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1) Institutional transactions in countries such as China, Poland, Russia, Brazil, India
and South Africa create both huge challenges and tremendous opportunities for
domestic and international firms.
2) How do institutions and resources affect human resource management?
3) Except for Moldavia, all WTO members are now involved in some regional trade
arrangement.
4) When the United States sells products to China, US exporters often demand that they
be paid in the Chinese yuan.
5) Firms that are able to succeed in difficult, harsh, even hostile foreign environments,
established by unfavorable formal and informal rules, possess unique firm-specific
resources and capabilities not shared by competitors.
6) Explain how institutions affect alliances and acquisitions.
7) Staffing, training and development, compensation, and labor relations are main areas
of multinational enterprises.
8) Free market advocates argue that firms may lose their character if they focus solely
on profit maximization.
9) Describe the various norms associated with strategic responses of firms when dealing
with ethical challenges.
10) The economic system of most countries is a market economy.
