Question 1

Among other things, many MNCs (multinational corporations) have increased their sensitivity to local market conditions by _____.

Accepted Answer

A) centralizing decision making 
B) decentralizing decision making 
C) hiring more local workers and managers 
D) using foreign advertising firms 
A) centralizing decision making 
B) decentralizing decision making 
C) hiring more local workers and managers 
D) using foreign advertising firms

Question 2

Scenario-Based
Cajun Chicken, a growing franchise chain based in Lafayette, Louisiana, has expanded to 185 locations in the United States.Because they realize that domestic growth is limited, the owners are contemplating expansion to selected foreign countries.Thus far, research has shown that the rights to use many of the firm's recipes can be sold to other restaurants, cafeterias, and food stores.Cajun can also sell prepackaged food products, complete with spices, to other markets.At this point, whether to start by opening company-owned outlets or selling franchises is still a toss?up.In any case, the long-term picture looks good.
-In selling prepackaged food products and spices to foreign outlets, Cajun would be engaged in _____.

Accepted Answer

A) licensing 
B) franchising 
C) exporting 
D) outsourcing 
A) licensing 
B) franchising 
C) exporting 
D) outsourcing

Question 3

All of the following are common criticisms of MNCs (multinational corporations)

Accepted Answer

A) they destroy the livelihoods of home country workers by exporting jobs. 
B) their constant demand for resources jeopardizes the physical environments of host countries. 
C) they weaken and Americanize the cultures and values of host countries. 
D) they inflate standards of living in host countries. 
A) they destroy the livelihoods of home country workers by exporting jobs. 
B) their constant demand for resources jeopardizes the physical environments of host countries. 
C) they weaken and Americanize the cultures and values of host countries. 
D) they inflate standards of living in host countries.

Question 4

Foreign direct investment, which is generally the most expensive commitment that a company can make to an overseas market, is usually driven by the size and attractiveness of the market.

Accepted Answer

A) True 
 B)False

Question 5

Understanding that, in some countries, people's personal and business lives overlap more than they do in the United States will help Chic managers deal with counterparts in high-context cultures.

Accepted Answer

A) True 
 B)False

Question 6

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.

Accepted Answer

A) True 
 B)False

Question 7

A reliable banking system, a strong stock market, and a government that discourages corruption while encouraging investment and competition are all conducive to economic growth.

Accepted Answer

A) True 
 B)False

Question 8

Why do multinational companies practice decentralization?

Accepted Answer

Decentralization can serve several purpo

Question 9

Many multinational corporations (MNCs) have adopted the motto "Think globally and act locally."

Accepted Answer

A) True 
 B)False

Question 10

The country of East Anglia exports domestically made products and imports products that aren't available locally.When exports are compared to imports, the resulting _____, which shows that more dollar value is exported than imported, reveals a(n) _____.

Accepted Answer

A) balance of payments / trade deficit 
B) balance of trade / trade deficit 
C) balance of trade / trade surplus 
D) balance of payments / accounting crisis 
A) balance of payments / trade deficit 
B) balance of trade / trade deficit 
C) balance of trade / trade surplus 
D) balance of payments / accounting crisis

Question 11

Alliances range in scope from informal cooperative agreements to _____.

Accepted Answer

A) partnerships 
B) joint ventures 
C) "C" corporations 
D) trade consortia 
A) partnerships 
B) joint ventures 
C) "C" corporations 
D) trade consortia

Question 12

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.
84 .According to the independent German organization, Transparency International, Canada boasts the world's lowest level of business corruption.

Accepted Answer

A) True 
 B)False

Question 13

A common method of protecting domestic goods and trade is to boycott offending nations at home and abroad.

Accepted Answer

A) True 
 B)False

Question 14

When it comes to the tendency of governments to control trade, we can safely say that _____.

Accepted Answer

A) the trend is toward less rather than more control 
B) mutual control policies will become the norm 
C) they'll continue doing it 
D) controls will eventually disappear 
A) the trend is toward less rather than more control 
B) mutual control policies will become the norm 
C) they'll continue doing it 
D) controls will eventually disappear

Question 15

When nations continue to experience large and ever-growing trade deficits:

Accepted Answer

A) they will ultimately produce so much output that other countries will lose domestic jobs. 
B) creditor nations will eventually stop taking IOUs and trade will cease. 
C) their economy will automatically go bankrupt. 
D) their currencies will eventually be worthless. 
A) they will ultimately produce so much output that other countries will lose domestic jobs. 
B) creditor nations will eventually stop taking IOUs and trade will cease. 
C) their economy will automatically go bankrupt. 
D) their currencies will eventually be worthless.

Question 16

In many countries, American firms may be at a disadvantage in competing with local companies because only the educated classes speak English.

Accepted Answer

A) True 
 B)False

Question 17

If Yokahama tried to get a foot in the door of some foreign markets by pricing certain products lower than it would for its own domestic market, importing nations would see the tactic as an unfair trade practice.

Accepted Answer

A) True 
 B)False

Question 18

If Yokahama turns to the WTO for the resolution of a dumping dispute, it runs the risk of the offended nation being authorized to set up its own trade barriers.

Accepted Answer

A) True 
 B)False

Question 19

In 2016, ______of the top ten multinational corporations according to revenue were headquartered in the United States.

Accepted Answer

A) eight 
B) all 
C) three 
D) none 
A) eight 
B) all 
C) three 
D) none

Question 20

Which powerful trading bloc came about because of an agreement between the United States, Canada and Mexico?

Accepted Answer

A) EU (European Union) 
B) MERCOSUR (for Mercado Commun del Sur) 
C) NAFTA (North American Free Trade Association) 
D) ASEAN (the Association of Southeast Asian Nations) 
A) EU (European Union) 
B) MERCOSUR (for Mercado Commun del Sur) 
C) NAFTA (North American Free Trade Association) 
D) ASEAN (the Association of Southeast Asian Nations)

Among other things, many MNCs (multinational corporations) have increased their sensitivity to local market conditions by _____.

All of the following are common criticisms of MNCs (multinational corporations)

Foreign direct investment, which is generally the most expensive commitment that a company can make to an overseas market, is usually driven by the size and attractiveness of the market.

Understanding that, in some countries, people's personal and business lives overlap more than they do in the United States will help Chic managers deal with counterparts in high-context cultures.

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.

A reliable banking system, a strong stock market, and a government that discourages corruption while encouraging investment and competition are all conducive to economic growth.

Why do multinational companies practice decentralization?

Many multinational corporations (MNCs) have adopted the motto "Think globally and act locally."

The country of East Anglia exports domestically made products and imports products that aren't available locally.When exports are compared to imports, the resulting _, which shows that more dollar value is exported than imported, reveals a(n) _.

Alliances range in scope from informal cooperative agreements to _____.

A common method of protecting domestic goods and trade is to boycott offending nations at home and abroad.

When it comes to the tendency of governments to control trade, we can safely say that _____.

When nations continue to experience large and ever-growing trade deficits:

In many countries, American firms may be at a disadvantage in competing with local companies because only the educated classes speak English.

If Yokahama tried to get a foot in the door of some foreign markets by pricing certain products lower than it would for its own domestic market, importing nations would see the tactic as an unfair trade practice.

If Yokahama turns to the WTO for the resolution of a dumping dispute, it runs the risk of the offended nation being authorized to set up its own trade barriers.

In 2016, ______of the top ten multinational corporations according to revenue were headquartered in the United States.

Which powerful trading bloc came about because of an agreement between the United States, Canada and Mexico?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 9: Business in a Global Environment

Among other things, many MNCs (multinational corporations) have increased their sensitivity to local market conditions by _____.

All of the following are common criticisms of MNCs (multinational corporations)

Foreign direct investment, which is generally the most expensive commitment that a company can make to an overseas market, is usually driven by the size and attractiveness of the market.

Understanding that, in some countries, people's personal and business lives overlap more than they do in the United States will help Chic managers deal with counterparts in high-context cultures.

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.

A reliable banking system, a strong stock market, and a government that discourages corruption while encouraging investment and competition are all conducive to economic growth.

Why do multinational companies practice decentralization?

Many multinational corporations (MNCs) have adopted the motto "Think globally and act locally."

The country of East Anglia exports domestically made products and imports products that aren't available locally.When exports are compared to imports, the resulting _____, which shows that more dollar value is exported than imported, reveals a(n) _____.

Alliances range in scope from informal cooperative agreements to _____.

A common method of protecting domestic goods and trade is to boycott offending nations at home and abroad.

When it comes to the tendency of governments to control trade, we can safely say that _____.

When nations continue to experience large and ever-growing trade deficits:

In many countries, American firms may be at a disadvantage in competing with local companies because only the educated classes speak English.

If Yokahama tried to get a foot in the door of some foreign markets by pricing certain products lower than it would for its own domestic market, importing nations would see the tactic as an unfair trade practice.

If Yokahama turns to the WTO for the resolution of a dumping dispute, it runs the risk of the offended nation being authorized to set up its own trade barriers.

In 2016, ______of the top ten multinational corporations according to revenue were headquartered in the United States.

Which powerful trading bloc came about because of an agreement between the United States, Canada and Mexico?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

The country of East Anglia exports domestically made products and imports products that aren't available locally.When exports are compared to imports, the resulting _, which shows that more dollar value is exported than imported, reveals a(n) _.