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Which of the following statements are true?

1. The Global Competitive Report highlights that as a nation develops, wages tend to increase in order to sustain higher incomes.

II. The current Global Competitive Report highlights that those countries with a holistic approach to socio- economic challenges, look set to get ahead in the race to the frontier

III. The basic management functions of planning, organizing, leading, and controlling are the same whether a company operates domestically or internationally,
IV. Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures,

V. Market risk is defined as the risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

Select one:

a. ll and IV
b. I,Ill and V
c. lll and IV
d. I ll and V

e. I, II and III
The legal-political environment includes government regulations at the state and local levels. Examples of this environment are Select one:

a. consumer purchasing power, unemployment rate, and interest rates
b. fair trade statutes, safety laws, protective legislations, and export restrictions
c. geographical distribution, population density, age, and education levels
d. geographical distribution, fair trade statues, and consumer purchasing power

e. legislative branches of the government, number of laws passed each year and types of legislation passed


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