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Question
A majority of the total world merchandise trade occurs among ________.
A) middle-income and low-income economies
B) high-income economies
C) newly industrialized countries
D) emerging markets
Answer
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Related questions
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Companies that pursue the low-cost leadership position also try to contain administrative costs and the costs of activities, including marketing, advertising, and distribution.
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A) transnational corporation
B) multinational corporation
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In industries having a limited number of small firms, foreign direct investment decisions frequently resemble a "follow the leader" scenario.
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________ are all goods and services sold abroad and sent out of a country.
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A polycentric staffing strategy can facilitate the transfer of special know-how to branch operations.
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What role does flexibility play in the make-or-buy decision?
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The ISO 9000 is a production technique in which inputs to the production process arrive exactly when they are needed.
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Scenario: Trader's Paradise Trader's Paradise is a global merchant that sells a variety of products. The company operates in forty-eight different countries (some developed, some developing) and some former communist countries. The company faces substantial risks given the differing conditions in foreign exchange markets. When doing business with former communist countries, Trader's Paradise insists on getting paid in a currency that can be traded freely in the foreign exchange market. The price of this currency is determined by the forces of supply and demand. Which of the following is the mode of payment illustrated in this scenario? A) soft currency B) nonconvertible currency C) local currency D) hard or convertible currency
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Which of the following is used by governments for the convertibility of currencies in their countries? A) multiple exchange rates B) countertrade C) import deposit requirements D) OTC market
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Which of the following is NOT one of the top four locations for trading foreign exchange?
A) London
B) New York
C) Tokyo
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An offshore financial center is a territory whose financial sector features very few regulations and few, if any, taxes.
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Securitization is the unbundling and repackaging of hard-to-trade financial assets into liquid financial instruments.
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A) Cultural assimilation
B) Cultural orientation
C) Language training
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Which of the following constitutes the most basic level of training to prepare managers for international assignments?
A) environmental briefings
B) language training
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Explain why a person's ability to bridge cultural differences must be considered during "selection" for international assignments. How can e-Training help in bridging cultural differences?
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Companies typically recruit locally for non-managerial positions.
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The process of reducing the size of an organization's workforce is called decruitment.
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A) Expatriate failure
B) Repatriation
C) Culture shock
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Companies typically recruit ________ to train individuals placed in more demanding non-managerial positions at foreign branches.
A) workers from the local market
B) recent college graduates from the host country
C) qualified third-party nationals
D) specialists from the home country