Question 1

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 they 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 they 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 2

NAFTA is a free trade agreement between the United States, Canada and Mexico that has in essence removed all barriers to trade and investment between the three nations.

Accepted Answer

A) True 
 B)False

Question 3

The European Union:

Accepted Answer

A) Has achieved the reality of a single currency and a regional central bank 
B) Has eliminated all trade barriers among member countries 
C) Subjects member nations to quotas on the manufacture and shipment of high-quality, low-cost goods 
D) Imposes duties on member nations for the manufacture and shipment of high-quality, low-cost goods 
A) Has achieved the reality of a single currency and a regional central bank 
B) Has eliminated all trade barriers among member countries 
C) Subjects member nations to quotas on the manufacture and shipment of high-quality, low-cost goods 
D) Imposes duties on member nations for the manufacture and shipment of high-quality, low-cost goods

Question 4

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 5

Which of the following observations about NAFTA is incorrect?

Accepted Answer

A) Mexican businesses are finding themselves able to take advantage of the U.S.market by replacing goods that were previously purchased from Asia 
B) Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market 
C) Mexican firms can now export goods into the European community only by paying a heavy tariff 
D) Mexico's trade with Asia is on the rise which is important to the country as it wants to reduce its overreliance on the U.S.market 
A) Mexican businesses are finding themselves able to take advantage of the U.S.market by replacing goods that were previously purchased from Asia 
B) Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market 
C) Mexican firms can now export goods into the European community only by paying a heavy tariff 
D) Mexico's trade with Asia is on the rise which is important to the country as it wants to reduce its overreliance on the U.S.market

Question 6

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 7

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 8

The Central and Eastern European republics:

Accepted Answer

A) Have attempted to grow in terms of intercountry trade, spurred on by the progress toward free-market policies 
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, spurred on by the progress toward free-market policies 
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

Question 9

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 10

The Goldman Sachs global economics team:

Accepted Answer

A) Estimates that Chile will occupy a dominant role in the global economic system and will surpass the United States in output by 2035 
B) Reports that the economic potential of Brazil, Russia, India and China is such that they may become among the four most dominant economies by the year 2050 
C) Estimates that the BRIC economies' share of world growth could rise from 40 percent in 2000 to more than 70 percent in 2025 
D) Reports that Germany, followed by India a decade later, will overtake the United States as the world's largest car market 
A) Estimates that Chile will occupy a dominant role in the global economic system and will surpass the United States in output by 2035 
B) Reports that the economic potential of Brazil, Russia, India and China is such that they may become among the four most dominant economies by the year 2050 
C) Estimates that the BRIC economies' share of world growth could rise from 40 percent in 2000 to more than 70 percent in 2025 
D) Reports that Germany, followed by India a decade later, will overtake the United States as the world's largest car market

Question 11

Chaebols are large, family-held conglomerates in:

Accepted Answer

A) Thailand 
B) Japan 
C) South Korea 
D) China 
A) Thailand 
B) Japan 
C) South Korea 
D) China

Question 12

The process by which companies undertake some activities at offshore locations instead of in their countries of origin is:

Accepted Answer

A) Homesourcing 
B) Insourcing 
C) Offshoring 
D) Globalization 
A) Homesourcing 
B) Insourcing 
C) Offshoring 
D) Globalization

Question 13

What is a multinational corporation? Why would a company want to be a multinational corporation?

Accepted Answer

A multinational corporation is a firm th

Question 14

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 15

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 16

Which country receives the most foreign direct investment (FDI) by U.S.companies?

Accepted Answer

A) Netherlands 
B) Mexico 
C) Great Britain 
D) Canada 
A) Netherlands 
B) Mexico 
C) Great Britain 
D) Canada

Question 17

The emerging global community is becoming increasingly:

Accepted Answer

A) Socially isolated 
B) Economically interdependent 
C) Culturally interdependent 
D) Financially independent 
A) Socially isolated 
B) Economically interdependent 
C) Culturally interdependent 
D) Financially independent

Question 18

_____ is the United States' largest trading partner, a position it has held for many years.

Accepted Answer

A) England 
B) Canada 
C) Japan 
D) Mexico 
A) England 
B) Canada 
C) Japan 
D) Mexico

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The following statements are true about the United States and Canada except:

Accepted Answer

A) The legal and business environments of the two countries are very different 
B) Both countries are participants in NAFTA 
C) Canada is the largest trading partner of the U.S 
D) In recent years, Canadian firms have begun investing heavily in the U.S 
A) The legal and business environments of the two countries are very different 
B) Both countries are participants in NAFTA 
C) Canada is the largest trading partner of the U.S 
D) In recent years, Canadian firms have begun investing heavily in the U.S

Which of the following statements is not true of Japan?

NAFTA is a free trade agreement between the United States, Canada and Mexico that has in essence removed all barriers to trade and investment between the three nations.

The European Union:

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 observations about NAFTA is incorrect?

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

The following are characteristics of the BRIC economies except:

The Central and Eastern European republics:

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 Goldman Sachs global economics team:

Chaebols are large, family-held conglomerates in:

The process by which companies undertake some activities at offshore locations instead of in their countries of origin is:

What is a multinational corporation? Why would a company want to be a multinational corporation?

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

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.

Which country receives the most foreign direct investment (FDI) by U.S.companies?

The emerging global community is becoming increasingly:

_____ is the United States' largest trading partner, a position it has held for many years.

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

The following statements are true about the United States and Canada except:

The Political, Legal, and Technological Environment

Ethics and Social Responsibility

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication 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 not true of Japan?

NAFTA is a free trade agreement between the United States, Canada and Mexico that has in essence removed all barriers to trade and investment between the three nations.

The European Union:

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 observations about NAFTA is incorrect?

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

The following are characteristics of the BRIC economies except:

The Central and Eastern European republics:

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 Goldman Sachs global economics team:

Chaebols are large, family-held conglomerates in:

The process by which companies undertake some activities at offshore locations instead of in their countries of origin is:

What is a multinational corporation? Why would a company want to be a multinational corporation?

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

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.

Which country receives the most foreign direct investment (FDI) by U.S.companies?

The emerging global community is becoming increasingly:

_____ is the United States' largest trading partner, a position it has held for many years.

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

The following statements are true about the United States and Canada except:

The Political, Legal, and Technological Environment

Ethics and Social Responsibility

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication 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