Prima facie evidence of a partnership is the sharing of business profits
Indicate whether the statement is true or false
TRUE
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Suppose, the cost of production of a widget in Mexico is 5 pesos. Assume that initially the exchange rate between the peso and the dollar is 2 pesos per dollar. Later, the exchange rate changes to 2.5 pesos per dollar. In the initial situation, a widget sold in the U.S. would be priced at ____; after the change in the exchange rate, the widget would be priced at ____.
A. $2.50; $2.00 B. $2.50; $3.12 C. $0.50; $0.40 D. $0.40; $0.50
The advantage of benchmarking against your own best employees as you hire new people is ______.
a. You can use you best as a template for hiring new people. b. You can learn what organizations in other industries are doing. c. It helps develop an employee compensation program. d. It aids in the design of your organization’s benchmarking system.
The international product life cycle
A. explains why mercantilism failed. B. explains how international trade in manufactured goods will be linked to gross national income. C. is concerned with the role of innovation in trade patterns. D. requires perfect competition as an assumption underlying successful trade. E. states that a nation will trade goods that can be produced with the production factor that is most abundant.
To marketers, B-Roll footage refers to
A) public service advertising spots that marketers hope the media will broadcast. B) video releases mass media organizations can use in place of real news segments. C) video suitable for only broadband distribution, such as on YouTube. D) videotaped recordings sent to connectors for supplementing and supporting MPR materials. E) pre-video era archival film clips used for entertainment purposes.