Which of the following is the best depiction of strategy? Select one: O a. the procurement of selected valuechain activities, including production of intermediate goods or nished products, from independent suppliers O b. the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn and adopt O c. a planned set of actions that managers employ to make the best use of the rm's resources and core competencies to gain competitive advantage Q d. a quality of executive management that provides inspirational guidance and motivation to personnel, leading the rm to a better future Which of the following choices is the best example of good corporate social responsibility? Select one: O a. an automotive battery rm offering free technical training to students of a deprived community 0 b. an automobile manufacturer selling low-fuel economy cars and trucks O c. a computer rm charging a high fee for recycling old computers Q d. a telecommunications rm charging high-rates to low-income customers Firms use foreign trade zones to Select one: Q a. meet quota demands established by the government 0 b. create employment opportunities for the local people 0 c. consolidate market monopolies Q d. assemble foreign dutiable materials and components into nished products, which are then re-exported There are both long term bennets and problems for Euro zone rms in nations using the Euro as their common currency. While such rms will enjoy improved nancial planning, using a common currency in business transactions increases exchange-rate risk. Select one: 0 True 0 False Which of the following is a method used by some manufacturers to avoid paying high tariffs? Select one: Q a. employ highly skilled workers in the export location regardless of the cost O b. produce a large number of less expensive items in the target market 0 c. assemble products in the target market Q d. ship products to fewer international locations