Which of the following is true about absolute advantage principle? Select one: Q a. This approach allows the nation to consume more than it othenlvise could, generally at lower cost. 0 b. This approach explains the process by which rms acquire and retain one or more value-chain activities inside the rm. 0 c. According to this approach, enhanced product specialization adversely affects communal welfare. 0 d. This is the only approach that can be used to explain why nations attempt to run a trade surplus. Homes and Families (HAF) is a Montreaobased rm with years of experience managing hotel chaiins for owners in which HAF is well compensated. This kind of arrangement is an example of Select one: Q a. a management contract 0 b. a build-operate-transferlicense O c. an indirect service export Q d. a direct service expertise export Which action is most likely to be seen in a rm with a highly culturally diverse management team? Select one: 0 a. create a global view inside the rm while remaining in touch with local realities O b. use diverse languages for business communications across various teams across the globe O c. follow countryspecic ethical standards across the globe Q d. use local employees, for accountability decentralize all major company decisions Regional integration greatly increases the scale of the marketplace for rms inside the economic bloc. Select one: 0 True 0 False Which of the following is considered to be a disadvantage of equity-based international joint ventures? Select one: Q a. lesser control over future directions 0 b. imbalanced relationship 0 c. vague contractual partnership 0 d. termination difculties