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Potential members of a negotiating team should be assessed at the selection stage for flexibility, perspective-taking ability, cultural intelligence, and positivity. Explain why each of these qualities equips managers to negotiate effectively in international business negotiations. What assessment methods would you recommend to determine whether a candidate possesses these qualities? Please provide a thorough response in one or two paragraphs, using appropriate terminology.
What are transnational corporations (TNCs, or multinational corporations, MNCs) and how are they different from other business firms? Why have the MNCs become more important in international political economy during the past three decades? How have r..
Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. The cost of making the first whale is $19,000—$8,000 for materials and $1..
A new computer has a 4 year life span with an initial cost of $1,200 and a $200 salvage value. According to the straight-line depreciation method, what would the annual depreciation on the computer be? You buy a used Tesla Model S for $30,000. It is ..
Suppose the People's Bank of China wishes to peg the rate of exchange of its currency, the Yuan, in terms of the U.S. dollar. In each of the following situations, should it add to or subtract from its dollar foreign exchange reserves? Why? a. U.S. pa..
Economists frequently point out that factor movements between two countries can be a substitute for goods movements between the countries in terms of the impact on relative factor prices in the countries. Explain why the two types of movements can be..
Do you think bonus depreciation is too generous to the business community or is it necessary to continue to stimulate the economy?
Refer to the following table. The externality created by the production of refrigerators was $100. However, once both the private and additional external costs were taken into consideration, the market price increased by only $50. If the external cos..
What does EACH of the following theories recommend in regard to prevention of alcohol abuse and the rehabilitation of alcoholics: biological; psychiatric; psychological; rational choice; and learning/socialization?
If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:
How are the forecasts likely to be inaccurate? What do you think is driving inaccuracy? How might this problem be solved?
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why dont the rms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill. How would you value the goodwill that is obtained in this way?
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