In international trade transactions, a letter of credit is considered a more secure method of payment than open account.
Indicate whether the statement is true or false
Question 2Historically, managers built organizations by focusing on the boxes and lines of a(n) ________ structure.
A) formal
B) innovative
C) collaborative
D) flexible
Question 3To create a feedback-friendly work environment you should set clear, measurable performance standards.
a. True
b. False
Question 4The industry organization (IO) paradigm reports that, on average, the best predictor of firm strategy is the ________.
A) company's stockpile of assets, skills, and capabilities
B) aggressiveness of a company's marketing objectives
C) link between a company's products and processes
D) structure of the industry in which it competes
Question 5Disputes often arise between exporters and intermediaries regarding pricing, policies, and inventory levels.
Indicate whether the statement is true or false
Question 6Firms that internationalize their operations in order to reap the profits of a high-growth market are exhibiting a proactive business strategy.
Indicate whether the statement is true or false
Question 7To ensure creditworthiness, exporters can purchase insurance to cover their inability to pay buyers.
Indicate whether the statement is true or false