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1) The more tacit and hard to describe a firms capabilities, the greater the preference for
equity involvement.
2) MNEs intend to eventually replace even top-level expatriates with HCNs, in part to
save cost.
3) The distinction between equity and non-equity modes is trivial.
4) Civil law is derived from Roman law and was strengthened by Napoleon's France.
5) Adam Smith proposed the theory of comparative advantage.
6) Discuss the challenges faced by the EU member countries sharing a common
currency, the euro.
7) For the Germany-based Siemens, PCNs would be employees from any country other
than Germany.
