Global business leaders must be capable of articulating a coherent global vision and strategy that integrates local responsiveness, global efficiency and leverage

Which of the following is true concerning the outsourcing of jobs?

A. It occurs because labor is more skilled in other countries than in the United States. B. It is a major reason for current unemployment in the United States. C. It increases specialization. D. It causes firms in the United States to lose money. E. All of these statements are true.

On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?

A) 0.008245 B) 0.008135 C) 0.008457 D) 0.008550