: TRUE Answer: TRUE Answer: TRUE 4)

1) None of the new members of the EU has yet been allowed to adopt the euro as its currency. Answer: FALSE Answer: FALSE Answer: FALSE 2) Upon selection of an executive for an expatriate posting, the most common predeparture training involves a range of instructive profiles of major aspects of the host country. Answer: