Details of this Paper

Saint GBA440 midterm exam

Description

solution


Question

Question;Grade Details - All QuestionsQuestion 1. Question;All goods and services purchased abroad and brought into a;country are called ________. Student Answer: domestic products exports national products CORRECT imports Points Received: 1 of 1 Comments: Question 2. Question;Tacky Toys, a U.S.-based toy retailer, buys all its;merchandise from Mushi Toys, a Japan-based toy manufacturer with production;facilities in 12 nations. Mushi Toys markets its toys globally without;modification. Mushi Toys selling its products to Tacky Toys is an example of;Student Answer: importing bartering CORRECT exporting globalization Points Received: 1 of 1 Comments: Question 3. Question;Which of the following refers to convergence in buyer;preferences in markets around the world? Student Answer: Homogenization of;markets CORRECT Globalization of markets Internationalization of markets Denationalization of markets Points Received: 1 of 1 Comments: Question 4. Question;Which of the following is an example of the globalization of;production? Student Answer: Canadian;consumers buy foods imported from Australia A Chinese company sells textiles to European car;makers CORRECT A U.S. company builds a;manufacturing facility in India A Swiss watch manufacturer builds a;manufacturing facility in Switzerland Points Received: 1 of 1 Comments: Question 5. Question;The purpose of the General Agreement on Tariffs and Trade;(GATT) was to ________. Student Answer: create an;international currency regulate exchange rates create regional trade organizations CORRECT promote free trade Points Received: 1 of 1 Comments: Question 6. Question;A limit placed on the quantity of an imported product is;known as which of the following? Student Answer: Import sanction Tariff Embargo CORRECT Nontariff barrier Points Received: 1 of 1 Comments: Question 7. Question;The three main goals of the ________ are to help the free;flow of trade, help negotiate the further opening of markets, and settle trade;disputes between its members. Student Answer: General Agreement;on Tariffs and Trade (GATT) CORRECT World Trade Organization (WTO) World Bank International Monetary Fund (IMF) Points Received: 1 of 1 Comments: Question 8. Question;Last year, Sabrina Shin started a business selling all types;of spices and hot sauces. The business is small but this entrepreneur's dreams;are big. Given limited demand and sales fluctuations in the domestic market;Sabrina has been considering going international. Yet she has little;information, many doubts, and no guidance. If Sabrina needs $500,000 to expand;her business internationally, which of the following organizations might best;be able to assist her? Student Answer: Export-Import;Bank World Trade Organization CORRECT Small Business Administration International Monetary Fund Points Received: 1 of 1 Comments: Question 9. Question;The first age of globalization extended from ________. Student Answer: the mid-1700s to the;1850s CORRECT the mid-1800s to the 1920s 1920 to 1950 1960 to 2000 Points Received: 1 of 1 Comments: Question 10. Question;Which of the following terms is used to refer to widespread;job turnover throughout an economy? Student Answer: Redeployment CORRECT Churning Wage differentials Attrition spectrum Points Received: 1 of 1 Comments: Question 11. Question;The "global business environment" consists of four;distinct elements: globalization, national business environments, the;international business environment, and ________. Student Answer: falling trade and;investment barriers CORRECT international firm management technological innovation multinational corporations Points Received: 1 of 1 Comments: Question 12. Question;Which of the following terms is used to refer to the;positive or negative evaluations, feelings, and tendencies that individuals;harbor toward objects or concepts? Student Answer: Customs CORRECT Attitudes Manners Values Points Received: 1 of 1 Comments: Question 13. Question;Which of the following refers to the process whereby;cultural traits spread from one culture to another? Student Answer: Cultural;imperialism Social mobility CORRECT Cultural diffusion Cultural literacy Points Received: 1 of 1 Comments: Question 14. Question;Which of the following terms is used to refer to behavior;that is shared by a heterogeneous group or by several groups? Student Answer: Manners Lingua franca CORRECT Popular custom Folk custom Points Received: 1 of 1 Comments: Question 15. Question;A ________ is a system of social stratification in which;personal ability and actions determine an individual's social status and;mobility. Student Answer: genealogy system moksha system caste system CORRECT class system Points Received: 1 of 1 Comments: Question 16. Question;Which of the following statements about China is NOT true? Student Answer: China's;population includes more than 50 distinct ethnic groups. CORRECT The Chinese are outspoken and tend;to express what they think. Business people are considered important role;models for youth. China is home to most of Confucianism's 225;million followers. Points Received: 1 of 1 Comments: Question 17. Question;All of the following are dimensions developed by Hofstede;for examining cultures except ________. Student Answer: individualism;versus collectivism power distance uncertainty avoidance CORRECT caste system versus class system Points Received: 1 of 1 Comments: Question 18. Question;Sid Maxwell is head of legal affairs for Hudson Inc., a;producer of animal figurines that include an embedded software program that;makes animal sounds. Hudson is expanding its market to include parts of Asia;and Maxwell is concerned about reports of software piracy in the region. Which;of the following could Hudson obtain to protect its rights to the proprietary;software embedded in the figurines? Student Answer: Trademark Patent CORRECT Copyright Users license Points Received: 1 of 1 Comments: Question 19. Question;Global Trading, LLC, is a distributor of computer software;and hardware, steel and copper scrap, and telephone and electric utility;equipment. Involved in three very different types of industries, the company;faces many types of risks in its global business. Global Trading just learned;that the government in one country in which it does business has taken over the;entire electric utility industry. Had the government taken over (with;compensation) the assets of Global Trading but not those of any other company;the government's actions would be an example of ________. Student Answer: CORRECT expropriation nationalization confiscation communism Points Received: 1 of 1 Comments: Question 20. Question;Susan Smith works in marketing at Reconditioned;Refrigerators (R&R), a global manufacturing company. Susan knows that to;advance into upper management she must gain broader experience and was recently;told that she can choose from several locations in which R&R is active for;her first international assignment. Susan knows little about other nations;their cultures, and their political systems, so she has embarked on an;ambitious research project to make an informed decision. Susan's personal;political beliefs are congruent with those of a democracy. Susan's beliefs are;most likely reflected in which of the following political ideologies? Student Answer: Anarchism CORRECT Pluralism Totalitarianism Socialism Points Received: 1 of 1 Comments: Question 21. Question;A cultural relativist would most likely argue that ethical;truths are ________. Student Answer: consistent in;application CORRECT different from group to group based on ancient principles absolute across societies Points Received: 1 of 1 Comments: Question 22. Question;The Nike "Swoosh" is an example of a ________. Student Answer: patent fad copyright CORRECT trademark Points Received: 1 of 1 Comments: Question 23. Question;Which of the following legal systems is based on a detailed;set of written rules and statutes that constitute a legal code? Student Answer: International law CORRECT Civil law Tribal law Common law Points Received: 1 of 1 Comments: Question 24. Question;Which of the following is the broadest measure of economic;development? Student Answer: Gross domestic;product (GDP) Purchasing power parity (PPP) CORRECT Gross national product (GNP) Human development index (HDI) Points Received: 1 of 1 Comments: Question 25. Question;Which of the following is an example of a political motive;behind government intervention in trade? Student Answer: Promote a;strategic trade policy CORRECT Gain influence over other nations Protect against unwanted cultural influence Protect young industries from competition Points Received: 1 of 1 Comments: Question 26. Question;Which of the following is an example of an economic motive;for nations' attempts to influence international trade? Student Answer: CORRECT Pursue strategic trade policy Protect jobs Respond to "unfair" trade Preserve national security Points Received: 1 of 1 Comments: Question 27. Question;Companies seek cross-border mergers and acquisitions for;each of the following reasons EXCEPT to ________. Student Answer: get a foothold in;new geographic markets increase a firm's global competitiveness fill in gaps in companies' product lines in a;global industry CORRECT free up company budgets for;increased R & D Points Received: 1 of 1 Comments: Question 28. Question;The main difference between a free-trade area and a customs;union is that the members of a customs union ________. Student Answer: CORRECT agree to treat trade with all nonmember nations in a;similar manner agree to the free movement of all factors of;production harmonize their tax, monetary, and fiscal;policies and create a common currency INCORRECT accept a common stance on economic and;political policies regarding nonmember nations Points Received: 0 of 1 Comments: Question 29. Question;Which of these is not a component of the international;capital market? Student Answer: CORRECT Foreign exchange market International equity market Eurocurrency market International bond market Points Received: 1 of 1 Comments: Question 30. Question;Sandy Smith, vice president of marketing for a large;consumer products company, will soon travel to Colombia to spearhead an effort;to increase her company's presence there. Sandy is concerned about her safety;and has contacted a risk-assessment service for advice. Would Sandy most likely;increase her safety by establishing a daily routine traveling between the hotel;and office? Student Answer: Yes, because this;will help her feel more comfortable in an unfamiliar environment. CORRECT No, because kidnappers are likely;to watch for daily routines. Yes, because this will enable her to develop;relationships with neighbors on the same routines. No, because a regular routine would inhibit;her from blending in with the locals. Points Received: 1 of 1 Comments: Question 31. Question;Describe the evolution and the present state of the European;Union. Question 32. Question;Describe international trade including its potential;benefits, and explain why a nation trading with a neomercantilist country would;be at a disadvantage.;="msonormal">

 

Paper#52517 | Written in 18-Jul-2015

Price : $31
SiteLock