The forward currency market:
A. allows purchasers to lock in purchases of currencies at known rates.
B. provides governments a way to manage their currency's value.
C. makes trading in several currencies more efficient.
D. helps managers manage domestic debt.
Much of the confusion in the ongoing discussion about whether a global firm can have
global products results from the discussants not clarifying whether they are referring to
A. total product, physical product, or brand name.
B. final product, physical product, or brand name.
C. total product, final product, or brand name.
D. physical product, final product, or brand name.
Plans for the best-or worst-case scenarios or for critical events that could have a severe
impact on the firm are known as:
A. scenario plans.
B. strategic plans.
C. contingency plans.
D. emergency plans.
E. none of the above.
Porter's Diamond Model of national advantage:
A. claims that the ability of local firms in a country to utilize the country's resources to
gain a competitive advantage is based on demand conditions, factor conditions,
substitute products, and firm strategy, structure, and rivalry.
B. links intraindustry trade to relative levels of per capita income.
C. is not affected by chance.