Exam 4: Understanding the Global Context of Business

If the United States exports more to the Netherlands than it imports from the Netherlands,the United States has a trade deficit with the Netherlands.

The value of the U.S.dollar relative to the value of the British pound fluctuates with market conditions.What is this type of exchange rate?

What are three basic levels of involvement available for a firm that decides to conduct business internationally?

Those cultures that place a higher value on social relationship,quality of life,and concern for others instead of money and assertiveness have which type of orientation behavior?

In some South American countries,it is sometimes legal to bribe other businesses and government officials,while this practice is illegal in the United States.Which of the following refers to this type of policy?

What is the advantage for a business that uses offshoring in their manufacturing process?

Which statement is true regarding independent agents?

Which of the following statements BEST describes the effects of subsidies?

What are products that are created domestically and transported for sale abroad?

Which of the following is an indication that people accept the authority of superiors simply because of their position in the organization?

Strategic alliances give firms greater control over foreign activities than do agents and licensees.

Local content laws guarantee that products sold in a country are at least partly made there.

Many governments require that products sold in their particular country be at least partly made there.This policy involves what type of laws?

Which of the following helps to create a more visible public presence in foreign countries and customers?

Which of the following indicates the belief people hold about differences in hierarchies and authority in an organization?

What are two specific reasons why a company might decide NOT to conduct business internationally?

Which of the following is NOT considered an international organizational structure?

National competitive advantage derives from four conditions,one of which is factor conditions.What do factor conditions include?

Which of the following denotes a government order forbidding exportation and/or importation of a particular product from a particular country?

What type of societies tends to prefer reward systems that link pay with performance of individual employees?