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Devry BUSN427 Final exam 2014




Question;Page 1;Question 1.1.(TCO 1) For emerging;nations, what is the level of income per capita where greater;environmental protection causes pollutant levels to decline? (Points: 5);$2,500$8,000$15,500$20,000;Question 2.2.(TCO 2) According to;Francis Fukuyama, the collapse of communism in eastern Europe was;followed by which of the following? (Points;5);The new world orderThe end of historyThe universalization of;Western democracyNone of the aboveAll of the above;Question 3.3.(TCO 3) The values and;norms of culture are determined by which of the following? (Points: 5);ReligionNews mediaFreedom of travelGeography;Question 4.4.(TCO 3) Which theory deals;with competitive advantage for countries? (Points;5);Herckscher-OhlinAdam Smith?s Wealth of;NationsProduct Life-Cycle TheoryThe Leontief ParadoxNone of the above;Question 5.5.(TCO 4) In the last 30;years, the world economy has seen (Points;5);a marked increase in both the;flow and stock of FDI.a slowing of FDI overall.FDI grow but more slowly than;world trade.a shift away from free-market;economies.;Question 6.6.(TCO 5) Chile is included;in which of the following regional integrations organizations? (Points: 5);MERCCOSURAndean CommunityNAFTAAPECNone of the above;Question 7.7.(TCO 6) When a firm engages;in hedging it is (Points: 5);ensuring against a risk in;the foreign exchange.violating a law on foreign; danger of violating the;Foreign Corrupt Practices Act.investing in a hedge fund to;maximize its return to shareholders.;Page 2;Question 1. 1. (TCO 8) What are the various types of;countertrade available? (Points: 10);Question 2. 2. (TCO 8) In distribution strategy, what are;the four main differences between countries? (Points: 10);Question 3. 3. (TCO 3) Are the concerns of those opposing;Turkey?s admittance to the European Union well-founded? Can Islam, capitalism;and globalization coexist? (Points: 20);Question 4. 4. (TCO 3) In 2006, two Chinese journalists reported;that the working conditions at Hongfujin Precision Industries where Apple?s;iPods are produced were substandard. According to the report, not only were;workers at the plant poorly paid, but they were also forced to work overtime.;Apple immediately responded to the allegations and audited the factory in;question. However, managers at the factory filed a defamation lawsuit against;the two journalists. Despite the fact that Apple?s audit did indeed show;substandard working conditions at the factory, Hongfujin did not withdraw the;lawsuit. Eventually the Reporters Without Borders group took up the case for;the two reporters and the lawsuit was dropped.;Should Apple be responsible for ensuring that its suppliers;are safeguarding the basic rights and dignity of its employees? How can Apple;be sure that its suppliers do not employ sweatshop labor? (Points: 20);Question 5. 5. (TCO 3) Bangladesh, a very poor country, has;been able to grow even during the most recent global recession thanks to its;strong textile industry. Bangladesh, with its low wages, large investments in;textile technology, and strong network of supporting industries is now one of;the world?s lowest cost producers of textiles. The country has been able to;capitalize on these advantages to increase its exports of textiles to $10.7;billion, up from $9.3 billion in 2007.;How has Bangladesh benefitted from free trade and;globalization? What did the end of the quota system mean for the country?;(Points: 20);Question 6. 6. (TCO 4) Telefonica is a Spanish;telecommunications firm. For decades, Telefonica had operated as a typical;state-owned enterprise, but privatization and deregulation changed that path in;the 1990s. Telefonica began to aggressively pursue expansion opportunities in;Latin America where it quickly became the number one or two player in nearly;every country. Later, Telefonica turned its sights on Europe where its;acquisitions helped transform the company into the second biggest mobile phone;operator in the world.;What changes in political and economic environment allowed;Telefoncia to start expanding globally? Why did Telefonica initially focus on;Latin America? Why was it slower to expand in Europe even though Spain is a;member of the European Union? (Points: 20);Question 7.7. (TCO 7) Why did the world shift from a gold;standard to fixed exchange rates? (Points: 5);Gold is;expensive to ship around the world.;A more;convenient means of financing world trade was needed.;The volume of;world trade increased.;All of the;above;Page 3;Question 1. 1. (TCO 5) Under the North American Free Trade;Agreement (NAFTA), Mexican truckers were to have been allowed to drive their;trucks directly into the United States and avoid the costly and time-consuming;border unloading and loading that took place prior to the agreement. However;fearing job losses in the industry, the U.S. Teamsters Union rigorously opposed;the legislation. Although the group ultimately lost its fight, the United;States still did not give Mexican truckers freedom to deliver their goods;prompting Mexico to institute retaliatory measures affecting $2.4 billion of;goods exported from the United States.;Why did the United States respond to the concerns of the;Teamsters? Why are those affected by Mexico?s retaliatory tariffs not lobbying;congress for relief? Should the United States protect the Teamsters at the;expense of agricultural exporters in California and Washington? (Points: 20);Question 2. 2. (TCO 6) In the 1980s, Caterpillar was;negatively affected by a strong dollar and lost significant market share to;Japanese competitor Komatsu. The situation prompted Caterpillar to revise its;global strategy and by the 2000s, the company was in a much better position to;deal with volatile currency values. More recently, a strong dollar has actually;helped boost Caterpillar?s bottom line.;In the 1980s, a stronger dollar hurt Caterpillar?s;competitive position, but in 2008 a stronger dollar did not seem to have the;same effect. What had changed? (Points: 20);Question 3. 3. (TCO 7) In 2008, oil prices reached new highs;as a result of higher than expected demand, tight supplies, and perceived;geopolitical risks. Because oil is priced in dollars, oil producers have seen;their dollar reserves increase significantly. Now, speculation abounds as to;what will happen to the petrodollars. Some believe that the dollars will go;toward public infrastructure projects, others think that it is more likely that;investments will be made in dollar denominated assets like U.S. bonds, stocks;and real estate, or in nondollar denominated assets such as European or;Japanese bonds and stocks.;With oil prices at record highs, there is significant speculation;as to what oil producing states will do with the dollars they are earning.;Discuss how a decision to invest in nondollar denominated assets could affect;the value of the U.S. dollar. (Points: 30);Question 4. 4. (TCO 8) Vellus Products is a small company;that produces personal care products for dogs. Vellus Products initially began;exporting when a Taiwanese business placed an order for its dog shampoo. Since;then, Vellus Products has expanded its export business and today, international;sales account for about half its total sales. Vellus Products now sells in 28;countries around the world.;Can other small companies learn from the experiences of;Vellus Products? Reflect on the tips of Vellus Products? founder Sharon Doherty;for beginning the export process. (Points: 30);Question 5. 5. (TCO 8) Boeing made the decision to outsource;much of the production of the 787 in the hopes of significantly reducing the;time to get the product to market. Boeing also anticipated that its outsourcing;strategy would allow it to generate additional sales from the countries that;were partners in the process and reduce its costs and risks. Although Boeing?s;strategy worked for some components, for other parts the strategy was a;disaster. Suppliers were late and some produced poor-quality parts, forcing;Boeing to commit additional resources to the project.;What are the benefits to Boeing of outsourcing so much work;on the 787 to foreign suppliers? What are the potential risks? Do the benefits;outweigh the risks? (Points: 30);Question 6. 6. (TCO 8) By 2015, Ford hopes to compete in;North America, Europe, and Asia by offering several global models including the;Fiesta, the Fusion, and the Mondeo. The company, which refers to its new;strategy as One Ford, anticipates that its global models will share the same;components and looks and be positioned in a similar way in each market in which;they are sold.;What is behind Ford?s One Ford vision? What is the company;hoping to accomplish with this strategy? (Points: 30)


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