Question 1

By forming a foreign subsidiary, Cane Productions Ltd.hopes to realize such advantages as _____.

Accepted Answer

A) getting full access to local markets 
B) exempting itself from regulations that hamper the activities of foreign firms 
C) gaining tighter controls over the subsidiary's operations 
D) all of these 
A) getting full access to local markets 
B) exempting itself from regulations that hamper the activities of foreign firms 
C) gaining tighter controls over the subsidiary's operations 
D) all of these

Question 2

If you're a U.S.farmer receiving a subsidy, you are _____.

Accepted Answer

A) eligible for welfare 
B) guaranteed a certain price regardless of the market price 
C) guaranteed the market price regardless of your costs 
D) receiving a no-interest loan 
A) eligible for welfare 
B) guaranteed a certain price regardless of the market price 
C) guaranteed the market price regardless of your costs 
D) receiving a no-interest loan

Question 3

As someone who lives and works in a European Union country and uses the euro, you've probably found that this common currency facilitates trade and finance by making exchange rate differences less complicated.

Accepted Answer

A) True 
 B)False

Question 4

Centralized decision making allows Wentworth Productions, a multinational film production company, to be more sensitive to local market conditions in other nations.

Accepted Answer

A) True 
 B)False

Question 5

If you were in charge of a developing country, where would you go for financial assistance?

Accepted Answer

A) The International Monetary Fund 
B) World Trade Organization 
C) The World Bank 
D) both (a) and (c) 
A) The International Monetary Fund 
B) World Trade Organization 
C) The World Bank 
D) both (a) and (c)

Question 6

If Cajun Chicken opens company?owned stores and restaurants in Europe, it will be engaged in _____.

Accepted Answer

A) licensing 
B) franchising 
C) exporting 
D) foreign direct investment 
A) licensing 
B) franchising 
C) exporting 
D) foreign direct investment

Question 7

Many people support increased MNC activities because infant mortality rates have decreased, literacy has improved, and the standard of living has risen in many countries where multinationals operate.

Accepted Answer

A) True 
 B)False

Question 8

Because the sovereign republic of Lower Slipponia desires economic growth and increased foreign investment, the government has made great strides in improving the nation's infrastructure, including _____.

Accepted Answer

A) its communication systems 
B) its transportation systems 
C) its energy and social facilities 
D) all of these 
A) its communication systems 
B) its transportation systems 
C) its energy and social facilities 
D) all of these

Question 9

When they started overseas operations, top managers at Keyboard Electronics had to learn to appreciate other countries' systems of shared beliefs, values, customs, and behaviors.In other words, they had to come to grips with elements of what is characterized as the social environment.

Accepted Answer

A) True 
 B)False

Question 10

Compare international licensing with international contract manufacturing (or outsourcing).

Accepted Answer

A company engages in international licen

Question 11

All of the following nations belong to the European Union: Ireland, the United Kingdom, Spain, Portugal, Sweden, Denmark, Finland, and Switzerland.

Accepted Answer

A) True 
 B)False

Question 12

Explain the significant elements of the global business environment.

Accepted Answer

You should study (and "master" to an acc

Question 13

Under a franchising agreement between a U.S.?based company and a foreign firm, in return for the rights to use its brand name and sell its products, the U.S.franchiser requires the foreign company to adhere to an established business model.

Accepted Answer

A) True 
 B)False

Question 14

Generally speaking, nations don't exploit production and trade advantages because they prefer to protect their international images.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is generally true of Americans?

Accepted Answer

A) They are less animated when talking than are people from southern European countries, such as Italy 
B) They are more casual about meeting times than are individuals from Latin American countries, such as Brazil 
C) They are less formal and reserved in their conversations than are people from northern European countries, such as England 
D) They like more personal space when conversing with others than do individuals from Middle Eastern countries, such as Kuwait 
A) They are less animated when talking than are people from southern European countries, such as Italy 
B) They are more casual about meeting times than are individuals from Latin American countries, such as Brazil 
C) They are less formal and reserved in their conversations than are people from northern European countries, such as England 
D) They like more personal space when conversing with others than do individuals from Middle Eastern countries, such as Kuwait

Question 16

Ben Franklin's adage "Time is money" is now an accepted principle _____.

Accepted Answer

A) in the United States 
B) in English speaking countries 
C) in the Western world 
D) around the world 
A) in the United States 
B) in English speaking countries 
C) in the Western world 
D) around the world

Question 17

With a troubled economy and the prospect of devastating economic times ahead, the Central European country of Westphalia should look to the World Bank for a major loan.

Accepted Answer

A) True 
 B)False

Question 18

Basically, nations trade:

Accepted Answer

A) because most nations tend to have yearly surpluses of goods. 
B) because no nation's economy can produce all of the goods and services that it needs. 
C) in order to maintain peaceful relationships with neighboring countries. 
D) in order to stockpile goods in case of national disaster or emergency. 
A) because most nations tend to have yearly surpluses of goods. 
B) because no nation's economy can produce all of the goods and services that it needs. 
C) in order to maintain peaceful relationships with neighboring countries. 
D) in order to stockpile goods in case of national disaster or emergency.

Question 19

Which of the following is an argument given in support of U.S.headquartered multinational corporations (MNCs)?

Accepted Answer

A) Deliver better and cheaper products 
B) Export American culture of movies, fast food, mass-produced consumer goods to other countries. 
C) Create jobs 
D) Raise the standard of living in developing countries 
A) Deliver better and cheaper products 
B) Export American culture of movies, fast food, mass-produced consumer goods to other countries. 
C) Create jobs 
D) Raise the standard of living in developing countries

Question 20

The formal establishment of business operations on foreign soil, such as factories, sales offices, or branch stores, is called _____.

Accepted Answer

A) foreign direct investment 
B) a joint venture 
C) foreign licensing 
D) a strategic alliance 
A) foreign direct investment 
B) a joint venture 
C) foreign licensing 
D) a strategic alliance

By forming a foreign subsidiary, Cane Productions Ltd.hopes to realize such advantages as _____.

If you're a U.S.farmer receiving a subsidy, you are _____.

As someone who lives and works in a European Union country and uses the euro, you've probably found that this common currency facilitates trade and finance by making exchange rate differences less complicated.

Centralized decision making allows Wentworth Productions, a multinational film production company, to be more sensitive to local market conditions in other nations.

If you were in charge of a developing country, where would you go for financial assistance?

If Cajun Chicken opens company?owned stores and restaurants in Europe, it will be engaged in _____.

Many people support increased MNC activities because infant mortality rates have decreased, literacy has improved, and the standard of living has risen in many countries where multinationals operate.

Because the sovereign republic of Lower Slipponia desires economic growth and increased foreign investment, the government has made great strides in improving the nation's infrastructure, including _____.

When they started overseas operations, top managers at Keyboard Electronics had to learn to appreciate other countries' systems of shared beliefs, values, customs, and behaviors.In other words, they had to come to grips with elements of what is characterized as the social environment.

Compare international licensing with international contract manufacturing (or outsourcing).

All of the following nations belong to the European Union: Ireland, the United Kingdom, Spain, Portugal, Sweden, Denmark, Finland, and Switzerland.

Explain the significant elements of the global business environment.

Under a franchising agreement between a U.S.?based company and a foreign firm, in return for the rights to use its brand name and sell its products, the U.S.franchiser requires the foreign company to adhere to an established business model.

Generally speaking, nations don't exploit production and trade advantages because they prefer to protect their international images.

Which of the following is generally true of Americans?

Ben Franklin's adage "Time is money" is now an accepted principle _____.

With a troubled economy and the prospect of devastating economic times ahead, the Central European country of Westphalia should look to the World Bank for a major loan.

Basically, nations trade:

Which of the following is an argument given in support of U.S.headquartered multinational corporations (MNCs)?

The formal establishment of business operations on foreign soil, such as factories, sales offices, or branch stores, is called _____.

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

By forming a foreign subsidiary, Cane Productions Ltd.hopes to realize such advantages as _____.

If you're a U.S.farmer receiving a subsidy, you are _____.

As someone who lives and works in a European Union country and uses the euro, you've probably found that this common currency facilitates trade and finance by making exchange rate differences less complicated.

Centralized decision making allows Wentworth Productions, a multinational film production company, to be more sensitive to local market conditions in other nations.

If you were in charge of a developing country, where would you go for financial assistance?

If Cajun Chicken opens company?owned stores and restaurants in Europe, it will be engaged in _____.

Many people support increased MNC activities because infant mortality rates have decreased, literacy has improved, and the standard of living has risen in many countries where multinationals operate.

Because the sovereign republic of Lower Slipponia desires economic growth and increased foreign investment, the government has made great strides in improving the nation's infrastructure, including _____.

When they started overseas operations, top managers at Keyboard Electronics had to learn to appreciate other countries' systems of shared beliefs, values, customs, and behaviors.In other words, they had to come to grips with elements of what is characterized as the social environment.

Compare international licensing with international contract manufacturing (or outsourcing).

All of the following nations belong to the European Union: Ireland, the United Kingdom, Spain, Portugal, Sweden, Denmark, Finland, and Switzerland.

Explain the significant elements of the global business environment.

Under a franchising agreement between a U.S.?based company and a foreign firm, in return for the rights to use its brand name and sell its products, the U.S.franchiser requires the foreign company to adhere to an established business model.

Generally speaking, nations don't exploit production and trade advantages because they prefer to protect their international images.

Which of the following is generally true of Americans?

Ben Franklin's adage "Time is money" is now an accepted principle _____.

With a troubled economy and the prospect of devastating economic times ahead, the Central European country of Westphalia should look to the World Bank for a major loan.

Basically, nations trade:

Which of the following is an argument given in support of U.S.headquartered multinational corporations (MNCs)?

The formal establishment of business operations on foreign soil, such as factories, sales offices, or branch stores, is called _____.

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