Firms engaged in international trade deal with people they may have never seen, who live in different countries, who speak different languages, and who abide by different legal systems. These factors result in:
A. easy tracking of the parties involved.
B. a lack of trust between the parties.
C. strict enforcement of contractual obligations.
D. rapid acculturation.
E. better understanding of how transactions should be configured.
B
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Which of the following is most likely to involve establishment of a new operation in a foreign country?
A. Consolidation B. Greenfield investment C. Acquisition D. Licensing agreement E. Mass customization
What is the name for an automatic loan made to your checking account whenever your account does not contain enough cash to cover the checks that you have written against it?
A) No fee checking coverage B) Overdraft protection C) Automatic check coverage (ACC) D) Draft-free checking E) None of the above are correct answers.