Discuss the determinants of the success and failure of a firm's exports around the globe.
What will be an ideal response?
The success of a firm's exports around the globe is determined by discovering and leveraging comparative advantages of world-class locations. Managers need to constantly monitor and nurture the current comparative advantage of certain locations and take advantage of new locations. The managers who fail to realize the departure of comparative advantage from certain locations is likely to fall behind. Managers need to be politically active to demonstrate, safeguard, and advance the gains from international trade. They often fail to realize that free trade is not free; it requires constant efforts and sacrifices to demonstrate and advance the gains from such trade.
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What are the common problems with using operational data?
What will be an ideal response?
An acquisition fee cannot be included in the gross capitalization cost
a. True b. False
BoTeckis a full-service technology company. It provides equipment, installation services, and training services. Customers can purchase any product or service separately or as a bundled package. On May 3, Box-Rite Corporation purchased computer equipment, installation, and training for a total cost of $120,000. Estimated stand-alone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. The journal entry to record the sale and installation on May 3 will include
A. credit to Service Revenue of $50,000. B. credit to Sales Revenue for $120,000. C. credit to Unearned Service Revenue of $20,000. D. debit to Unearned Service Revenue of $25,000.
According to the "What Really Works" box, which of the following statements about meta-analysis is true?
a. Meta-analysis is a statistical technique applicable only in a single research study. b. Meta-analysis is of value to all organizational stakeholders. c. Statistics generated through meta-analysis cannot be converted to an understandable format. d. Meta-analysis shows the conditions under which management techniques may work better or worse in the real world. e. Meta-analysis only benefits inexperienced managers.