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Study Resources (Business Management)

1.Do some theories work better than others for different industries? Why? 2.What other industries can you think of that fit one of the three patterns noted in the chapter (dominated by foreign firms, dominated by U.S. firms, or dominated by a combination of U.S. and non-U.S. firms)? 3.Do the same theories work.
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8.What factors influence the accounting procedures a country adopts? 9.How do German firms use accounting reserves? 10.What is the impact of differing accounting standards on the international capital market? 11.What is political risk? What forms can it take? 12.What is OPIC’s role in promoting international business activity? .
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3.Do you agree with the U.S. government’s policies restricting the export of dual-use goods?  Why or why not?  (You may wish to check out the Bureau of Export Administration’s Web site, which details how the bureau operates.) 4.What is the impact on the global economy if governments fail to restore investor’s.
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1.What is international trade?  Why does it occur? 2.How do the theories of absolute advantage and comparative advantage differ? 3.Why are Leontief’s findings called a paradox? 4.How useful are country-based theories in explaining international trade? 5.How do interindustry and intraindustry trade differ? .
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1.What is the oil curse? Why do you think it develops? 2.Why was the World Bank’s participation in the Chad-Cameroon pipeline critical? 3.Does the World Bank have a right to demand that sovereign countries like Chad spend their oil revenues in ways the World Bank deems appropriate? 4.If the World Bank and Chad’s.
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6.Discuss the major types of arbitrage activities that affect the foreign-exchange market. 7.Describe the various forms a bank’s overseas operations may take. 8.What are Eurocurrencies? 9.What are the major characteristics of offshore financial centers? 1.Suppose the Federal Reserve Bank unexpectedly raises interest rates in the United States.  How will this impact the foreign-exchange market? .
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3.Why is intraindustry trade not predicted by country-based theories of trade? 4.Hyundai decided to build a new automobile assembly plant in Alabama. a. What factors do you think Hyundai considered in selecting Alabama as the site for the factory? b. Who benefits and who loses from the new plant in Alabama? c. Is the.
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11.Consider the plight of Mary, the Filipino woman discussed in this chapter (page 125).  In response to the inquiries of Fortune’s reporter, Motorola issued a statement saying it “has a strict policy of adherence to the laws and labor practices in the countries where it operates, in addition to a.
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1.What determines demand for any given currency in the foreign-exchange market? 2.What determines supply of any given currency in the foreign-exchange market? 3.How are prices established in the foreign-exchange market? 4.What is the role of international banks in the foreign-exchange market? 5.Explain the different techniques that firms can use to protect themselves from future.
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6.Are U.S. firms at a competitive disadvantage because they can’t use accounting reserves as German firms do? 7.Map 3.3 presents the relative political riskiness of countries in 2005.  For which countries has political risk changed significantly since then? 1.How easy or difficult was it to identify political or legal forces affecting your.
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1.What is the function of the international monetary system? 2.Why is the gold standard a type of fixed exchange rate system? 3.What were the key accomplishments of the Bretton Woods conference? 4.Why was the IFC established by the World Bank? 5.Why are quotas important to IMF members? .
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9.What is a whistle-blower? 10.Identify and briefly summarize representative laws and regulations that attempt to address international ethics and social responsibility. 1.While people from the same culture are likely to have similar views of what constitutes ethical versus unethical behavior, what factor or factors would account for differences within a culture? 2.Is it.
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6.Explain the impact of the product life cycle on international trade and international investment. 7.What are the primary sources of the competitive advantages used by firms to compete in international markets? 8.What are the four elements of Porter’s diamond of national competitive advantage? 9.How do portfolio investments and FDI differ? 10.What are the three.
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2.How important are communications and computing technologies to the smooth functioning of the foreign-exchange market?  If the technological advances of the past four decades were eliminated—for example, no PCs or satellite telecommunications—how would the foreign-exchange market be affected? 3.Do you expect the U.S. dollar to maintain its position as the dominant.
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10.What is the self-reference criterion? 1.How can international businesspeople avoid relying on the self-reference criterion when dealing with people from other cultures? 2.U.S. law protects women from job discrimination, but many countries do not offer women such protection.  Suppose several important job opportunities arise at overseas factories owned by your firm. These.
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1.Assess the political risks facing foreign oil companies operating in the Niger delta. Should they shut down operation in the area until security improves? 2.What is the responsibility of Western oil companies like Royal Dutch Shell and Chevron to the local community? 3.What responsibility does a company like Fred Olsen Energy have.
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3.People from which countries would likely have similar ethical beliefs as people from England? Why? 4.Under what circumstances is a code of ethics most and least likely to be effective? Why? 5.What do you think is most likely to happen if the ethical behaviors and decisions of a new team of top.
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7.Do multinational businesses ever do socially responsible things that are clearly of no benefit whatsoever to themselves? 8.What are the dangers or pitfalls that might be encountered if a multinational business attempts to be socially responsible, but only in ways that provide direct benefits to its profitability? 9.Under what circumstances, if any,.
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1.An American entrepreneur seeking to sell souvenirs at the 2012 summer Olympics in London pays British Airways, a U.K. carrier, $1,500 for a Los Angeles – London round-trip ticket. 2.The American entrepreneur instead pays United Airlines (an American airline) $1,500 for a Los Angeles – London round-trip ticket. 3.Ford Motor Company (U.S.).
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2.Why do the Sovereign Wealth Funds of Singapore, Abu Dhabi, and China choose to invest in UBS, CITIGROUP, and Morgan Stanley at a time they were performing “poorly”?  Do these investments create any public policy issues? If so, what are they? 3.What happens to an economy when the housing bubble bursts? 4.The.
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4.Calculate the annualized forward premium or discount on the 180-day yen. 5.If you’re planning to go to Japan this summer, should you buy your yen today?  Why or why not? 6.According to the covered-interest arbitrage theory, is the United States or Japan expected to have higher interest rates? 7.According to the covered-interest arbitrage.
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4.How do expropriation and confiscation differ? 5.Why do countries impose restrictions on foreign ownership of domestic firms? 6.What is the difference between “first to invent” and “first to file” patent systems? 7.How do restrictions on repatriation of profits affect MNCs? .
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3.Under what circumstances should international businesspeople impose the values of their culture on foreigners with whom they do business?  Does it make a difference if the activity is conducted in the home or host country? 4.How would you evaluate yourself on each of Hofstede’s dimensions? 5.Assume you have just been transferred by.
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3.Are the potential barriers so great as to keep your firm out altogether?  Why or why not? 4.Do different levels of government (city, state, and federal) pose different political and legal barriers to your firm?  If so, describe these differences. 1.Characterize the types of investments that are most vulnerable to political risk. .
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3.Strategic trade theory applies to industries that are composed of only a few firms worldwide.  List as many industries as possible that fit this description. 4.Refer back to figure 9.2 page 231. What would happen if Japan offered Toshiba a subsidy of $1.5 billion after learning that France granted Areva a.
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3.AFLAC built its dominant position in the Japanese supplemental insurance market because Japanese regulators actively discouraged new entrants into this market. The financial Big Bang policy now encourages new entrants into the supplemental insurance market. What has AFLAC done to protect its market position? What else can AFLAC do? 4.AFLAC is.
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1.Although the American who wrote this story visited Luogang's restaurants voluntarily, many international business practitioners working abroad involuntarily confront things they find odd or offensive.  Suppose you had been invited by a very important customer to the New Eight Sceneries Wild Flavor Food City restaurant.  What would you have done,.
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1.What were your primary sources of information about the three countries?  How easy or difficult was it to find information? 2.Can you think of specific products that are in high demand in the United States that would simply not work in specific other countries because of cultural factors? 3.How do you think.
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1.How important is intellectual property to the world economy? 2.Should the average consumer concern himself or herself with theft of intellectual property? What about the average citizen? The average worker? 3.Does intellectual property theft undermine the workings of the free market system? 4.What is the impact of China’s lack of aggressive enforcement of.
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11.How do political factors influence international trade and investment? 1.In our example of France’s trading wine to Japan for clock radios, we arbitrarily assumed that the countries would trade at a price ratio of one bottle of wine for two clock radios.  Over what range of prices can trade take place.
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9.What is the purpose of a CVD? 10.What are the two definitions of dumping? 1.What are the advantages and disadvantages of an industrial policy? 2.Because of Japan’s success in competing in international markets, it has been the target of numerous complaints that it restricts foreign access to its local markets.  As Japan reduces.
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5.What is social responsibility? 6.What is the difference between ethics and social responsibility? 7.Identify the major areas of social responsibility for international business. 8.What are the four general approaches a firm can take with regard to social responsibility? .
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1.What is culture? 2.What are the primary characteristics of culture? 3.Describe the difference between high-context and low-context cultures. 4.  What are cultural clusters? 5.What are individualism and collectivism?  How do they differ? .
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