Question 1

To counter parents' concerns about fast foods and childhood obesity, McDonalds considered

Accepted Answer

A)  a variety of menu items such as milk shakes and candy. 
B)  a variety of menu items such as apple slices, fruit juices, peanut butter and jelly sandwiches, and carrot sticks. 
C)  not changing the menu. 
D)  all of the above. 
A)  a variety of menu items such as milk shakes and candy. 
B)  a variety of menu items such as apple slices, fruit juices, peanut butter and jelly sandwiches, and carrot sticks. 
C)  not changing the menu. 
D)  all of the above.

Question 2

Multinational corporations always confront local legislation and institutions in terms of hiring and employment practices.

Accepted Answer

A) True 
 B)False

Question 3

Wal-Mart's advantages in the U.S. :

Accepted Answer

A)  worked in Mexico. 
B)  did not work in Mexico. 
C)  were the same in Mexico. 
D)  none of the above. 
A)  worked in Mexico. 
B)  did not work in Mexico. 
C)  were the same in Mexico. 
D)  none of the above.

Question 4

How did McDonald's attempt to address the cultural differences around the world in selling its product?

Accepted Answer

For example, McDonald's design

Question 5

Managers can increase firm profits by:

Accepted Answer

A)  increasing revenue only. 
B)  decreasing costs only. 
C)  increasing revenue and decreasing costs. 
D)  none of the above. 
A)  increasing revenue only. 
B)  decreasing costs only. 
C)  increasing revenue and decreasing costs. 
D)  none of the above.

Question 6

NAFTA which took effect in 1994, did not create a hospitable environment for companies seeking to expand globally.

Accepted Answer

A) True 
 B)False

Question 7

What did the real appreciation of the peso in the early 1990s do for capital flows in Mexico?

Accepted Answer

The real appreciatio

Question 8

led to consolidation, the development of national supermarket chains, and partnerships with international retailers in Mexico?

Accepted Answer

A)  GATT. 
B)  FATT. 
C)  NAFTA. 
D)  None of the above. 
A)  GATT. 
B)  FATT. 
C)  NAFTA. 
D)  None of the above.

Question 9

In 2001-2002, the fast food industry underwent tremendous growth.

Accepted Answer

A) True 
 B)False

Question 10

McDonalds kept its U.S.-based menu when entering the Chinese market.

Accepted Answer

A) True 
 B)False

Question 11

China's investment is largely financed out of:

Accepted Answer

A)  profits. 
B)  equity financing. 
C)  debt financing. 
D)  none of the above. 
A)  profits. 
B)  equity financing. 
C)  debt financing. 
D)  none of the above.

Question 12

Mexico's 1994 economic crisis led to the:

Accepted Answer

A)  revaluation of the peso. 
B)  appreciation of the peso. 
C)  devaluation of the peso. 
D)  none of the above. 
A)  revaluation of the peso. 
B)  appreciation of the peso. 
C)  devaluation of the peso. 
D)  none of the above.

Question 13

How did McDonalds address the obesity issue in China?

Accepted Answer

McDonalds entered a partnership with Chi

Question 14

The World Bank estimates that China's air and water pollution costs about:

Accepted Answer

A)  5.8 percent of its GDP. 
B)  2 percent of its GDP. 
C)  20 percent of its GDP. 
D)  none of the above. 
A)  5.8 percent of its GDP. 
B)  2 percent of its GDP. 
C)  20 percent of its GDP. 
D)  none of the above.

Question 15

How did McDonalds address the drive-through innovation in China?

Accepted Answer

Customers had to be taught how

Question 16

Give some examples of oligopolistic behavior among the major fast food companies.

Accepted Answer

The companies typica

Question 17

Changing consumer taste and preferences, lawsuits, and competitive pressures adversely affect McDonald's sales.

Accepted Answer

A) True 
 B)False

Question 18

As McDonald's expanded globally, it was able to achieve:

Accepted Answer

A)  economies of scope. 
B)  economies of scale. 
C)  diseconomies of scale. 
D)  none of the above. 
A)  economies of scope. 
B)  economies of scale. 
C)  diseconomies of scale. 
D)  none of the above.

Question 19

An exchange rate can be maintained only as long as:

Accepted Answer

A)  the country's central bank reserves are available to support currency intervention in the foreign exchange market. 
B)  the country's central bank can increase the domestic money supply. 
C)  the country's government increases debt financing. 
D)  none of the above. 
A)  the country's central bank reserves are available to support currency intervention in the foreign exchange market. 
B)  the country's central bank can increase the domestic money supply. 
C)  the country's government increases debt financing. 
D)  none of the above.

Question 20

When Wal-Mart arrived in Mexico, the food retailing sector was comprised of a handful of national supermarket chains.

Accepted Answer

A) True 
 B)False

To counter parents' concerns about fast foods and childhood obesity, McDonalds considered

Multinational corporations always confront local legislation and institutions in terms of hiring and employment practices.

Wal-Mart's advantages in the U.S. :

How did McDonald's attempt to address the cultural differences around the world in selling its product?

Managers can increase firm profits by:

NAFTA which took effect in 1994, did not create a hospitable environment for companies seeking to expand globally.

What did the real appreciation of the peso in the early 1990s do for capital flows in Mexico?

led to consolidation, the development of national supermarket chains, and partnerships with international retailers in Mexico?

In 2001-2002, the fast food industry underwent tremendous growth.

McDonalds kept its U.S.-based menu when entering the Chinese market.

China's investment is largely financed out of:

Mexico's 1994 economic crisis led to the:

How did McDonalds address the obesity issue in China?

The World Bank estimates that China's air and water pollution costs about:

How did McDonalds address the drive-through innovation in China?

Give some examples of oligopolistic behavior among the major fast food companies.

Changing consumer taste and preferences, lawsuits, and competitive pressures adversely affect McDonald's sales.

As McDonald's expanded globally, it was able to achieve:

An exchange rate can be maintained only as long as:

When Wal-Mart arrived in Mexico, the food retailing sector was comprised of a handful of national supermarket chains.

Managers and Economics

Demand, Supply, and Equilibrium Prices

Demand Elasticities

Techniques for Understanding Consumer Demand and Behavior

Production and Cost Analysis in the Short Run

Production and Cost Analysis in the Long Run

Market Structure: Perfect Competition

Market Structure: Monopoly and Monopolistic Competition

Market Structure: Oligopoly

Pricing Strategies for the Firm

Measuring Macroeconomic Activity

Spending by Individuals, Firms, and Governments on Real Goods and Services

The Role of Money in the Macro Economy

The Aggregate Model of the Macro Economy

International and Balance of Payments Issues in the Macro Economy

Filters

Exam 16: Combining Micro and Macro Analysis for Managerial Decision Making

To counter parents' concerns about fast foods and childhood obesity, McDonalds considered

Multinational corporations always confront local legislation and institutions in terms of hiring and employment practices.

Wal-Mart's advantages in the U.S. :

How did McDonald's attempt to address the cultural differences around the world in selling its product?

Managers can increase firm profits by:

NAFTA which took effect in 1994, did not create a hospitable environment for companies seeking to expand globally.

What did the real appreciation of the peso in the early 1990s do for capital flows in Mexico?

led to consolidation, the development of national supermarket chains, and partnerships with international retailers in Mexico?

In 2001-2002, the fast food industry underwent tremendous growth.

McDonalds kept its U.S.-based menu when entering the Chinese market.

China's investment is largely financed out of:

Mexico's 1994 economic crisis led to the:

How did McDonalds address the obesity issue in China?

The World Bank estimates that China's air and water pollution costs about:

How did McDonalds address the drive-through innovation in China?

Give some examples of oligopolistic behavior among the major fast food companies.

Changing consumer taste and preferences, lawsuits, and competitive pressures adversely affect McDonald's sales.

As McDonald's expanded globally, it was able to achieve:

An exchange rate can be maintained only as long as:

When Wal-Mart arrived in Mexico, the food retailing sector was comprised of a handful of national supermarket chains.

Managers and Economics

Demand, Supply, and Equilibrium Prices

Demand Elasticities

Techniques for Understanding Consumer Demand and Behavior

Production and Cost Analysis in the Short Run

Production and Cost Analysis in the Long Run

Market Structure: Perfect Competition

Market Structure: Monopoly and Monopolistic Competition

Market Structure: Oligopoly

Pricing Strategies for the Firm

Measuring Macroeconomic Activity

Spending by Individuals, Firms, and Governments on Real Goods and Services

The Role of Money in the Macro Economy

The Aggregate Model of the Macro Economy

International and Balance of Payments Issues in the Macro Economy

Filters