Question 1

The per-capita GDP of the United States in 2018 converted at market exchange rates is ________.

Accepted Answer

A)  $61,687 
B)  $5,715 
C)  $11,000 
D)  $87,300 
A)  $61,687 
B)  $5,715 
C)  $11,000 
D)  $87,300

Question 2

Developing economies ________.

Accepted Answer

A)  account for nearly two-thirds of world GDP 
B)  are often highly developed in historical and cultural terms 
C)  are characterized by high purchasing power 
D)  have a high literacy rate 
A)  account for nearly two-thirds of world GDP 
B)  are often highly developed in historical and cultural terms 
C)  are characterized by high purchasing power 
D)  have a high literacy rate

Question 3

________ in developing economies deter firms from these countries from participating in the global economy.

Accepted Answer

A)  Low trade volumes 
B)  Bureaucracy and red tape 
C)  High inward FDI 
D)  Lack of a rich cultural heritage 
A)  Low trade volumes 
B)  Bureaucracy and red tape 
C)  High inward FDI 
D)  Lack of a rich cultural heritage

Question 4

Which of the following best summarizes the argument in favor of microfinance?

Accepted Answer

A)  Microfinance ultimately leads to greater tax revenues for national governments. 
B)  Recently, mainstream banks have begun to view microfinance as the prime driver of advanced economies. 
C)  Microfinance allows the underprivileged to create businesses and improve their lives. 
D)  Microfinance alleviates the pressure on MNEs to support developing economies. 
A)  Microfinance ultimately leads to greater tax revenues for national governments. 
B)  Recently, mainstream banks have begun to view microfinance as the prime driver of advanced economies. 
C)  Microfinance allows the underprivileged to create businesses and improve their lives. 
D)  Microfinance alleviates the pressure on MNEs to support developing economies.

Question 5

Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s.

Accepted Answer

A) True 
 B)False

Question 6

Businesses foster economic and social development in in emerging markets and developing economies ________.

Accepted Answer

A)  through the mass production of cheap, low-quality goods 
B)  by using strategies developed decades ago and refined in mature advanced-economy markets 
C)  by developing community-oriented social programs 
D)  by implementing cost-effective production methods 
A)  through the mass production of cheap, low-quality goods 
B)  by using strategies developed decades ago and refined in mature advanced-economy markets 
C)  by developing community-oriented social programs 
D)  by implementing cost-effective production methods

Question 7

Emerging markets are home to high-wage, high-quality labor for manufacturing and assembly operations.

Accepted Answer

A) True 
 B)False

Question 8

Where are emerging markets mostly found? What are the factors contributing to their rapid growth?

Accepted Answer

Emerging markets are found in East and S

Question 9

Family conglomerates (FCs) might pose a challenge to firms trying to enter emerging markets because ________.

Accepted Answer

A)  FCs have no more knowledge in manufacturing and distribution than other private players 
B)  FCs are not required to pay taxes 
C)  the owners of FCs are often overly sympathetic to the bureaucratic state machinery 
D)  FCs enjoy substantial competitive advantages that overwhelm late entrants 
A)  FCs have no more knowledge in manufacturing and distribution than other private players 
B)  FCs are not required to pay taxes 
C)  the owners of FCs are often overly sympathetic to the bureaucratic state machinery 
D)  FCs enjoy substantial competitive advantages that overwhelm late entrants

Question 10

Bureaucracy and red tape in developing economies deter firms from these countries from participating in the global economy.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is/are proving vital to the development of Africa?

Accepted Answer

A)  landline telephony 
B)  protectionism 
C)  cell phones 
D)  high regulations 
A)  landline telephony 
B)  protectionism 
C)  cell phones 
D)  high regulations

Question 12

Which of the following emerging market economies has the largest middle-class population?

Accepted Answer

A)  India 
B)  Russia 
C)  Brazil 
D)  China 
A)  India 
B)  Russia 
C)  Brazil 
D)  China

Question 13

Advanced economies account for about ________ percent of the world population.

Accepted Answer

A)  14 
B)  42 
C)  61 
D)  5 
A)  14 
B)  42 
C)  61 
D)  5

Question 14

Write a short essay on technology and emerging markets.

Accepted Answer

The developing economies are at a very e

Question 15

In a short essay, explain why family conglomerates dominate emerging markets. What are the benefits to foreign firms who collaborate with FCs in order to do business in emerging markets?

Accepted Answer

Many emerging market economies are domin

Question 16

Economic Development Workshop (Scenario)
Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development.
-Which of the following is TRUE about emerging market economies in international business?

Accepted Answer

A)  They account for nearly two-thirds of world GDP and host the world's largest MNEs. 
B)  They have tremendous purchasing power with minimal restrictions on international trade and investment. 
C)  These markets have evolved from manufacturing economies to service-based economies. 
D)  Businesses in emerging markets are important targets for machinery, equipment, and technology sales. 
A)  They account for nearly two-thirds of world GDP and host the world's largest MNEs. 
B)  They have tremendous purchasing power with minimal restrictions on international trade and investment. 
C)  These markets have evolved from manufacturing economies to service-based economies. 
D)  Businesses in emerging markets are important targets for machinery, equipment, and technology sales.

Question 17

Write a short essay on emerging markets as target markets for international business.

Accepted Answer

Emerging markets have become important t

Question 18

Certain emerging markets that have evolved from centrally planned economies to liberalized markets are called transition economies.

Accepted Answer

A) True 
 B)False

Question 19

Economists estimate real buying power by calculating GDP statistics based on purchasing power parity.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a benefit to a foreign firm collaborating with a family conglomerate in an emerging market?

Accepted Answer

A)  reduced capital requirements 
B)  complete exemption from paying taxes 
C)  complete protection from intellectual property rights violations 
D)  low dependence on technology 
A)  reduced capital requirements 
B)  complete exemption from paying taxes 
C)  complete protection from intellectual property rights violations 
D)  low dependence on technology

The per-capita GDP of the United States in 2018 converted at market exchange rates is ________.

Developing economies ________.

________ in developing economies deter firms from these countries from participating in the global economy.

Which of the following best summarizes the argument in favor of microfinance?

Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s.

Businesses foster economic and social development in in emerging markets and developing economies ________.

Emerging markets are home to high-wage, high-quality labor for manufacturing and assembly operations.

Where are emerging markets mostly found? What are the factors contributing to their rapid growth?

Family conglomerates (FCs) might pose a challenge to firms trying to enter emerging markets because ________.

Bureaucracy and red tape in developing economies deter firms from these countries from participating in the global economy.

Which of the following is/are proving vital to the development of Africa?

Which of the following emerging market economies has the largest middle-class population?

Advanced economies account for about ________ percent of the world population.

Write a short essay on technology and emerging markets.

In a short essay, explain why family conglomerates dominate emerging markets. What are the benefits to foreign firms who collaborate with FCs in order to do business in emerging markets?

Write a short essay on emerging markets as target markets for international business.

Certain emerging markets that have evolved from centrally planned economies to liberalized markets are called transition economies.

Economists estimate real buying power by calculating GDP statistics based on purchasing power parity.

Which of the following is a benefit to a foreign firm collaborating with a family conglomerate in an emerging market?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance in International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 8: Understanding Emerging Markets

The per-capita GDP of the United States in 2018 converted at market exchange rates is ________.

Developing economies ________.

________ in developing economies deter firms from these countries from participating in the global economy.

Which of the following best summarizes the argument in favor of microfinance?

Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s.

Businesses foster economic and social development in in emerging markets and developing economies ________.

Emerging markets are home to high-wage, high-quality labor for manufacturing and assembly operations.

Where are emerging markets mostly found? What are the factors contributing to their rapid growth?

Family conglomerates (FCs) might pose a challenge to firms trying to enter emerging markets because ________.

Bureaucracy and red tape in developing economies deter firms from these countries from participating in the global economy.

Which of the following is/are proving vital to the development of Africa?

Which of the following emerging market economies has the largest middle-class population?

Advanced economies account for about ________ percent of the world population.

Write a short essay on technology and emerging markets.

In a short essay, explain why family conglomerates dominate emerging markets. What are the benefits to foreign firms who collaborate with FCs in order to do business in emerging markets?

Write a short essay on emerging markets as target markets for international business.

Certain emerging markets that have evolved from centrally planned economies to liberalized markets are called transition economies.

Economists estimate real buying power by calculating GDP statistics based on purchasing power parity.

Which of the following is a benefit to a foreign firm collaborating with a family conglomerate in an emerging market?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance in International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters