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C211 Attempt #2 Study Set (Questions & Answers)|A+ Graded|100% Verified Answers
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C211 Attempt #2 Study Set (Questions & Answers)|A+ Graded|100% Verified Answers
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C211Attempt
#2
Study
Set
The
resource-based
view
of
global
business
differs
from
the
institution-based
view
of
global
business
in
that
the
resource-based
view
_____.
-
ANSWERfocuses
on
the
internal
strengths
on
the
firm
The
_____
of
globalization
suggests
that
globalization
is
neither
recent
nor
one-directional.
-
ANSWERpendulum
view
Globalization
can
be
viewed
as:
-
ANSWERALL
OF
THESE
ANSWERS
-
a
new
force
sweeping
through
the
world
in
recent
times;
a
long-run
historical
evolution
since
the
dawn
of
human
history;
a
pendulum
that
swings
from
one
extreme
to
another
from
time
to
time.
According
to
the
theory
of
absolute
advantage,
under
free
trade,
-
ANSWEREach
nation
gains
by
specializing
in
economic
activities
in
which
a
nation
has
absolute
advantage.
Chile
requires
50
units
of
resource
to
produce
one
ton
of
wine
and
20
units
of
resource
to
produce
one
ton
of
blueberries.
France
requires
30
units
of
resource
to
produce
one
ton
of
wine
and
40
units
of
resource
to
produce
one
ton
of
blueberries.
Which
of
the
following
is
true?
-
ANSWERFrance
has
a
comparative
advantage
in
wine.
Free
trade
is
defined
as:
-
ANSWERThe
idea
that
market
forces
should
determine
how
much
to
trade
with
little
or
no
government
intervention.
Which
of
the
following
is
NOT
a
nontariff
trade
barrier
(NTB)?
-
ANSWERCultural
distance
Protectionism
is
similar
to
mercantilism
as
they
both
advocated
_____.
-
ANSWERgovernment
involvement
in
international
trade
The
_____
principle
advocated
that
governments
should
actively
protect
domestic
industries
from
imports
and
vigorously
promote
exports.
-
ANSWERprotectionism
The
_____
theory
is
based
on
the
assumption
that
the
wealth
of
the
world
is
fixed.
-
ANSWERmercantilism
OLI
advantages
refer
to
a
firm's
quest
for
_____via
FDI.
-
ANSWERownership
advantages,
location
advantages,
and
internalization
advantages
Firms
prefer
FDI
to
licensing
because
FDI_____.
-
ANSWERprovides
the
firm
with
direct
ownership
to
its
foreign
assets
Which
of
the
following
is
a
benefit
of
FDI
to
home
countries?
-
ANSWERLearning
from
operations Which
of
the
following
foreign
exchange
transactions
provide
protection
to
traders
and
investors
from
being
exposed
to
fluctuations
of
the
spot
rate?
-
ANSWERForward
transactions
Foreign
exchange
rates
are
influenced
by:
-
ANSWERALL
OF
THESE
-
interest
rates
and
money
supply;
relative
price
differences
and
purchasing
power
parity;
supply
and
demand
of
the
currencies.
If
an
IMF
member
country
were
to
find
itself
in
a
severe
balance
of
payments
crisis
that
threatened
its
financial
stability,
the
IMF
would
most
likely:
-
ANSWERgive
the
country
a
loan
but
require
the
country
to
make
long-term
policy
reforms.
A
home
appliance
manufacturer
located
in
The
Netherlands
decides
to
open
two
new
manufacturing
plants,
one
in
Poland
and
the
other
in
Thailand.
Its
purpose
is
to
offset
currency
losses
through:
-
ANSWERstrategic
hedging.
Risk
analysis
of
any
country
must
include
an
analysis
of
the
country's:
-
ANSWERcurrency
risks.
Which
of
the
following
is
an
equity
mode
of
entry?
-
ANSWERWholly
owned
subsidiaries
Which
of
the
following
is
a
disadvantage
of
licensing
and
franchising?
-
ANSWERLittle
control
over
marketing
The
following
are
examples
of
location-specific
advantages:
-
ANSWERAll
OF
THESE
-
industry
demand
that
creates
a
skilled
labor
force;
industry
demand
that
facilitates
a
pool
of
specialized
suppliers
and
buyers;
knowledge
spillovers
among
closely
located
firms.
Assume
that
a
firm
is
looking
to
expand
into
a
foreign
market,
but
it
needs
an
opportunity
that
has
low
development
costs
and
little
risk.
Its
best
choice
would
be:
-
ANSWERa
contractual
agreement.
With
regard
to
foreign
market
entry,
the
resource-based
view
argues
that
foreign
firms
need
to
-
ANSWERdeploy
overwhelming
resources
and
capabilities
to
offset
their
liability
of
foreignness.
Which
of
the
following
sets
of
words
describes
the
initial
set
of
actions
a
firm
uses
to
gain
competitive
advantage
and
the
other
firm's
response
to
it?
-
ANSWERAttack,
counterattack
Which
of
the
following
is
NOT
a
method
used
by
competitors
to
signal
their
intention
to
reduce
competitive
intensity
to
other
competitors?
-
ANSWERDeveloping
new
markets
where
there
is
less
competition
The
price
leader's
_____
is
defined
as
sufficient
resources
possessed
to
deter
and
combat
defection.
-
ANSWERcapacity
to
punish
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