Which of the following is an advantage of parent-country nationals?
A. Minimizes language and culture problems
B. Allows managers to gain international experience
C. Compensation is generally easier and is based on local pay scale
D. Less expensive than moving someone to the country
E. Better understanding of local business laws, culture, and customs
B. Allows managers to gain international experience
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If the M2 multiplier is currently 8 and people decide to increase the ratio of currency they hold relative to the amount of transactions accounts they hold, the M2 multiplier will
A. not change. B. increase substantially. C. decrease. D. increase slightly.
In the ethical decision-making metric, the question that asks "Would I want the person I admire most to see me doing this?" applies to the
A. person in the mirror test. B. publicity test. C. admired observer test. D. moral mentor test. E. transparency test.
A large advertising agency is planning a national promotion to introduce a new smartphone. Which of the universal functions of marketing is it performing?
A. selling B. buying C. standardization D. financing E. risk taking
Kop Corporation's 5-year bonds yield 6.50%, and T-bonds with the same maturity yield 5.90%. The default risk premium for Kop's bonds is DRP = 0.40%, the liquidity premium on Kop's bonds is LP = 0.20% versus zero on T-bonds, the inflation premium (IP) is 1.50%, and the maturity risk premium (MRP) on 5-year bonds is 0.40%. What is the real risk-free rate, r*?
A. 3.64% B. 3.48% C. 3.00% D. 4.96% E. 4.00%