Question 1

With a(n)________ exchange rate,the value of a country's currency remains constant relative to that of another country.

Accepted Answer

A)  floating 
B)  indexed 
C)  fixed 
D)  adjusted 
A)  floating 
B)  indexed 
C)  fixed 
D)  adjusted C

Question 2

What element from the legal environment stymied Lionel Poilane's expansion of goods production in Japan?

Accepted Answer

Local ordinances in Japan prohibited wood-burning ovens,which are a critical part of Poilane's production process.

Question 3

Members of the European Union have ________.

Accepted Answer

A)  set uniform quotas and tariff levels 
B)  set uniform quotas and eliminated tariffs 
C)  eliminated most quotas and tariffs 
D)  eliminated most quotas and set uniform tariff levels 
A)  set uniform quotas and tariff levels 
B)  set uniform quotas and eliminated tariffs 
C)  eliminated most quotas and tariffs 
D)  eliminated most quotas and set uniform tariff levels D

Question 4

When a country's exports exceed its imports,the nation has a ________.

Accepted Answer

A)  trade surplus 
B)  trade deficit 
C)  negative balance of trade 
D)  A and C 
A)  trade surplus 
B)  trade deficit 
C)  negative balance of trade 
D)  A and C

Question 5

Explain why fluctuations in exchange rates have much influence on the balance of trade.

Accepted Answer

When the value of a country's

Question 6

Which of the following countries is not considered a part of Pacific Asia?

Accepted Answer

A)  South Korea 
B)  Saudi Arabia 
C)  China 
D)  Indonesia 
A)  South Korea 
B)  Saudi Arabia 
C)  China 
D)  Indonesia

Question 7

Short Case Scenario 4-1
Nokia Corporation, headquartered in Finland, is a world leader in the cell phone industry. Because much of Finland is heavily forested and sparsely populated, it is difficult and expensive to develop a land-based communication network. Nokia created Europe's first digital telephone network in 1982. Today, Nokia has 27 percent of the world market in cell phones, well ahead of their competition.
-Under what possible condition(s)might a country impose low or no protectionist tariffs on Nokia imports?

Accepted Answer

If no company in that country

Question 8

What different kinds of international organizational strategies could a firm use in conducting international business?

Accepted Answer

International organizational s

Question 9

A licensing arrangement is a cooperative partnership in which firms choose foreign individuals to manufacture or market their products in another country.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT considered an international organizational structure?

Accepted Answer

A)  independent agents 
B)  licensing arrangements 
C)  branch office 
D)  exporters 
A)  independent agents 
B)  licensing arrangements 
C)  branch office 
D)  exporters

Question 11

Restricting the number of Japanese cars imported into the United States is an example of a(n)________.

Accepted Answer

A)  protectionist tariff 
B)  quota 
C)  licensing arrangement 
D)  embargo 
A)  protectionist tariff 
B)  quota 
C)  licensing arrangement 
D)  embargo

Question 12

Explain absolute advantage.

Accepted Answer

An absolute advantage exists w

Question 13

The world's largest national marketplace is ________.

Accepted Answer

A)  the United States 
B)  Germany 
C)  China 
D)  India 
A)  the United States 
B)  Germany 
C)  China 
D)  India

Question 14

Ford purchased Volvo.What does this illustrate?

Accepted Answer

A)  social responsibility 
B)  licensing arrangement 
C)  foreign direct investment 
D)  strategic alliance 
A)  social responsibility 
B)  licensing arrangement 
C)  foreign direct investment 
D)  strategic alliance

Question 15

What are the four components of national competitive advantage.

Accepted Answer

The four components of nationa

Question 16

Saudi Arabian oil is an example of an absolute advantage.

Accepted Answer

A) True 
 B)False

Question 17

Which global arrangement most closely represents a partnership?

Accepted Answer

A)  exporting 
B)  licensing arrangement 
C)  strategic alliance 
D)  enterprise resource planning (ERP) 
A)  exporting 
B)  licensing arrangement 
C)  strategic alliance 
D)  enterprise resource planning (ERP)

Question 18

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

Accepted Answer

Balance of trade is the difference betwe

Question 19

Which of the following best describes a positive trade balance?

Accepted Answer

A)  the economic condition where a country's exports exceed its imports 
B)  the economic condition where a country's imports exceed its exports 
C)  the economic condition where economic resources are in abundance 
D)  none of the above 
A)  the economic condition where a country's exports exceed its imports 
B)  the economic condition where a country's imports exceed its exports 
C)  the economic condition where economic resources are in abundance 
D)  none of the above

Question 20

A government order forbidding exportation and/or importation of a particular product from a particular country is called a(n)________.

Accepted Answer

A)  tariff 
B)  embargo 
C)  local content law 
D)  quota 
A)  tariff 
B)  embargo 
C)  local content law 
D)  quota

With a(n)________ exchange rate,the value of a country's currency remains constant relative to that of another country.

What element from the legal environment stymied Lionel Poilane's expansion of goods production in Japan?

Members of the European Union have ________.

When a country's exports exceed its imports,the nation has a ________.

Explain why fluctuations in exchange rates have much influence on the balance of trade.

Which of the following countries is not considered a part of Pacific Asia?

What different kinds of international organizational strategies could a firm use in conducting international business?

A licensing arrangement is a cooperative partnership in which firms choose foreign individuals to manufacture or market their products in another country.

Which of the following is NOT considered an international organizational structure?

Restricting the number of Japanese cars imported into the United States is an example of a(n)________.

Explain absolute advantage.

The world's largest national marketplace is ________.

Ford purchased Volvo.What does this illustrate?

What are the four components of national competitive advantage.

Saudi Arabian oil is an example of an absolute advantage.

Which global arrangement most closely represents a partnership?

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

Which of the following best describes a positive trade balance?

A government order forbidding exportation and/or importation of a particular product from a particular country is called a(n)________.

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

Exam 4: The Global Context of Business

With a(n)________ exchange rate,the value of a country's currency remains constant relative to that of another country.

What element from the legal environment stymied Lionel Poilane's expansion of goods production in Japan?

Members of the European Union have ________.

When a country's exports exceed its imports,the nation has a ________.

Explain why fluctuations in exchange rates have much influence on the balance of trade.

Which of the following countries is not considered a part of Pacific Asia?

What different kinds of international organizational strategies could a firm use in conducting international business?

A licensing arrangement is a cooperative partnership in which firms choose foreign individuals to manufacture or market their products in another country.

Which of the following is NOT considered an international organizational structure?

Restricting the number of Japanese cars imported into the United States is an example of a(n)________.

Explain absolute advantage.

The world's largest national marketplace is ________.

Ford purchased Volvo.What does this illustrate?

What are the four components of national competitive advantage.

Saudi Arabian oil is an example of an absolute advantage.

Which global arrangement most closely represents a partnership?

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

Which of the following best describes a positive trade balance?

A government order forbidding exportation and/or importation of a particular product from a particular country is called a(n)________.

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters