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Several companies have ceased operations in Russia given the…
Several companies have ceased operations in Russia given the current context with Ukraine. Yum! brands, Restaurant Brands International Inc and Mcdonald’s are examples. Montreal-based footwear retailer The Aldo Group Inc. has stopped shipping products to its Russian franchisees or providing any marketing or other financial support to them as the company wants to send the message that they do not want to conduct business in Russia given its invasion of Ukraine. However, while the franchisees have ceased e-commerce operations, Aldo’s seven stores in Russia remain open and able to sell as long as they have stock. This situation exemplifies:
The ease with which companies can effectively modify their strategies in foreign markets
The franchisee’s lack of control with franchising as a mode of entry in foreign markets
The efficiency of the franchisees in Russia
The franchisor’s lack of control with franchising as a mode of entry in foreign markets
First Quantum, a Vancouver based miner, operates mines in several countries. Following a missed deadline to sign a new agreement with one of its mines located in a central American country, the government of that country prevented First Quantum from sending copper out of the country and forced it to halt the processing of ore. First Quantum’s mine in this country represent about 5% of the country’s GDP and employ approx. 40,000 people there. Following several months of negotiation, the dispute has ended. What is the Central American country involved and what was the object of the dispute?
Panama, tax
Nicaragua, non tariff trade barriers
Honduras, tariffs
El Salvador, local content requirements
Zhang Yong is an expatriate working in the Philippines. As an expatriate, he receives an extra pay incentive for working outside his country. This extra pay incentive is called a(n)_______
base salary.
travel allowance.
emergency allowance.
foreign service premium.
Which of the following describes the concept of intellectual property?
Designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products.
Exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and dispose of their work as they see fit.
Property, such as computer software, screenplays, musical scores, or chemical formulas for new drugs, that is the product of intellectual activity.
Document giving the inventor of a new product or process exclusive rights to the manufacturer, use, or sales of that invention.
SNC-Lavallin, a Canadian firm, is one of the largest engineering firms in the world. Their expertise is in turnkey projects. Turnkey projects are most common in the following industries:
lumber, furniture, paper, and pulp
automobile, pulp and paper, metal mining, and oilfield production
cars, trucks, construction equipment, and farm implements
chemical, pharmaceutical, petroleum refining, and metal refining
If Magna, a Canadian firm, produce components for electric vehicles in Ontario, Canada, and ships these components to Germany to be included in a German electric car, that is an example of:
foreign direct investment
cross-border investing
exporting
licensing
The benefits of buying component parts from independent suppliers are maximized when all of the following factors are involved except:
the attractiveness of a sourcing location changes frequently due to exchange rates and trade barriers
it may help the firm to capture more orders from the country if the company outsources some production to its local companies
the company needs to make substantial investment in specialized assets to manufacture components
there is a high level of political risk and uncertainty in the optimal location for manufacturing a product
Which one does not belong to the disadvantages of government intervention in trade?
Intervention may trigger the government to compromise on national security interests
Instead of helping domestic producers to become internationally competitive, intervention may protect the inefficient ones
Intervention may invite retaliation from other countries and trigger a trade war
Intervention may fail to advance national interests when the intervention agenda is driven by special interest groups
Given the impacts of COVID on global travel, a COVID travel passport mobile apps are emerging. For instance, the government of Israel, the country most advanced in vaccinating its population, has developed a ‘green pass’ mobile app for vaccinated individuals. Privacy issues, security vulnerabilities, interoperability and other issues abound. The World Health Organization (WHO) remains wary of requiring COVID vaccine certificates, through such apps, to allow international travel, given the unknowns over whether vaccines can reduce transmission of the disease. The WHO is an example of a(n):
Supranational organization
Vaccine development organization
International accreditation organization
European health organization
