MGT 448 Final Exam
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15. How does a subsidy influence international trade? 16. FDI flows were steadily increasing from 1975 to 2000, but have been decreasing ever since. 17. All of the following are reasons why firms prefer to acquire existing assets rather than undertake greenfield investments EXCEPT 18. Which of the following is NOT a factor that drives the shift to services in recent times? 19. The Single European Act committed EU countries to adopt a single currency, the euro. 20. The level of economic integration is highest in a 21. An economic union involves all of the following EXCEPT 22. Exchange rates are determined by the demand and supply of one currency relative to the demand and supply of another. 23. This involves the short-term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates. 24. Amber, a French distillery exports its whisky to the U.S. The distillery is paid in dollars, but it cannot be spent in France until they are converted to Francs. So the foreign exchange market is used by this business to 25. It is impossible for "late movers" to compete once the early entrants have become well established. 26. Choosing which markets to enter depends on all of the following factors EXCEPT 27. Which among the following is a first-mover advantage? 28. Issued by the importer, the letter of credit represents a promise of payment. 29. Which of the following is true of reactive firms? 30. Which of the following helps explain why exporters still account for only a tiny percentage of U.S. firms? 31. Source effects and country of origin effects always have a negative impact on the firm. 32. This refers to identifying distinct groups of consumers whose purchasing behavior differs from others in important ways. 33. According to the text, this is probably the most important aspect of cultural differences in a global market. 34. Problems of limited liquidity are limited to less developed nations, which tend to have smaller domestic capital markets. 35. Which of the following capital market players typically earn profits from the interest rate spread? 36. Which of the following observations is true of an equity loan? 37. The return that a firm makes on its invested capital is its profitability. 38. What is profitability?