Exam 9: Business in a Global Environment

A scheduled departure of the United Kingdom from the European Union in the Spring of 2019 was approved by slightly more than 50% of those voting in the United Kingdom.

The two most important institutions that monitor international trade policies are _____.

RJR Nabisco (a U.S.company) allows a company in Singapore to use its brand name and recipe to produce and sell one of its products- Planters Nuts.In return RJR Nabisco receives a royalty fee.This type of international arrangement is called _______

If a country wants to offset the dumping of foreign goods on its soil, its most effective tactic will be imposing quotas on those goods.

In a _____ culture, the numerous interlocking personal and family connections that hold people together have an effect on almost all interactions.

Although regional trade agreements exist around the world, we still don't have a solid answer to the question of whether they're moving the world closer to free trade on a global scale. (

Japan's production and exporting expertise lies in the areas of _____.

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

_____ do belong to the European Union.

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

A strategic alliance between a U.S.firm and a German firm can achieve all of the following benefits _____.

_____ is one of the purposes of the General Agreement on Tariffs and Trade.

Having set up factories, sales offices, and branch stores in several foreign nations, U.S.?based Crenco has gone global through a form of expansion called a "joint venture."

As a representative for an international trade organization, GATT (General Agreement on Tariffs and Trade) and the WTO (World Trade Organization) are the two most important trade?monitoring institutions with which Greco Pondiloupolous will probably work.

An absolute quota (as opposed to a quota) puts a(n) _____ on the quantity of a good that can be imported during a given period of time.

In high-context cultures, business-people don't need to know much about the personal life of a person in order to deal with him or her in a business setting.

Companies doing international business often face a smorgasbord of _____.

What's the international language of business?

Because the small Mideastern country of Asiana has experienced an unfavorable balance of payments for the past 22 years, the stability of its _____ may be in jeopardy.

_____ is a necessary step in gearing your undergraduate education toward a career in international business.