Chapter 8 2. Explain the need for an MNC to “be global and act local.” How can a firm design its organization to enable this? In today’s business environment‚ globalization opens doors to new opportunities. More and more companies are going global‚ but not all companies are getting enough advantage of going global. Reason being‚ many firms are unable to respond to the local market. The company design that is in place fails to meet the needs and expectations of local consumers. A product which
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Chapter 9 Multiple-Choice Questions 1. easy a If it is probable that the judgment of a reasonable person would have been changed or influenced by the omission or misstatement of information‚ then that information is‚ by definition of FASB Statement No. 2: a. material. b. insignificant. c. significant. d. relevant. 2. easy b The preliminary judgment about materiality is the amount by which the auditor believes the statements could be misstated and still not affect the decisions
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PF16- 09 Multiple Choice Identify the choice that best completes the statement or answers the question. _C___ 1. According to your text‚ ____ are small technology-based firms operating in international markets within two years of their establishment and realizing as much as 70 percent of their sales outside the domestic home market. a.|"natural globals"| b.|"multinational corporations"| c.|"born globals"| d.|"born multinationals"| e.|"multinational enterprises"| __B__ 2. The Mont Blanc
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| Chapter 9 Chapter Summary/Lecture Organizer | I. STUDYING DEVELOPMENT - Developmental psychology is the study of age-related changes in behavior and mental processes from conception to death (Table 9.1). The chapter takes a topical approach including physical‚ cognitive‚ and social-emotional development.. A. Theoretical Issues – The three most important issues guiding research in human development are: nature versus nurture‚ continuity versus stages‚ and stability versus change
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1. What is the difference between a soft commitment and no commitment? In making no commitment‚ a firm has not taken an action or made an investment that alters its own and/or its rival’s competitive responses. In contrast‚ a soft commitment is one that‚ no matter what its competitors do‚ the firm will behave less aggressively than if it had not made the commitment. Thus‚ in a Cournot game a soft commitment will cause the firm to produce relatively less output‚ while in a Bertrand game a soft
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Protoindustrialization refers to the development of the rural factory system. the strictly agricultural economy that preceded the Industrial Revolution. the employment of laborers who worked at home but in a capitalist system dependent on urban merchants. improvements in machinery and labor relations. the development of systems of transportation and communication necessary for full industrialization. Which of the following was a cause of the American Revolution
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Patrick Henry has been known for his quote saying “Give me liberty‚ or Give me death”. He was significant because he persuaded the American people to stand up for themselves and urged the legislature to take military action. Alexander Hamilton was the leader of Federalists and the first Secretory of Treasury that established a federal bank. John Jay helped with the negotiation of the Treaty of Paris. He served in the Articles of Confederation. And he helped write the Federalist Papers. Later he
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Quiz Ch 22-23 Student: ___________________________________________________________________________ 1. Throughout the 1920s‚ the performance of the U.S. economy A. saw ten straight years of continuous growth. B. struggled with a persistently high rate of inflation. C. saw per capita income flatten while manufacturing output soared. D. saw nearly uninterrupted prosperity coupled with severe inequalities. E. experienced a severe recession in 1923 that lasted two years. 2. In the 1920s‚ the development
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Chapter 9 GDP is the market value of all the final goods and services produced by all firms located in the United States in a given time period Marginal external cost The cost of producing an additional unit of a good or service that falls on people other than the producer. Efficiency Efficiency is achieved when the marginal social benefit equals the marginal social cost. Which of the following best describes an externality? An effect of a transaction felt by someone other than the
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BYP20-9 Information Given Sales Price: 26 Fixed Costs (FC): $4‚000 VC: 7.8 Equipment Lease: $1460 CM: 18.2 $5460 Contribution Margin Ratio: 18.2/26= Members needed to Breakeven: 300 70% Monthly Membership Fee: $26 Part A: Amount of Variable Costs (VC) Required Sales – Variable Costs – Fixed Costs = Net Income 26(300) – VC(300) – 5460=0 7800 – 300VC – 5460=0 2340 = 300VC 7.8 = VC per Unit Variable Costs: 2340 Part B: What are the monthly sales
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