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Suppose that a firm is considering opening a plant in China, and the current exchange rate is 5.25 Chinese Yuan (CNY) per dollar. Also, the Chinese wage rate is 6.3 CNY per hour. Suppose further that U.S. workers can produce 4 units per hour, while workers in China are expected to be able to produce 3 units per hour. After factoring in productivity differences, what is the “relative” wage rate (in dollars, rounded to the nearest penny) of operating in China?
Consider the last time you had to negotiate something. How do you perceive yourself as a negotiator? What cognitive mistakes have you made in the past and how could you have avoided these mistakes?
What is the "scope" of a firm and what does that have to do with global strategy? Give two examples of companies that have changed their scope in the last 1-5 years and why they made the change and the results.
If a truck was just arriving at the station, about how many minutes could the driver expect to be at the station? What is the probability that both inspectors would be busy at the same time?
A cultural paradox is defined as
List and describe 3 common themes you detected throughout the history of long term care in our country. Why do you think these themes prevailed, and why would it be important for us to keep these in mind as we move forward in the long term care in..
Review the "Recruitment of a Star" case study from Harvard Business School. Is recruiting and selection practices fundamentally all about finding and hiring star talent? Support your answer
Morgan, an agent was instructed to sell Drew's property at a specified price. A month later the value of the property increased substantially because of zoning changes. What is the status of the agency relationship? Global Industries requires all new..
Suppose you are interviewing for a position in an organization. How might SWOT analysis help you prepare for an interview? Now suppose you've just started working at an organization. How might SWOT analysis help you better understand your position an..
M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances.
Your boss has questioned your plans to include harassment prevention training in next year’s budget. He said, “We don’t have any harassment around here. Why do we need this kind of training?” What are some of the reasons an organization should have h..
Due a complicated process required to set up a machine, Wizard Corporation has decided to produce a product only once a month. Demand occurs at a continuous and constant rate of 1000 units a month. Wizard Corporation also keeps 50 units available jus..
A dichotomous outcome has only two possibilities. The probability of two independent events occurring together equals the product of each of the individual event probabilities. A probability is found by dividing the number of possible outcomes (o) b..
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