1. What are the sociocultural, political, legal, and ethical challenges to conducting business in a global marketplace? 2. There are eight common ways for a company to enter a foreign market: Exporting, turnkey projects, franchising, licensing, joint ventures, and strategic alliances. In 1-2 pages, explain and provide examples for each. 3. How do companies issue bonds and stocks? 4. What is the importance of financial statements and what information do they contain? 5. Find a current example of a business merger, takeover, or acquisition. What companies are involved? Was the event friendly? Explain the circumstances of the event. Do you think it was a good business decision? Why or why not?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%