PART I: CURRENT EVENT ANALYSIS
Directions: Utilize LIRN and other sources of information (articles, internet sources, etc.) to find one current event article or news story related to any concept presented in this module. Summarize the article's main points/concepts and discuss how the it using APA format. Length should be a minimum of one page, double-spaced. Provide links to the articles (or scan and upload a printed article). Please use proper APA citation when using any source including the textbook. Please visit the Academic Resource Center (ARC) for concise APA guidelines.
PART II: SHORT ANSWER
Directions: Please answer each of the following questions completely and provide examples from the text, if applicable, to support your answers. Each response should be written in complete sentences and be at least one to two paragraphs in length unless otherwise indicated. Please use proper APA citation when using any source including the textbook. Please visit the Academic Resource Center (ARC) for concise APA guidelines.
1. Explain the process of documentary collection as an international payment method.
2. Why do exporters and importers sometimes choose to use a third country's currency for their financial transactions?
3. What is a swap market? How can swap markets help international firms obtain low-cost sources of capital and manage foreign exchange risk?
4. What are the primary issues associated with financing international trade? How does foreign exchange risk affect financing decisions?
5. What is economic exposure?
6. Identify and discuss the three corporate financial goals involved in managing working capital?
7. Why do companies hold working capital? Why do firms need to minimize their working capital balances?
8. How do MNCs benefit from using tax havens?
9. What conditions favor the use of each form of payment?
10. What are the three types of foreign-exchange exposure confronting international firms? Explain each one.
11. How do firms increase their staff's expertise as export sales increase early in the internationalization process?
12. What is human resource management? What are the basic elements of the international human resource management process?
13. What is a common source of recruits for international managers? Why do MNCs typically hire host country nationals for nonmanagerial positions?
14. What characteristics are present in the most promising candidates for international assignments? What tools are effective at identifying such candidates? Why is it also important to include family members when assessing candidates for international assignments?
15. What are the main causes of expatriate failure? How can training reduce the rate of expatriate failure?
16. Name and describe the four phases of acculturation?
17. What are the advantages and disadvantages of using parent country nationals in international assignments?
18. What challenges face repatriated managers when they return from a foreign assignment? How do these problems affect employers?
19. How can a firm increase the potential for managers to be successful at their foreign assignments?
20. Compare and contrast labor relations in the United States, Europe, and Japan. How do the differences in the way labor is organized impact firm strategy?