Discuss with a partner the best way to lead a global firm. Which method is better – formalized or cultural leadership? Why?
What will be an ideal response?
Formalized Leadership (control): relies on rules and regulations that indicate the needed level of output; includes a standardized budget and reporting system and policy manuals and applying these tools and standards to local country units.
Cultural Leadership (control): relies on shared beliefs and expectations of personnel in the venture; contains extensive informal personal interaction and training on the corporate culture and the way things are done.
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Which of the following economic characteristics is consistent with a pharmaceutical company?
a. Low barriers to entry. b. High levels of research and development. c. Low profit margins. d. Low business risk.
Sid rents an apartment from Town Homes, Inc. The lease, which ends on May 31, does not include an option for renewal, and Sid and Town do not discuss whether Sid can stay on at the end of the term. On June 1, Sid has
A. an implied option to renew the term. B. a right to remain contingent on notice from Town. C. a right to remain subject to notice to Town. D. no right to remain.
During which phase of the product life cycle do profits start to decline?
A) Maturity B) Growth C) Decline D) Introduction
For a well-diversified investor, an investment with an expected return of 10% with a standard
deviation of 3% dominates an investment with an expected return of 10% with a standard deviation of 5%. Indicate whether the statement is true or false