Dogs are often pampered in the United States, while they are treated little better than rats in some foreign countries. What type of ethics is at work here?

An early entrant find may find itself at a disadvantage if it:

A. is trying to realize location and experience curve economies. B. incurs low development costs. C. faces a subsequent change in business regulations in the host-country. D. has a core competence based on control over technological know-how. E. considers a greenfield strategy.

Which of the following statements is FALSE?

A) The most common valuation multiple is the price-earnings (P/E) ratio. B) You should be willing to pay proportionally more for a stock with lower current earnings. C) A firm's P/E ratio is equal to the share price divided by its earnings per share. D) The intuition behind the use of the P/E ratio is that when you buy a stock, you are in sense buying the rights to the firm's future earnings and differences in the scale of the firms' earnings are likely to persist.