Question 1

What type of political events are executives most concerned with in host countries?

Accepted Answer

A)  major political upheavals. 
B)  day-to-day low-key events that produce a fairly significant change in policy. 
C)  property seizures. 
D)  terrorist strikes. 
E)  labor strikes. 
A)  major political upheavals. 
B)  day-to-day low-key events that produce a fairly significant change in policy. 
C)  property seizures. 
D)  terrorist strikes. 
E)  labor strikes. B

Question 2

_________________________ provides the U.S. President a free hand and the power to negotiate trade deals with other governments.

Accepted Answer

A)  Fast-track reciprocal authority 
B)  Fast-track senate authority 
C)  Fast-track business authority 
D)  Fast-track trade authority 
E)  Slow-track trade authority 
A)  Fast-track reciprocal authority 
B)  Fast-track senate authority 
C)  Fast-track business authority 
D)  Fast-track trade authority 
E)  Slow-track trade authority D

Question 3

All of the following are considered forms of nontariff barriers EXCEPT:

Accepted Answer

A)  government participation in trade. 
B)  customs and entry procedures. 
C)  product requirements. 
D)  countervailing duties. 
E)  quotas. 
A)  government participation in trade. 
B)  customs and entry procedures. 
C)  product requirements. 
D)  countervailing duties. 
E)  quotas. D

Question 4

The ultimate government involvement in trade is when the government:

Accepted Answer

A)  gives tax breaks to businesses. 
B)  itself is the customer. 
C)  prevents competition. 
D)  controls the foreign competition with tariffs. 
E)  allows domestic businesses to bribe in foreign countries so they can remain competitive. 
A)  gives tax breaks to businesses. 
B)  itself is the customer. 
C)  prevents competition. 
D)  controls the foreign competition with tariffs. 
E)  allows domestic businesses to bribe in foreign countries so they can remain competitive.

Question 5

In the United States, the __________________________ has a national network of district offices in every state, offering export promotion assistance to local businesses.

Accepted Answer

A)  Ministry of International Trade and Industry (MITI) 
B)  EXIM Bank 
C)  National Industrial Council (NI
C)  
D)  International Trade Administration (IT
A)  
E)  United Nations, Division of Commerce 
A)  Ministry of International Trade and Industry (MITI) 
B)  EXIM Bank 
C)  National Industrial Council (NI
C)  
D)  International Trade Administration (IT
A)  
E)  United Nations, Division of Commerce

Question 6

__________________ is an outright takeover of assets without compensation.

Accepted Answer

A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  None of the above 
A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  None of the above

Question 7

The ____________________ is the oldest and most comprehensive international copyright treaty.

Accepted Answer

A)  Berne Convention. 
B)  London Convention. 
C)  Paris Convention. 
D)  New York Convention. 
E)  Rome Convention. 
A)  Berne Convention. 
B)  London Convention. 
C)  Paris Convention. 
D)  New York Convention. 
E)  Rome Convention.

Question 8

Trade controls can be broken into two categories - economic trade controls and
_____________________.

Accepted Answer

Political

Question 9

_________________ was founded in 1949 to stop the flow of Western technology to the Soviet Union. Australia, Japan, and the NATO countries (except Ireland) are
Members.

Accepted Answer

A)  The NATO alliance 
B)  The Western bloc 
C)  The Eastern bloc 
D)  The G-7 (Group of Seven) 
E)  COCOM (The Coordinating Committee for Multilateral Controls) 
A)  The NATO alliance 
B)  The Western bloc 
C)  The Eastern bloc 
D)  The G-7 (Group of Seven) 
E)  COCOM (The Coordinating Committee for Multilateral Controls)

Question 10

How do the macroeconomic policies of a host country affect a foreign
company's operations?

Accepted Answer

A host country is a country in which for

Question 11

One of the problems with a multiple party governmental system is a lack of
political stability and continuity.

Accepted Answer

A) True 
 B)False

Question 12

International law represents __________________ among countries.

Accepted Answer

A)  very loose arrangements 
B)  contractually binding agreements 
C)  gentlemen's agreements 
D)  almost no control of law 
E)  the best and most recognized legal standards 
A)  very loose arrangements 
B)  contractually binding agreements 
C)  gentlemen's agreements 
D)  almost no control of law 
E)  the best and most recognized legal standards

Question 13

__________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

Accepted Answer

A)  Socialism 
B)  Communism 
C)  Fascism 
D)  Capitalism 
E)  Planned economics 
A)  Socialism 
B)  Communism 
C)  Fascism 
D)  Capitalism 
E)  Planned economics

Question 14

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

Accepted Answer

A)  at home. 
B)  in the foreign country. 
C)  both at home and in the foreign country. 
D)  at the World Court in the Hague. 
E)  at the United Nations (which controls the oversight of international business). 
A)  at home. 
B)  in the foreign country. 
C)  both at home and in the foreign country. 
D)  at the World Court in the Hague. 
E)  at the United Nations (which controls the oversight of international business).

Question 15

G-7 began during the economic crisis of the mid-____________.

Accepted Answer

A)  1950s. 
B)  1960s. 
C)  1970s. 
D)  1980s. 
E)  1990s. 
A)  1950s. 
B)  1960s. 
C)  1970s. 
D)  1980s. 
E)  1990s.

Question 16

Embargoes and sanctions are ______________________ political trade controls.

Accepted Answer

A)  locally-based 
B)  regionally-based 
C)  country-based 
D)  company-based 
E)  party-based 
A)  locally-based 
B)  regionally-based 
C)  country-based 
D)  company-based 
E)  party-based

Question 17

__________________ involve(s) trading of products without involving direct monetary payments.

Accepted Answer

A)  Joint ventures 
B)  Strategic alliances 
C)  Contract manufacturing 
D)  Countertrade 
E)  Outsourcing 
A)  Joint ventures 
B)  Strategic alliances 
C)  Contract manufacturing 
D)  Countertrade 
E)  Outsourcing

Question 18

The _____________________ specifically forbade every contract, combination, or conspiracy to restrain free and open trade.

Accepted Answer

A)  Sherman Act 
B)  Clayton Act 
C)  Federal Trade Commission Act 
D)  Foreign Corrupt Practices Act 
E)  Export Trading Company Act 
A)  Sherman Act 
B)  Clayton Act 
C)  Federal Trade Commission Act 
D)  Foreign Corrupt Practices Act 
E)  Export Trading Company Act

Question 19

_______________ by a government is an outright takeover of a business's assets
without compensation.

Accepted Answer

The answer of _______________ by a government is an outright...

Question 20

__________________ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

Accepted Answer

A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  None of the above 
A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  None of the above

What type of political events are executives most concerned with in host countries?

_________________________ provides the U.S. President a free hand and the power to negotiate trade deals with other governments.

All of the following are considered forms of nontariff barriers EXCEPT:

The ultimate government involvement in trade is when the government:

In the United States, the __________________________ has a national network of district offices in every state, offering export promotion assistance to local businesses.

__________________ is an outright takeover of assets without compensation.

The ____________________ is the oldest and most comprehensive international copyright treaty.

Trade controls can be broken into two categories - economic trade controls and _____________________.

_________________ was founded in 1949 to stop the flow of Western technology to the Soviet Union. Australia, Japan, and the NATO countries (except Ireland) are Members.

How do the macroeconomic policies of a host country affect a foreign company's operations?

One of the problems with a multiple party governmental system is a lack of political stability and continuity.

International law represents __________________ among countries.

__________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

G-7 began during the economic crisis of the mid-____________.

Embargoes and sanctions are ______________________ political trade controls.

__________________ involve(s) trading of products without involving direct monetary payments.

The _____________________ specifically forbade every contract, combination, or conspiracy to restrain free and open trade.

_______________ by a government is an outright takeover of a business's assets without compensation.

__________________ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 5: Political and Legal Environment

What type of political events are executives most concerned with in host countries?

_________________________ provides the U.S. President a free hand and the power to negotiate trade deals with other governments.

All of the following are considered forms of nontariff barriers EXCEPT:

The ultimate government involvement in trade is when the government:

In the United States, the __________________________ has a national network of district offices in every state, offering export promotion assistance to local businesses.

__________________ is an outright takeover of assets without compensation.

The ____________________ is the oldest and most comprehensive international copyright treaty.

Trade controls can be broken into two categories - economic trade controls and _____________________.

_________________ was founded in 1949 to stop the flow of Western technology to the Soviet Union. Australia, Japan, and the NATO countries (except Ireland) are Members.

How do the macroeconomic policies of a host country affect a foreign company's operations?

One of the problems with a multiple party governmental system is a lack of political stability and continuity.

International law represents __________________ among countries.

__________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

G-7 began during the economic crisis of the mid-____________.

Embargoes and sanctions are ______________________ political trade controls.

__________________ involve(s) trading of products without involving direct monetary payments.

The _____________________ specifically forbade every contract, combination, or conspiracy to restrain free and open trade.

_______________ by a government is an outright takeover of a business's assets without compensation.

__________________ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters