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1) If an Azerbaijani importer does not pay an American exporter on time, it is safe to
assume it is being opportunistic because all international transactions must follow the
same guidelines.
2) The main decision made during the first stage of alliance formation is whether
growth can be achieved strictly through market transactions, acquisitions, or
cooperative alliances.
3) An example of low power distance would be when subordinates address their bosses
on a first-name basis.
4) The basis behind the cluster approach is that firms are more comfortable doing
business with other firms in their same cluster.
5) The United States consistently retains a very low level of corruption according to the
Foreign Corrupt Practices Act.
6) It is most accurate to apply a specific culture to each country.
7) The world economy at the beginning of the 21st century is an approximately $55
trillion economy (GDP calculated at official, nominal exchange rates).
8) The best practice for facing currency risk is to have a well thought-out currency
management strategy and plan for both long-run movements and short-run movements.
9) Define three non-tariff barriers and explain their implications.
