Question 1

Which of the following is an example of an economic challenge faced by international managers?

Accepted Answer

A)  Government ownership of all property 
B)  Absence of natural resources 
C)  Lack of communication capabilities 
D)  Poor transportation system 
E)  All of these choices 
A)  Government ownership of all property 
B)  Absence of natural resources 
C)  Lack of communication capabilities 
D)  Poor transportation system 
E)  All of these choices

Question 2

____ is the form of international business involvement in which two or more firms have an equity position in an operation.

Accepted Answer

A)  A joint venture 
B)  Direct investment 
C)  A maquiladoras arrangement 
D)  A strategic alliance 
E)  International brokering 
A)  A joint venture 
B)  Direct investment 
C)  A maquiladoras arrangement 
D)  A strategic alliance 
E)  International brokering

Question 3

Market systems are clusters of countries that engage in high levels of trade with one another.

Accepted Answer

A) True 
 B)False

Question 4

Trees are a part of a country's

Accepted Answer

A)  economic environment. 
B)  sociocultural environment. 
C)  infrastructure. 
D)  technological environment. 
E)  political-legal environment. 
A)  economic environment. 
B)  sociocultural environment. 
C)  infrastructure. 
D)  technological environment. 
E)  political-legal environment.

Question 5

People who exhibit short-term outlook behaviors tend to place a high premium on material possessions, money, and assertiveness.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following describes what has occurred in international business from 1960-2000?

Accepted Answer

A)  Although still increasing, international trade has grown at a slower rate since 1980. 
B)  The volume of international trade increased more than 3000 percent. 
C)  U.S. investment overseas has been on the decline for the past two decades. 
D)  The majority of the world's largest firms are firms with headquarters inside the United States. 
E)  All U.S. firms still earn the majority of their sales and profits in the United States. 
A)  Although still increasing, international trade has grown at a slower rate since 1980. 
B)  The volume of international trade increased more than 3000 percent. 
C)  U.S. investment overseas has been on the decline for the past two decades. 
D)  The majority of the world's largest firms are firms with headquarters inside the United States. 
E)  All U.S. firms still earn the majority of their sales and profits in the United States.

Question 7

A tariff

Accepted Answer

A)  cannot be collected by the exporting country. 
B)  can be collected only by the importing country. 
C)  can be collected by countries through which goods pass. 
D)  cannot be used to raise money for a government. 
E)  cannot be used to increase the cost of foreign goods. 
A)  cannot be collected by the exporting country. 
B)  can be collected only by the importing country. 
C)  can be collected by countries through which goods pass. 
D)  cannot be used to raise money for a government. 
E)  cannot be used to increase the cost of foreign goods.

Question 8

There is currently a strong movement around the world to reduce many trade barriers.

Accepted Answer

A) True 
 B)False

Question 9

The first mall in Mumbai, India was successful.  Builders proceeded to construct three more right away.  However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?

Accepted Answer

A)  Underdeveloped infrastructure 
B)  Stagnant political policies 
C)  Firms have to invest heavily in distribution systems 
D)  Firms have to train consumers how to use their products 
E)  Potential consumers' lack of wealth 
A)  Underdeveloped infrastructure 
B)  Stagnant political policies 
C)  Firms have to invest heavily in distribution systems 
D)  Firms have to train consumers how to use their products 
E)  Potential consumers' lack of wealth

Question 10

The ____________________ was first negotiated following World War II in an effort to avoid trade wars that would benefit rich nations and harm poorer ones.

Accepted Answer

The answer of The ____________________ was first negotiated following World...

Question 11

United States farmers are the biggest producers of corn. China's demand for corn has increased. The U.S. is a corn ____.

Accepted Answer

A)  importer 
B)  direct investor 
C)  global sourcer 
D)  exporter 
E)  joint venturer 
A)  importer 
B)  direct investor 
C)  global sourcer 
D)  exporter 
E)  joint venturer

Question 12

A business that has a worldwide marketplace from which it buys raw materials, borrows money, and manufactures its products and to which it subsequently sells its products is a(n) ____________________ business.

Accepted Answer

The answer of A business that has a worldwide marketplace...

Question 13

Geert Hofstede identified five fundamental differences that can be used to characterize people in different cultures. They are time, power, age, race, and gender.

Accepted Answer

A) True 
 B)False

Question 14

We can identify four distinct levels of international activity that differentiate organizations.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements can be used to explain the growth of international business?

Accepted Answer

A)  Many countries in Europe and Asia were devastated after World War II and had to be rebuilt. 
B)  The postwar population boom decreased demand for products. 
C)  Changes in cultural traditions made the rest of the world open to all of the products made in the United States. 
D)  Infrastructures in Europe and Asia remained sound in spite of World War II. 
E)  All of these choices 
A)  Many countries in Europe and Asia were devastated after World War II and had to be rebuilt. 
B)  The postwar population boom decreased demand for products. 
C)  Changes in cultural traditions made the rest of the world open to all of the products made in the United States. 
D)  Infrastructures in Europe and Asia remained sound in spite of World War II. 
E)  All of these choices

Question 16

A developing country in South America offers your firm a construction subsidy if you build your new plant there. This is an example of

Accepted Answer

A)  an economic challenge for international managers. 
B)  a control on international trade. 
C)  a mature infrastructure. 
D)  a bribe. 
E)  an incentive for international trade. 
A)  an economic challenge for international managers. 
B)  a control on international trade. 
C)  a mature infrastructure. 
D)  a bribe. 
E)  an incentive for international trade.

Question 17

Opponents to the maquiladoras concept are most critical of its

Accepted Answer

A)  high production cost. 
B)  exploitation of human resources. 
C)  legality. 
D)  waste of raw materials. 
E)  high transportation costs. 
A)  high production cost. 
B)  exploitation of human resources. 
C)  legality. 
D)  waste of raw materials. 
E)  high transportation costs.

Question 18

MNC stands for multiple nations and continents.

Accepted Answer

A) True 
 B)False

Question 19

Enhanced control and existing infrastructure are advantages of the ____________________ approach to internationalization.

Accepted Answer

The answer of Enhanced control and existing infrastructure are advantages...

Question 20

Briefly describe the various controls countries can impose on international trade.

Accepted Answer

Countries can impose a variety of contro

Which of the following is an example of an economic challenge faced by international managers?

____ is the form of international business involvement in which two or more firms have an equity position in an operation.

Market systems are clusters of countries that engage in high levels of trade with one another.

Trees are a part of a country's

People who exhibit short-term outlook behaviors tend to place a high premium on material possessions, money, and assertiveness.

Which of the following describes what has occurred in international business from 1960-2000?

A tariff

There is currently a strong movement around the world to reduce many trade barriers.

The first mall in Mumbai, India was successful. Builders proceeded to construct three more right away. However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?

The ____________________ was first negotiated following World War II in an effort to avoid trade wars that would benefit rich nations and harm poorer ones.

United States farmers are the biggest producers of corn. China's demand for corn has increased. The U.S. is a corn ____.

A business that has a worldwide marketplace from which it buys raw materials, borrows money, and manufactures its products and to which it subsequently sells its products is a(n) ____________________ business.

Geert Hofstede identified five fundamental differences that can be used to characterize people in different cultures. They are time, power, age, race, and gender.

We can identify four distinct levels of international activity that differentiate organizations.

Which of the following statements can be used to explain the growth of international business?

A developing country in South America offers your firm a construction subsidy if you build your new plant there. This is an example of

Opponents to the maquiladoras concept are most critical of its

MNC stands for multiple nations and continents.

Enhanced control and existing infrastructure are advantages of the ____________________ approach to internationalization.

Briefly describe the various controls countries can impose on international trade.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 5: Navigating the Global Environment

Which of the following is an example of an economic challenge faced by international managers?

____ is the form of international business involvement in which two or more firms have an equity position in an operation.

Market systems are clusters of countries that engage in high levels of trade with one another.

Trees are a part of a country's

People who exhibit short-term outlook behaviors tend to place a high premium on material possessions, money, and assertiveness.

Which of the following describes what has occurred in international business from 1960-2000?

A tariff

There is currently a strong movement around the world to reduce many trade barriers.

The first mall in Mumbai, India was successful. Builders proceeded to construct three more right away. However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?

The ____________________ was first negotiated following World War II in an effort to avoid trade wars that would benefit rich nations and harm poorer ones.

United States farmers are the biggest producers of corn. China's demand for corn has increased. The U.S. is a corn ____.

A business that has a worldwide marketplace from which it buys raw materials, borrows money, and manufactures its products and to which it subsequently sells its products is a(n) ____________________ business.

Geert Hofstede identified five fundamental differences that can be used to characterize people in different cultures. They are time, power, age, race, and gender.

We can identify four distinct levels of international activity that differentiate organizations.

Which of the following statements can be used to explain the growth of international business?

A developing country in South America offers your firm a construction subsidy if you build your new plant there. This is an example of

Opponents to the maquiladoras concept are most critical of its

MNC stands for multiple nations and continents.

Enhanced control and existing infrastructure are advantages of the ____________________ approach to internationalization.

Briefly describe the various controls countries can impose on international trade.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters