Question 1

According to the textbook, government policies drive the following economic factors EXCEPT:

Accepted Answer

A)  the cost of capital. 
B)  level of economic growth. 
C)  companies' outsourcing strategies. 
D)  rates of inflation. 
E)  international exchange rates. 
A)  the cost of capital. 
B)  level of economic growth. 
C)  companies' outsourcing strategies. 
D)  rates of inflation. 
E)  international exchange rates.

Question 2

Treaties and international contracts do not represent formal agreements among nations or firms.

Accepted Answer

A) True 
 B)False

Question 3

A(n) ____________________ country refers to a country in which foreign companies are allowed to do business in accordance with its government policies and within its
Laws.

Accepted Answer

A)  foreign trade zone 
B)  domestic 
C)  origin 
D)  home 
E)  host 
A)  foreign trade zone 
B)  domestic 
C)  origin 
D)  home 
E)  host

Question 4

__________________ refers to a foreign government's takeover of company assets such as land and goods with compensation that tend to fall short of their market value.

Accepted Answer

A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  non of the above 
A)  Expropriation 
B)  Confiscation 
C)  Domestication 
D)  Nationalization 
E)  non of the above

Question 5

The group consisting of the original G-7 and _________________ is known as G-8.

Accepted Answer

A)  Singapore 
B)  Ireland 
C)  Russia 
D)  China 
E)  New Zealand 
A)  Singapore 
B)  Ireland 
C)  Russia 
D)  China 
E)  New Zealand

Question 6

The ISO 9000 standards served as a model for the _____________ series.

Accepted Answer

A)  ISO 10000 
B)  ISO 11000 
C)  ISO 12000 
D)  ISO 14000 
E)  ISO 15000 
A)  ISO 10000 
B)  ISO 11000 
C)  ISO 12000 
D)  ISO 14000 
E)  ISO 15000

Question 7

The U.S. antitrust laws were originally and primarily aimed at domestic monopolies.

Accepted Answer

A) True 
 B)False

Question 8

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political
Parties, or any candidate for foreign political office for purposes of obtaining,
Retaining, or directing business.

Accepted Answer

A)  Foreign Illegal Practices Act 
B)  Foreign Corruption Issues Act 
C)  Foreign Corruption Law Act 
D)  Foreign Bribery Practices Act 
E)  Foreign Corrupt Practices Act 
A)  Foreign Illegal Practices Act 
B)  Foreign Corruption Issues Act 
C)  Foreign Corruption Law Act 
D)  Foreign Bribery Practices Act 
E)  Foreign Corrupt Practices Act

Question 9

Describe the various types of local legal systems. Describe how these differences
might affect a company that wishes to conduct international business.

Accepted Answer

There are three types of local legal sys

Question 10

Another name for domestication is _______________________.

Accepted Answer

A)  repatriation policy 
B)  phase-out policy 
C)  phase-in policy 
D)  upward-bound policy 
E)  equity policy 
A)  repatriation policy 
B)  phase-out policy 
C)  phase-in policy 
D)  upward-bound policy 
E)  equity policy

Question 11

______________________ are country-based political trade controls.

Accepted Answer

A)  Embargoes and sanctions 
B)  Nontariff barriers 
C)  Taxing imports 
D)  Taxing exports 
E)  Tariffs 
A)  Embargoes and sanctions 
B)  Nontariff barriers 
C)  Taxing imports 
D)  Taxing exports 
E)  Tariffs

Question 12

An example of the dual-party system in operation is found in:

Accepted Answer

A)  Mexico 
B)  Britain 
C)  India 
D)  Pakistan 
E)  Japan 
A)  Mexico 
B)  Britain 
C)  India 
D)  Pakistan 
E)  Japan

Question 13

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for
Foreign political office for purposes of obtaining, retaining, or directing business.

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 14

An example of an economic trade control would be a trade restraint instituted to:

Accepted Answer

A)  protect local jobs. 
B)  embargo goods. 
C)  sanction trading in certain goods. 
D)  refrain from trading with communist Cuba. 
E)  freeze the assets of Iraq. 
A)  protect local jobs. 
B)  embargo goods. 
C)  sanction trading in certain goods. 
D)  refrain from trading with communist Cuba. 
E)  freeze the assets of Iraq.

Question 15

The ____________________ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

Accepted Answer

A)  International Standards Organization 
B)  International Production Standards Organization 
C)  Quality Council 
D)  Demming Committee 
E)  Baldridge Foundation 
A)  International Standards Organization 
B)  International Production Standards Organization 
C)  Quality Council 
D)  Demming Committee 
E)  Baldridge Foundation

Question 16

Accepted Answer

A) True 
 B)False

Question 17

One way to characterize the nature of a government is by its __________________.

Accepted Answer

A)  political ideology 
B)  ethnic ideology 
C)  business ideology 
D)  social ideology 
E)  regional ideology 
A)  political ideology 
B)  ethnic ideology 
C)  business ideology 
D)  social ideology 
E)  regional ideology

Question 18

______________ Institutional Revolutionary Party had controlled the country for 70 years.

Accepted Answer

A)  Italy's 
B)  Great Britain's 
C)  India's 
D)  Ireland's 
E)  Mexico's 
A)  Italy's 
B)  Great Britain's 
C)  India's 
D)  Ireland's 
E)  Mexico's

Question 19

In the United States, the organization that seeks to help firms considering exports to
other countries is the International Trade Agency (ITA).

Accepted Answer

A) True 
 B)False

Question 20

Profit remittances and differential taxation and interest rates are illustrations of which of the following types of control?

Accepted Answer

A)  ownership control 
B)  incentive control 
C)  industry control 
D)  financial control 
E)  political control 
A)  ownership control 
B)  incentive control 
C)  industry control 
D)  financial control 
E)  political control

According to the textbook, government policies drive the following economic factors EXCEPT:

Treaties and international contracts do not represent formal agreements among nations or firms.

A(n) ____________________ country refers to a country in which foreign companies are allowed to do business in accordance with its government policies and within its Laws.

__________________ refers to a foreign government's takeover of company assets such as land and goods with compensation that tend to fall short of their market value.

The group consisting of the original G-7 and _________________ is known as G-8.

The ISO 9000 standards served as a model for the _____________ series.

The U.S. antitrust laws were originally and primarily aimed at domestic monopolies.

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political Parties, or any candidate for foreign political office for purposes of obtaining, Retaining, or directing business.

Describe the various types of local legal systems. Describe how these differences might affect a company that wishes to conduct international business.

Another name for domestication is _______________________.

______________________ are country-based political trade controls.

An example of the dual-party system in operation is found in:

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for Foreign political office for purposes of obtaining, retaining, or directing business.

An example of an economic trade control would be a trade restraint instituted to:

The ____________________ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The Digital Millennium Copyright Act (DMCA) of 1998 was passed in Germany.

One way to characterize the nature of a government is by its __________________.

______________ Institutional Revolutionary Party had controlled the country for 70 years.

In the United States, the organization that seeks to help firms considering exports to other countries is the International Trade Agency (ITA).

Profit remittances and differential taxation and interest rates are illustrations of which of the following types of control?

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

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Exam 5: Political and Legal Environment

According to the textbook, government policies drive the following economic factors EXCEPT:

Treaties and international contracts do not represent formal agreements among nations or firms.

A(n) ____________________ country refers to a country in which foreign companies are allowed to do business in accordance with its government policies and within its Laws.

__________________ refers to a foreign government's takeover of company assets such as land and goods with compensation that tend to fall short of their market value.

The group consisting of the original G-7 and _________________ is known as G-8.

The ISO 9000 standards served as a model for the _____________ series.

The U.S. antitrust laws were originally and primarily aimed at domestic monopolies.

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political Parties, or any candidate for foreign political office for purposes of obtaining, Retaining, or directing business.

Describe the various types of local legal systems. Describe how these differences might affect a company that wishes to conduct international business.

Another name for domestication is _______________________.

______________________ are country-based political trade controls.

An example of the dual-party system in operation is found in:

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for Foreign political office for purposes of obtaining, retaining, or directing business.

An example of an economic trade control would be a trade restraint instituted to:

The ____________________ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The Digital Millennium Copyright Act (DMCA) of 1998 was passed in Germany.

One way to characterize the nature of a government is by its __________________.

______________ Institutional Revolutionary Party had controlled the country for 70 years.

In the United States, the organization that seeks to help firms considering exports to other countries is the International Trade Agency (ITA).

Profit remittances and differential taxation and interest rates are illustrations of which of the following types of control?

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