Answer each in 150-200 words, with one reference per question.
1.Differentiate between transaction and translation risks. Explain how these risks affect firms and investors
2. Describe the product life cycle as a useful tool for managing products after they have been introduced to foreign markets.
3.Explain how financial statement analysis can be used to evaluate a company's financial situation.
4.Differentiate between outsourcing and offshoring. Analyze the pros and cons of these practices.
5. Describe the five cultural dimensions identified by Geert Hofstede as they apply to human resource management.