Answer the following statements true (T) or false (F)
1. The official melding of the national currencies of the European Union into one currency, the euro, created the European monetary union in 2002.
2. Mercosur is a major South American trading bloc that includes countries that account for more than half of the total of Latin America's GDP.
3. The Mercosur is a major European trading bloc that includes former Soviet bloc countries in Eastern Europe.
4. Multinational companies are firms that have international assets but operations in domestic markets only and draw part of their total revenue and profits from such markets
5. In 2003-2004, the United States signed a regional trade pact with the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua called the Central American Free Trade Agreement or CAFTA.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Internal controls guarantee the accuracy and reliability of accounting records.
Answer the following statement true (T) or false (F)
The basic idea of a flexible approach to situational leadership is that ______.
a. a leader should alter his leadership style to fit the needs of the situation b. followers should alter their style to fit the needs of the situation c. a leader should work to change the situation d. a leader should do whatever it takes to get the job done
One reason for an imprecise person-job fit is that
A. both people and organizations change. B. people tend to change while organizations do not. C. people and organizations tend to be consistent. D. people prefer stability while organizations embrace change. E. there is similarity in skills required for different jobs.
Market-directed economies tend to provide consumers with greater freedom of choice than command economies.
Answer the following statement true (T) or false (F)