Question 1

The demise of communism as an economic and political system can be explained by all of the following facts except:

Accepted Answer

A) communism is not an effective economic system. 
B) relatively superior performance of the world's market economies. 
C) communism works when the currency exchange rate is weak. 
D) difficult to manage national economies with a single central plan. 
E) increased public participation in matters of state. 
A) communism is not an effective economic system. 
B) relatively superior performance of the world's market economies. 
C) communism works when the currency exchange rate is weak. 
D) difficult to manage national economies with a single central plan. 
E) increased public participation in matters of state.

Question 2

One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%. When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this?

Accepted Answer

A) Japan's Central Bank acted to prop up the yen. 
B) Inflation in Japan suddenly spiked upward. 
C) McDonald's headquarters stopped hedging. 
D) McDonald's Japan reduced the yen price of a Big Mac. 
E) McDonald's Japan increased the yen price of a Big Mac. 
A) Japan's Central Bank acted to prop up the yen. 
B) Inflation in Japan suddenly spiked upward. 
C) McDonald's headquarters stopped hedging. 
D) McDonald's Japan reduced the yen price of a Big Mac. 
E) McDonald's Japan increased the yen price of a Big Mac.

Question 3

Myanmar people are very similar to Japanese in some ways.

Accepted Answer

A) True 
 B)False

Question 4

What are some of the challenges faced by marketers in relation to the newly formed smaller countries? Explain giving examples.

Accepted Answer

There are several challenges faced by ma

Question 5

According to the authors of the Harvard Business Review article, "Serving the World's Poor, Profitably," which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

Accepted Answer

A) The poor have no money. 
B) The poor are too concerned with fulfilling basic needs to "waste" money on nonessential goods. 
C) People in BOP markets will be criticized for exploiting the poor. 
D) People in BOP markets cannot use advanced technology. 
E) All of the above are mistaken assumptions discussed by the authors. 
A) The poor have no money. 
B) The poor are too concerned with fulfilling basic needs to "waste" money on nonessential goods. 
C) People in BOP markets will be criticized for exploiting the poor. 
D) People in BOP markets cannot use advanced technology. 
E) All of the above are mistaken assumptions discussed by the authors.

Question 6

Upper-middle-income countries, also known as industrializing or developing countries are those with GNI per capita ranging from:

Accepted Answer

A) $996 to $ 4,125. 
B) $4,126 to $12,475. 
C) $12,475 or higher. 
D) less than $995. 
E) none of the above 
A) $996 to $ 4,125. 
B) $4,126 to $12,475. 
C) $12,475 or higher. 
D) less than $995. 
E) none of the above

Question 7

The fastest-growing sector of world trade includes:

Accepted Answer

A) travel and entertainment. 
B) accounting and legal services. 
C) royalties and license fees. 
D) engineering services. 
E) all of the above 
A) travel and entertainment. 
B) accounting and legal services. 
C) royalties and license fees. 
D) engineering services. 
E) all of the above

Question 8

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

Question 9

The Organization for Economic Cooperation and Development (OECD)has become more focused on global issues, social policy, and labor market regulations as seen by:

Accepted Answer

A) addressing the vexing problem of bribery. 
B) requiring members to cooperate when pursuing bribery allegations. 
C) helping members candidly assess their own economic policies. 
D) member nations working together in committees to review social policies. 
E) all of the above 
A) addressing the vexing problem of bribery. 
B) requiring members to cooperate when pursuing bribery allegations. 
C) helping members candidly assess their own economic policies. 
D) member nations working together in committees to review social policies. 
E) all of the above

Question 10

If an American tourist in Tokyo pays more in dollars for the same amount of yen that she bought last week, then:

Accepted Answer

A) a Japanese tourist in San Francisco pays more in yen for the same amount of dollars that she bought the week before. 
B) the dollar has depreciated relative to the yen. 
C) the yen has depreciated relative to the dollar. 
D) the dollar has appreciated relative to the yen. 
E) the dollar and yen both remained same in value. 
A) a Japanese tourist in San Francisco pays more in yen for the same amount of dollars that she bought the week before. 
B) the dollar has depreciated relative to the yen. 
C) the yen has depreciated relative to the dollar. 
D) the dollar has appreciated relative to the yen. 
E) the dollar and yen both remained same in value.

Question 11

In centrally planned socialism economic systems, the state allocates resources, whereas production resources are privately owned.

Accepted Answer

A) True 
 B)False

Question 12

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 13

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

Accepted Answer

A) True 
 B)False

Question 14

Myanmar, a low-income country in Southeast Asia with a population of 65 million people, can be considered as an emerging markets.

Accepted Answer

A) True 
 B)False

Question 15

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.

Question 16

When a company conducts business across boundaries in countries with different currencies, it is thrust into the turbulent world of exchange risk.

Accepted Answer

A) True 
 B)False

Question 17

The term "Expanded Triad" includes all of the following countries or regions except:

Accepted Answer

A) Japan. 
B) United States. 
C) Canada. 
D) Mexico. 
E) Russia. 
A) Japan. 
B) United States. 
C) Canada. 
D) Mexico. 
E) Russia.

Question 18

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of two or more countries which follow these systems.

Accepted Answer

In Centrally Planned Socialism, the stat

Question 19

To the extent that a country sells more goods and services abroad than it buys, there will be:

Accepted Answer

A) a greater demand for its currency. 
B) a surplus production of goods and services. 
C) a scarcity of goods and services within the country. 
D) a need for revaluation of its currency. 
E) time for fluctuating its currency. 
A) a greater demand for its currency. 
B) a surplus production of goods and services. 
C) a scarcity of goods and services within the country. 
D) a need for revaluation of its currency. 
E) time for fluctuating its currency.

Question 20

Although Bangladesh is categorized in the low-income countries, the country has opportunities, particularly in the garment industry.

Accepted Answer

A) True 
 B)False

The demise of communism as an economic and political system can be explained by all of the following facts except:

Myanmar people are very similar to Japanese in some ways.

What are some of the challenges faced by marketers in relation to the newly formed smaller countries? Explain giving examples.

According to the authors of the Harvard Business Review article, "Serving the World's Poor, Profitably," which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

Upper-middle-income countries, also known as industrializing or developing countries are those with GNI per capita ranging from:

The fastest-growing sector of world trade includes:

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 Organization for Economic Cooperation and Development (OECD)has become more focused on global issues, social policy, and labor market regulations as seen by:

If an American tourist in Tokyo pays more in dollars for the same amount of yen that she bought last week, then:

In centrally planned socialism economic systems, the state allocates resources, whereas production resources are privately owned.

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.

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

Myanmar, a low-income country in Southeast Asia with a population of 65 million people, can be considered as an emerging markets.

Which of the following is true about the Triad?

When a company conducts business across boundaries in countries with different currencies, it is thrust into the turbulent world of exchange risk.

The term "Expanded Triad" includes all of the following countries or regions except:

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of two or more countries which follow these systems.

To the extent that a country sells more goods and services abroad than it buys, there will be:

Although Bangladesh is categorized in the low-income countries, the country has opportunities, particularly in the garment industry.

Introduction to Global Marketing

The Global Trade Environment

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 2: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantag

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 2: The Global Economic Environment

The demise of communism as an economic and political system can be explained by all of the following facts except:

Myanmar people are very similar to Japanese in some ways.

What are some of the challenges faced by marketers in relation to the newly formed smaller countries? Explain giving examples.

According to the authors of the Harvard Business Review article, "Serving the World's Poor, Profitably," which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

Upper-middle-income countries, also known as industrializing or developing countries are those with GNI per capita ranging from:

The fastest-growing sector of world trade includes:

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 Organization for Economic Cooperation and Development (OECD)has become more focused on global issues, social policy, and labor market regulations as seen by:

If an American tourist in Tokyo pays more in dollars for the same amount of yen that she bought last week, then:

In centrally planned socialism economic systems, the state allocates resources, whereas production resources are privately owned.

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.

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

Myanmar, a low-income country in Southeast Asia with a population of 65 million people, can be considered as an emerging markets.

Which of the following is true about the Triad?

When a company conducts business across boundaries in countries with different currencies, it is thrust into the turbulent world of exchange risk.

The term "Expanded Triad" includes all of the following countries or regions except:

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of two or more countries which follow these systems.

To the extent that a country sells more goods and services abroad than it buys, there will be:

Although Bangladesh is categorized in the low-income countries, the country has opportunities, particularly in the garment industry.

Introduction to Global Marketing

The Global Trade Environment

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 2: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantag

Leadership, Organization, and Corporate Social Responsibility

Filters