What rationales do U.S. nonexporting firms often offer to explain their avoidance of foreign markets?
What will be an ideal response?
Answers may vary, but two major reasons U.S. firms give for not exporting are their preoccupation with the vast American market and a reluctance to become involved in a new, unknown, and therefore risky operation. When managers of nonexporting firms are probed further on why they are not active in international markets, they generally mention the following three areas in which they lack knowledge: locating foreign markets, payment and financing procedures, and export procedures. The answer should cover these points and perhaps support them with examples.
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_________ refers to the importance of an item to financial statement users in terms of its relevance to decision-making.
a. Comparability b. Materiality c. Consistency d. Objectivity
Acme Global has decided on a statement that identifies what they expect their business to become within 6 years. Acme Global is identifying its:
A. Goals B. Mission C. Vision D. Environmental awareness E. Occupational direction
Which of the following statements regarding critical paths is true?
A) The shortest of all paths through the network is the critical path. B) Some activities on the critical path may have slack. C) Every network has only one critical path. D) On a specific project, there can be multiple critical paths, all with exactly the same duration. E) The duration of the critical path is the average duration of all paths in the project network.
Describe any four types of risk that projects may hold
What will be an ideal response?