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The Nature of International Business and Cooperation among N




Question;The Nature of International Business and Cooperation among N;Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page;break, so be sure that you have seen the entire question and all the answers before choosing an answer.;1. Decision making in the international environment is _______ in a purely domestic environment.;A. about the same as;B. less complex than;C. more complex than;D. less demanding than;2. In 2010, only 23 nations had GNIs greater than;A. the sum of the GNIs of Japan, Germany, and France.;B. Walmart's total annual sales.;C. the total sales of Exxon Mobil and Citigroup.;D. the sum of the combined sales of Ford and General Electric.;3. The United Nations organ involved in trade development, education, and health issues is the;A. Secretariat.;B. General Assembly.;C. Security Council.;D. Economic and Social Council.;4. The main drivers of globalization depend on;A. the foreign environment.;B. domestic growth.;C. change.;D. cultural differences.;5. An international business manager who bases decisions solely on his or her own experience or preference;is using;A. the self-reference criterion.;B. internalization theory.;C. controllable forces.;D. domestic standards.;6. The increased internationalization of business requires _______ to have a basic knowledge of;international business.;A. managers of multinationals;B. all managers;C. managers of transnationals;D. managers of purely domestic operations;7. A/An _______ is all forces influencing the life and development of the firm.;A. local population;B. group pool;C. environment;D. foreign exchange;8. When market demand and supply regulate the exchange rate with intervention designed to moderate the;rate of change, it's called a/an;A. crawling peg.;B. independent float.;C. market method.;D. fixed peg.;9. What is an economy of scale?;A. The price of scales exceeds the cost of producing them.;B. The price of scales is lower than the cost of producing them.;C. As a plant gets larger, the average cost of producing a unit of output increases.;D. As a plant gets larger, the average cost of producing a unit of output decreases.;10. The idea that market forces, not government controls, should determine direction, volume, and the;composition of international trade came from;A. the Ottoman Empire.;B. Milton Friedman.;C. Adam Smith.;D. Salvador Allende.;11. The _______, a collaboration of nations pooling money to lend to countries in debt, is associated with;the United Nations.;A. IMF;B. IBRD;C. GATT;D. OECD;12. The Association of Southeast Asian Nations was formed to provide members with a;A. plan for mutual protection and peaceful relations.;B. common market.;C. way to join with China as a political force.;D. free trade area.;13. The organization established along with the IMF at the Bretton Woods meeting is the;A. United Nations.;B. Bank for International Settlements.;C. World Bank.;D. International Monetary Fund.;14. The _______ has had a central role as a main central reserve asset of many countries, as a vehicle;currency, and as an intervention currency.;A. U.S. dollar;B. yen;C. British pound;D. Euro;15. An import duty that's a fixed percentage of the invoice value of an imported product is called a/an;duty.;A. ad valorem;B. specific;C. invoice;D. compound;16. _______ can be divided into portfolio and direct investment.;A. Production;B. Exchange rate investment;C. Foreign investment;D. Domestic investment;17. Defining a standard unit of currency by its equivalent in gold is called;A. coinage.;B. the price specie flow.;C. the gold standard.;D. par value.;18. The exchange rate for a currency trade for delivery within two days is called the _______ rate.;A. cross;B. priority;C. spot;D. forward;19. Treasury and Central Bank representatives met in _______ at the end of World War II and established;the IMF, the World Bank, and the gold exchange standard.;A. Jamaica;End of exam;B. Berlin;C. Diekirch;D. Bretton Woods;20. Inflation is generally measured by calculating the changes in;A. the balance of payments of 10 nations.;B. interest rates.;C. exchange prices.;D. the prices of a variety of goods and services.;500664RR - International Environmental Forces;1. The risk of punitive damages in product liability cases has caused;A. little change on research or new products.;B. foreign companies to withhold potentially beneficial products from the U.S. market.;C. U.S. companies to increase research to find safer products.;D. consumers to demand that cases be heard by a judge rather than a jury.;2. Using a/an _______ staffing policy, selection of the best person for each job is done without considering;national origin.;A. polycentric;B. regiocentric;C. geocentric;D. ethnocentric;3. The broad purpose of market screening is to;A. keep track of competitors' activities.;B. pinpoint the most attractive prospects.;C. make decisions on organizational structure.;D. compare geographic and product structures.;4. Payments made to expatriates to compensate for extra costs of living abroad are called;A. differentials.;B. allowances.;C. premiums.;D. bonuses.;5. ICs pay _______ when the host-country taxes are higher than home-country taxes.;A. housing allowances;B. tax differentials;C. tax disincentives;D. bonuses;6. Reverse brain drain, a concern of American businesspeople, is related to the trend toward;A. a decline in workforce quality.;B. investing in local industry.;C. outsourcing to developing countries.;D. discrimination in host countries.;7. When skilled workers migrate in search of professional and economic opportunities, it's called;A. brain drain.;B. market forces.;C. competitive labor.;D. labor quality.;8. Only _______ percent of ICs have repatriation programs.;A. 49;B. 10;C. 5;D. 60;9. Market screening is derived from;A. current market trends.;B. environmental scanning.;C. local sociocultural forces.;D. global opportunities and threats.;10. Only the continent of _______ lacks inland waterways.;A. Australia;B. Asia;C. North America;D. South America;11. The two components of material culture are technology and;A. economics.;B. aesthetics.;C. materials.;D. purchasing.;12. There are several criteria for segmenting markets. Which of the following are two criteria for;segmenting?;A. Large and definable;B. Unclassified and unfulfilled;C. Small and elusive;D. Diverse and accessible;13. The two types of market screening procedures are;A. initial screening and secondary screening.;B. country screening and segment screening.;C. market indicators and market factors.;D. trend analysis and cluster analysis.;14. The initial step international business managers must take in learning to live with other cultures is to;A. realize that other cultures exist and are different from their own.;B. learn the language.;C. make friends with natives of the country.;D. visit the country.;15. The International Energy Agency concluded in 2010 that;A. a worldwide energy revolution based on low-carbon technologies is under way.;B. sustainable energy development was not feasible.;C. oil reserves would dry up by 2020.;D. oil demand must immediately drop worldwide by 10 percent.;16. A combination of _______ causes the same extremes in temperature and humidity in other countries as;is found in Colombia.;A. tropical rain forests and plains;B. heat and moisture;C. rain and fog;D. mountains and lowlands;17. Generally, because of higher birth and fertility rates, developing countries have more;populations than industrial countries.;A. healthy;B. unhealthy;C. mature;D. youthful;18. A commitment to actions that meet present needs without compromising the ecological, social, and;economic needs of future generations characterizes;A. socialism.;B. economic stability.;C. ethnocentricity.;D. environmental sustainability.;19. After Saudi Arabia, the country with the greatest heavy oil reserves is;A. Iraq.;B. Venezuela.;C. Canada.;D. Iran.;End of exam;20. Most anthropologists' theories of culture include the proposal that;A. regional variations on culture are partially due to genetic differences.;B. the beliefs, rules, and institutions of most cultures are nearly indistinguishable from each other.;C. each aspect of a culture develops because of a specific, often isolated need.;D. culture defines the boundaries of different groups.;500666RR - The Organizational Environment, Part 1;1. The term for what people are doing when they put forth less effort while members of a group is;A. catatonia.;B. groupthink.;C. individualism.;D. social loafing.;2. Japanese anime became a popular media in the United States due to;A. American fans pulling anime in.;B. Disney's adoption of the style in its animated movies.;C. heavy advertising in the United States by Japanese comic companies.;D. an unusual amount of manga piracy.;3. Which of the following means that goods are shipped to the buyer and payment isn't made until they've;been sold?;A. Bank collection time draft;B. Consignment;C. Irrevocable letter of credit;D. Cash in advance;4. _______ places increasing emphasis on recruiting and developing human resources.;A. Marketing;B. Globalization;C. Accounting;D. Localization;5. Which of the following is the least costly for a buyer of exported goods?;A. Cash in advance;B. Bank collection time draft;C. Irrevocable letter of credit;D. Open account;6. A _______ strategy is often used where there's a strong pressure to reduce costs and limited pressure to;adapt products for local markets.;A. transnational;B. global;C. home replication;D. multidomestic;7. The Small Business Administration (SBA) provides _______ assistance.;A. business development and financial;B. educational and placement;C. market analysis and Web development;D. product-search and product-support;8. A partnership between competitors, customers, or suppliers is called a/an;A. growth triangle.;B. merger.;C. affiliation.;D. strategic alliance.;9. A _______ is an arrangement under which a company provides managerial know-how in some or all;functional areas to another party for a fee.;A. manufacturing contract;B. strategic alliance;C. joint venture;D. management contract;10. A company in which each country's division manager reports directly to the CEO is;A. organized by geographic regions.;B. a hybrid organization.;C. a matrix organization.;D. divided by both product and function.;11. Independent businesses that handle import shipments for compensation are called;A. foreign freight forwarders.;B. commerce chambers.;C. customhouse brokers.;D. bonded warehouse managers.;12. The behaviors and processes that go along with organizing people to achieve a common purpose are;seen in;A. line supervisors.;B. managers.;C. leaders.;D. chairmen of the board.;13. One disadvantage of indirect exporting is that;A. licensing and red tape can delay completion of shipments.;B. large cash outlays are required.;C. it's difficult to find the right agent for a firm's product.;D. the firm gains little experience from transactions.;14. Incoterms were developed by the International Chamber of Commerce to;A. promote trade missions.;B. translate international contracts.;C. facilitate legal price quotes between buyers and sellers.;D. clarify terms of sale.;15. Organizational _______ is a process dealing with how a company should be organized for integration;efficiency, and effectiveness.;A. competitiveness;B. design;C. division;D. functions;16. The term tactical plans refers to;A. detailed, short-term operational plans.;B. broad operational plans on which strategic plans are based.;C. scenarios presented as comprehensive future strategies.;D. long-term strategies that address best- and worst-case scenarios.;17. Manufacturers that sell products from other companies in foreign markets along with their own are;referred to as;A. resident buyers.;B. commission agents.;C. cooperative exporters.;D. export merchants.;18. The difference between tacit knowledge and explicit knowledge is that;A. tacit knowledge is always expressed visually.;B. tacit knowledge is difficult to express in terms of pictures or words.;C. explicit knowledge is codified in numbers only.;D. explicit knowledge is subjective while tacit knowledge is objective.;19. The McDonald's, Kentucky Fried Chicken, or Subway in your area is an example of a;A. joint venture.;B. licensed product.;End of exam;C. strategic alliance.;D. franchise.;20. Residents of a country who represent various noncompeting foreign suppliers and take orders in those;firms' names are known as manufacturers;A. traders.;B. retailers.;C. agents.;D. distributors.;500668RR - The Organizational Environment, Part 2;1. The type of debt nearly always repaid in full by the borrower, with a repayment rate of 97 percent, is;loans.;A. federally guaranteed;B. company-to-company;C. micro-;D. parallel;2. A middle ground between an ad campaign that's standardized worldwide and an entirely local ad;campaign is called a/an _______ approach.;A. hybrid advertising;B. shared-management;C. computerized-management;D. programmed-management;3. The benefits of offshore financial centers include;A. high interest and low fees.;B. fluctuating currency exchange rates.;C. advantageous accounting practices.;D. low taxes and few banking regulations.;4. Which of the following adds 3?5 percent to the quoted price of a product, due to the costs of importing?;A. B2B costs;B. Export duties;C. Invoice charges;D. Customhouse broker's fees;5. _______ are responsible for a shift in power from manufacturers to retailers.;A. Internet advertisers;B. Private brands;C. Public brands;D. Foreign environmental forces;6. When a subsidiary transfers its net cash flows to a cash center that disperses the case to net receivers;the subsidiary is engaging in;A. hedging.;B. leading and lagging.;C. transferring.;D. multilateral netting.;7. The Sarbanes-Oxley Act was passed by Congress in response to;A. an international demand for antitrust protection.;B. a need to protect U.S. citizens from foreign laws.;C. the Enron scandal.;D. product liability lawsuits.;8. Taking a position in one market to offset exposure to price changes in an opposite position is called;A. consolidation.;B. centralization.;C. hedging.;D. diversification.;9. Developing countries frequently see the use of used equipment in production as;A. evidence the company will produce inferior products.;B. a means to employ more people who will be hired to fix broken equipment.;C. assurance the equipment has done its job elsewhere.;D. evidence the company doesn't want to take chances on untried technology.;10. _______ exposure is a currency exchange risk resulting from exposure during the consolidation of;subsidiary financial statements.;A. Translation;B. Parallel;C. Derivative;D. Temporal;11. The attitudes of governments toward transfer pricing is;A. indifference.;B. academic interest.;C. suspicion.;D. encouragement.;12. The basic cultural decision a marketer has to make when placing a product in a foreign country is;whether;A. social taboos are implied by the product's name.;B. the product will be used by men or women.;C. the advertising for the product will be tasteful enough for the foreign audience.;D. to position the product as foreign or local.;13. Applying a total systems approach to managing the flow of materials, information, finances, and;services in a value chain is called;A. luxury brand development.;B. supply chain management.;C. information and technology management.;D. organizational realignment.;14. Including such items as maintenance, repair, operating supplies, office equipment, and other services;and supplies, indirect procurement can account for as much as _______ percent of the total purchasing;expenditures in companies.;A. 50;B. 25;C. 80;D. 70;15. Swedish safety requirements for machinery operators;A. make imports of Swedish products popular in the U.S.;B. are difficult to pin down because they vary from one machine to another.;C. make exporting U.S. machines to Sweden very easy.;D. are stricter than those imposed by the U.S. Occupational Safety and Health Act.;16. When companies report on environmental and social, as well as financial results, it's called;A. convergence.;B. triple bottom line.;C. global edge.;D. parallel management.;17. Relocating activities a company used to do in-house to another country is called;A. offshoring.;B. outsourcing.;C. immigration.;D. emigration.;18. Global retailing requires that the company pay particular attention to _______ in distribution strategies.;A. use of animal skins in products;B. product loyalty;C. localization;D. native company competition;19. Which of the following is not a part of the total product?;A. Package;End of exam;B. Warranty;C. Integration;D. Accessories;20. Of all the promotional mix elements, _______ may be the one with the greatest similarities worldwide.;A. sales promotion;B. personal selling;C. public relations;D. advertising


Paper#19829 | Written in 18-Jul-2015

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