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When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won, there was little productivity improvement. If incumbent managers were not generally more qualified, how can you explain this result?
Determine some of the technological advances in telecommunications and transportation that have impacted global business in the last decade?
Evaluate the likelihood of conflict and cooperation in the future on issues of transnational crime, health, and environmental problems.
Discuss why would a nation impose a trade embargo on another nation and what are a trade embargo's typical effects?
Is it not right to use the total revenue test for elasticity, when there is a direct relationship in price and total revenue the demand is elastic?
Suppose you are the owner of a small bank in a state that is planning allowing interstate banking. You do not like this because it will be possible for large money center banks in Washington,
Burger King Beefs Up Global Operations
Determine the role would technology play if there was a move to harmonization of accounting standards across countries? Explain your reasoning.
Describe the meaning of efficient markets. Why might we expect markets to be efficient most of the time?
Heuristics are usually identified as rules of thumb that we use when making decisions. We evaluate information we already know, events we have already experienced,
List 3 ways in which rents from quantitative restrictions can be allocated. In which case is the quantitative restriction most harmful for the importing country? b) When the Multifibre Agreement (MFA) expired in 2005, the quality of T-shirts import..
Assume a scenario where you are an entrepreneur considering to expand your production of kitchen gadgets. You require to pay back a loan of $5,000,000 over 5-years.
Determine what evidence do we have that the Central Limit Theorem is true and explain why do so many of life's events share the same characteristics with Central Limit Theorem?
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