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Exam 1 BMGT 205 2025 Questions and Answers In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to: - ....ANSWER ...-PPP (purchasing power parity) Which of the following definitions best defines an expatriate manager? ....ANSWER ...-A manager who works outside his or her native country The firm that engages in foreign direct investment is a: - ....ANSWER ...- Multinational enterprise According to the text, most MNEs are ____ the base of the pyramid. ....ANSWER ...-Ignoring In order to answer the question: "What determines the success and failures of firms around the globe?," the author introduces which two core perspectives? - ....ANSWER ...- Institution- and resource-based views An institutional framework is made up of: - ....ANSWER ...-Formal and informal institutions Political risk is associated with political changes that may negatively impact domestic and foreign firms. Which statement about political risk is correct? ....ANSWER ...-Firms operating in democracies are subject to political risk. …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1