When companies face the same competitors in almost all countries where they operate, ________.
A) what they learn about each other in one country is useful in predicting the other's strategies and actions elsewhere
B) the market leader is the same everywhere
C) there is less need to understand the physical and societal factors of each country
D) they are less likely to enter joint ventures with other companies
Question 2
Visible exports and imports are ________.
A) merchandise imports and exports
B) the sum total of goods and services traded
C) international transactions paid for in money rather than barter
D) typically a country's least common international economic transactions
Question 3
All of the following are areas in which commercial activities take place outside the territory of any nation EXCEPT ________.
A) noncoastal areas of the oceans
B) the Panama and Suez Canals
C) outer space
D) Antarctica
Question 4
The government of Abu Dhabi formed a joint venture with Exxon Mobil in 2006. What type of joint venture is this an example of?
A) limited partnership
B) partnership
C) corporation
D) public-private venture
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