Question 1

Agreements like NAFTA and CAFTA:

Accepted Answer

A) Not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights 
B) Do not include supplemental commitments on labor and the environment to encourage countries to upgrade their working conditions and environmental protections like the FTAA 
C) Rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm 
D) Provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs 
A) Not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights 
B) Do not include supplemental commitments on labor and the environment to encourage countries to upgrade their working conditions and environmental protections like the FTAA 
C) Rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm 
D) Provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs

Question 2

The report of the Goldman Sachs global economics team estimated that the economies of the four BRIC nations will surpass the collective economies of the G7 nations by 2032.

Accepted Answer

A) True 
 B)False

Question 3

Multinational corporations can be defined as firms having operations in more than one country, international sales, and a nationality mix of nationalities among managers and owners.

Accepted Answer

A) True 
 B)False

Question 4

Globalization:

Accepted Answer

A) Is the growth of interstate trade, spurred on by the progress toward free-market policies 
B) Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm 
C) Is the process of social, political, economic, cultural, and technological integration among countries around the world 
D) Is the process of a business crossing national and cultural borders 
A) Is the growth of interstate trade, spurred on by the progress toward free-market policies 
B) Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm 
C) Is the process of social, political, economic, cultural, and technological integration among countries around the world 
D) Is the process of a business crossing national and cultural borders

Question 5

The ultimate objective of the EU is to:

Accepted Answer

A) Develop separate custom duties for member countries 
B) Eliminate all trade barriers among member countries 
C) Have a single government that represents all EU countries 
D) Increase imports into EU countries 
A) Develop separate custom duties for member countries 
B) Eliminate all trade barriers among member countries 
C) Have a single government that represents all EU countries 
D) Increase imports into EU countries

Question 6

What does the term "European Union" mean? Has the European Union been successful? What is the European Union's ultimate objective? Why has the creation of the European Union encouraged more North American and Pacific Rim companies to establish operations in Europe?

Accepted Answer

The European Union (EU) is a trade union

Question 7

Which of the following statements is not true of Japan?

Accepted Answer

A) During the 1970s and 1980s, Japan's economic success had been without precedent 
B) During the 1970s and 1980s, the country had a huge positive trade balance, the yen was strong, and the country was recognized as the world leaders in manufacturing and consumer goods 
C) Assumptions about the Japanese workforce have turned out to be more myth than reality, and some of the former strengths have become weaknesses in the new economy 
D) Japan's consensus decision-making system turns out to be very efficient and effective in the new speed-based economy 
A) During the 1970s and 1980s, Japan's economic success had been without precedent 
B) During the 1970s and 1980s, the country had a huge positive trade balance, the yen was strong, and the country was recognized as the world leaders in manufacturing and consumer goods 
C) Assumptions about the Japanese workforce have turned out to be more myth than reality, and some of the former strengths have become weaknesses in the new economy 
D) Japan's consensus decision-making system turns out to be very efficient and effective in the new speed-based economy

Question 8

A factory located in a Mexican border town that imports materials and equipment on a duty and tariff-free basis for assembly or manufacturing and re-exports is called a:

Accepted Answer

A) Vertically integrated corporation 
B) Keiretsus 
C) Maquiladora 
D) Chaebols 
A) Vertically integrated corporation 
B) Keiretsus 
C) Maquiladora 
D) Chaebols

Question 9

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

Accepted Answer

A) Strategic management 
B) Internationalization 
C) Globalization 
D) International management 
A) Strategic management 
B) Internationalization 
C) Globalization 
D) International management

Question 10

The World Trade Organization (WTO) meeting in Cancún in September of 2003 was led by:

Accepted Answer

A) India and Brazil 
B) The U.S. and Japan 
C) The U.K. and France 
D) EU members 
A) India and Brazil 
B) The U.S. and Japan 
C) The U.K. and France 
D) EU members

Question 11

Despite setbacks, _____ remains a formidable international competitor and is well poised in all three major economic regions: the Pacific Rim, North America and Europe.

Accepted Answer

A) Japan 
B) Chile 
C) China 
D) Argentina 
A) Japan 
B) Chile 
C) China 
D) Argentina

Question 12

Identify the statement that is false of globalization.

Accepted Answer

A) It can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world 
B) It is the process of a business crossing national and cultural borders 
C) Evidence of globalization can be seen in increased levels of trade, capital flows, and migration 
D) It has been facilitated by technological advances in transnational communications, transport, and travel 
A) It can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world 
B) It is the process of a business crossing national and cultural borders 
C) Evidence of globalization can be seen in increased levels of trade, capital flows, and migration 
D) It has been facilitated by technological advances in transnational communications, transport, and travel

Question 13

Which of the following statements is true of the economic system of North America?

Accepted Answer

A) The free-market-based economy of this region allows for more freedom in decision-making processes of private firms 
B) The command economy of this region allows for greater flexibility with decisions and low barriers for other countries to establish business 
C) The free-market-based economy of this region results in lowering barriers when attempting to move into other countries 
D) The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies 
A) The free-market-based economy of this region allows for more freedom in decision-making processes of private firms 
B) The command economy of this region allows for greater flexibility with decisions and low barriers for other countries to establish business 
C) The free-market-based economy of this region results in lowering barriers when attempting to move into other countries 
D) The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies

Question 14

The former communist countries that have become most visible in the international arena include:

Accepted Answer

A) Romania, Poland and Bulgaria 
B) Czech Republic, Bulgaria and Poland 
C) Hungary, Romania and Albania 
D) Poland, Hungary and the Czech Republic 
A) Romania, Poland and Bulgaria 
B) Czech Republic, Bulgaria and Poland 
C) Hungary, Romania and Albania 
D) Poland, Hungary and the Czech Republic

Question 15

A free-trade agreement among the United States, Canada, and Mexico that has removed most barriers to trade and investment is:

Accepted Answer

A) AFTA 
B) CEFTA 
C) CAFTA 
D) NAFTA 
A) AFTA 
B) CEFTA 
C) CAFTA 
D) NAFTA

Question 16

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

Accepted Answer

A) Command economy 
B) Market economy 
C) Mixed economy 
D) Socialist economy 
A) Command economy 
B) Market economy 
C) Mixed economy 
D) Socialist economy

Question 17

A _____ is comparable to a monopoly in the sense that the organization, in this case the government, has explicit control over the price and supply of a good or service.

Accepted Answer

A) Command economy 
B) Market economy 
C) Mixed economy 
D) Socialist economy 
A) Command economy 
B) Market economy 
C) Mixed economy 
D) Socialist economy

Question 18

Despite claims by Facebook, social media has not significantly connected people across the globe.

Accepted Answer

A) True 
 B)False

Question 19

A major development in South America is:

Accepted Answer

A) The implementation of the single currency and the regional central bank 
B) The growth of inter-country trade, spurred on by the progress toward free-market policies 
C) The privatization of traditionally nationalized industries 
D) The elimination of all trade barriers among member countries 
A) The implementation of the single currency and the regional central bank 
B) The growth of inter-country trade, spurred on by the progress toward free-market policies 
C) The privatization of traditionally nationalized industries 
D) The elimination of all trade barriers among member countries

Question 20

The World Trade Organization (WTO) meeting in Doha in November of 2001 was referred to as:

Accepted Answer

A) The "Annecy Round" 
B) The "Development Round" 
C) The "Tokyo Round" 
D) The "Torquay Round" 
A) The "Annecy Round" 
B) The "Development Round" 
C) The "Tokyo Round" 
D) The "Torquay Round"

Agreements like NAFTA and CAFTA:

The report of the Goldman Sachs global economics team estimated that the economies of the four BRIC nations will surpass the collective economies of the G7 nations by 2032.

Multinational corporations can be defined as firms having operations in more than one country, international sales, and a nationality mix of nationalities among managers and owners.

Globalization:

The ultimate objective of the EU is to:

What does the term "European Union" mean? Has the European Union been successful? What is the European Union's ultimate objective? Why has the creation of the European Union encouraged more North American and Pacific Rim companies to establish operations in Europe?

Which of the following statements is not true of Japan?

A factory located in a Mexican border town that imports materials and equipment on a duty and tariff-free basis for assembly or manufacturing and re-exports is called a:

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

The World Trade Organization (WTO) meeting in Cancún in September of 2003 was led by:

Despite setbacks, _____ remains a formidable international competitor and is well poised in all three major economic regions: the Pacific Rim, North America and Europe.

Identify the statement that is false of globalization.

Which of the following statements is true of the economic system of North America?

The former communist countries that have become most visible in the international arena include:

A free-trade agreement among the United States, Canada, and Mexico that has removed most barriers to trade and investment is:

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

A _____ is comparable to a monopoly in the sense that the organization, in this case the government, has explicit control over the price and supply of a good or service.

Despite claims by Facebook, social media has not significantly connected people across the globe.

A major development in South America is:

The World Trade Organization (WTO) meeting in Doha in November of 2001 was referred to as:

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

Agreements like NAFTA and CAFTA:

The report of the Goldman Sachs global economics team estimated that the economies of the four BRIC nations will surpass the collective economies of the G7 nations by 2032.

Multinational corporations can be defined as firms having operations in more than one country, international sales, and a nationality mix of nationalities among managers and owners.

Globalization:

The ultimate objective of the EU is to:

What does the term "European Union" mean? Has the European Union been successful? What is the European Union's ultimate objective? Why has the creation of the European Union encouraged more North American and Pacific Rim companies to establish operations in Europe?

Which of the following statements is not true of Japan?

A factory located in a Mexican border town that imports materials and equipment on a duty and tariff-free basis for assembly or manufacturing and re-exports is called a:

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

The World Trade Organization (WTO) meeting in Cancún in September of 2003 was led by:

Despite setbacks, _____ remains a formidable international competitor and is well poised in all three major economic regions: the Pacific Rim, North America and Europe.

Identify the statement that is false of globalization.

Which of the following statements is true of the economic system of North America?

The former communist countries that have become most visible in the international arena include:

A free-trade agreement among the United States, Canada, and Mexico that has removed most barriers to trade and investment is:

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

A _____ is comparable to a monopoly in the sense that the organization, in this case the government, has explicit control over the price and supply of a good or service.

Despite claims by Facebook, social media has not significantly connected people across the globe.

A major development in South America is:

The World Trade Organization (WTO) meeting in Doha in November of 2001 was referred to as:

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