Consider all questions below:

1.) A.) In general, explain how tariffs, import quotas, and product standards affect trade and general decision-making for global businesses. B.) Further, assume that an owner has a large store that sells clothing, beauty products, and a line of food items. How could each of these barriers ( listed in part A ) affect their personal business and each of the types of products that sell in the store? Explain A, and B.)

2.) What is your opinion on the protectionist viewpoint? Can protectionist policies help, or hurt you, or both, as a global business? Explain in detail.

3.) If people wanted to do business in Mexico, of the following 5 options, which would be the top two choices for entering their market/country? Explain the reasoning for each of the top 2 choices. ( if it helps in answering this question, could usage of a specific type of business when referencing the top 2 choices. ) Choices: a.) Exports b.) Licensing c.) Franchising d.) Joint Venture e.) Foreign Direct Investment

4.) A.) If a person is going to do business in a country that has the following 5 characteristics: 1.) High Power Distance 2.) Ethnocentric 3.) Monochromic Culture 4.) High Context Culture 5.) Individualist Culture ( some of these refer to Value Dimensions relating to Global Business ) What challenges or potential problems could they face with each of these characteristics? Or, are they likely to pose no problem for them? Explain thoroughly. B.) Overall, what is the importance of cross-cultural understanding in having a successful global business experience? How could they gain cross-cultural understanding before they actually go into business in another country? Explain.

5.) A.) Discuss the reasons why some country's currencies are worth more relative to other currencies. Why do some suggest that China's currency, the Yuan, should be a higher value in foreign exchange markets than it currently is? Is there an advantage for China to keep the value of their currency lower? Explain Why, or Why not. B.) Exchange rates can vary daily and add to trading costs. To make trade easier between countries, do you think we will ever have a common currency between all countries ( a single global currency )? Why, or Why not? Explain.

6.) The two primary options for raising financial capital ( funds ) in global markets are stocks and bonds. Who can sell stocks and bonds and why do " they " do so? How are these two different options ( stocks and bonds ) different from each other as way to raise funds? How are they similar to each other? What are some of the advantages and disadvantages of trying to raise funds in global financial markets versus just domestic markets? Explain thoroughly.

7.) Your employee, RabbCo., is sending some of its employees to predominantly Muslim countries. In order to help your colleagues conduct business in a culturally sensitive manner. Explain, discuss and introduce to your colleagues about Islam in the following:

A.) Introduction to Islam in general including the concept of unity ( or " tawhid " ), The Qur'an, the Hadith ( What is expected of a Muslim as communicated by God through Gabriel to Muhammad - May Peace be Upon Him ), the idea of Mercy, and the importance of understanding Islam in general, especially to non-Muslims.

B.) Islam and Business Ethics and Islamic Economics.

The purpose of this exercise is to discuss the situation facing a manager and help her determine how many servers to use and what the characteristics of the system will be. Endeavor Communications, a long distance provider, is reevaluating its account management department for handling customer service questions and requests. During the 6:00 pm to 10:00pm time period, past data hat calls to the account management department occur at an average rate of one call every 6.5 minutes. A study of past service times indicate that the average time to process a caller's question/request is 4.3 minutes. Like other phone systems, when a call comes in and all the servers are busy, the caller hears a message telling them to hold until the next server is available Top management at Endeavor Communications understands that the staffing decision involves the analysis of trade-offs. Increasing the number of servers will reduce the waiting times and increase the probability of immediate service at a higher cost with more idle time for the servers. Management has decided that the GOAL of the account management department is to immediately answer and service at least 90% of the incoming calls during the busiest time period of 6:00 to 10:00pm. They have asked you to determine the staffing level that will help them meet this goal. Also, they'd like you to provide your own recommendations. 1. What are the arrival and service rates in Calls per MINUTE? Use the spreadsheet to calculate these: A. (calls per minute) = (calls per minute) = 2. Since you are not required to perform the calculations in the case of multiple servers, you are provided with these results in the table that follows. You DO need to determine the information for the case of one server and RHO for 2 and 3 servers, Please fill in the chart below based on the numbers you calculate using your EXCEL FILE which can be found under LabEx Files on the course webpage. USE THREE DECIMAL PLACES IN ALL PROBABILITIES Servers 2 3 % Time Server Busy (rho) Probability of 0.503 0.515 0.333 0.341 0.110 JAWN-O 0.113 0.036 0.025 0.012 0.005 0.0003 0.001 0.00003 0.0003 In the system CUSTOMERS CUSTOMERS CUSTOMERS Number in System n(s) 0.74 0.67 Number in Line n(0) 0.08 0.01 TIME (Minutes) TIME (Minutes) TIME (Minutes) Time in System t(s) 4.83 4.36 Time in Line t() 0.53 0.06 TIME (Seconds) TIME (Seconds) TIME (Seconds) Time in System ((s) 289.7 261.5 Time in Line t() 31.7 3.5 These may be helpful----ONE SERVER FORMULAS: Pa = (1-p)p P. Vu ns= 2/(p=1) ni= p[2/ (H-X)]= phs ts = 1/ (H-1) to= p[1/ (H-X)]=pts14. You are asked to conduct an interview of 6 randomly selected employees at your company to answer insurance questions. Use the random digit table starting at line 139 to choose 6 of the following individuals to be interviewed. Agarwal Anderson Baxter Bonds Bowman Castillo Cross Dewald Fernandez Fleming Gates Goel Gomez Hernandez Huang Kim Liao Mourning Naber Peters Pliego Puri Richards Rogers Santiago Shen Vega WangQuestion 3 Some researchers who utilise Legitimacy Theory posit that organisations will attempt to operate within the terms of their 'social contract". What is a social contract? Question 4 In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include particular social and environmental responsibilities within the Act. At the completion of the inquiry it was decided that no specific regulations would be added to the legislation, and that instead, 'market forces' would be relied upon to encourage companies to do the 'right thing' (that is, the view was expressed that if companies did not look after the environment, or did not act in a socially responsible manner, then people would not want to consume the organisations' products, and people would not want to invest in the organisation, work for them, and so forth. Because companies were aware of such market forces they would do the 'right thing' even in the absence of legislation). You are required to explain the decision of the government that no specific regulation be introduced from the perspective of: 1. Public Interest Theory 2. Capture Theory 3. Economic Interest Group Theory of regulation.Question 27 (1 point) On September 1, 2013, Mankato Manufacturing paid $3,600 for a one year insurance policy that will be in effect from Sept. 1, 2013 through August 31, 2014. What entry should Mankato Manufacturing make on September 1, 2013? O debit insurance expense $3600; credit cash $3600 O debit prepaid insurance $3600; credit cash $3600 O debit prepaid insurance $1200; credit insurance expense $1200 debit insurance expense $1200; credit prepaid insurance $1200Question 6 Not yet arawered Points out of 1 P Flag question (This question refers to the MRU video 'The Marginal Product of Labor!) Why does a market labor supply curve have a positive slope even though individual labor supply curves may be backwards bending? Select one: a. As wages rise, product demand will fall. b. As wages rise, all workers will be willing to work more hours. C. As wages rise. more and more workers will enter the market. d. As wages rise. fewer and fewer employers are willing to hire workers. Question 7 Not yet answered Points out of 1 P Flag question (This question refers to the MRU video 'Compensating Differentials'} until similar jobs have similar Select one: a. Safety standards adjust; wages b. Wages adjust: compensation packages c. Safety standards fall; compensation packages d. Wages rise; cleanliness and safety Question 8 Not yet answered Points out of 1 p Flag question [This question refers to the MRU video 'Compensating Differentials'.] Which of the following has contributed the most to increases in workplace safety over time for wealthy countries? Select one: a. A decrease in workers' willingness to accept risk as they become wealthier b. Technological improvements, which always lead to safer working conditions c. Changes in laws that require firms to provide safer working conditions d, An increase in the rates of unionization and demands for safe jobs