Exam 4: Business in a Global Economy

Most countries operate under a(n)________ exchange rate system.

In order to enter the Spanish market, a Moroccan firm establishes a store that is entirely owned by the Moroccan firm. This is an example of a(n)________.

Different types of body language mean the same things throughout the world.

An American company enters the Mexican market by sharing ownership of a subsidiary firm with a Mexican company. This is an example of a(n)________.

U.S. farmers export canned sweet corn to Germany, which lowers the price to a German consumer by a few cents. The benefits to Germany of this international trade deal are ________.

Tariffs are a type of trade barrier.

What are the effects of depreciation of the U.S. dollar?

Global companies can still do business with countries that have nonconvertible currencies through the use of ________.

Even though the nation of Lambda lost in the arbitration of a WTO trade dispute, Lambda can ignore the result because the WTO has no enforcement power.

All of the following are legal challenges to conducting business in a foreign country EXCEPT ________.

All of the following are ethical challenges to conducting business in a foreign country EXCEPT ________.

Which of the following is contributing to the acceleration of globalization?

Socioeconomic factors that must be considered by international companies include all of the following EXCEPT ________.

Describe an exporting relationship between a Brazilian manufacturing and an Australian retailer.

A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique local needs, tastes, or preferences. The company is using a ________ strategy.

What are the advantages and disadvantages of joint ventures?

What would prompt a nation to invest in a sovereign wealth fund (SWF)?

Apple's selling iPhones to customers in Africa, Asia, and Europe is an example of the globalization of ________.

The link between labor costs in China and the price of MP3 music players in the U.S. is an example of ________.

A U.S. company exports products to Russia. The prices of the U.S. products in Russia are going up because the value of the dollar has ________ against Russia's currency.