Exam 11: Global and International Issues

A motivation for initiating international operations is that competitors in foreign markets may not exist, or competition may be less intense than in domestic markets.

With the rise in world commerce, government regulatory bodies are no longer able to closely monitor foreign business practices.

U.S. firms doing business internationally face the complications of having to deal with two or more monetary systems.

Mexican workers expect and desire a work environment in which self-expression and initiative are encouraged.

Discuss the economic outlook for Africa.

Which of the following is a European country in which union membership is growing?

In the United States, an amicable relationship is typically required before conducting business.

Foreign banks currently operate and compete in most parts of the United States.

Multinational corporations face unique and diverse risks, which include all of the following EXCEPT

All of the following are potential advantages to initiating, continuing, and/or expanding international operations EXCEPT

Approximately what percent of the world's population lives in the United States?

Which of the following U.S. industries is NOT yet greatly challenged by foreign competitors?

The domestic food industry ________, so Kraft Foods is focusing on foreign acquisitions.

Mass communication and high technology have led to highly individualized and distinct patterns of consumption in diverse cultures worldwide.

It is an exaggeration to say that in an industry that is global, the riskiest possible posture is to remain a domestic competitor.

Shifts in the nature and location of production systems, especially to China and India, are reducing the response time to changing market conditions.

The lowest cost source for precision machinery is

Brazil offers skilled labor and technology, while Germany offers abundant natural resources and rapidly developing markets.

Discuss union membership across Europe.

Asian-based multinational firms have historically kept cash earned offshore in U.S. subsidiaries and banks to take advantage of low U.S. corporate taxes.