ricardos theory makes fewer simplifying assumptions compared to heckscher-ohlin
theory.
an individual with a strong sense of personal ethics is less likely to behave in an
unethical manner in a business setting.
a manager receives a bonus because the national operating subsidiary, that she is in
charge of, exceeds its performance target. this is an example of an incentive.
by its very nature, licensing increases a firms ability to utilize a coordinated strategy.
The age of a foreign subsidiary has no influence on payment of dividends.
Managing an international business is much easier than managing a domestic business.
countries adopting a pragmatic stance pursue policies designed to maximize the
national benefits and minimize the national costs.
according to paul samuelsons critique, a poor country will rapidly improve its
productivity if a rich country enters into a free trade agreement with it.
differences in technical standards constrain the globalization of markets.
Which of the following is NOT a consequence of the reduction in trade barriers and
restrictions on FDI since 1950?
A.Firms are dispersing parts of their production process to global locations to drive
down production costs and increase product quality.
B.The economies of the worlds nation states are becoming more intertwined.
C.Nations are becoming more independent of each other for important goods and
services.
D.The world has become significantly wealthier since 1950.
modern socialism has been popularized largely through the work of ____.
a.adam smith
b.karl marx
c.david hume
d.thomas hobbes
which of the following statements about the choice of distribution strategy is true?
a.the longer a channel, the greater the aggregate markup, and the higher the price that
consumers are charged for the final product
b.if price is an important competitive weapon and if the firm does not want to see its
profit margins squeezed, other things being equal, the firm would prefer to use a longer
channel
c.the shorter a channel, the greater the aggregate markup, and the higher the price that
consumers are charged for the final product
d.an international business must use shorter channels in countries where the retail sector
is fragmented and longer channels in countries where the retail sector is concentrated
the research and development division of a company has recently designed a new coffee
vending machine that is likely to sell very well in the market. it is compact,
user-friendly, and provides unprecedented efficiency in terms of cost per cup.
consequently, the company fears that its competitors would soon mimic the design of
their product and to protect its product, it is now seeking a _____ for the same.
a.copyright
b.patent
c.trademark
d.certification
the norms and values systems that are shared among the employees of a company are
referred to as:
a.processes
b.control systems
c.incentives
d.organizational culture
a retail store credited the sales account for the sales price and the amount of sales tax on
sales. if the sales tax rate is 5% and the balance in the sales account amounted to
$189,000, what is the amount of the sales taxes owed to the taxing agency?
a.$180,000
b.$189,000
c.$9,450
d.$9,000
sales taxes collected by a retailer are recorded by
a.crediting sales taxes revenue
b.debiting sales taxes expense
c.crediting sales taxes payable
d.debiting sales taxes payable
wolford company borrowed $750,000 from u.s. bank on january 1, 2011 in order to
expand its mining capabilities. the five-year note required annual payments of $195,327
and carried an annual interest rate of 9.5%. what is the balance in the notes payable
account at december 31, 2012?
a.$750,000
b.$490,059
c.$625,923
d.$607,500
in a(n) _____ economy the government plans the goods and services that a country
produces, the quantity in which they are produced, and the prices at which they are
sold.
a.market
b.command
c.open economy
d.laissez-faire
A U.S. Investment firm, Fin-Smart, set up a customer service call center in India to take
advantage of the lower labor costs. This is called ____.
A.homogenizing markets
B.vertical integration
C.outsourcing
D.horizontal integration