Question 1

Which of the following statements is true with regard to the economy of Poland?

Accepted Answer

A) The consensus decision making system of Poland turns out to be too time-consuming in the new speed-based economy 
B) During the 1970s and 1980s, Poland's economic success had been without precedent 
C) Poland is among the largest of the former communist countries which receives the least media coverage 
D) Poland's economy was the only economy in the EU to grow during the global recession of 2008-2009 
A) The consensus decision making system of Poland turns out to be too time-consuming in the new speed-based economy 
B) During the 1970s and 1980s, Poland's economic success had been without precedent 
C) Poland is among the largest of the former communist countries which receives the least media coverage 
D) Poland's economy was the only economy in the EU to grow during the global recession of 2008-2009

Question 2

NAFTA is better integrated as a single market than the EU or the allied Asian countries.

Accepted Answer

A) True 
 B)False

Question 3

The following are characteristics of the BRIC economies except:

Accepted Answer

A) Demand for higher priced goods is expected to continue to be low in the future 
B) The BRIC economies share of world growth is expected to rise to about 40 percent by 2025 
C) Per capita income in the BRIC countries is rising 
D) Demand for basic goods will be strong 
A) Demand for higher priced goods is expected to continue to be low in the future 
B) The BRIC economies share of world growth is expected to rise to about 40 percent by 2025 
C) Per capita income in the BRIC countries is rising 
D) Demand for basic goods will be strong

Question 4

Marketers must be responsive to social networks.

Accepted Answer

A) True 
 B)False

Question 5

One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements about social media is untrue?

Accepted Answer

A) Social networks have rapidly diffused from the United States and Europe to every region of the world. 
B) Social media networks have accelerated technological integration among the nations of the world. 
C) Social media such as Facebook are powerful, but they cannot leverage networks to achieve greater success. 
D) Social networks serve as inexpensive, effective means of marketing directly to businesses' target audiences. 
A) Social networks have rapidly diffused from the United States and Europe to every region of the world. 
B) Social media networks have accelerated technological integration among the nations of the world. 
C) Social media such as Facebook are powerful, but they cannot leverage networks to achieve greater success. 
D) Social networks serve as inexpensive, effective means of marketing directly to businesses' target audiences.

Question 7

In 2011, global merchandise exports and global commercial services exports:

Accepted Answer

A) Reached a record high 
B) Declined for the first time since 1983 
C) Remained fairly consistent 
D) Decreased by almost 50 percent 
A) Reached a record high 
B) Declined for the first time since 1983 
C) Remained fairly consistent 
D) Decreased by almost 50 percent

Question 8

Discuss the factors that contributed to Japan's phenomenal economic success.

Accepted Answer

During the 1970s and 1980s, Japan's econ

Question 9

Antiglobalization activists:

Accepted Answer

A) Contend that even within the developing world, it is protectionist policies, not trade and investment liberalization, that result in environmental and social damage 
B) Believe globalization will force higher-polluting countries such as China and Russia into an integrated global community that takes responsible measures to protect the environment 
C) Assert that if corporations are free to locate anywhere in the world, the world's poorest countries will relax or eliminate environmental standards and social services in order to attract first-world investment and the jobs and wealth that come with it 
D) Believe that industrialization will create wealth that will enable new industries to employ more modern, environmentally friendly technology 
A) Contend that even within the developing world, it is protectionist policies, not trade and investment liberalization, that result in environmental and social damage 
B) Believe globalization will force higher-polluting countries such as China and Russia into an integrated global community that takes responsible measures to protect the environment 
C) Assert that if corporations are free to locate anywhere in the world, the world's poorest countries will relax or eliminate environmental standards and social services in order to attract first-world investment and the jobs and wealth that come with it 
D) Believe that industrialization will create wealth that will enable new industries to employ more modern, environmentally friendly technology

Question 10

The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments is called international management.

Accepted Answer

A) True 
 B)False

Question 11

How has NAFTA affected the economies of North America?

Accepted Answer

The United States, Canada and Mexico mak

Question 12

The ultimate objective of the EU is to eliminate all trade barriers among member countries.

Accepted Answer

A) True 
 B)False

Question 13

Identify the country that is projected to contribute the most to global growth between 2006 and 2020.

Accepted Answer

A) China 
B) India 
C) Indonesia 
D) Brazil 
A) China 
B) India 
C) Indonesia 
D) Brazil

Question 14

In 2009, FDI inflows and outflows:

Accepted Answer

A) Nearly doubled 
B) Nearly tripled 
C) Fell substantially 
D) Remained fairly constant 
A) Nearly doubled 
B) Nearly tripled 
C) Fell substantially 
D) Remained fairly constant

Question 15

The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam is referred to as:

Accepted Answer

A) Association of Southeast Asian Nations (ASEAN) 
B) Southeast Asia Free Trade Agreement (SWAFT
A)  
C) Southeast Asia Common Market 
D) Asian Economic Union 
A) Association of Southeast Asian Nations (ASEAN) 
B) Southeast Asia Free Trade Agreement (SWAFT
A)  
C) Southeast Asia Common Market 
D) Asian Economic Union

Question 16

Procter & Gamble (P&G) has strategically leveraged social media to improve its long-term brand image.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements is false with regard to a mixed economy?

Accepted Answer

A) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights may raise the standard of living 
B) Ownership of organizations seen as imperative to the nation may be transferred to the state to subsidize costs and allow the firm to flourish 
C) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights ensure that those who are elderly, sick or have limited skills are taken care of 
D) Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes 
A) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights may raise the standard of living 
B) Ownership of organizations seen as imperative to the nation may be transferred to the state to subsidize costs and allow the firm to flourish 
C) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights ensure that those who are elderly, sick or have limited skills are taken care of 
D) Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes

Question 18

A survey (reported in our textbook) of businesspeople from Argentina, Brazil, Chile, Columbia, and Venezuela found that the _____ market, on average, was more important to their economic well-being than any other.

Accepted Answer

A) Mexican 
B) Japanese 
C) U.S. 
D) European Union 
A) Mexican 
B) Japanese 
C) U.S. 
D) European Union

Question 19

A method which adjusts GDP to account for different prices in countries is called:

Accepted Answer

A) Cumulative distribution function 
B) Nominal GDP 
C) Current currency exchange rate 
D) Purchasing power parity 
A) Cumulative distribution function 
B) Nominal GDP 
C) Current currency exchange rate 
D) Purchasing power parity

Question 20

The Central and Eastern European republics:

Accepted Answer

A) Have attempted to grow in terms of intercountry trade, but this has interfered with peace-making progress 
B) Have attempted to decrease inflation by lowering the GDP 
C) Are attempting to make a shift from centrally planned economies to market-based economies 
D) Are attempting to make a shift from a centrally planned economy to a mixed economy 
A) Have attempted to grow in terms of intercountry trade, but this has interfered with peace-making progress 
B) Have attempted to decrease inflation by lowering the GDP 
C) Are attempting to make a shift from centrally planned economies to market-based economies 
D) Are attempting to make a shift from a centrally planned economy to a mixed economy

Which of the following statements is true with regard to the economy of Poland?

NAFTA is better integrated as a single market than the EU or the allied Asian countries.

The following are characteristics of the BRIC economies except:

Marketers must be responsive to social networks.

One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over.

Which of the following statements about social media is untrue?

In 2011, global merchandise exports and global commercial services exports:

Discuss the factors that contributed to Japan's phenomenal economic success.

Antiglobalization activists:

The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments is called international management.

How has NAFTA affected the economies of North America?

The ultimate objective of the EU is to eliminate all trade barriers among member countries.

Identify the country that is projected to contribute the most to global growth between 2006 and 2020.

In 2009, FDI inflows and outflows:

The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam is referred to as:

Procter & Gamble (P&G) has strategically leveraged social media to improve its long-term brand image.

Which of the following statements is false with regard to a mixed economy?

A survey (reported in our textbook) of businesspeople from Argentina, Brazil, Chile, Columbia, and Venezuela found that the _____ market, on average, was more important to their economic well-being than any other.

A method which adjusts GDP to account for different prices in countries is called:

The Central and Eastern European republics:

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Strategy Formulation and Implementation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 1: Globalization and International Linkages

Which of the following statements is true with regard to the economy of Poland?

NAFTA is better integrated as a single market than the EU or the allied Asian countries.

The following are characteristics of the BRIC economies except:

Marketers must be responsive to social networks.

One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over.

Which of the following statements about social media is untrue?

In 2011, global merchandise exports and global commercial services exports:

Discuss the factors that contributed to Japan's phenomenal economic success.

Antiglobalization activists:

The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments is called international management.

How has NAFTA affected the economies of North America?

The ultimate objective of the EU is to eliminate all trade barriers among member countries.

Identify the country that is projected to contribute the most to global growth between 2006 and 2020.

In 2009, FDI inflows and outflows:

The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam is referred to as:

Procter & Gamble (P&G) has strategically leveraged social media to improve its long-term brand image.

Which of the following statements is false with regard to a mixed economy?

A survey (reported in our textbook) of businesspeople from Argentina, Brazil, Chile, Columbia, and Venezuela found that the _____ market, on average, was more important to their economic well-being than any other.

A method which adjusts GDP to account for different prices in countries is called:

The Central and Eastern European republics:

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Strategy Formulation and Implementation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters