Exam 4: Understanding the Global Context of Business

In some South American countries,it is sometimes legal to bribe other businesses and government officials,while this practice is illegal in the United States.Which of the following refers to this type of policy?

How has globalization affected the potential for higher standards of living within the world?

Which of the following refers to associations of producers that control supply and prices?

Discuss the differences between absolute advantage and comparative advantage.

An executive at Derrido suggests that a contractual relationship will provide the company with a fair amount of control over how the foreign partner markets Derrido's product.Which of the following,if true,would strengthen this case?

Many governments require that products sold in their particular country be at least partly made there.This policy involves what type of laws?

What are the advantages and disadvantages of globalization?

Describe the relationship of exports and imports in a country's balance of trade and its balance of payments.

In a licensing arrangement,firms choose foreign organizations to manufacture their products in another country in return for a fee plus royalties.

Which of the following refers to tariffs that are imposed strictly to raise money for the government?

What are the four components of national competitive advantage?

ABC Company in the United States has given exclusive rights to XYZ Company in Switzerland to manufacture its products.What is this is an example of?

One of Derrido's sales executives suggests that Derrido's particular type of business enables a contractual relationship to be an especially suitable way for the company to market its products internationally.Which of the following,if true,would strengthen this position?

To avoid transportation costs and tariffs,Apics Enterprises gave exclusive rights to Svenson AB in Finland to produce its product.What is this an example of?

Which of the following refers to the situation when a country's imports exceed its exports?

How has NAFTA influenced international trade?

What is the difference between balance of trade and balance of payments?

In assessing a country's national competitive advantage,what is meant by factor conditions?

What are products that are created domestically and transported for sale abroad?

Which country dominates the Pacific Asia region economically?