Cmr 244 - Study guides, Class notes & Summaries

CMR 244 EXAM Q & A

Mercantilism, absolute advantage, and comparative advantage are examples of modern theories - Answer-false The theory of comparative advantage states that even if a country does not have absolute advantage in production, the country can still profitably specialize if the country is relatively more efficient. - Answertrue Indian innovation can reduce the price of US software exports and curtail the wage of the US IT worker - Answer-true Managers should monitor and nurture current comparativ...

CMR 244 Final Exam Q’s & A’s

Mercantilism, absolute advantage, and comparative advantage are examples of modern theories - Answer-false The theory of comparative advantage states that even if a country does not have absolute advantage in production, the country can still profitably specialize if the country is relatively more efficient. - Answertrue Indian innovation can reduce the price of US software exports and curtail the wage of the US IT worker - Answer-true Managers should monitor and nurture current comparativ...

T/F: Informal institutions include laws, regulations, and rules - false T/F: firms operating in democracies almost never confront political risk - false T/F: intellectual property rights (IPRs) include rights associated with patents, trademarks, and copyrights. - true T/F: managers considering working abroad should have a thorough understanding of the formal institutions before entering a country. - true T/F: it is most accurate to apply a specific culture to each country - false T/F: wha...

what 3 risks do businesses face if they do not promote resource sustainability - Answer-physical, repetitional, regulatory what dollar amount determines the international poverty line - Answer-1.90 what can be done in business to achieve gender equality - Answer-establish high-level corporate leadership for gender equality, treat all women and men fairly at work - respect and support human rights and nondiscrimination, ensure the health, safety, and well-being of all women and men by what ...