Under a system of flexible exchange rates, an increase in the international value of a nation's currency will

A) cause an international surplus of its currency.
B) contribute to disequilibrium in its balance of payments.
C) cause gold to flow into that country.
D) improve its terms of trade.

What are some of the results of cultural differences in values and ethics that affect global business?​

The development of the digital video camera, which replaced film video cameras, is an example of

A) roundabout production.
B) derived demand.
C) creative destruction.
D) specialization.

Which of the following statements does NOT provide an accurate description of the nature and/or impact of change in contemporary businesses?

A) Most traditional organisations have realised that they must change to survive.
B) Intellectual capital, knowledge management and learning organisations are increasingly important in the modern business world.
C) Many organisations are slow in responding to change.
D) Increasingly, successful companies have cultures that thrive on change.
E) The new economy has created tremendous turmoil but few genuine opportunities.

A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivables, $100 in accounts payable, and $50 in cash. What is the amount of the current assets?

A) $500
B) $550
C) $600
D) $1,150
E) $1,200

Other things being equal, a low ________ would be most consistent with a relatively high growth rate of firm earnings.

A) dividend-payout ratio
B) degree of financial leverage
C) variability of earnings
D) inflation rate

Statement I: The earned income tax credit is a form of redistributing income to the working poor.
Statement II: Although they are very visible,there are probably less than one million homeless people in the U.S.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.