The Use of Countertrade in International Trade

question 76

Multiple Choice

The use of countertrade in international trade:

• A) allows trade with countries short of hard currency.
• B) reduces a firm's competitive advantage.
• C) could increase the tax liabilities of trading firms.
• D) leads to a loss of revenue.
• E) is considered unethical.

Understand the concept and application of traditional and activity-based costing systems.

Calculate contribution to overhead and profitability ratios.

Comprehend information useful for evaluating the profitability or cost-effectiveness of departmental activities.

Allocate indirect expenses across departments based on various drivers (floor space, ad spots, sales).

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Definitions:

Team Cohesiveness

The extent to which team members are attracted to the group, motivated to stay in it, and perceive themselves as part of the group, enhancing its ability to work effectively.

Positive Relationships

Interpersonal connections that are characterized by mutual respect, trust, and beneficial interactions.

Core Values

Broad beliefs about what is or is not appropriate behaviour.

Adjourning Stage

The adjourning stage refers to the final phase in Tuckman's team development model, where the team completes the task and dissolves, often marked by feelings of accomplishment and sadness.