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Question
How are spot exchange rates determined?A.By using historical average prices of different currencies
B.By the interaction between demand and supply of a currency relative to other currencies
C.By taking the average of a basket of currencies
D.By government decree
E.By predicting future currency movements
Answer
This answer is hidden. It contains 303 characters.
Related questions
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Under the International Bank for Reconstruction and Development scheme, the World Bank offers low-interest loans to risky customers whose credit rating is often poor.
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Which of the following staffing policies relies extensively on the use of expatriate managers?
A.Global
B.Polycentric
C.Transnational
D.Ethnocentric
E.Localized
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Which of the following strategies is compatible with a geocentric staffing policy?
A.Global standardization strategy
B.Localization strategy
C.International strategy
D.Ethical strategy
E.Global strategy
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Which of the following is an advantage of adopting a geocentric staffing approach?
A.It tends to reduce cultural myopia and enhance local responsiveness.
B.It is inexpensive to implement.
C.It reduces the costs of value creation.
D.It allows all key management positions of a firm and its subsidiaries to be filled by parent-country nationals.
E.It requires minimal documentation for hiring foreign nationals.
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Historically, most international businesses have centralized international labor relations activities.
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A concern of organized labor is that an international business keeps highly skilled tasks in its home country and farms out low-skilled tasks to foreign plants.
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An expatriate's base salary is normally lower than the base salary for a similar position in the home country.
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Unintentional bias makes it easy to evaluate the performance of expatriate managers objectively.
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Transnational firm managers need not be able to detect pressures for local responsiveness because it is not part of their skill set.
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Expatriate managers who lack others-orientation tend to treat foreign nationals as if they were home-country nationals.
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For international firms, an ethnocentric staffing approach is compatible with a localization strategy.
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The fact that many countries want foreign subsidiaries to employ their citizens limits a firm's ability to pursue a geocentric policy.
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In international businesses, firms pursue a polycentric staffing policy because they see it as the best way to maintain a unified corporate culture.
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For a firm to outperform its rivals in the global marketplace, the performance appraisal systems it uses must measure the perceptions that it wants to encourage.
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Describe the influence of integrating research and development, marketing, and production on new-product development.
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Describe how cultural barriers can jeopardize the effectiveness of a firm's international communication.
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Describe the differences in distribution systems in various countries in terms of channel exclusivity.
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A strategy that focuses primarily on increasing the attractiveness of a product is referred to as a low-cost strategy.
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The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products.
Q:
Which of the following statements is true about the changes in the world monetary system since March 1973?
A.The value of the U.S. dollar has never seen a fall ever since.
B.Exchange rates have become much more volatile.
C.Exchange rates have become more predictable.
D.The fixed rate system was adopted to calculate exchange rates.
E.The European Monetary System as an institution has gained more prominence.
Q:
Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson backed an increase in U.S. government spending that was financed by an increase in the money supply, resulting in:
A.increased exports.
B.a rise in price inflation.
C.increased taxes.
D.a positive trade balance.
E.an increase in the worth of currency.
Q:
Which of the following was responsible for the World Bank shifting its focus from Europe to third-world nations?
A.The Great Depression
B.The Jamaica agreement
C.World War II
D.The Marshall Plan
E.The Bretton Woods agreement
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The architects of the Bretton Woods agreement built limited flexibility into the fixed exchange rate system in order to:
A.avoid high unemployment.
B.facilitate competitive currency devaluations.
C.widen balance-of-payments gap between countries.
D.increase money supply and thereby price inflation.
E.avoid balance-of-trade equilibrium between countries.
Q:
Which of the following was a reason that led to the collapse of the gold standard in 1939?
A.Difficulty and complexity in using the gold standard to determine the exchange rate
B.Agreement by governments to convert paper currency into gold on demand at a fixed rate
C.A cycle of competitive currency devaluations by various countries
D.Expansion in the volume of international trade in the wake of the Industrial Revolution
E.The inability of the gold standard to act as a mechanism for achieving balance-of-trade equilibrium by all countries
Q:
Argonia Republic is in trade surplus with Kamboly. Under the gold standard, which of the following statements is true until a balance-of-trade equilibrium is achieved?
A.There will be a net flow of gold from Argonia Republic to Kamboly.
B.The money supply in Kamboly will be reduced due to the flow of gold to Argonia Republic.
C.The prices of the traded goods in Kamboly will increase.
D.The demand for traded goods in Argonia Republic will increase.
E.Kamboly will start to buy more goods from Argonia Republic.
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Processes are the:
A.manner in which decisions are made and work is performed within the organization.
B.metrics used to measure the performance of subunits.
C.devices used to reward appropriate managerial behavior.
D.metrics used to make judgments about how well managers are running the subunits.
E.norms and value systems that are shared among the employees of an organization.
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A firm's profitability is maximized when it:
A.creates products similar to the products of its competitors.
B.strips all the value out of its product offering.
C.ensures that it has the right organization structure in place to execute its strategy.
D.picks a position on the efficiency frontier that is not viable.
E.does not configure its internal operations to reduce costs.
Q:
For a firm to maximize its profitability, it is necessary that it:
A.creates products similar to the products of its competitors.
B.does not configure its internal operations to reduce costs.
C.minimizes the value of the consumer surplus.
D.picks a position on the efficiency frontier that is viable.
E.strips all the value out of its product offering.
Q:
In general, the more value customers place on a firm's products:
A.the lesser the profitability of the firm.
B.the higher the competitive pressure from other firms.
C.the lesser the quality of the product.
D.the lesser the consumer surplus for those products.
E.the higher the price the firm can charge for those products.
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A global standardization strategy makes most sense when there are strong pressures for cost reductions and demands for local responsiveness are minimal.