Question 1

________ is the tendency to judge all other groups according to standards,behaviors,and customs that prevail in one's own group.

Accepted Answer

A)  Stereotyping 
B)  Protectionism 
C)  Discerning 
D)  Culture shock 
E)  Ethnocentrism 
A)  Stereotyping 
B)  Protectionism 
C)  Discerning 
D)  Culture shock 
E)  Ethnocentrism E

Question 2

Managerial control with the global strategy is highly decentralized.

Accepted Answer

A) True 
 B)False  False

Question 3

Providing short-term loans to countries that are unable to meet their financial obligations is a primary function of the International Monetary Fund.

Accepted Answer

A) True 
 B)False  True

Question 4

Transparency International is a(n)________.

Accepted Answer

A)  accounting agency that promotes the use of unified accounting systems across the world 
B)  watchdog group that works to reduce business-government corruption around the world 
C)  agency that works toward implementing protectionist regimes across the globe 
D)  agency of the United Nations that is formed to mediate international negotiations 
E)  agency of the United Nations that is formed to investigate transparency issues in international trade 
A)  accounting agency that promotes the use of unified accounting systems across the world 
B)  watchdog group that works to reduce business-government corruption around the world 
C)  agency that works toward implementing protectionist regimes across the globe 
D)  agency of the United Nations that is formed to mediate international negotiations 
E)  agency of the United Nations that is formed to investigate transparency issues in international trade

Question 5

Multinational corporations are companies that ________.

Accepted Answer

A)  export to multiple countries from a central location 
B)  have formed strategic alliances with companies across the world 
C)  have formed operational alliances with companies across the world 
D)  procure supplies from multiple countries to improve their production 
E)  establish a physical presence in multiple countries through FDI 
A)  export to multiple countries from a central location 
B)  have formed strategic alliances with companies across the world 
C)  have formed operational alliances with companies across the world 
D)  procure supplies from multiple countries to improve their production 
E)  establish a physical presence in multiple countries through FDI

Question 6

The World Trade Organization is a permanent forum for negotiating,implementing,and monitoring international trade procedures.

Accepted Answer

A) True 
 B)False

Question 7

DB Computers manufactures and markets personal computers.The company sells its products in more than thirty countries.The company has centralized the production of its CPUs.The CPUs are shipped from the central location to assembly units in various countries and personalized products are made at these units by procuring materials locally.With this strategy the company produces customized products for local markets at a low cost.This is an example of a(n)________ strategy.

Accepted Answer

A)  integrated marketing 
B)  transnational 
C)  global 
D)  franchising 
E)  multidomestic 
A)  integrated marketing 
B)  transnational 
C)  global 
D)  franchising 
E)  multidomestic

Question 8

Which of the following is an example of a trading bloc?

Accepted Answer

A)  International Monetary Fund 
B)  United Nations 
C)  European Union 
D)  World Bank 
E)  World Trade Organization 
A)  International Monetary Fund 
B)  United Nations 
C)  European Union 
D)  World Bank 
E)  World Trade Organization

Question 9

Do you think protectionism is totally unwarranted? Explain your answer.

Accepted Answer

There are benefits also in protecting ce

Question 10

In some countries,payoffs to government officials are so common that they are considered by business people as a standard operating practice.However,this practice is illegal in the U.S.under the Federal Corrupt Practices Act (FCPA).Do you feel that the FCPA tries to impose U.S.values on other cultures? Why or why not?

Accepted Answer

Some students may argue that the FCPA is

Question 11

Choose a country that follows strong protectionist policies.Construct a document,to be presented in an international conference,that supports the country's stand in foreign trade.

Accepted Answer

The students should construct a document

Question 12

The ________ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.

Accepted Answer

A)  World Trade Organization 
B)  World Commerce Center 
C)  European Union 
D)  North American Free Treaty 
E)  International Monetary Fund 
A)  World Trade Organization 
B)  World Commerce Center 
C)  European Union 
D)  North American Free Treaty 
E)  International Monetary Fund

Question 13

Compare and contrast strategic alliances with joint ventures.

Accepted Answer

Strategic alliances are long-term partne

Question 14

Trade that takes place without interferences is known as free trade.

Accepted Answer

A) True 
 B)False

Question 15

Culture is a shared system of symbols,beliefs,attitudes,values,expectations,and norms for behavior.

Accepted Answer

A) True 
 B)False

Question 16

Trade that takes place without governmental interferences is known as ________.

Accepted Answer

A)  subsidized trade 
B)  protected trade 
C)  illegal trade 
D)  free trade 
E)  moderated trade 
A)  subsidized trade 
B)  protected trade 
C)  illegal trade 
D)  free trade 
E)  moderated trade

Question 17

What type of governmental intervention,according to you,is the most severe? Categorize different types of governmental inventions based on their rigorousness.

Accepted Answer

Embargoes and sanctions appear to be the

Question 18

Almex is a U.S.based transportation company.In order to enter the Brazilian transportation market,the company purchases one of the leading transporters in Brazil.This strategy is known as ________.

Accepted Answer

A)  operational licensing 
B)  service exporting 
C)  foreign direct investing 
D)  brand licensing 
E)  outstation franchising 
A)  operational licensing 
B)  service exporting 
C)  foreign direct investing 
D)  brand licensing 
E)  outstation franchising

Question 19

The United States has banned the export of super-computers and lasers to non-allies.This is an example of a(n)________.

Accepted Answer

A)  export subsidy 
B)  export quota 
C)  tariff 
D)  embargo 
E)  restrictive import standard 
A)  export subsidy 
B)  export quota 
C)  tariff 
D)  embargo 
E)  restrictive import standard

Question 20

In a(n)________,two or more firms bond together to create a new business entity that is legally separate and distinct from its parents.

Accepted Answer

A)  operational partnership 
B)  strategic alliance 
C)  joint venture 
D)  operational alliance 
E)  international franchise 
A)  operational partnership 
B)  strategic alliance 
C)  joint venture 
D)  operational alliance 
E)  international franchise

________ is the tendency to judge all other groups according to standards,behaviors,and customs that prevail in one's own group.

Managerial control with the global strategy is highly decentralized.

Providing short-term loans to countries that are unable to meet their financial obligations is a primary function of the International Monetary Fund.

Transparency International is a(n)________.

Multinational corporations are companies that ________.

The World Trade Organization is a permanent forum for negotiating,implementing,and monitoring international trade procedures.

Which of the following is an example of a trading bloc?

Do you think protectionism is totally unwarranted? Explain your answer.

Choose a country that follows strong protectionist policies.Construct a document,to be presented in an international conference,that supports the country's stand in foreign trade.

The ________ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.

Compare and contrast strategic alliances with joint ventures.

Trade that takes place without interferences is known as free trade.

Culture is a shared system of symbols,beliefs,attitudes,values,expectations,and norms for behavior.

Trade that takes place without governmental interferences is known as ________.

What type of governmental intervention,according to you,is the most severe? Categorize different types of governmental inventions based on their rigorousness.

Almex is a U.S.based transportation company.In order to enter the Brazilian transportation market,the company purchases one of the leading transporters in Brazil.This strategy is known as ________.

The United States has banned the export of super-computers and lasers to non-allies.This is an example of a(n)________.

In a(n)________,two or more firms bond together to create a new business entity that is legally separate and distinct from its parents.

Developing a Business Mindset

Understanding Basic Economics

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters

Exam 3: The Global Marketplace

________ is the tendency to judge all other groups according to standards,behaviors,and customs that prevail in one's own group.

Managerial control with the global strategy is highly decentralized.

Providing short-term loans to countries that are unable to meet their financial obligations is a primary function of the International Monetary Fund.

Transparency International is a(n)________.

Multinational corporations are companies that ________.

The World Trade Organization is a permanent forum for negotiating,implementing,and monitoring international trade procedures.

Which of the following is an example of a trading bloc?

Do you think protectionism is totally unwarranted? Explain your answer.

Choose a country that follows strong protectionist policies.Construct a document,to be presented in an international conference,that supports the country's stand in foreign trade.

The ________ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.

Compare and contrast strategic alliances with joint ventures.

Trade that takes place without interferences is known as free trade.

Culture is a shared system of symbols,beliefs,attitudes,values,expectations,and norms for behavior.

Trade that takes place without governmental interferences is known as ________.

What type of governmental intervention,according to you,is the most severe? Categorize different types of governmental inventions based on their rigorousness.

Almex is a U.S.based transportation company.In order to enter the Brazilian transportation market,the company purchases one of the leading transporters in Brazil.This strategy is known as ________.

The United States has banned the export of super-computers and lasers to non-allies.This is an example of a(n)________.

In a(n)________,two or more firms bond together to create a new business entity that is legally separate and distinct from its parents.

Developing a Business Mindset

Understanding Basic Economics

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters