_____ takes place when a foreign company produces goods to specification set by a domestic company, with the domestic firm's brand name affixed to the goods.
A. Importing
B. Joint venturing
C. Exporting
D. Contract manufacturing
E. Direct investing
Answer: D
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North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to say that North Carolina has a _________sweet potato production relative to Florida.
a. free trade agreement with b. monopoly on c. comparative advantage in d. trade imbalance with
Which method of evaluating capital investment proposals uses the concept of present value to compute a rate of return?
A) Average rate of return B) Accounting rate of return C) Cash payback period D) Internal rate of return
Which of the following is an advantage of third-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. May be less expensive than either parent- or host-country managers E. All of the choice are correct
Brad needs data on external labor supply sources. The best tool for him to use for this would be a staffing table.
Answer the following statement true (T) or false (F)