Multinational corporations using the ________ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.
A. economic imperative
B. political imperative
C. administrative coordination
D. quality imperative
Answer: B
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During 2016, Penny Co had net income of $200,000 including after-tax interest expense of $30,000 on convertible bonds. The $300,000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1,000 bond. Prior to the conversion, there were 400,000 shares of common stock outstanding. What is the amount of fully diluted earnings per share?
A) $0.500 B) $0.469 C) $0.408 D) not determinable because the bonds are not dilutive
Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:
A. Callable bonds. B. Bearer bonds. C. Sinking fund bonds. D. Registered bonds. E. Serial bonds.
Union for musicians:
A. FMA B. MFA C. AMF D. AFM
Which of the following is a disadvantage of ethnocentrism?
A. It requires a great deal of centralized control over managers. B. Increased tendencies to impose the management style of the parent company. C. It is inappropriate during the early phases of international expansion. D. Cross-cultural adjustment problems of managers and their families.