What are the major methods of payment used for international transactions and the advantages and disadvantages of each from the exporters perspective? Explain why and be specific. Should firms require higher rates of return on foreign projects than identical projects located at home? Explain fully. Why would a firm want to negotiate an Advance Pricing Agreement with the Internal Revenue Service? Why would the Internal Revenue Service want to negotiate an Advance Pricing Agreement? Use a current example to explain why. What special compensation and benefits issues arise in international HRM? Give a recent example and explain the reasoning for any criticism it received for using a tax haven. What was the firms rational for doing so? Give a recent concrete example of a multi-national firm that experienced or continues to experience talent shortages and how they utilized foreign workers to fill those needs. What has been the outcome? How does international human resource management differ from domestic HRM? What challenges do these differences present for HR professionals? MNEs are often forced to deal with staffing issues when opening new subsidiaries abroad. Describe the main characteristics of the ethnocentric, polycentric and geocentric approach to staffing and what are the advantages and disadvantages of each of these approaches. A Human Resources manager working for a multinational company would be expected to have a much broader knowledge of employment related matters compared with a counterpart in a domestic company. What types of knowledge would you expect an international HR Manager to have? List and explain five items that you think most important in this regard