42. The theory of Absolute Advanta Smith. says that if two countries focus on wh

Question

42. The theory of Absolute Advanta Smith. says that if two countries focus on what they produce best then trade, both e. benefi d. all of the above e. none of the above. exeept: conditions. b- demand o editions. d. technology standards. e. finn strategy, structure and rivalry 44. Which of Hofstede's dimensions focuses on the degree of social inequality considered normal in a society? a, uncertainty avoidance b. individualism versus collectivism. e. power distance. d. e. quality versus quantity of life. issues facing firms trying to institute e social responsibility (CSR) policies include: a. bribery and corruption. b. labor conditions. e. human rights. d. all of the above. e. none of a-c above. 46. We should learn from the movie Going International that: a. establishing personal relationships, even with people from totally different cultural backgrounds, is important to doing business internationally. b. having a mentor (or adviser) is very valuable to someone doing business in a foreign culture. c. business results won't be affected by a manager's cultural mistakes. d. most foreign businesspeople don't want to adapt to our culture. 47. Trade Theory is important to international business managers because: a. it identifies location advantages for building production facilities. b. it points out the advantages of being a first mover. e. managers can take advantage of government policies such as trade barriers. d. all of the above. e. only (a) and (c) above. e. only (a) and (b) above

Explanation / Answer

Was formulated by Adam Smith

Technology standards

Power distance

Labour conditions

Establishing personal relationships, even with people from totally different cultural background, is important to doing business internationally.

It point out the advantages of being a first mover.

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