Question 1

The General Agreement on Tariffs and Trade is an international organization whose goal is to reduce or eliminate tariffs and other barriers to world trade.

Accepted Answer

A) True 
 B)False  True

Question 2

Match the Brand to the Country
If the following brands or product carried a passport, in what country would it be issued?
-Nokia __________

Accepted Answer

A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom 
A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom D

Question 3

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-In China, the status of every business negotiation is

Accepted Answer

A)  reported daily in the press. 
B)  private, and details are not discussed publicly. 
C)  subjected to scrutiny by a public tribunal on a regular basis. 
D)  directed by the elders of every commune. 
A)  reported daily in the press. 
B)  private, and details are not discussed publicly. 
C)  subjected to scrutiny by a public tribunal on a regular basis. 
D)  directed by the elders of every commune. B

Question 4

Match the Brand to the Country
If the following brands or product carried a passport, in what country would it be issued?
-Nintendo __________

Accepted Answer

A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom 
A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom

Question 5

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-In Japan, loudly slurping your soup is considered to be

Accepted Answer

A)  rude and obnoxious. 
B)  a sign that you like the soup. 
C)  okay at home but not in public. 
D)  something only foreigners do. 
A)  rude and obnoxious. 
B)  a sign that you like the soup. 
C)  okay at home but not in public. 
D)  something only foreigners do.

Question 6

Which of the following arranges the sale of products to foreign intermediaries for a commission or fee?

Accepted Answer

A)  Export-import merchant 
B)  Export-import agent 
C)  Sales office or branches 
D)  Joint venture 
E)  Franchisor 
A)  Export-import merchant 
B)  Export-import agent 
C)  Sales office or branches 
D)  Joint venture 
E)  Franchisor

Question 7

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-In some South American countries, it is considered normal and acceptable to show up for a social ap-pointment

Accepted Answer

A)  10 to 15 minutes early. 
B)  10 to 15 minutes late. 
C)  15 minutes to an hour late. 
D)  one to two hours late. 
A)  10 to 15 minutes early. 
B)  10 to 15 minutes late. 
C)  15 minutes to an hour late. 
D)  one to two hours late.

Question 8

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-If you order "bubble and squeak" in a London pub, you will get

Accepted Answer

A)  two goldfish fried in olive oil. 
B)  a very cold beer in a chilled glass, rather than the usual warm beer. 
C)  Alka Seltzer and a glass of water. 
D)  chopped cabbage and mashed potatoes fried together. 
A)  two goldfish fried in olive oil. 
B)  a very cold beer in a chilled glass, rather than the usual warm beer. 
C)  Alka Seltzer and a glass of water. 
D)  chopped cabbage and mashed potatoes fried together.

Question 9

An argument against trade restrictions is that they limit consumers' choices.

Accepted Answer

A) True 
 B)False

Question 10

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-The doors in German offices and homes are generally kept

Accepted Answer

A)  wide open to symbolize an acceptance and welcome of friends and strangers. 
B)  slightly ajar to suggest that people should knock before entering. 
C)  half-opened suggesting that some people are welcome and others are not. 
D)  tightly shut to preserve privacy and personal space. 
A)  wide open to symbolize an acceptance and welcome of friends and strangers. 
B)  slightly ajar to suggest that people should knock before entering. 
C)  half-opened suggesting that some people are welcome and others are not. 
D)  tightly shut to preserve privacy and personal space.

Question 11

Exporting is purchasing raw materials or products in other nations and bringing them into one's own country.

Accepted Answer

A) True 
 B)False

Question 12

An argument against trade restriction is

Accepted Answer

A)  to retaliate for another nation's trade restrictions. 
B)  to protect new or weak industries. 
C)  to protect national security. 
D)  misallocation of international resources. 
E)  to protect the health of citizens. 
A)  to retaliate for another nation's trade restrictions. 
B)  to protect new or weak industries. 
C)  to protect national security. 
D)  misallocation of international resources. 
E)  to protect the health of citizens.

Question 13

Match the Brand to the Country
If the following brands or product carried a passport, in what country would it be issued?
-Bic Pens __________

Accepted Answer

A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom 
A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom

Question 14

An international bank that makes short-term loans to countries experiencing balance-of-payment deficits is the

Accepted Answer

A)  Ex-Im Bank. 
B)  International Monetary Fund. 
C)  Export-Import Bank of the United States. 
D)  multilateral development bank. 
E)  World Bank. 
A)  Ex-Im Bank. 
B)  International Monetary Fund. 
C)  Export-Import Bank of the United States. 
D)  multilateral development bank. 
E)  World Bank.

Question 15

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-In Thailand,

Accepted Answer

A)  it is common to see men walking along holding hands. 
B)  it is common to see a man and a woman holding hands in public. 
C)  it is rude for men and women to walk together. 
D)  men and women traditionally kiss each other upon meeting in the street. 
A)  it is common to see men walking along holding hands. 
B)  it is common to see a man and a woman holding hands in public. 
C)  it is rude for men and women to walk together. 
D)  men and women traditionally kiss each other upon meeting in the street.

Question 16

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-When rewarding a Hispanic worker for a job well done, it is best not to

Accepted Answer

A)  praise him or her publicly. 
B)  say "thank you." 
C)  offer a raise. 
D)  offer a promotion. 
A)  praise him or her publicly. 
B)  say "thank you." 
C)  offer a raise. 
D)  offer a promotion.

Question 17

Background
Few, if any, traditions and values are universally held. Many business dealings have succeeded or failed because of a manager's awareness or lack of understanding of the traditions and values of his or her foreign counterparts. With the world business community so closely intertwined and interdependent, it is critical that managers today become increasingly aware of the differences that exist.
How culturally aware are you? Try the questions below.
-In Latin America, businesspeople

Accepted Answer

A)  consider it impolite to make eye contact while talking to one another. 
B)  always wait until the other person is finished speaking before starting to speak. 
C)  touch each other more than North Americans do under similar circumstances. 
D)  avoid touching one another as it is considered an invasion of privacy. 
A)  consider it impolite to make eye contact while talking to one another. 
B)  always wait until the other person is finished speaking before starting to speak. 
C)  touch each other more than North Americans do under similar circumstances. 
D)  avoid touching one another as it is considered an invasion of privacy.

Question 18

An argument for trade restriction is that it protects national security.

Accepted Answer

A) True 
 B)False

Question 19

Match the Brand to the Country
If the following brands or product carried a passport, in what country would it be issued?
-Heineken __________

Accepted Answer

A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom 
A)  Sweden 
B)  France 
C)  United States 
D)  Finland 
E)  Switzerland
F) Japan
G) Germany
H) Netherlands
I) United Kingdom

Question 20

A type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time is

Accepted Answer

A)  a tariff. 
B)  an import quota. 
C)  an embargo. 
D)  foreign-exchange control. 
E)  currency devaluation. 
A)  a tariff. 
B)  an import quota. 
C)  an embargo. 
D)  foreign-exchange control. 
E)  currency devaluation.

The General Agreement on Tariffs and Trade is an international organization whose goal is to reduce or eliminate tariffs and other barriers to world trade.

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Nokia __________

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Nintendo __________

Which of the following arranges the sale of products to foreign intermediaries for a commission or fee?

An argument against trade restrictions is that they limit consumers' choices.

Exporting is purchasing raw materials or products in other nations and bringing them into one's own country.

An argument against trade restriction is

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Bic Pens __________

An international bank that makes short-term loans to countries experiencing balance-of-payment deficits is the

An argument for trade restriction is that it protects national security.

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Heineken __________

A type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time is

Exploring the World of Business and Economics

Ethics and Social Responsibility in Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Exploring Social Media and E-Business

Using Management and Accounting Information

Mastering Financial Management

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Exam 3: Global Business

The General Agreement on Tariffs and Trade is an international organization whose goal is to reduce or eliminate tariffs and other barriers to world trade.

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Nokia __________

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Nintendo __________

Which of the following arranges the sale of products to foreign intermediaries for a commission or fee?

An argument against trade restrictions is that they limit consumers' choices.

Exporting is purchasing raw materials or products in other nations and bringing them into one's own country.

An argument against trade restriction is

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Bic Pens __________

An international bank that makes short-term loans to countries experiencing balance-of-payment deficits is the

An argument for trade restriction is that it protects national security.

Match the Brand to the Country If the following brands or product carried a passport, in what country would it be issued? -Heineken __________

A type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time is

Exploring the World of Business and Economics

Ethics and Social Responsibility in Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Exploring Social Media and E-Business

Using Management and Accounting Information

Mastering Financial Management

Filters