Management > EXAM > MGT EXAM FINAL 3 ALL ANSWERS 100% CORRECT SPRING FALL -2022 LATEST GUARANTEE GRADE A+ (All)

MGT EXAM FINAL 3 ALL ANSWERS 100% CORRECT SPRING FALL -2022 LATEST GUARANTEE GRADE A+

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Which of the following terms refers to the unit cost reductions associated with large-sized outputs? 【 economies of scale】 2. Refers to the extent to which a country is girted with such resources as land, labor, and capital? 【 factor endowments】 3. Porter argues that a nation’s firms again competitive advantage if 【 their domestic consumers are demanding】 4. What will happen, according to Paul Samuelson’s critique, if a rich country enters into a free trade agreement with a poor country? 【 the poor country will rapidly improve its productivity】 5. Country A can produce product X, but it can also but it at a cheaper rate from B which produces it move efficiently, which of the following courses of actions is suitable in this situation according to Adam Smith’s 【 Country A should import product X from country B and it should not attempt to produce it at home】 6. A major criticism of the product life-cycle theory introduced by Vernon? 【 The theory’s arguments seem ethnocentric and increasingly outdated】 7. A situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country? 【 Free trade】 8. Main principle of mercantilism? 【 It is in a country’s best interests to maintain a trade surplus】 9. A country has an absolute advantage in the production of a product when it 【 is more efficient than another country in producing it】 10. True of the Leontief Paradox? 【 It raised questions about the validity of the Heckscher-Ohlin theory】 11. Seeks the best people for key jobs throughout the organization, regardless of nationality.【 geocentric staffing policy】 12. Management development programs aim to 【 build a unifying corporate culture】 13. The most important advantage of using a geocentric staffing policy? 【 It enables the firm to build a cadre of international executives who feel at home working in a number of cultures】 14. A foreign service premium is 【 the extra pay that an expatriate receives for working outside his or her country of origin】 15. Cultural myopia refers to a firm’s failure to 【 understand host-country cultural differences】

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