one of the successful outcomes of the doha round negotiations has been that many
nations have proceeded with bilateral free trade agreements.
the government of a country takes over the airport security industries following a major
terrorist attack, to improve airport security. this is an example of privatization.
the set of choices the firm offers to its targeted markets is known as the marketing mix.
base pay in most firms is set with regard to global market conditions.
Implementing a fixed exchange rate regime increases the price inflation in countries.
a global standardization strategy is appropriate when a firm is facing low pressures for
cost reduction but high pressure for local responsiveness.
The globalization of the world economy has resulted in a relative increase in the
dominance of U.S. firms in the global marketplace.
great britain, sweden, and france have led the push toward adopting the euro.
when a channel is exclusive:
a.the firm sells and distributes only high-end products
b.it is controlled by market leaders or by firms who have a niche market
c.the firms products are focused only on the elite, upper class customers
d.it is often difficult for a new firm to get access to shelf space in supermarkets
which of the following is a direct consequence of the interdependence between firms in
an oligopoly?
a.increased regulation
b.increased consumer welfare
c.imitative behavior
d.longer product life-cycles
Which of the following observations is true of the Bretton Woods agreement?
A.All countries agreed to fix the value of their currency in terms of gold under the
agreement.
B.The system accepted Pound as the official reference currency against gold.
C.The agreement established a floating system of monetary exchange.
D.Two multinational institutions, World Economic Forum and WTO, were formed
under the agreement.
the benefits of making all or part of a product in-house seem to be greatest when the
firm _____.
a.wants to accumulate dynamic capabilities
b.has highly specialized assets
c.lacks efficiency in some processes
d.faces the risk of strategic inflexibility
on january 1, 2012, $1,000,000, 5-year, 10% bonds, were issued for $1,060,000. interest
is paid annually on january 1. if the issuing corporation uses the straight-line method to
amortize premium on bonds payable, the monthly amortization amount is
a.$8,833
b.$12,000
c.$1,200
d.$1,000
flexible manufacturing technology is also known as _____.
a.six sigma production
b.line production
c.standardization
d.lean production
a _____ is a less rigid form of social stratification in which social mobility is possible.
a.caste system
b.normative system
c.religious system
d.class system
which of the following is the most frequently aired objection to free trade in africa?
a.these economies are too small for free trade to exist
b.these countries are not ready for a full-fledged political union with a common
currency
c.they need to be “protected” by tariff barriers from unfair foreign competition
d.the larger nations like south africa and kenya stand much to lose from free trade and
competition
a _____ brings together those who want to invest money and those who want to borrow
money.
a.consumer market
b.value chain
c.supply chain
d.capital market
the amortization of a bond premium will result in reporting an amount of interest
expense for an interest period that
a.is less than the amount of cash to be paid for interest for the period
b.exceeds the amount of cash to be paid for interest for the period
c.equals the amount of cash to be paid for interest for the period
d.has no predictable relationship with the amount of cash to be paid for interest for the
period
which of the following most likely would be classified as a current liability?
a.dividends payable
b.bonds payable in 5 years
c.three-year notes payable
d.mortgage payable as a single payment in 10 years
which of the following is the most important foreign exchange trading center?
a.london
b.new york
c.tokyo
d.singapore
the adjusted trial balance for hamilton corp. at the end of the current year, 2012,
contained the following accounts.
the total long-term liabilities reported on the balance sheet are
a.$1,365,000
b.$1,350,000
c.$1,465,000
d.$1,450,000
which of the following occurs when lower-cost external suppliers are replaced by
higher-cost suppliers within the free trade area?
a.efficiency gain
b.trade diversion
c.trade deficit
d.trade creation
how can polycentric approach to staffing result in the creation of a “federation” within
the firm? why is this a disadvantage for the firm?
discount on bonds payable is ________________ (deducted from or added to) bonds
payable on the balance sheet. premium on bonds payable is ________________
(deducted from or added to) bonds payable on the balance sheet.
Discuss the significance of the Jamaica Agreement.
what is a currency swap?
how does the ownership structure of newly privatized firms affect its functioning?
what is a capital market? define market makers.