Question 1

The lack of employment as seen in the recent times is indicative of the fact that manufacturing is in decline.

Accepted Answer

A) True 
 B)False

Question 2

All of the following facts pertain to China except:

Accepted Answer

A) China is in the upper-middle-income category. 
B) China is the largest single destination for foreign investment in the developing world. 
C) China is a member of the World Trade Organization. 
D) China has sprawling bureaucracy. 
E) China lacks infrastructure. 
A) China is in the upper-middle-income category. 
B) China is the largest single destination for foreign investment in the developing world. 
C) China is a member of the World Trade Organization. 
D) China has sprawling bureaucracy. 
E) China lacks infrastructure.

Question 3

The general characteristics shared by low-income countries do not include:

Accepted Answer

A) high birth rates. 
B) low literacy rates. 
C) concentration in Africa south of the Sahara. 
D) heavy reliance on foreign aid. 
E) lack of genuine market opportunities. 
A) high birth rates. 
B) low literacy rates. 
C) concentration in Africa south of the Sahara. 
D) heavy reliance on foreign aid. 
E) lack of genuine market opportunities.

Question 4

Venezuelan President Hugo Chavez believed in all of the following aspects except:

Accepted Answer

A) nationalization of international companies. 
B) imposition of currency controls. 
C) free-market economic policies. 
D) capitalism is a structural crisis. 
E) energy pact known as Petrocribe. 
A) nationalization of international companies. 
B) imposition of currency controls. 
C) free-market economic policies. 
D) capitalism is a structural crisis. 
E) energy pact known as Petrocribe.

Question 5

About 25% of the world population is included into the low-income economic countries category as per the World Bank classification system.

Accepted Answer

A) True 
 B)False

Question 6

Traditionally economists identified four main types of economic systems.However,due to globalization it is harder to categorize the systems narrowly.What will be more robust descriptive criteria that can be used for classification?

Accepted Answer

(a)type of economy; (b)type of

Question 7

Myanmar,a low-income country in Southeast Asia with a population of 65 million people,can be considered as one of the emerging markets.

Accepted Answer

A) True 
 B)False

Question 8

All of the following facts pertain to Brazil except:

Accepted Answer

A) Brazil is the largest country in Latin America. 
B) Brazil boasts the richest reserves of natural resources in the hemisphere. 
C) Brazil's top trading partner is China. 
D) Brazil's GNI has grown at an average annual rate of 4 percent over the past 8 years. 
E) Brazil lacks logistics software,horse-drawn carts are still a common sight on many roads. 
A) Brazil is the largest country in Latin America. 
B) Brazil boasts the richest reserves of natural resources in the hemisphere. 
C) Brazil's top trading partner is China. 
D) Brazil's GNI has grown at an average annual rate of 4 percent over the past 8 years. 
E) Brazil lacks logistics software,horse-drawn carts are still a common sight on many roads.

Question 9

In centrally planned socialism economic systems,the state allocates resources,whereas production resources are privately owned.

Accepted Answer

A) True 
 B)False

Question 10

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of countries which follow these systems.

Accepted Answer

In Centrally Planned Socialism,the state

Question 11

The top global merchandise exporter is:

Accepted Answer

A) China. 
B) Germany. 
C) the United States. 
D) Japan. 
E) Korea. 
A) China. 
B) Germany. 
C) the United States. 
D) Japan. 
E) Korea.

Question 12

One Friday a few years ago,the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%.When currency markets opened on the following Monday,anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar.What is the most likely explanation for this?

Accepted Answer

A) Japan's Central Bank acted to prop up the yen. 
B) Inflation in Japan suddenly spiked upward. 
C) McDonald's headquarters stopped hedging. 
D) McDonald's Japan reduced the yen price of a Big Mac. 
E) McDonald's Japan increased the yen price of a Big Mac. 
A) Japan's Central Bank acted to prop up the yen. 
B) Inflation in Japan suddenly spiked upward. 
C) McDonald's headquarters stopped hedging. 
D) McDonald's Japan reduced the yen price of a Big Mac. 
E) McDonald's Japan increased the yen price of a Big Mac.

Question 13

According to the authors of the Harvard Business Review article,"Serving the World's Poor,Profitably",which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

Accepted Answer

A) The poor have no money. 
B) The poor are too concerned with fulfilling basic needs to "waste" money on nonessential goods. 
C) People in BOP markets will be criticized for exploiting the poor. 
D) People in BOP markets cannot use advanced technology. 
E) All of the above are mistaken assumptions discussed by the authors. 
A) The poor have no money. 
B) The poor are too concerned with fulfilling basic needs to "waste" money on nonessential goods. 
C) People in BOP markets will be criticized for exploiting the poor. 
D) People in BOP markets cannot use advanced technology. 
E) All of the above are mistaken assumptions discussed by the authors.

Question 14

President Franklin Roosevelt launched the Works Progress Administration (WPA)which put millions of Americans back to work.

Accepted Answer

A) True 
 B)False

Question 15

The death of Venezuelan President Hugo Chavez in March 2013 marked the end of an era,where he toyed with the idea of pursuing a "third way" to economic growth.

Accepted Answer

A) True 
 B)False

Question 16

Global marketers should take note of the fact that almost half of the world's population is located in:

Accepted Answer

A) low-income countries. 
B) lower-middle-income countries. 
C) upper-middle-income countries. 
D) high-income countries. 
E) higher-middle-income countries. 
A) low-income countries. 
B) lower-middle-income countries. 
C) upper-middle-income countries. 
D) high-income countries. 
E) higher-middle-income countries.

Question 17

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.It is divided into the current and capital accounts.Current accounts include all of the following except:

Accepted Answer

A) balance on goods. 
B) portfolio investments. 
C) balance on services. 
D) goods imports. 
E) goods exports. 
A) balance on goods. 
B) portfolio investments. 
C) balance on services. 
D) goods imports. 
E) goods exports.

Question 18

A country with a positive current account balance has a trade deficit;that is,the outflow of money to pay for imports exceeds the inflow of money for sales of exports.

Accepted Answer

A) True 
 B)False

Question 19

Product and market opportunities in postindustrial society are heavily dependent upon new products and innovations.

Accepted Answer

A) True 
 B)False

Question 20

The World Bank has developed a four-category classification system for stages of marketing development which uses per capita gross national income (GNI)as a base.

Accepted Answer

A) True 
 B)False

The lack of employment as seen in the recent times is indicative of the fact that manufacturing is in decline.

All of the following facts pertain to China except:

The general characteristics shared by low-income countries do not include:

Venezuelan President Hugo Chavez believed in all of the following aspects except:

About 25% of the world population is included into the low-income economic countries category as per the World Bank classification system.

Traditionally economists identified four main types of economic systems.However,due to globalization it is harder to categorize the systems narrowly.What will be more robust descriptive criteria that can be used for classification?

Myanmar,a low-income country in Southeast Asia with a population of 65 million people,can be considered as one of the emerging markets.

All of the following facts pertain to Brazil except:

In centrally planned socialism economic systems,the state allocates resources,whereas production resources are privately owned.

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of countries which follow these systems.

The top global merchandise exporter is:

According to the authors of the Harvard Business Review article,"Serving the World's Poor,Profitably",which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

President Franklin Roosevelt launched the Works Progress Administration (WPA)which put millions of Americans back to work.

The death of Venezuelan President Hugo Chavez in March 2013 marked the end of an era,where he toyed with the idea of pursuing a "third way" to economic growth.

Global marketers should take note of the fact that almost half of the world's population is located in:

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.It is divided into the current and capital accounts.Current accounts include all of the following except:

A country with a positive current account balance has a trade deficit;that is,the outflow of money to pay for imports exceeds the inflow of money for sales of exports.

Product and market opportunities in postindustrial society are heavily dependent upon new products and innovations.

The World Bank has developed a four-category classification system for stages of marketing development which uses per capita gross national income (GNI)as a base.

Introduction to Global Marketing

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 2: The Global Economic Environment

The lack of employment as seen in the recent times is indicative of the fact that manufacturing is in decline.

All of the following facts pertain to China except:

The general characteristics shared by low-income countries do not include:

Venezuelan President Hugo Chavez believed in all of the following aspects except:

About 25% of the world population is included into the low-income economic countries category as per the World Bank classification system.

Traditionally economists identified four main types of economic systems.However,due to globalization it is harder to categorize the systems narrowly.What will be more robust descriptive criteria that can be used for classification?

Myanmar,a low-income country in Southeast Asia with a population of 65 million people,can be considered as one of the emerging markets.

All of the following facts pertain to Brazil except:

In centrally planned socialism economic systems,the state allocates resources,whereas production resources are privately owned.

What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of countries which follow these systems.

The top global merchandise exporter is:

According to the authors of the Harvard Business Review article,"Serving the World's Poor,Profitably",which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

President Franklin Roosevelt launched the Works Progress Administration (WPA)which put millions of Americans back to work.

The death of Venezuelan President Hugo Chavez in March 2013 marked the end of an era,where he toyed with the idea of pursuing a "third way" to economic growth.

Global marketers should take note of the fact that almost half of the world's population is located in:

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.It is divided into the current and capital accounts.Current accounts include all of the following except:

A country with a positive current account balance has a trade deficit;that is,the outflow of money to pay for imports exceeds the inflow of money for sales of exports.

Product and market opportunities in postindustrial society are heavily dependent upon new products and innovations.

The World Bank has developed a four-category classification system for stages of marketing development which uses per capita gross national income (GNI)as a base.

Introduction to Global Marketing

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters