A speculator engages in a short position by initially selling a currency (that she does not own) at a high price and then buying it back later at a low price.
a. True
b. False
a. True
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All of the following are sources of dynamic gains from trade EXCEPT
a. specialization and the reallocation of existing resources. b. additional savings and investment that occurs over a period of time. c. economies of large-scale production. d. economic stimulus provided by increasing levels of competition.
All of the following aspects of the U.S. perspective limit the ability of U.S. management theories to explain organizational phenomenon in cultures with contrasting orientations EXCEPT:
A. free will beliefs B. low-context communication C. teamwork D. extreme individualism
Constructing messages saying no to emotionally involved receivers is a challenging communication task. Which of the following is the best advice for this task?
A) Use the refusal-before-reason pattern to present the information artfully. B) Place blame where blame is due, including on the customer if he or she is responsible. C) Avoid offering resale information because it may weaken customer confidence. D) Use neutral, objective language to explain the reason the claim is refused.
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the ordering costs are $20 per order, what are the total ordering costs during the 10-day period?
a. $60
b. $3
c. $20
d. $180