. Contract duties are obligations imposed by law. False 2. Contract law reduces the cost of economic transactions. true 3. A quasi-contract is not a contract‚ but a fiction created by the courts to prevent injustice. true 4. An agreement that is illegal is void. True 5. A contract need not be in writing to be enforceable. False 6. Specific performance is a limited remedy as it is only available for breach of contract to sell a unique item. True 7. A _____ is a promise or a set of promises
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________. Answer Selected Answer: Harder to crank engine All overhead valve engines ________. Answer Selected Answer: Have the valves located in the head An SOHC V8 engine has how many camshafts? Answer Selected Answer: Two Horsepower is expressed in units of ________. Answer Selected Answer: Foot-pounds per minute How many rotations of the crankshaft are required to complete each stroke of a four-stroke cycle engine? Answer Selected Answer: One-half
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BUS 350 International Business Assignment #2 Chandler OCT/30/2012 Answer1:Drawing on what we know about the Fisher effect‚ the real interest rate in both the US and South Korea is 2%. The international Fisher effect suggests that the exchange rate will change in an equal amount but in an opposite direction to the difference in nominal interest rates. Hence since the nominal interest rate is 3% higher in the US than in South Korea‚ the dollar should depreciate by 3% relative to the South
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Chapter 01 Globalization True / False Questions 1. (p. 4) The notion that national economies are relatively self-contained entities is on the rise. FALSE 2. (p. 4) For the last 50 years‚ the volume of goods‚ services and investment crossing national borders has consistently expanded faster than world output. TRUE 3. (p. 4) Today‚ the world economy is fast moving toward a world in which barriers to cross-border trade and investment are declining. TRUE 4. (p. 6) The shift toward a more integrated
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Globalization and International Business The Concept of Globalization – putting everything into one village * The process of integration and convergence of economic‚ financial‚ cultural and political systems across the world. * Globalization – refers to the integration and interaction between different people and nations. * Globalization is the process of international integration arising from the interchange of world views‚ products‚ ideas and other aspects of culture. Globalization
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Chapter 8 Quiz 1. If two small perfectly competitive firm merge‚ the merged firm will be a price taker. 2. Which of the following factors affect vertical integration of firms? The transaction cost at each stage of production. 3. Under a horizontal merger the assets of two firms that operate in the same market are put under a single ownership. 4. Which one of these is an example of a onetime investment made by a seller to reduce the transaction cost on all units. 5.
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March 20‚ 2013 Quiz Study Guide 1. 1928 Kellogg-Briand Pact outlawed war as a solution to international rivalry 2. 1932 Stimson doctrine declared that the U.S. would not recognize any territorial acquisition achieved by force of arms 3. Because of the benefits that it conferred on labor‚ Samuel Gompers called the Clayton Anti-Trust Act “labor’s Magna Carta.” 4. Because the United States raised its tariffs in the 1920s European nations raised their tariffs‚ the post war chaos in
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First thing to ask yourself is … “what is the relationship between the two different units?” Here is an example of what I mean. If you are asked to convert 300mg into its equivalent value expressed in grams (g)‚ you first need to determine how many of the smaller units are contained in one of the larger units … in this case we would use the fact that [1g] is equal to [1000mg]‚ or stated another way‚ each 1-gram contains 1000mg. 2) Knowing the relationship between units in a conversion gives you a
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| Correct Marks for this submission: 1/1. Question4 Marks: 1 You own and operate a small pizza shop. The shop has been profitable but it needs renovation. You start the renovation only to discover that a pizza chain has bought a vacant building two blocks away and plans to open a shop within 120 days. Undoubtedly‚ competition will intensify. You decide to accelerate renovation work. You are trying to: Choose one answer. | A. better manage risk by trying to improve your shop significantly
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Slide 2.1 Chapter 2 The Multinational enterprise (MNE) Alan M Rugman and Simon Collinson‚ International Business‚ 5th Edition‚ © Pearson Education Limited 2009 Slide 2.2 The Multinational enterprise (MNE) • Objectives • The nature of multinational enterprises • Strategic management and multinational enterprises • A framework for global strategies: the FSA/CSA matrix. Alan M Rugman and Simon Collinson‚ International Business‚ 5th Edition‚ © Pearson Education Limited 2009
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