Question 1 (1 point) A management team has a risk tolerance equal to a total threat value of 12. A critical impact event that is probable would be ignored by the management team. True False Question 2 (1 point) Currency/foreign exchange volatility is not a large risk for exporters/importers. True False Question 3 (1 point) A key risk faced in international trade is the ability to attract and retrain talent that is interested and willing to take on additional responsibilities and travel requirements. True FalseQuestion 4 (1 point) When applying a systematic approach to the probability of a risk event, the descriptor "probable" is associated with a value of 2. True False Question 5 (1 point) In India, according to Transparency International the percent of public service users who paid a bribe in the previous 12 months (2019-2020) was 39%. In China the percent of public service users who paid a bribe during the same period was 28%. From this fact only, China has higher political risk. True False Question 6 (1 point) Examples of some political risks include local content laws, taxes on foreign goods. and price controls. True FalseQuestion 7 (1 point) It would be wise for firms engaged in international trade to review current labour standards in a target market, but also be aware of how they compare to international standards. True False Question 8 (1 point) When a government seizes property, this is called domestication, and when a non- government entity takes over foreign property, this is called nationalization. True False Question 9 (1 point) To assess the potential for theft, a company should look at current statistics on crime rates, or talk with locals and partners, such as security firms. True FalseQuestion 10 (1 point) Licensing is a strategy a firm may use where the firm risks the appropriation of its technology but does not risk any of its capital or financial assets. True False Question 11 (1 point) Personnel risks are risks that employees of an organization face when working in their home country. True False Question 12 (1 point) Foreign direct investment (the selling of a domestic currency in exchange for a foreign currency to purchase land or a building) into a target market will help alleviate exchange controls and allow an importer to make payment not able to be made due to a shortage in foreign reserves. True False