Which Type of International Industry Manufactures and Sells the Same

question 107

Multiple Choice

Which type of international industry manufactures and sells the same products with only minor adjustments made for individual countries around the world?

• A) consortium industry
• B) global industry
• C) indigenous industry
• D) multi-domestic industry
• E) worldwide industry

Recognize the scope and importance of the foreign exchange market.

Understand the differences between foreign bonds and Eurobonds.

Comprehend the conditions necessary for absolute purchasing power parity.

Recognize the methods of calculating NPV in international finance and their implications.

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Definitions:

Human Capital

A collection of proficiencies, knowledge, or invisible assets owned by individuals that can be leveraged to bring about economic prosperity for themselves, their work environments, or their community.

Compensating Differential

A difference in wages that compensates workers for undesirable aspects of a job, such as hazardous working conditions or undesirable hours.

Labor Supplied

The sum of hours employees are ready and available to work for a specified pay rate.

Skilled Labor

Workers who have obtained specialized training, education, knowledge, and abilities to perform specific tasks.