Question 1

Which of the following is an accelerating trend in the economies of India and China?

Accepted Answer

A)  importance of technical and managerial skills 
B)  dominance in mass production 
C)  cheap assembly labour 
D)  movement toward political stability 
A)  importance of technical and managerial skills 
B)  dominance in mass production 
C)  cheap assembly labour 
D)  movement toward political stability

Question 2

Japanese automobile manufacturer Mazda began production of the Premacy SUV in Haikou,China,at a plant it built in the Chinese province and expected to make 20,000 autos in 3 years.Mazda is using which action to engage in global trading?

Accepted Answer

A)  direct foreign investment 
B)  an international cooperative 
C)  a limited partnership 
D)  an international corporation 
A)  direct foreign investment 
B)  an international cooperative 
C)  a limited partnership 
D)  an international corporation

Question 3

A good product transcends cultural barriers.It does not need to be changed to suit different countries or cultures.

Accepted Answer

A) True 
 B)False

Question 4

What new trade organization was created by the Uruguay Round to replace the old General Agreement on Tariffs and Trade (GATT)?

Accepted Answer

the World

Question 5

What happens when a country lowers the value of its currency relative to other countries?

Accepted Answer

The answer of What happens when a country lowers the...

Question 6

Which of the following are products that are bought from one country for use in another just as Canada buys coffee from Columbia?

Accepted Answer

A)  tariffs 
B)  tangibles 
C)  imports 
D)  exports 
A)  tariffs 
B)  tangibles 
C)  imports 
D)  exports

Question 7

Romania has imports of $16.7 billion and has an unfavourable balance of trade.This means that Romania has which of the following?

Accepted Answer

A)  less than $16.7 billion in exports 
B)  exactly $16.7 billion in exports 
C)  more than $16.7 billion in exports 
D)  low inflation 
A)  less than $16.7 billion in exports 
B)  exactly $16.7 billion in exports 
C)  more than $16.7 billion in exports 
D)  low inflation

Question 8

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to which of the following goals?

Accepted Answer

A)  developing new agricultural techniques for developing countries 
B)  purchasing food for the population of developing countries 
C)  building highways,schools,and hospitals for developing countries 
D)  offering loans to help to relieve the debt burden of developing countries 
A)  developing new agricultural techniques for developing countries 
B)  purchasing food for the population of developing countries 
C)  building highways,schools,and hospitals for developing countries 
D)  offering loans to help to relieve the debt burden of developing countries

Question 9

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency,usually a central bank?

Accepted Answer

A)  currency policies 
B)  laws of balanced exchange 
C)  favourable exchange regulations 
D)  exchange controls 
A)  currency policies 
B)  laws of balanced exchange 
C)  favourable exchange regulations 
D)  exchange controls

Question 10

Which of the following best describes an effect of free trade?

Accepted Answer

A)  It establishes artificial barriers to trade. 
B)  It allows companies to conduct business without licences. 
C)  It permits people to buy and sell where they please. 
D)  It contributes to protectionism. 
A)  It establishes artificial barriers to trade. 
B)  It allows companies to conduct business without licences. 
C)  It permits people to buy and sell where they please. 
D)  It contributes to protectionism.

Question 11

The Sara Lee Company sells the Hanes brand of hosiery in North America.The manufacturer of this hosiery brand in Great Britain sells it under the brand name of Pretty Polly.The Sara Lee Company is using which of the following activities to broaden its global marketing base without investing in overseas plants and equipment?

Accepted Answer

A)  contract manufacturing 
B)  a cooperative agreement 
C)  a joint venture 
D)  a licensing agreement 
A)  contract manufacturing 
B)  a cooperative agreement 
C)  a joint venture 
D)  a licensing agreement

Question 12

Which of the following is an argument for tariffs that protect domestic businesses and workers?

Accepted Answer

A)  the protection of industries and technology vital to defence preparedness 
B)  the maintenance of improved quality of products to protect consumers 
C)  the quota system argument 
D)  the protection of large,established businesses 
A)  the protection of industries and technology vital to defence preparedness 
B)  the maintenance of improved quality of products to protect consumers 
C)  the quota system argument 
D)  the protection of large,established businesses

Question 13

Some multinational corporations are so large that they resemble small countries.

Accepted Answer

A) True 
 B)False

Question 14

One of the difficulties in doing business in France is that often the business must be conducted in French.Therefore,which of the following attitudes appear to be extremely important in France?

Accepted Answer

A)  unionism 
B)  nationalism 
C)  federalism 
D)  multinationalism 
A)  unionism 
B)  nationalism 
C)  federalism 
D)  multinationalism

Question 15

Which of the following represents the world's largest free-trade zone?

Accepted Answer

A)  the North Atlantic Treaty Organization 
B)  the North American Free Trade Agreement 
C)  the European Union 
D)  the International Monetary Fund 
A)  the North Atlantic Treaty Organization 
B)  the North American Free Trade Agreement 
C)  the European Union 
D)  the International Monetary Fund

Question 16

Limitations on the quantity of certain types of goods that can be imported over a period of time are called import quotas.

Accepted Answer

A) True 
 B)False

Question 17

How does an infrastructure influence a country's economic development?

Accepted Answer

An infrastructure is the basic

Question 18

What term has the opposite meaning from "protectionism"?

Accepted Answer

The answer of What term has the opposite meaning from...

Question 19

Which of the following is the reduction of a currency's value relative to another currency?

Accepted Answer

A)  deregulation 
B)  currency levelling 
C)  devaluation 
D)  exchange depreciation 
A)  deregulation 
B)  currency levelling 
C)  devaluation 
D)  exchange depreciation

Question 20

Which of the following are goods and services that are made in one country and sold to other countries?

Accepted Answer

A)  tangibles 
B)  countertrades 
C)  exports 
D)  imports 
A)  tangibles 
B)  countertrades 
C)  exports 
D)  imports

Which of the following is an accelerating trend in the economies of India and China?

Japanese automobile manufacturer Mazda began production of the Premacy SUV in Haikou,China,at a plant it built in the Chinese province and expected to make 20,000 autos in 3 years.Mazda is using which action to engage in global trading?

A good product transcends cultural barriers.It does not need to be changed to suit different countries or cultures.

What new trade organization was created by the Uruguay Round to replace the old General Agreement on Tariffs and Trade (GATT)?

What happens when a country lowers the value of its currency relative to other countries?

Which of the following are products that are bought from one country for use in another just as Canada buys coffee from Columbia?

Romania has imports of $16.7 billion and has an unfavourable balance of trade.This means that Romania has which of the following?

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to which of the following goals?

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency,usually a central bank?

Which of the following best describes an effect of free trade?

Which of the following is an argument for tariffs that protect domestic businesses and workers?

Some multinational corporations are so large that they resemble small countries.

One of the difficulties in doing business in France is that often the business must be conducted in French.Therefore,which of the following attitudes appear to be extremely important in France?

Which of the following represents the world's largest free-trade zone?

Limitations on the quantity of certain types of goods that can be imported over a period of time are called import quotas.

How does an infrastructure influence a country's economic development?

What term has the opposite meaning from "protectionism"?

Which of the following is the reduction of a currency's value relative to another currency?

Which of the following are goods and services that are made in one country and sold to other countries?

understanding Evolving Economic Systems and Competition

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Entrepreneurship and Small Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Understanding Money, financial Institutions, and the Securities Markets

Managing the Firm’s Finances

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Exam 2: the Global Marketplace and Governments’ Roles

Which of the following is an accelerating trend in the economies of India and China?

Japanese automobile manufacturer Mazda began production of the Premacy SUV in Haikou,China,at a plant it built in the Chinese province and expected to make 20,000 autos in 3 years.Mazda is using which action to engage in global trading?

A good product transcends cultural barriers.It does not need to be changed to suit different countries or cultures.

What new trade organization was created by the Uruguay Round to replace the old General Agreement on Tariffs and Trade (GATT)?

What happens when a country lowers the value of its currency relative to other countries?

Which of the following are products that are bought from one country for use in another just as Canada buys coffee from Columbia?

Romania has imports of $16.7 billion and has an unfavourable balance of trade.This means that Romania has which of the following?

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to which of the following goals?

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency,usually a central bank?

Which of the following best describes an effect of free trade?

Which of the following is an argument for tariffs that protect domestic businesses and workers?

Some multinational corporations are so large that they resemble small countries.

One of the difficulties in doing business in France is that often the business must be conducted in French.Therefore,which of the following attitudes appear to be extremely important in France?

Which of the following represents the world's largest free-trade zone?

Limitations on the quantity of certain types of goods that can be imported over a period of time are called import quotas.

How does an infrastructure influence a country's economic development?

What term has the opposite meaning from "protectionism"?

Which of the following is the reduction of a currency's value relative to another currency?

Which of the following are goods and services that are made in one country and sold to other countries?

understanding Evolving Economic Systems and Competition

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Entrepreneurship and Small Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Understanding Money, financial Institutions, and the Securities Markets

Managing the Firm’s Finances

Filters