When a firm exports its products to a foreign country, foreign direct investment occurs
Indicate whether the statement is true or false.
FALSE
Foreign direct investment (FDI) occurs when a firm invests directly in facilities to produce or market a product in a foreign country. According to the U.S. Department of Commerce, FDI occurs whenever a U.S. citizen, organization, or affiliated group takes an interest of 10 percent or more in a foreign business entity.
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It is more common in China than in the United States for people to be more concerned about the group than about themselves. Which of Hofstede's dimension does this demonstrate?
What will be an ideal response?
Which of the following is not a government requirement when starting a sole proprietorship?
(A) To register a business name. (B) To obtain a business license. (C) To give clients 90 days notice prior to shutting down operations. (D) To obtain a site permit, if not working out of home.