An example of a positive business climate that might influence a facility location decision is increasing governmental costs and increasing property taxes.

Answer the following statement true (T) or false (F)


False

Increasing governmental costs and increasing taxes are not mentioned as being part of a positive business climate.

Business

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Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and

possession to take place on May 1, 2011." Abyan signed the napkin. On May 1, 2011, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be: a. Abyan will win because the writing is not sufficient under the statute of frauds. b. Derek will win because the writing is sufficient under the statute of frauds. c. Abyan will win because Derek did not sign the writing. d. Derek will win because the statute of frauds does not apply to this situation.

Business

Primark, an Irish clothing retailer, uses an overall cost leadership strategy. This could fail if it

A. cannot maintain parity on differentiation dimensions requested by customers. B. increases its sales prices while maintaining competitor parity. C. exceeds customer expectations. D. maintains parity with competitors on low cost.

Business

In a typical international trade transaction, the order of activity would be which of the following?

A) The foreign buyer places an order; The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The buyer's bank submits payment to the manufacturer's bank. B) The domestic manufacturer ships to the buyer; The buyer's bank submits payment to the manufacturer's bank; The foreign buyer places an order; The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance. C) The foreign buyer places an order; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The domestic manufacturer ships to the buyer; The buyer's bank submits payment to the manufacturer's bank. D) The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The foreign buyer places an order; The buyer's bank submits payment to the manufacturer's bank.

Business

Organizational ________ consists of the shared values and assumptions of how its members will behave.

A. capital B. culture C. development D. climate

Business