International businesspeople need to know that the country in which they are doing business follows ______________ and not the rule of a political dictatorship or ruling elite.
Fill in the blank(s) with the appropriate word(s).
the rule of law
Rule of law suggests that investments will be protected and property rights respected.
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Answer the following statements true (T) or false (F)
1.The price-specie-flow mechanism illustrated why nations could not maintain trade surpluses or trade deficits over the long run. 2.The marginal rate of transformation equals the absolute slope of a country's production possibilities frontier. 3.Assume that Germany has higher labor productivity and higher wage levels than France. Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential. 4.Ricardo's theory of comparative advantage does NOT take into account demand conditions when determining relative commodity prices. 5.If Canada has a higher wage level and higher labor productivity than Mexico, Canada will necessarily produce a good at a higher labor cost than Mexico.
Which of the following are designed to elicit a preferred response in a nonsales situation?
A) Persuasive business messages B) Persuasive marketing messages C) Sales and marketing messages D) Direct messages E) Indirect messages
The following are exceptions to the Statute of Frauds requirement under the UCC that contracts
for the sale of goods of $500 or more must be in writing except: A) Part acceptance of goods. B) Admissions in pleadings or court. C) Specially manufactured goods. D) A, B, or C. E) A or B only.
Which of the following statements on an operations schedule is BEST?
A) It determines when employees work. B) It assigns employees to tasks depending on availability. C) It assigns customers to a definite time for order fulfillment. D) It assigns jobs to workstations or employees to jobs for specified time periods.