The Institute for Supply Management:
A) establishes laws and regulations for supply management.
B) is an agency of the United Nations charged with promoting ethical conduct globally.
C) publishes the principles and standards for ethical supply management conduct.
D) prohibits backward integration into developing economies.
E) grants Ph.D. degrees in purchasing.
C
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Which of the following statements is true of industrial economies?
A) They export their goods to other types of economies for raw materials. B) They have a declining middle class population. C) They depend on agriculture as the primary revenue generator. D) They do not trade goods amongst themselves. E) They consume most of their output and barter the rest for simple goods and services.
Executives at FDX Industries, an MNE that manufactures automotive parts, want to expand into emerging markets. Which of the following would most likely identify potential emerging markets and indicate reductions in a country's foreign-exchange reserves?
A) BOP statistics B) IMF conditionality C) par value D) gold standard