46)Expatriate managers generally receive differential compensation to make up for dramatic differences in _____.

currency valuations

lifestyle norms

standards of living

all of the above

47)Which of the following environmental factors tends to influence human resource management procedures in a host country?

culture

legal systems

economic development

all of the above

48)Which of the following is an advantage of franchising?

avoidance of tariffs

dependence on franchisee

possibility of creating future competitor

potential conflicts with franchisee

49)_____ are those that pull a firm into foreign markets as a result of opportunities available there.

Reactive motivations

Proactive motivations

Avoidance motivations

Attraction motivations

50)The _____ is a letter of credit that the bank may alter at any time and for any reason.

advised letter of credit

confirmed letter of credit

unconfirmed letter of credit

revocable letter of credit