Which of the following represent in-the-money options?
I. a call when the market price exceeds the strike price
II. a call when the strike price exceeds the market price
III. a put when the market price exceeds the strike price
IV. a put when the strike price exceeds the market price
A) I and III only
B) I and IV only
C) II and III only
D) II and IV only
Answer: B
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A company with a geocentric orientation views the world as a potential market and strives to develop integrated global strategies
Indicate whether the statement is true or false
On which of the following observations was Raymond Vernon's product life-cycle theory based?
A. The wealth and size of the U.S. market gave U.S. firms a strong incentive to develop new consumer products. B. The high cost of U.S. labor gave U.S. firms an incentive to develop cost-saving process innovations. C. The United States developed a very large proportion of the world's new products for most of the twentieth century and sold them first in the U.S. market. D. The United States exports goods that heavily use skilled labor and imports heavy manufacturing products that use large amounts of capital. E. The United States has long been a substantial exporter of agricultural goods, reflecting in part its unusual abundance of arable land.