________ refers to a contract provision that designates a certain state's law or country's law that will be applied in any dispute concerning nonperformance of the contract.
A. Choice of law clause
B. Forum-shopping
C. Arbitration clause
D. Forum selection clause
Answer: A
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Two opposing pressures that managers face when they compete in foreign markets are: cost reduction and adaptation to local markets.
Answer the following statement true (T) or false (F)
Which of the following tests evaluates such factors as entry barriers, supplier bargaining power, and the number of substitute products available?
A. The just-like-me test B. The better-off test C. The attractiveness test D. The cost-of-entry test
Informal communications in a negotiation can take place in what way?
A. communicate directly to the other party's constituency B. communicate through superiors C. communicate through intermediaries D. All of these choices are correct.
An agreement to pay a public officer something extra for performing his official duty is enforceable
a. True b. False Indicate whether the statement is true or false