Sterling Auto International (Scenario)

question 56

Multiple Choice

Sterling Auto International (Scenario)
Sterling Auto International is a successful car manufacturing company headquartered in Detroit, Michigan. Over the past year, the company implemented multiple efforts to expand its overseas operations. At a recent shareholder's meeting, attendees questioned the CEO's motivations for authorizing certain aspects of the expansion efforts.
-The CEO introduced another overseas effort by noting that it represented an attempt to confront an international competitor. The CEO was most likely referring to which of the following efforts?

• A) a new plant established in Vietnam to benefit from low-cost labor
• B) a sales outlet established in Indonesia, where Sterling could charge more for its products
• C) a marketing and advertising partnership established with a successful French car retailer
• D) a distribution center established in London to preempt the growth of a British car manufacturer

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Definitions:

Default

Failure to fulfill an obligation, especially failure to meet a financial obligation or appear in a legal action.

Time of Attachment

The specific moment at which an interest in property becomes legally enforceable against other parties.

Amount of the Claim

The total sum of money that is being requested or is due in a billing or legal claim.

Custom in the Trade

Established practices and standards widely recognized and accepted within a particular industry.