Question 1

A country's currency would be overvalued if the Big Mac price (converted to dollars)is lower than the U.S.price.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following is true about the Triad?

Accepted Answer

A) Triad countries account for approximately one-third of world income and one- third of world population. 
B) Triad countries account for approximately 75% of world income as measured by GNP. 
C) Triad countries are those in which consumer products, industrial products, and the services sector each contribute one-third to GDP. 
D) Triad countries account for approximately 25% of world income as measured by GNP. 
E) Triad countries account for approximately 50% of world income as measured by the World Bank. 
A) Triad countries account for approximately one-third of world income and one- third of world population. 
B) Triad countries account for approximately 75% of world income as measured by GNP. 
C) Triad countries are those in which consumer products, industrial products, and the services sector each contribute one-third to GDP. 
D) Triad countries account for approximately 25% of world income as measured by GNP. 
E) Triad countries account for approximately 50% of world income as measured by the World Bank. B

Question 3

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success, based on author William Greider's analysis, what are the realities that executives and marketers should take into account in such a dynamic environment?

Accepted Answer

(a)Capital movements have replaced trade as the driving force of the world economy; (b)production has become "uncoupled" from employment; (c)the world economy dominates the scene; individual country economies play a subordinate role; (d)the struggle between capitalism and socialism is largely over; and (e)the growth of e-commerce diminishes the importance of national barriers and forces companies to reevaluate their business models.

Question 4

Singapore banned the import, manufacture, and sales of chewing gum in the country since wads of gum were making a mess on sidewalks, buses, and subway trains.Violators are subject to severe penalties, and before buying a pack consumers must register their names and addresses.This, according to author William Greider, demonstrates that Singapore's government:

Accepted Answer

A) is harshly autocratic. 
B) administers a paranoid control over Singaporeans. 
C) administers a paranoid control over press and politics. 
D) runs an effective welfare state. 
E) all of the above 
A) is harshly autocratic. 
B) administers a paranoid control over Singaporeans. 
C) administers a paranoid control over press and politics. 
D) runs an effective welfare state. 
E) all of the above

Question 5

The thirty nations that belong to the OECD, who believe in market-allocation economic systems and pluralistic democracy, addressed the vexing problem of bribery by requiring members to cooperate when pursuing bribery allegations.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following nations fall in the lower-middle-income category?

Accepted Answer

A) Burundi 
B) Bangladesh 
C) China 
D) Venezuela 
E) none of the above 
A) Burundi 
B) Bangladesh 
C) China 
D) Venezuela 
E) none of the above

Question 7

That Russia is being transformed by economic change can be witnessed in all of the following observations except:

Accepted Answer

A) affluent Russians can shop at boutiques that offer Versace. 
B) per capita gross national income in Russia is only $9370. 
C) the banking system in Russia is robust. 
D) Russian shoppers spend an estimated $4 billion each year on luxury goods. 
E) the Russian government lifted all currency controls. 
A) affluent Russians can shop at boutiques that offer Versace. 
B) per capita gross national income in Russia is only $9370. 
C) the banking system in Russia is robust. 
D) Russian shoppers spend an estimated $4 billion each year on luxury goods. 
E) the Russian government lifted all currency controls.

Question 8

A call option in foreign currency gives the buyer the right, not the obligation, to sell a specified number of foreign currency units at a fixed price, up to the option's expiration date.

Accepted Answer

A) True 
 B)False

Question 9

Although Bangladesh is categorized in the low-income countries, they have genuine market opportunities, particularly in the garment industry.

Accepted Answer

A) True 
 B)False

Question 10

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.

Accepted Answer

A) True 
 B)False

Question 11

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this, China is about half an elevator per thousand people.

Accepted Answer

A) True 
 B)False

Question 12

The Organization for Economic Cooperation and Development (OECD)is comprised of:

Accepted Answer

A) the 30 high-income countries. 
B) countries that believe in market-allocation economic systems. 
C) pluralistic democracies. 
D) countries that demonstrate progress toward economic reform. 
E) All of the above statements are applicable. 
A) the 30 high-income countries. 
B) countries that believe in market-allocation economic systems. 
C) pluralistic democracies. 
D) countries that demonstrate progress toward economic reform. 
E) All of the above statements are applicable.

Question 13

Due to globalization, it is easier to categorize economic systems within the confines of a four-cell matrix.

Accepted Answer

A) True 
 B)False

Question 14

The foreign exchange market consists literally of a buyer's and a seller's market where currencies are traded for both spot and future delivery on a continuous basis.The forward market is for immediate delivery and the spot market is for future delivery.

Accepted Answer

A) True 
 B)False

Question 15

Low-income countries have a GNI per capita of less than $996.The general characteristics shared by countries at this income level include all of the following except:

Accepted Answer

A) high literacy rates. 
B) high birth rates. 
C) heavy reliance on foreign aid. 
D) political unrest. 
E) high agricultural population. 
A) high literacy rates. 
B) high birth rates. 
C) heavy reliance on foreign aid. 
D) political unrest. 
E) high agricultural population.

Question 16

As per the listings of the 2011 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is heavily market-oriented.

Accepted Answer

A) True 
 B)False

Question 17

The greatest percentage of world GDP is in the following income group countries:

Accepted Answer

A) high-income countries. 
B) upper-middle-income countries. 
C) lower-middle-income countries. 
D) low-income countries. 
E) BRIC countries. 
A) high-income countries. 
B) upper-middle-income countries. 
C) lower-middle-income countries. 
D) low-income countries. 
E) BRIC countries.

Question 18

About 13% of the world population is included into the low-income economic countries category as per the World Bank classification system.

Accepted Answer

A) True 
 B)False

Question 19

During the past two decades production has become "uncoupled" from employment.

Accepted Answer

A) True 
 B)False

Question 20

When the world's leaders meet to discuss policy issues, non-governmental organizations (NGOs):

Accepted Answer

A) are included in meetings. 
B) often take advantage of the opportunity to make their voices heard. 
C) sign final documents. 
D) provide educational materials. 
E) are excluded from meetings. 
A) are included in meetings. 
B) often take advantage of the opportunity to make their voices heard. 
C) sign final documents. 
D) provide educational materials. 
E) are excluded from meetings.

A country's currency would be overvalued if the Big Mac price (converted to dollars)is lower than the U.S.price.

Which of the following is true about the Triad?

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success, based on author William Greider's analysis, what are the realities that executives and marketers should take into account in such a dynamic environment?

The thirty nations that belong to the OECD, who believe in market-allocation economic systems and pluralistic democracy, addressed the vexing problem of bribery by requiring members to cooperate when pursuing bribery allegations.

Which of the following nations fall in the lower-middle-income category?

That Russia is being transformed by economic change can be witnessed in all of the following observations except:

A call option in foreign currency gives the buyer the right, not the obligation, to sell a specified number of foreign currency units at a fixed price, up to the option's expiration date.

Although Bangladesh is categorized in the low-income countries, they have genuine market opportunities, particularly in the garment industry.

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this, China is about half an elevator per thousand people.

The Organization for Economic Cooperation and Development (OECD)is comprised of:

Due to globalization, it is easier to categorize economic systems within the confines of a four-cell matrix.

The foreign exchange market consists literally of a buyer's and a seller's market where currencies are traded for both spot and future delivery on a continuous basis.The forward market is for immediate delivery and the spot market is for future delivery.

Low-income countries have a GNI per capita of less than $996.The general characteristics shared by countries at this income level include all of the following except:

As per the listings of the 2011 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is heavily market-oriented.

The greatest percentage of world GDP is in the following income group countries:

About 13% of the world population is included into the low-income economic countries category as per the World Bank classification system.

During the past two decades production has become "uncoupled" from employment.

When the world's leaders meet to discuss policy issues, non-governmental organizations (NGOs):

Introduction to Global Marketing

Regional Market Characteristics and Preferential Trade Agreements

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing, Exporting, and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 2: The Global Economic Environment

A country's currency would be overvalued if the Big Mac price (converted to dollars)is lower than the U.S.price.

Which of the following is true about the Triad?

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success, based on author William Greider's analysis, what are the realities that executives and marketers should take into account in such a dynamic environment?

The thirty nations that belong to the OECD, who believe in market-allocation economic systems and pluralistic democracy, addressed the vexing problem of bribery by requiring members to cooperate when pursuing bribery allegations.

Which of the following nations fall in the lower-middle-income category?

That Russia is being transformed by economic change can be witnessed in all of the following observations except:

A call option in foreign currency gives the buyer the right, not the obligation, to sell a specified number of foreign currency units at a fixed price, up to the option's expiration date.

Although Bangladesh is categorized in the low-income countries, they have genuine market opportunities, particularly in the garment industry.

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this, China is about half an elevator per thousand people.

The Organization for Economic Cooperation and Development (OECD)is comprised of:

Due to globalization, it is easier to categorize economic systems within the confines of a four-cell matrix.

The foreign exchange market consists literally of a buyer's and a seller's market where currencies are traded for both spot and future delivery on a continuous basis.The forward market is for immediate delivery and the spot market is for future delivery.

Low-income countries have a GNI per capita of less than $996.The general characteristics shared by countries at this income level include all of the following except:

As per the listings of the 2011 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is heavily market-oriented.

The greatest percentage of world GDP is in the following income group countries:

About 13% of the world population is included into the low-income economic countries category as per the World Bank classification system.

During the past two decades production has become "uncoupled" from employment.

When the world's leaders meet to discuss policy issues, non-governmental organizations (NGOs):

Introduction to Global Marketing

Regional Market Characteristics and Preferential Trade Agreements

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing, Exporting, and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters