If tastes and preferences are identical for two trading nations, then comparative advantage is the result of
a. technological conditions of the two nations.
b. income levels of the two nations.
c. demand conditions of the two nations.
d. supply conditions of the two nations.
d. supply conditions of the two nations.
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Walgreens Drugstores buys a bottle of shampoo from a wholesaler for $3.25 and then places it on a shelf with a price tag of $4.64. What is Walgreens' markup on selling price (expressed as a percentage)?
A. 30 percent B. 48 percent C. 20 percent D. 43 percent E. 26 percent
According to the categorization of multinational organizations, the role of overseas operations for the international organization is
A. sensing and exploiting local opportunities. B. implementing parent company strategies. C. adapting and leveraging parent company competencies. D. differentiating contributions by national units to integrated worldwide operations.
Burt, a mentally impaired person, is asked by Carl to sign a piece of paper that Carl says is an autograph book. In fact, the document is a note. If later sued on the note by an HDC
A. Burt must pay the note. B. Burt's best defense would be fraud in the execution. C. Burt's best defense would be fraud in the inducement. D. Burt's best defense would be mistake.
Identify the three primary characteristics of a restrictive short-term financial policy.
What will be an ideal response?