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Question;?;Question 1;10 out of;10 points;An organization that coordinates economic;activity to deliver value to customers using resources outside the;traditional boundaries of the organization is known as a;corporation.;?;Question 2;10 out of;10 points;Direct exporting is the exporting of goods and;services through various types of exporters based in the home country, rather;than by the firm itself.;?;Question 3;10 out of;10 points;Unionism in the United States has often;been viewed as more;?;Question 4;0 out of;10 points;People who go to a foreign country legally;to perform certain types of jobs are known as;Selected Answer;skilled workers.;Correct Answer;guest workers.;Response Feedback;Guest workers are;people who go to a foreign country legally to perform certain types of;jobs.;?;Question 5;10 out of;10 points;When historical growth rates are known, future;growth can be forecast by means of trend analysis.;Selected Answer;True;Correct Answer;True;Response Feedback;When the historical growth;rates of either the pertinent economic variables or the imports of a;product are known, future growth can be forecast by means of trend analysis;?;Question 6;10 out of;10 points;is an indirect tax levied on;passive income that the corporation would pay out to nonresidents, people, or;companies in another tax jurisdiction.;Response Feedback;Withholding tax is an;indirect tax levied on passive income (income such as dividends, royalties;and interest) that the corporation would pay out to nonresidents, people;or companies in another tax jurisdiction. Countries establish bilateral tax;treaties to categorize passive-income withholding rates.;?;Question 7;10 out of;10 points;Pricing is the central focus of the marketing;mix.;?;Question 8;10 out of;10 points;Specific currency exchange equivalence upheld by;government is called ______________.;Response Feedback;A new system, after the;Bretton Woods System, set up fixed exchange rates among member-nations;currencies, with par value based on gold and the U.S. dollar. Fixed;exchange rate is specific currency exchange equivalence upheld by;government.;?;Question 9;10 out of;10 points;The exchange rate between two currencies for;delivery within two business day is called ______________.;Response Feedback;Spot rate is the;exchange rate between two currencies for delivery within two business days.;?;Question;10;10 out of;10 points;When do marketers offer the same product and use;the same promotional appeals in all markets?;?;Question;11;10 out of;10 points;A(n) _____ is a record of a country's;transactions with the rest of the world.;Response Feedback;The balance of payments;(BOP) is a record of a country's transactions with the rest of the world.;BOP data are of interest to international businesspeople for several;reasons.;?;Question;12;10 out of;10 points;When a company is under strong pressure to;adapt its products or services for local markets, it uses a __________ strategy.;?;Question;13;10 out of;10 points;A(n) _________ is a form of organization;characterized by lateral decision processes, lateral relationships, and a;strong corporate-wide business philosophy.;Response Feedback;A form of organization;characterized by lateral decision processes, horizontal networks, and a;strong corporate-wide business philosophy is called a horizontal;corporation.;?;Question;14;10 out of;10 points;is currency, held by a government's;central bank.;?;Question;15;10 out of;10 points;Populations in many developing countries;are projected to decline in the coming years, due to factors such as low;birth rates and high levels of immigration.;?;Question;16;10 out of;10 points;A cooperative effort among two or more;organizations that share a common interest in a business enterprise or;undertaking is known as a(n) _____.;?;Question;17;10 out of;10 points;are broad guidelines issued;by upper management for the purpose of assisting lower-level managers in;handling recurring problems.;?;Question;18;10 out of;10 points;is a sales tax whose payment documentation;from one stage to another from production through to the final buyer becomes;important for tax credits.;?;Question;19;10 out of;10 points;Without a ___________, the management;cannot formulate the production, financial, and procurement plans.;?;Question;20;10 out of;10 points;Even when a company has the capability of being;the first-mover in a market, there are possible advantages to letting others;go first.;?;Question;21;10 out of;10 points;Market screening is helpful to firms selling in;the domestic market and looking at expansion in the overseas market. It is;not required for firms that are already multinational companies.;?;Question;22;10 out of;10 points;involves the setting of prices for;goods produced in one country and sold in another.;?;Question;23;10 out of;10 points;The process of redesigning organizational;structure, hierarchy, business systems, and processes in order to improve;organizational efficiency is called reengineering.;?;Question;24;10 out of;10 points;Indirect exporting is _________________.;?;Question;25;10 out of;10 points;A situation in which a small loss for a;subsidiary results in a greater gain for the headquarters is termed as _____.;?;Question;26;0 out of;10 points;Global strategic planning is a rigid and;linear process.;Selected Answer;True;Correct Answer;False;Response Feedback;The process of;strategic planning provides a formal structure in which managers (1);analyze the company's external environments, (2) analyze the company's;internal environment, (3) define the company's business and mission, (4);set corporate objectives, (5) quantify goals, (6) formulate strategies, and;(7) make tactical plans. There is considerable flexibility in the order in;which firms take up these items.;?;Question;27;10 out of;10 points;Which of the following defines the purpose;for a company's existence, including its business objectives, and approach;for reaching those objectives?;Selected Answer;The mission statement;Correct Answer;The mission statement;Response Feedback;The mission statement;defines the purpose for a company's existence, including its business;objectives, and approach for reaching those objectives.;?;Question;28;10 out of;10 points;In a BOP account, payments to other;countries are tracked as debits.;?;Question;29;10 out of;10 points;divides objects into groups so that;the variables within each group are similar.;?;Question;30;0 out of;10 points;The vulnerable workforce;?;Question;31;10 out of;10 points;A _____ is an arrangement by which one firm;provides management in all or specific areas to another firm.;?;Question;32;10 out of;10 points;A firm producing air-conditioners will look for;countries with warm climates to sell its product. This screening is;known as assessing the _____.;?;Question;33;10 out of;10 points;A virtual corporation relies to a great extent on;third parties to conduct its business.;?;Question;34;10 out of;10 points;The value chain refers to the set of;value-creating activities that the company is involved with, ranging from;sourcing of basic raw materials to the delivery of final product or service.;?;Question;35;10 out of;10 points;The top management of companies generally;accepts the fact that, to be effective, strategic planning processes should;permit;?;Question;36;10 out of;10 points;he basic functions of domestic and international;marketing are the same.;?;Question;37;0 out of;10 points;For the past four decades, there has been;an increase in the number of union members in most of the developed;countries, especially among workers in industrial sectors.;?;Question;38;10 out of;10 points;Estimation by analogy is the process of using a;market factor that is successful in one market to estimate demand in a;similar market.;?;Question;39;10 out of;10 points;Floating currency exchange rates are rates;that are allowed to float against other currencies and are determined by;market forces.;?;Question;40;10 out of;10 points;Subsidiaries and other operating units of an;international company should report to the headquarters only if there is a;drastic change in the economic environment.


Paper#46368 | Written in 18-Jul-2015

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