Exam 9: Business in a Global Environment

A country's level of economic development is related to its _____.

_____ do not belong to the European Union.

The World Bank annually loans approximately $50 billion to poor and developing nations,which can use the money for health,nutrition,and education.

As someone who lives and works in a European Union country and uses the euro,you've probably found that this common currency facilitates trade and finance by making exchange rate differences less complicated.

When a Chinese company sells digital cameras in the U.S.below the price of domestically produced digital cameras,the company is following a practice called dumping.

Chic Clothing Inc. has expanded to six locations in four different countries. Having seized the opportunity to make this move two years ago, top managers are now very glad they did (as are shareholders). Business is booming in both the U.S. and foreign markets. Current plans call for opening four new stores every year—two in the United States and two in Europe—for each of the next ten years. Chic’s managers are well aware that they’ll have to put a great deal of effort into learning new languages, traditions, customs, exchange rates, religions, and political practices. -No longer a domestic company,Chic Clothing is a multinational corporation.

When nations continue to run large and ever-growing trade deficits over extended periods of time,creditor nations will eventually stop taking IOUs and trade will cease.

Which of the following arguments is advanced in favor of increased MNC activities?

With a troubled economy and the prospect of devastating economic times ahead,the Central European country of Westphalia should look to the World Bank for a major loan.

Because the sovereign republic of Lower Slipponia desires economic growth and increased foreign investment,the government has made great strides in improving the nation's infrastructure,including _____.

Alliances range in scope from informal cooperative agreements to _____.

In _____ cultures,personal and work relationships tend to be compartmentalized.

Most U.S.companies are attracted to international contract manufacturing,or outsourcing,because of high shipping,material,and marketing costs in the United States.

Under a(n)_____,a foreign company pays a royalty fee to manufacture or sell your U.S.company's products,using your name and processes and perhaps your intellectual property.

According to some experts,American businesspeople are at a competitive disadvantage when they're prohibited from giving bribes or undercover payments to foreign officials or businesspeople.

Under NAFTA (North American Free Trade Association),the United States,Canada,and Mexico are free to produce what each country does best and trade its goods and services without _____.

Ben Franklin's adage "Time is money" is now an accepted principle _____.

While importing is widely practiced throughout the world,exporting is not.

_____ is a common method of protecting domestic goods and trade.

Although different countries have different communication styles,virtually all cultures share a basic core of expression values.