16. Values are? O A) personally or socially held core beliefs that are consistent within a given culture O B) the beliefs that dictate a person's behavior, which are often derived from a religious code of conduct OC) personally or socially preferable modes of conduct or states of existence that tend to persist over time O D) the innate sense of what a person considers to be right or wrong in terms of his or her own conduct when dealing with others
16. Values are? O A) personally or socially held core beliefs that are consistent within a given culture O B) the beliefs that dictate a person's behavior, which are often derived from a religious code of conduct OC) personally or socially preferable modes of conduct or states of existence that tend to persist over time O D) the innate sense of what a person considers to be right or wrong in terms of his or her own conduct when dealing with others
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:16. Values are?
O A) personally or socially held core beliefs that are consistent within a given culture
O B) the beliefs that dictate a person's behavior, which are often derived from a religious code of conduct
O C) personally or socially preferable modes of conduct or states of existence that tend to persist over time
O D) the innate sense of what a person considers to be right or wrong in terms of his or her own conduct when dealing with others
DUESTION 12
The administrative, marketing, and manufacturing operations that many international firms, multinational firms, and transnational firms have around the world are often called?
A) subsidianes
B) global-marketing outtets
C) departments
D) marketing markets

Transcribed Image Text:19. According to Figure 7-4 above, point D would most likely represent which option for entering the global marketplace?
Hgher
Profit
potential
Lower
C
D
Lees
Amount of a fr's fnancal commment, k, and makting coneol
Most
O A) exporting
O B) joint venture
O C) direct investment
O D) tranchising
QUESTION 20
20. Licensing refers to?
O A) offering the right to a trademark, patent, trade secret, or other similarly valued items of intellectual property in return for a royalty or a fee
O B) contracting with a foreign firm to manufacture products according to certain specifications
O C) a foreign country and a local firm investing together to create a local business
O D) having a company handie its own exports directly without intermediaries
QUESTION 18
18. According to Figure 7-4 above, point C would most likely represent which option for entering the global marketplace?
Higher
Profit
potential
Lower
Least
Amount of a m's tinancial commitment, sk nd marketing control
Most
O A) exporting
O B) joint venture
OC) direct investment
O D) licensing
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