Which of the following should be included in the business description?
a. the name of each investor
b. industry background
c. potential disadvantages of the venture
d. a list of suppliers
ANSWER: b
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Which of the following modes of entry into a foreign market involves the maximum commitment and risk?
A) franchising B) direct investment C) joint ventures D) licensing E) direct exporting
The Accounting Principles Board issued Opinions between:
a. 1959-1973. b. 1939-1959. c. 1973-present. d. 1966-1976. e. None of the answers are correct.
When evaluating secondary data, the ________ criteria asks the question of "why the data were collected in the first place."
A) nature B) objective C) error/accuracy D) currency
Which of the following describes Phase 2 of the emergence of a third culture?
A. Initial contact may result in the person withdrawing from the other person (or culture). B. The parties evaluate the need for continued interaction. C. Norms for interaction have evolved to the point where they feel “natural” to both parties. D. Interdependence results in more nuanced development and maintenance of a third culture.