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Question
The major function of the World Bank is to serve as a:
A. nonprofit banking cooperative for its members to meet development needs.
B. central bank for the world's central bankers.
C. nonprofit cooperative to finance the educational needs of its members.
D. investor of funds in global businesses in order to create value for its shareholders.
Answer
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Related questions
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According to the text, the product is the central focus of the marketing mix.
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The extent of the changes in the marketing mix a firm must make when going overseas depends on the country, the political forces, and the degree of market penetration desired by management.
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The various methods of communicating with the firm's publics to secure a favorable impression are:
A. advertising.
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Although air freight rates are usually higher than ocean freight rates, air freight may be less costly for a firm. Explain why this statement is correct or incorrect.
Newcomers to exporting might assume that ocean freight is a better choice than air freight because ocean freight is so much cheaper. Comparison of total costs of each mode may suggest otherwise. Total cost components that may be lower for air freight include insurance rates, because of much less chance of damage during shipment; packing costs, because the shipment does not need the heavier, more costly export packing, which is usually done by an outside firm; customs duties, when calculated on gross weights; replacement costs for damaged goods, again because of the reduced damage risk; and inventory costs, because the rapid delivery by air freight often eliminates the need for expensive warehouses. For example, Mercedes-Benz includes in the price of its luxury sports car Brabus SLR McLaren air freight from Bottrop, Germany, to anywhere in the world. Another cost saving is that machinery shipped by air does not require a heavy coat of grease to protect it from the elements, as does machinery sent by ship. Table 14.2 provides a sample comparison of the cost elements of ocean and air freight. Even when the total shipping costs are higher for air freight, shipping by air may still be advantageous for several reasons:
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The Gold Key Service provided through many American embassies offers companies the following:
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Credit information is available for new exporters through all of the following except:
A. Dun & Bradstreet.
B. the FCIB (Finance, Credit, and International Business Association).
C. the exporter's bank.
D. the SBA (Small Business Administration).
E. all of the above.
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A confirmed letter of credit guarantees payment to the seller.
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On an open account, the buyer assumes all of the payment risk.
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Some nations, especially in Asia, follow the Carlos Calvo doctrine, which protects them against fraud.
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CIF and CFR terms are more convenient for foreign buyers because they merely have to add the import duties, landing charges, and freight from the port of arrival to their warehouses to establish their cost.
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Former British prime minister Tony Blair led the privatization movement.
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When the U.S. military contracts out security details in war zones, it is engaged in privatization.
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International business can be a powerful political force, in part because:
A. a recent Supreme Court ruling in the United States allows corporate contributions to political races.
B. many top management team members are willing to accept roles with national security agencies.
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Government stability is a characteristic of a government that:
A. makes sudden radical policy changes.
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C. maintains predictability in fiscal, monetary and political policies.
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E. all of A, B, and C.
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Nationalization and privatization are:
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With privatization:
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C. state activities are moved into private management through contracts.
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Privately owned companies sometimes complain that government-owned companies have the following unfair advantages:
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To protect an infant industry, trade restrictions might be effective.
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The government officials who make decisions about import restrictions are particularly sensitive to their country's broad population of consumers, who will be hurt by international competition.