To Be Successful in a Global Workforce,managers Need to Have

question 65

Multiple Choice

To be successful in a global workforce,managers need to have all of the following skills except:

• A)Engineering thinking skills
• B)Human relations skills
• C)Conceptual and design skills
• D)Understanding of different cultures

Identify the types of investments and operations multinational corporations (MNCs) engage in.

Recognize different ways a company can manage foreign exchange risk.

Understand the concept of political risk and how it impacts international business.

Distinguish between direct and indirect foreign exchange quotes.

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Definitions:

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumers' income.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, in contrast to a normal good.

One-Of-A-Kind

An item or phenomenon that is unique and has no identical counterpart.

Perfectly Inelastic

A market condition where the quantity demanded or supplied does not change regardless of price fluctuations.