Question 1

Companies that expand abroad in order to take advantage of inexpensive labor costs cannot be considered as multinational corporations.

Accepted Answer

A) True 
 B)False  False

Question 2

What term denotes tax on imports?

Accepted Answer

A)  Quota 
B)  Embargo 
C)  Tariff 
D)  Penalty 
E)  Royalty 
A)  Quota 
B)  Embargo 
C)  Tariff 
D)  Penalty 
E)  Royalty C

Question 3

Which of the following is true of protectionist measures?

Accepted Answer

A)  It hinders the growth of domestic companies. 
B)  WTO works in favor of these measures. 
C)  These measures increase the volume of international trade. 
D)  It involves reducing tariffs, quotas, and other types of restrictions. 
E)  Embargo is an example of a protectionist measure a country can adopt. 
A)  It hinders the growth of domestic companies. 
B)  WTO works in favor of these measures. 
C)  These measures increase the volume of international trade. 
D)  It involves reducing tariffs, quotas, and other types of restrictions. 
E)  Embargo is an example of a protectionist measure a country can adopt. E

Question 4

When should a company ideally enter a foreign market?

Accepted Answer

A)  When the foreign market is saturated 
B)  When the costs of labor and resources are higher than the domestic costs 
C)  When the demand for the product declines in the domestic market 
D)  When competition in the domestic market is the least 
E)  When protectionism is promoted 
A)  When the foreign market is saturated 
B)  When the costs of labor and resources are higher than the domestic costs 
C)  When the demand for the product declines in the domestic market 
D)  When competition in the domestic market is the least 
E)  When protectionism is promoted

Question 5

Which of the following is true of exports and imports?

Accepted Answer

A)  Businesses don't face any restrictions as exporters. 
B)  A country runs a trade deficit if it exports more than it imports. 
C)  Goods and services that are sold abroad are called imports. 
D)  Companies cannot import products to resell in their own countries. 
E)  Some countries limit the ability of exporters to take money they earn from their exports out of the country. 
A)  Businesses don't face any restrictions as exporters. 
B)  A country runs a trade deficit if it exports more than it imports. 
C)  Goods and services that are sold abroad are called imports. 
D)  Companies cannot import products to resell in their own countries. 
E)  Some countries limit the ability of exporters to take money they earn from their exports out of the country.

Question 6

_____ is the most suitable alternative for countries that want to import products but do not have the means to make a cash payment.

Accepted Answer

A)  Diversification 
B)  Countertrading 
C)  First mover advantage 
D)  Protectionism 
E)  Embargo 
A)  Diversification 
B)  Countertrading 
C)  First mover advantage 
D)  Protectionism 
E)  Embargo

Question 7

The Organization of Petroleum Exporting Countries' (OPEC)effectiveness is limited because several member countries sell and produce at levels considerably different from official OPEC standards.

Accepted Answer

A) True 
 B)False

Question 8

Explain what is meant by "coalitions of cooperating countries" with the help of examples.

Accepted Answer

International businesses must deal with

Question 9

_____ economy is an economy in which companies compete actively with businesses from around the world.

Accepted Answer

A)  Closed 
B)  Global 
C)  Informal 
D)  Autarky 
E)  Micro 
A)  Closed 
B)  Global 
C)  Informal 
D)  Autarky 
E)  Micro

Question 10

Companies that are not willing or able to invest millions of dollars in operations abroad prefer to set up multinational corporations.

Accepted Answer

A) True 
 B)False

Question 11

What are some of the challenges a manager working for a multinational corporation might face?

Accepted Answer

Working for a multinational corporation

Question 12

Working through a foreign intermediary saves a company the cost of setting up its own facility in a foreign country.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a value associated with short-term orientation?

Accepted Answer

A)  Persistence in achieving goals 
B)  Ensuring respect for tradition 
C)  Protecting one's "face" 
D)  Fulfilling social obligations 
E)  Maintaining personal stability 
A)  Persistence in achieving goals 
B)  Ensuring respect for tradition 
C)  Protecting one's "face" 
D)  Fulfilling social obligations 
E)  Maintaining personal stability

Question 14

How have the North American countries benefited from NAFTA?

Accepted Answer

The largest free trade area in the world

Question 15

What are the measures that a company needs to adopt to ensure successful international assignments?

Accepted Answer

The chances for a successful internation

Question 16

Expansion of international trade has led to interdependencies among the nations of the world.

Accepted Answer

A) True 
 B)False

Question 17

Protectionist measures,such as tariffs,quotas,and other types of restrictions are taken to protect _____ companies.

Accepted Answer

A)  foreign 
B)  domestic 
C)  international 
D)  multinational 
E)  transnational 
A)  foreign 
B)  domestic 
C)  international 
D)  multinational 
E)  transnational

Question 18

Which of the following is a protectionist measure that a country can adopt?

Accepted Answer

A)  Imposing high tariffs on foreign companies 
B)  Decreasing import quotas 
C)  Supporting free trade agreements 
D)  Promoting free trade areas 
E)  Imposing high tariff on domestic companies 
A)  Imposing high tariffs on foreign companies 
B)  Decreasing import quotas 
C)  Supporting free trade agreements 
D)  Promoting free trade areas 
E)  Imposing high tariff on domestic companies

Question 19

Which of the following best describes an embargo?

Accepted Answer

A)  It is a total ban on the import of a good from a particular country. 
B)  It is a restriction on the quantity of a good that can enter a country. 
C)  It refers to taxes imposed on imports. 
D)  It refers to taxes imposed on exports. 
E)  It refers to a region within which trade restrictions are reduced or eliminated. 
A)  It is a total ban on the import of a good from a particular country. 
B)  It is a restriction on the quantity of a good that can enter a country. 
C)  It refers to taxes imposed on imports. 
D)  It refers to taxes imposed on exports. 
E)  It refers to a region within which trade restrictions are reduced or eliminated.

Question 20

The purpose of a coalition is to reduce import and export trade among member countries.

Accepted Answer

A) True 
 B)False

Companies that expand abroad in order to take advantage of inexpensive labor costs cannot be considered as multinational corporations.

What term denotes tax on imports?

Which of the following is true of protectionist measures?

When should a company ideally enter a foreign market?

Which of the following is true of exports and imports?

_____ is the most suitable alternative for countries that want to import products but do not have the means to make a cash payment.

The Organization of Petroleum Exporting Countries' (OPEC)effectiveness is limited because several member countries sell and produce at levels considerably different from official OPEC standards.

Explain what is meant by "coalitions of cooperating countries" with the help of examples.

_____ economy is an economy in which companies compete actively with businesses from around the world.

Companies that are not willing or able to invest millions of dollars in operations abroad prefer to set up multinational corporations.

What are some of the challenges a manager working for a multinational corporation might face?

Working through a foreign intermediary saves a company the cost of setting up its own facility in a foreign country.

Which of the following is a value associated with short-term orientation?

How have the North American countries benefited from NAFTA?

What are the measures that a company needs to adopt to ensure successful international assignments?

Expansion of international trade has led to interdependencies among the nations of the world.

Protectionist measures,such as tariffs,quotas,and other types of restrictions are taken to protect _____ companies.

Which of the following is a protectionist measure that a country can adopt?

Which of the following best describes an embargo?

The purpose of a coalition is to reduce import and export trade among member countries.

Management in a Diverse Workplace

The Management Movement

Developing Communication Skills

Decision-Making Skills

Ethical, social, and Legal Responsibilities of Management

The Basics of Planning and Strategic Management

Organizing Work

Organizational Structure

Understanding Work Groups and Teams

Staffing

Employee Training and Development

Motivating Employees

Developing Leadership Skills

Managing Conflict and Stress

Managing Change and Culture

Management Control

Appraising and Rewarding Performance

Operations Management and Planning

Operations Control

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Exam 6: International Business

Companies that expand abroad in order to take advantage of inexpensive labor costs cannot be considered as multinational corporations.

What term denotes tax on imports?

Which of the following is true of protectionist measures?

When should a company ideally enter a foreign market?

Which of the following is true of exports and imports?

_____ is the most suitable alternative for countries that want to import products but do not have the means to make a cash payment.

The Organization of Petroleum Exporting Countries' (OPEC)effectiveness is limited because several member countries sell and produce at levels considerably different from official OPEC standards.

Explain what is meant by "coalitions of cooperating countries" with the help of examples.

_____ economy is an economy in which companies compete actively with businesses from around the world.

Companies that are not willing or able to invest millions of dollars in operations abroad prefer to set up multinational corporations.

What are some of the challenges a manager working for a multinational corporation might face?

Working through a foreign intermediary saves a company the cost of setting up its own facility in a foreign country.

Which of the following is a value associated with short-term orientation?

How have the North American countries benefited from NAFTA?

What are the measures that a company needs to adopt to ensure successful international assignments?

Expansion of international trade has led to interdependencies among the nations of the world.

Protectionist measures,such as tariffs,quotas,and other types of restrictions are taken to protect _____ companies.

Which of the following is a protectionist measure that a country can adopt?

Which of the following best describes an embargo?

The purpose of a coalition is to reduce import and export trade among member countries.

Management in a Diverse Workplace

The Management Movement

Developing Communication Skills

Decision-Making Skills

Ethical, social, and Legal Responsibilities of Management

The Basics of Planning and Strategic Management

Organizing Work

Organizational Structure

Understanding Work Groups and Teams

Staffing

Employee Training and Development

Motivating Employees

Developing Leadership Skills

Managing Conflict and Stress

Managing Change and Culture

Management Control

Appraising and Rewarding Performance

Operations Management and Planning

Operations Control

Filters