Duress occurs when one of the parties threatens to do a wrongful act unless the other party

A firm in the International Trade Phase of Globalization:

A) makes all foreign payments in foreign currency units and all foreign receipts in domestic currency units. B) receives all foreign receipts in foreign currency units and makes all foreign payments in domestic currency units. C) bears direct foreign exchange risk. D) none of the above

The authors describe the multinational phase of globalization for a firm as one characterized by the:

A) ownership of assets and enterprises in foreign countries. B) potential for international competitors or suppliers even though all accounts are with domestic firms and are denominated in dollars. C) imports from foreign suppliers and exports to foreign buyers. D) requirement that all employees be multilingual.