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FIU MAR4156 quiz 1




Question;Question;1;Which of the following is a possible outcome of the "alien;status" of a company?;An increase in protectionist federal policies.;A positive;balance of trade.;A sharp rise;in domestic and international demand.;A huge trade;deficit.;An economic;situation of the magnitude of the Great Depression.;Question;2;Which of the following reflects the relationship between;international business and domestic business?;Domestic;businesses find it relatively easy to manage profits in the current scenario.;Domestic;businesses find it relatively easy to manage profits in the current scenario.;Most domestic;businesses are the result of customization efforts of international;businesses.;The ability to invest abroad is to a large extent a;function of domestic economic vitality.;Domestic;businesses are more viable as capital tends to move toward minimum use.;Question;3;is a controllable element in both domestic and;international marketing environments.;Economic;climate;Competition;within the home country;Price of products;Political;forces;Foreign;policies;Which of the following firms has a better chance of;accelerating the internationalization process?;International regulatory bodies set export/import limits.;The importing country can levy heavier import tariffs to override the VERs.;The exporting country sets the limits on the quantity it will export.;It is a mandatory tax imposed by a government on goods entering at its;borders.;It is an absolute restriction against the importation of certain goods.;Question 5;The primary obstacles to success in international marketing are a person's;and an associated ethnocentrism.;regionalism;holism;self-reference criterion;effort at adaptation;effort at integration;Question 6;What is the most profound change for firms at the global marketing stage of;internationalization?;Planning involves production of goods outside the home market.;Sales to foreign markets are made as and when goods become available.;Temporary surpluses marketed in foreign markets is the only element of;internationalization.;Companies treat the world, along with home market, as one market.;Production capacity exceeds domestic demand.;Question 7;The firms at the stage of regular foreign marketing of international marketing;involvement;sell products that are a result of planned production in markets in various;countries.;primarily focus all their operations and production to service domestic;market needs.;have a global perspective and view the entire world as one market devoid of;any segments based on nationality.;have half their sales revenues coming from international markets.;have no intention of maintaining continuous market representation in foreign;markets.;Question 8;Which of the following is an uncontrollable element for an international;marketer?;Firm characteristics;Promotion;Price;Research;Level of technology;Question;9;Which of the following is an essential requirement for companies;to succeed in international markets?;Binding;strictly to their traditional methods of operations to succeed in;international markets.;Focusing;primarily on their production to meet the demands at home.;Venturing into;multiple markets at once.;Committing themselves completely to foreign markets.;Focusing on;improving the domestic market to invest the returns in international markets.;Question 10;impedes the ability of a person to assess a foreign market in its true;light.;Nativism;Pluralism;Xenocentrism;Ethnocentrism;Relativism;0.5 points;Question 11;After World War II, the United States led efforts like the Marshall Plan to;assist in rebuilding Europe, financial and industrial development assistance to;rebuild Japan, and funds channeled to foster economic growth in the underdeveloped;world. These efforts were primarily aimed at;halting the growth of Nazi Germany.;dampening the spread of communism.;dissolving the colonial powers.;building a stronger defense force.;creating a worldwide trade bloc to counter the OPEC countries' clout.;Question 12;The Foreign Corrupt Practices Act (FCPA) is specifically addressed in the;section of the Omnibus Trade and Competitiveness act.;market access;export expansion;import relief;foreign exchange regulation;trade deficit;Question 13;Which of the following acronyms refers to the international forum that was;created for member countries to engage in the negotiation of tariffs and other;barriers to trade?;UNHCR;GATT;WMO;NPT;UNDP;Question 14;Which section of the Omnibus Trade and Competitiveness Act recognizes that;foreign penetration of U.S. markets can cause serious competitive pressure;loss of market share, and, occasionally, severe financial harm?;The market access section.;The export expansion section.;The import relief section.;The foreign exchange regulation section.;The trade deficit section.;Question 15;After World War II, the United States set out to infuse the ideal of capitalism;throughout as much of the world as possible. The _____, aimed at assisting in;rebuilding Europe, is the plan most closely associated with this endeavor.;Eisenhower Plan;Marshall Plan;Bradley Plan;Roosevelt Plan;Truman Plan;Question;16;What was the outcome for the GATT after the ratification of the Uruguay Round;agreements?;With the ratification of the Uruguay Round agreements, the GATT became part;of the World Trade Organization (WTO) in 1995, and its 117 original members;moved into a new era of free trade.;It became part of the World;Trade Organization.;It led to the uneven distribution of economic power and potential.;The European Union decided to stay away from the treaty.;The original purpose was sidelined in favor of political and military;intervention between member states.;Question 17;An agreement signed willingly between the importing country and the exporting;country for a restriction on the volume of exports is called a;None of these.;tariff.;voluntary export restraint.;special interests' privilege.;balance-of-payment.;Question 18;Randall Smithe-Jones believes that protectionism is the only way to save the;United Kingdom from outside competitors. He has seen small businesses go;bankrupt because cheaper foreign goods have been more popular. The cell-phone;manufacturing industry has just started in U.K and Smithe-Jones' company is one;of the first to try its hand at cell-phone manufacturing. Which of the;following would probably be the argument that Smithe-Jones would use to;persuade his government representatives that protectionism is still needed in;the U.K.?;Protection of an infant industry.;The need to keep money at home.;Conservation of natural resources.;National defense.;Maintenance of standard of living.;Question 19;Which of the following types of nontariff barriers strictly falls under the;category of specific limitations on trade?;Import credit discriminations;Export subsidies;Voluntary export restraints;Embargoes;Packaging, labeling, or marking standards;Question 20;and the World Bank Group are two global institutions created primarily to;assist nations in becoming and remaining economically viable.;The United Nations;The World Court;The International Monetary;Fund;The International Red Cross;The League of Nations


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