Exam 11: Competing in the Global Environment

Which statements about U.S. business ownership and government-business relations are true?

________assess the underlying moral justification for businesses' actions and the consequences of those actions.

Piracy in China, and other developing countries, has been a big problem for U.S. business.

Europe has changed over the years to become more like the United States by having independent state/countries join together as one market, which is similar to the U.S. system of free trade between its states.

The Trade Adjustment Assistance Act provides help for those injured by imports by providing retraining programs to find new jobs, but it is not awarded very often.

NAFTA is a trade agreement between the United States, and countries of Central and South America that links millions of people producing trillions of dollars worth of goods and services.

The ________ Act directed companies operating in America to set up whistleblower hotlines for employees to report potential corporate abuse.

China is a Communist country with central planning that has no market economy.

Three primary political systems include democracy, single-party, and ______.

________are designed to eliminate trade barriers to create free trade between countries and groups of countries.

Which of the following is true of the business-government connection?

A ________ company conducts business in one country.

Supporters of tariffs claim they help save jobs at home; however, others disagree.

The International Monetary Fund (IMF) keeps track of the global economy and the economies of member countries but does not lend to countries with balance of payments difficulties nor give economic and financial policy advice.

Which statements about the types of businesses in the global economy are true?

Competitive advantage of nations means that a country has a cluster of similar companies in industries that give the country a special advantage over other countries.

With the collapse of the Communist Party rule in the former Soviet Union and its satellites in Eastern Europe, only a few real central state control systems remain,

Which statements about the types of trade barriers are true?

The _______ deals with the global rules of trade between member nations and ensures smooth and predictable operations.

Identify the four elements of democracy.