Answer the following statements true (T) or false (F)
1.Geocentric organizations typically choose to mix in third-country nationals along with parent- and host-country employees.
2.Onshoring is the process of closing operations in other countries and bringing work back to the home country.
3.Culture shock is only experienced by workers moving to foreign countries, never by those returning home.
4.The most common method to manage expatriate compensation is called the balance sheet approach.
5.In the national-plus approach to expatriate compensation, the employee receives compensation based on the host country’s ordinary pay structures and then receive allowances to allow them to more closely match their living standard in their home country.
1.true
2.true
3.false
4.true
5.false
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Last year, XYZ Insurance Company had a combined ratio of 102.4 and lost $10.2 million on the insurance that it sold
The company, however, was required to pay income taxes. The best explanation for this apparent contradiction is that XYZ offset its underwriting loss with A) increased loss reserves. B) investment income. C) increased loss adjustment expenses. D) unearned premiums.
The North American Free Trade Agreement includes ________.
A. Mexico, Canada, and the United States B. Canada, Mexico, and Costa Rica C. the United States, Canada, and Honduras D. Columbia, Mexico, and the United Sates
The current yield for a bond is constant over time because the coupon rate is fixed
Indicate whether the statement is true or false
Most Western nations were on the gold standard for currency exchange rates from 1876 until 1914
Today we have several different exchange rate regimes in use, but most larger economy nations have freely floating exchange rates today and are not obligated to convert their currency into a predetermined amount of gold on demand. Currently several parties still call for the "good old days" and a return to the gold standard. Develop an argument as to why this is a good idea. What will be an ideal response?