List and discuss the main components of an expatriate's compensation package
What will be an ideal response?
a. Base salary: An expatriate's base salary normally falls in the same range as the base salary for the comparable job in the home country.
b. Foreign-service premium: MNEs often award expatriates foreign-service premiums for accepting a foreign assignment.
c. Allowances: Often included in an expatriate's compensation package is extra pay to cover the peculiar burdens of a foreign assignment. For example, an expatriate earns a hardship allowance when sent to a particularly difficult environment or dangerous location.
d. Fringe benefits: Firms typically provide expatriates the same level of medical and retirement benefits abroad that they received at home, rather than those customarily granted in the host country. However, most companies expand these benefits to deal with local contingencies.
e. Taxation: If there is no reciprocal tax treaty between the expatriate's home country and host country, then he or she may be legally obligated to pay income tax to both governments. In such situations, the MNE ordinarily pays the expatriate's tax bill in the host country.
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The major problem with ________ is the need to establish that the person being sued knowingly misled the victim.
A) fraudulent misrepresentation B) innocent misrepresentation C) negligent misrepresentation D) undue influence E) deceit
Shifting demand from peak to off-peak periods is beneficial if the discount given
A) during the off-peak period is more than offset by the decrease in cost because of a larger peak. B) during the off-peak period is more than offset by the decrease in cost because of a smaller peak. C) during the peak period is more than offset by the decrease in cost because of a smaller peak. D) during the peak period is more than offset by the decrease in cost because of a larger peak. c