Which pillar$($s$)$ support$($s$)$ informal institutions? Question $20$ options: a$)$ Normative and Regulatory pillars b$)$ Regulatory and Cognitive pillars c$)$ Normative and Cognitive pillars d$)$ Regulatory PillarQuestion $21(1$ point$)$For low$-$context cultures: Question $21$ options: a$)$ non$-$verbal cues are used a lot b$)$ the words are taken at face value c$)$ one needs to pay attention to the words and the manner by which words are being said d$)$ actual words are as important as the context surrounding the wordsQuestion $22(1$ point$)$Toyota$\text{'}$s partnerships and alliances with complementary companies can be evaluated as valuable, common and easy to imitate. This implies that this resource gives Toyota a:Question $22$ options: Competitive disadvantage Competitive parity Temporary competitive advantage Sustained competitive advantageQuestion $23(1$ point$)$The assets the firm uses to choose and implement its strategiesQuestion $23$ options: Resources Capabilities BOTH resources AND capabilities None of the aboveQuestion $24(1$ point$)$Which is a support activity in the value chain?Question $24$ options: Technology Outbound logistics Marketing and sales Customer ServiceQuestion $25(1$ point$)$A company in Canada decides to pay for the services of an external company to handle call its center activities. The external company is also in Canada. This is an example of:Question $25$ options: Foreign Direct Investment Onshoring Offshoring Domestic in$-$houseQuestion $26(1$ point$)$Apple$\text{'}$s global sales network can be evaluated as valuable, rare, difficult to imitate, and organizationally embedded. This implies that this resource gives Apple a:Question $26$ options: Temporary competitive advantage Competitive disadvantage Sustained competitive advantage Competitive parityQuestion $27(1$ point$)$VMedia $($a telecommunications company$)$ pays Bell $($another telecommunications company$)$ to have Bell service technicians install internet connections to customer's residences. This is an example of a$($n$)$:Question $27$ options: In$-$house activity Outsourced activity Foreign Direct Investment Reshored activityQuestion $28(1$ point$)$Apple$\text{'}$s platform or ecosystem of complementary products can be evaluated as valuable, rare, difficult to imitate, and organizationally embedded. This implies that this resource gives Apple a:Question $28$ options: Competitive disadvantage Sustained competitive advantage Competitive parity Temporary competitive advantageQuestion $29(1$ point$)$Policies which require a certain percentage of a particular product to be sourced domestically are:Question $29$ options: Subsidies Tariffs Local content requirements Import QuotasQuestion $30(1$ point$)$The lead innovation nation as proposed in the Product Life Cycle theory is:Question $30$ options: Russia China Canada UK USAQuestion $31(1$ point$)$The extent to which different countries possess various factors of production such as labor, land and technology is called:Question $31$ options: Factor endowment Comparative advantage Absolute advantage Resource mobilityQuestion $32(1$ point$)$Which is not a modern international trade theory?Question $32$ options: Product Life Cycle Strategic Trade National Competitive Advantage of Industries MercantilismQuestion $33(1$ point$)$This theory emphasizes the decision of governments to give aid to local companies who are looking to go global in important industries.Question $33$ options: Comparative Advantage Product Life Cycle Mercantilism Absolute Advantage Strategic Trade National Competitive Advantage of IndustriesQuestion $34(1$ point$)$Which of the following limits international trade?Question $34$ options: Tariffs Subsidies Import Quotas Local content requirements