Question 1

Explain the theory of national competitive advantage.

Accepted Answer

The theory of national competitive advan

Question 2

The Transparency International "Corruption Perceptions Index" showed that the least corrupt countries are ________, and the most corrupt countries are ________.

Accepted Answer

A)  Denmark, Finland, and New Zealand; North Korea, Afghanistan, and Somalia 
B)  Iceland, Denmark, and New Zealand; Haiti, Myanmar, and Somalia 
C)  Canada, the United States, and New Zealand; Myanmar, Chad, and Russia 
D)  Denmark, New Zealand, and Singapore; Myanmar, Afghanistan, and Somalia 
E)  Ireland, the United States, and Canada; Zambia, Libya, and Chad 
A)  Denmark, Finland, and New Zealand; North Korea, Afghanistan, and Somalia 
B)  Iceland, Denmark, and New Zealand; Haiti, Myanmar, and Somalia 
C)  Canada, the United States, and New Zealand; Myanmar, Chad, and Russia 
D)  Denmark, New Zealand, and Singapore; Myanmar, Afghanistan, and Somalia 
E)  Ireland, the United States, and Canada; Zambia, Libya, and Chad

Question 3

The theory of national competitive advantage derives from all of the following conditions except

Accepted Answer

A)  demand conditions. 
B)  supply conditions. 
C)  strategies, structures, and rivalries. 
D)  related and supporting industries. 
E)  factor conditions. 
A)  demand conditions. 
B)  supply conditions. 
C)  strategies, structures, and rivalries. 
D)  related and supporting industries. 
E)  factor conditions.

Question 4

Marina Corp. wants to "go international," and has already determined that there is international demand for its products. What should the company do next?

Accepted Answer

A)  Determine if their products need to be modified to fit the foreign market 
B)  Assess the business climate for reaction to foreign products 
C)  Locate a local business to form a joint venture 
D)  Conduct market research to determine potential sales 
E)  Determine what competition would be encountered 
A)  Determine if their products need to be modified to fit the foreign market 
B)  Assess the business climate for reaction to foreign products 
C)  Locate a local business to form a joint venture 
D)  Conduct market research to determine potential sales 
E)  Determine what competition would be encountered

Question 5

Why should companies conducting international operations be concerned about exchange rate fluctuations?

Accepted Answer

Changes in exchange rates affe

Question 6

Other than a quota, embargo, or tariff, what legal barriers might Canada use to discourage the importation of cell phones?

Accepted Answer

Parliament might consider a subsidy prog

Question 7

Laura's Lights began shipping products to its new partner in a foreign nation only to find out that before the products would be let into the country a tax of $1.00 per unit had to be paid. This tax is known as a(n)

Accepted Answer

A)  subsidy. 
B)  local content law. 
C)  quota. 
D)  embargo. 
E)  tariff. 
A)  subsidy. 
B)  local content law. 
C)  quota. 
D)  embargo. 
E)  tariff.

Question 8

In 2015, Canada ranked in the top 10 in terms of international competitiveness, as reported by the World Economic Forum.

Accepted Answer

A) True 
 B)False

Question 9

All things considered, the best way to achieve foreign direct investment is to use independent agents.

Accepted Answer

A) True 
 B)False

Question 10

World product mandating means that foreign buyers who want certain Canadian products are required to buy certain other products as part of a package deal.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following international organizational strategies means buying or establishing tangible assets in another country?

Accepted Answer

A)  Independent agency 
B)  Opening branch offices 
C)  Providing licensing arrangements 
D)  Forming strategic alliances 
E)  Foreign direct investment 
A)  Independent agency 
B)  Opening branch offices 
C)  Providing licensing arrangements 
D)  Forming strategic alliances 
E)  Foreign direct investment

Question 12

What is product dumping?

Accepted Answer

Selling a product ab

Question 13

Which type of firm is more likely to have its board of directors composed of people from many different nations?

Accepted Answer

A)  Joint venture 
B)  Multinational 
C)  Exporter 
D)  Importer 
E)  Purely domestic 
A)  Joint venture 
B)  Multinational 
C)  Exporter 
D)  Importer 
E)  Purely domestic

Question 14

Which of the following items is least likely to impact a nation's balance of payments?

Accepted Answer

A)  Gains or losses in exchanges of international currencies 
B)  An increase in the GDP 
C)  Money spent by tourists 
D)  Trade deficits or surpluses 
E)  Foreign aid programs 
A)  Gains or losses in exchanges of international currencies 
B)  An increase in the GDP 
C)  Money spent by tourists 
D)  Trade deficits or surpluses 
E)  Foreign aid programs

Question 15

Why have the number of strategic alliances among major companies increased significantly over the last decade?

Accepted Answer

Many companies have realized t

Question 16

What are some advantages for businesses that engage in strategic alliances?

Accepted Answer

Such businesses benefit from t

Question 17

Explain why foreign direct investment is often the riskiest, most complex, and most involved of the various types of international involvement.

Accepted Answer

With exporting, a company is merely prod

Question 18

Which of the following best explains why a nation like Canada or Japan would export a particular product or service?

Accepted Answer

A)  That nation has multinational companies 
B)  That nation has an absolute advantage 
C)  That nation has a positive balance of trade 
D)  That nation has a negative balance of trade 
E)  All of these 
A)  That nation has multinational companies 
B)  That nation has an absolute advantage 
C)  That nation has a positive balance of trade 
D)  That nation has a negative balance of trade 
E)  All of these

Question 19

________ is a trade agreement that removes tariffs and other trade barriers among the United States, Canada, and Mexico.

Accepted Answer

A)  NAFTA 
B)  ASEAN 
C)  The World Bank 
D)  The European Union 
E)  GATT 
A)  NAFTA 
B)  ASEAN 
C)  The World Bank 
D)  The European Union 
E)  GATT

Question 20

All countries have a comparative advantage in some products.

Accepted Answer

A) True 
 B)False

Explain the theory of national competitive advantage.

The Transparency International "Corruption Perceptions Index" showed that the least corrupt countries are , and the most corrupt countries are .

The theory of national competitive advantage derives from all of the following conditions except

Marina Corp. wants to "go international," and has already determined that there is international demand for its products. What should the company do next?

Why should companies conducting international operations be concerned about exchange rate fluctuations?

Other than a quota, embargo, or tariff, what legal barriers might Canada use to discourage the importation of cell phones?

Laura's Lights began shipping products to its new partner in a foreign nation only to find out that before the products would be let into the country a tax of $1.00 per unit had to be paid. This tax is known as a(n)

In 2015, Canada ranked in the top 10 in terms of international competitiveness, as reported by the World Economic Forum.

All things considered, the best way to achieve foreign direct investment is to use independent agents.

World product mandating means that foreign buyers who want certain Canadian products are required to buy certain other products as part of a package deal.

Which of the following international organizational strategies means buying or establishing tangible assets in another country?

What is product dumping?

Which type of firm is more likely to have its board of directors composed of people from many different nations?

Which of the following items is least likely to impact a nation's balance of payments?

Why have the number of strategic alliances among major companies increased significantly over the last decade?

What are some advantages for businesses that engage in strategic alliances?

Explain why foreign direct investment is often the riskiest, most complex, and most involved of the various types of international involvement.

Which of the following best explains why a nation like Canada or Japan would export a particular product or service?

________ is a trade agreement that removes tariffs and other trade barriers among the United States, Canada, and Mexico.

All countries have a comparative advantage in some products.

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship, Small Business, and New Venture Creation

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters

Exam 5: The Global Context of Business

Explain the theory of national competitive advantage.

The Transparency International "Corruption Perceptions Index" showed that the least corrupt countries are ________, and the most corrupt countries are ________.

The theory of national competitive advantage derives from all of the following conditions except

Marina Corp. wants to "go international," and has already determined that there is international demand for its products. What should the company do next?

Why should companies conducting international operations be concerned about exchange rate fluctuations?

Other than a quota, embargo, or tariff, what legal barriers might Canada use to discourage the importation of cell phones?

Laura's Lights began shipping products to its new partner in a foreign nation only to find out that before the products would be let into the country a tax of $1.00 per unit had to be paid. This tax is known as a(n)

In 2015, Canada ranked in the top 10 in terms of international competitiveness, as reported by the World Economic Forum.

All things considered, the best way to achieve foreign direct investment is to use independent agents.

World product mandating means that foreign buyers who want certain Canadian products are required to buy certain other products as part of a package deal.

Which of the following international organizational strategies means buying or establishing tangible assets in another country?

What is product dumping?

Which type of firm is more likely to have its board of directors composed of people from many different nations?

Which of the following items is least likely to impact a nation's balance of payments?

Why have the number of strategic alliances among major companies increased significantly over the last decade?

What are some advantages for businesses that engage in strategic alliances?

Explain why foreign direct investment is often the riskiest, most complex, and most involved of the various types of international involvement.

Which of the following best explains why a nation like Canada or Japan would export a particular product or service?

________ is a trade agreement that removes tariffs and other trade barriers among the United States, Canada, and Mexico.

All countries have a comparative advantage in some products.

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship, Small Business, and New Venture Creation

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters

The Transparency International "Corruption Perceptions Index" showed that the least corrupt countries are , and the most corrupt countries are .