Question 1

The largest free trade area in the world is in China.

Accepted Answer

A) True 
 B)False

Question 2

Protectionist measures increase the volume of international trade.

Accepted Answer

A) True 
 B)False

Question 3

To help domestic manufacturers compete against foreign companies,governments _____.

Accepted Answer

A)  impose high tariffs on domestic companies 
B)  impose trade restrictions on foreign companies 
C)  discourage embargoes 
D)  discourage protectionist measures 
E)  create free trade areas 
A)  impose high tariffs on domestic companies 
B)  impose trade restrictions on foreign companies 
C)  discourage embargoes 
D)  discourage protectionist measures 
E)  create free trade areas

Question 4

Which of the following is true of power distance?

Accepted Answer

A)  Cultures that endorse low power distance expect and accept relations that are more authoritative. 
B)  In cultures that endorse low power distance, the more powerful feel that they are entitled to special rights and privileges. 
C)  In high power distance cultures, subordinates are more comfortable with demanding the right to contribute to and critique the decision making of those in power. 
D)  In high power distance cultures, superiors and subordinates view each other as different kinds of people. 
E)  People hold the belief that superiors should be readily accessible to subordinates in cultures that endorse high power distance. 
A)  Cultures that endorse low power distance expect and accept relations that are more authoritative. 
B)  In cultures that endorse low power distance, the more powerful feel that they are entitled to special rights and privileges. 
C)  In high power distance cultures, subordinates are more comfortable with demanding the right to contribute to and critique the decision making of those in power. 
D)  In high power distance cultures, superiors and subordinates view each other as different kinds of people. 
E)  People hold the belief that superiors should be readily accessible to subordinates in cultures that endorse high power distance.

Question 5

In individualism,people are identified by characteristics of the group they belong to.

Accepted Answer

A) True 
 B)False

Question 6

The European Union (EU)is a union of 27 European countries.

Accepted Answer

A) True 
 B)False

Question 7

_____ establishes the maximum quantity of a product that can be imported or exported during a given period.

Accepted Answer

A)  Embargo 
B)  Tariff 
C)  Foreign exchange rate 
D)  Quota 
E)  Customs duty 
A)  Embargo 
B)  Tariff 
C)  Foreign exchange rate 
D)  Quota 
E)  Customs duty

Question 8

Which of the following statements is true about expatriate managers?

Accepted Answer

A)  Organizations must ensure that the expatriate managers are inflexible. 
B)  Spouse's inability to adapt to the new work environment has no impact on the expatriate's adaptability. 
C)  Expatriate managers must not be tolerant or open to other cultures. 
D)  Cross-cultural and language training is of no significance to an expatriate. 
E)  Social and legal systems in the host country have an impact on the expatriate's success. 
A)  Organizations must ensure that the expatriate managers are inflexible. 
B)  Spouse's inability to adapt to the new work environment has no impact on the expatriate's adaptability. 
C)  Expatriate managers must not be tolerant or open to other cultures. 
D)  Cross-cultural and language training is of no significance to an expatriate. 
E)  Social and legal systems in the host country have an impact on the expatriate's success.

Question 9

Which of the following is true of exchange rates and foreign currency?

Accepted Answer

A)  Companies that purchase goods or services from foreign countries must pay for them with local currency. 
B)  Companies purchase foreign currency from banks, which convert each currency into dollars. 
C)  Exchange rates remain constant. 
D)  Exchange rates do not have any effect on profits. 
E)  Exchange rate is of no prominence to businesses. 
A)  Companies that purchase goods or services from foreign countries must pay for them with local currency. 
B)  Companies purchase foreign currency from banks, which convert each currency into dollars. 
C)  Exchange rates remain constant. 
D)  Exchange rates do not have any effect on profits. 
E)  Exchange rate is of no prominence to businesses.

Question 10

The majority of expatriates view their international appointment as an opportunity for personal and professional development.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is true of uncertainty avoidance?

Accepted Answer

A)  People in cultures with high uncertainty avoidance are comfortable with unknown and uncommon situations. 
B)  Low uncertainty avoidance cultures try to have as many rules as possible. 
C)  Low uncertainty avoidance cultures tend to resist change. 
D)  People in cultures with high uncertainty avoidance tend to place a premium on job security. 
E)  People in low uncertainty avoidance cultures are less willing to take risk. 
A)  People in cultures with high uncertainty avoidance are comfortable with unknown and uncommon situations. 
B)  Low uncertainty avoidance cultures try to have as many rules as possible. 
C)  Low uncertainty avoidance cultures tend to resist change. 
D)  People in cultures with high uncertainty avoidance tend to place a premium on job security. 
E)  People in low uncertainty avoidance cultures are less willing to take risk.

Question 12

Which of the following best describes a barter agreement?

Accepted Answer

A)  It is an agreement between the exporter and importer to trade goods and services in exchange for other goods and services. 
B)  It is an agreement where the issuer makes an unconditional promise in writing to pay a certain amount of money, at a certain time or on demand of the payee. 
C)  It is an agreement which permits the sale of securities and also permits the seller to buy back the securities. 
D)  It is a document issued by a carrier to another party which provides details about the shipment of merchandise. 
E)  It is an agreement for the hiring of a vessel that excludes the technical or maintenance aspects of the vessel. 
A)  It is an agreement between the exporter and importer to trade goods and services in exchange for other goods and services. 
B)  It is an agreement where the issuer makes an unconditional promise in writing to pay a certain amount of money, at a certain time or on demand of the payee. 
C)  It is an agreement which permits the sale of securities and also permits the seller to buy back the securities. 
D)  It is a document issued by a carrier to another party which provides details about the shipment of merchandise. 
E)  It is an agreement for the hiring of a vessel that excludes the technical or maintenance aspects of the vessel.

Question 13

Which of the following does a country adopt to protect its own domestic industries from international trade?

Accepted Answer

A)  Increase imports 
B)  Impose tariffs and quotas 
C)  Reduce exports 
D)  Reduce trade barriers 
E)  Encourage free trade 
A)  Increase imports 
B)  Impose tariffs and quotas 
C)  Reduce exports 
D)  Reduce trade barriers 
E)  Encourage free trade

Question 14

Companies that are willing or able to invest millions of dollars in operations abroad should ideally operate through _____.

Accepted Answer

A)  franchising agreements 
B)  multinational corporations 
C)  licensing agreements 
D)  foreign intermediaries 
E)  shell corporations 
A)  franchising agreements 
B)  multinational corporations 
C)  licensing agreements 
D)  foreign intermediaries 
E)  shell corporations

Question 15

People in cultures with high uncertainty avoidance resist change.

Accepted Answer

A) True 
 B)False

Question 16

Explain the various protectionist measures that a country can adopt.

Accepted Answer

Tariffs are government-imposed taxes cha

Question 17

In feminine cultures,the differences between gender roles are more dramatic than in masculine cultures.

Accepted Answer

A) True 
 B)False

Question 18

Explain how managers can handle cultural differences in international trade.

Accepted Answer

Cultural differences affect our percepti

Question 19

A quota is the difference between the value of the goods a country exports and the value of the goods it imports.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is of high value in feminine cultures?

Accepted Answer

A)  Power 
B)  Ambition 
C)  Cooperation 
D)  Competitiveness 
E)  Material success 
A)  Power 
B)  Ambition 
C)  Cooperation 
D)  Competitiveness 
E)  Material success

The largest free trade area in the world is in China.

Protectionist measures increase the volume of international trade.

To help domestic manufacturers compete against foreign companies,governments _____.

Which of the following is true of power distance?

In individualism,people are identified by characteristics of the group they belong to.

The European Union (EU)is a union of 27 European countries.

_____ establishes the maximum quantity of a product that can be imported or exported during a given period.

Which of the following statements is true about expatriate managers?

Which of the following is true of exchange rates and foreign currency?

The majority of expatriates view their international appointment as an opportunity for personal and professional development.

Which of the following is true of uncertainty avoidance?

Which of the following best describes a barter agreement?

Which of the following does a country adopt to protect its own domestic industries from international trade?

Companies that are willing or able to invest millions of dollars in operations abroad should ideally operate through _____.

People in cultures with high uncertainty avoidance resist change.

Explain the various protectionist measures that a country can adopt.

In feminine cultures,the differences between gender roles are more dramatic than in masculine cultures.

Explain how managers can handle cultural differences in international trade.

A quota is the difference between the value of the goods a country exports and the value of the goods it imports.

Which of the following is of high value in feminine cultures?

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

Exam 6: International Business

The largest free trade area in the world is in China.

Protectionist measures increase the volume of international trade.

To help domestic manufacturers compete against foreign companies,governments _____.

Which of the following is true of power distance?

In individualism,people are identified by characteristics of the group they belong to.

The European Union (EU)is a union of 27 European countries.

_____ establishes the maximum quantity of a product that can be imported or exported during a given period.

Which of the following statements is true about expatriate managers?

Which of the following is true of exchange rates and foreign currency?

The majority of expatriates view their international appointment as an opportunity for personal and professional development.

Which of the following is true of uncertainty avoidance?

Which of the following best describes a barter agreement?

Which of the following does a country adopt to protect its own domestic industries from international trade?

Companies that are willing or able to invest millions of dollars in operations abroad should ideally operate through _____.

People in cultures with high uncertainty avoidance resist change.

Explain the various protectionist measures that a country can adopt.

In feminine cultures,the differences between gender roles are more dramatic than in masculine cultures.

Explain how managers can handle cultural differences in international trade.

A quota is the difference between the value of the goods a country exports and the value of the goods it imports.

Which of the following is of high value in feminine cultures?

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