Question 1

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Accepted Answer

A)  Culture 
B)  Ethnocentricity 
C)  Institutional society 
D)  Social myopia 
A)  Culture 
B)  Ethnocentricity 
C)  Institutional society 
D)  Social myopia A

Question 2

How many countries in The European Union use the Euro as a common currency?

Accepted Answer

A)  6 
B)  27 
C)  16 
D)  10 
E)  17 
A)  6 
B)  27 
C)  16 
D)  10 
E)  17 C

Question 3

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

Accepted Answer

In some business sectors,organizations seek to look globally in an effort to ensure that their business portfolios continually add the required resource base necessary to ensure that an adequate future supply exists to support the products and services which they offer in the marketplace.
This is particularly true of the energy and commodity-based resource industries.Specific to Canada,we have seen a significant interest,by foreign firms,in acquiring ownership of our natural and energy resource bases.
Oil-producing companies,mining companies,and other natural resource-intensive companies have all been active in making direct investments into Canada or obtaining ownership stake in our resource base via business acquisitions.
As an example,since 2000,over $52 billion has been invested in the Alberta Oil Sands project,with a significant percentage of the investment coming from foreign companies.
significant acquisitions,by foreign firms,into Canada,largely for the purpose of obtaining and controlling mineral rights,has occurred.Xstrata's purchase of Falconbridge,and CVRD's (now known as VALE)purchase of Inco are examples of a few of the energy and mining-related acquisitions which have taken place.

Question 4

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

Accepted Answer

A)  severity 
B)  insignificance 
C)  speed 
D)  harshness 
E)  Slowness 
A)  severity 
B)  insignificance 
C)  speed 
D)  harshness 
E)  Slowness

Question 5

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Accepted Answer

A)  stagnating 
B)  improving 
C)  decreasing 
D)  uplifting 
E)  none of the above 
A)  stagnating 
B)  improving 
C)  decreasing 
D)  uplifting 
E)  none of the above

Question 6

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

Accepted Answer

A)  Commitment to an International Trade System 
B)  Absence of Protectionism 
C)  Fundamentals of Fair Trade 
D)  Market Openness 
E)  Balanced Economic Development 
A)  Commitment to an International Trade System 
B)  Absence of Protectionism 
C)  Fundamentals of Fair Trade 
D)  Market Openness 
E)  Balanced Economic Development

Question 7

An import quota is a complete ban on the import or export of certain products.

Accepted Answer

A) True 
 B)False

Question 8

For firms interested in global markets,investments in China are considered to be:

Accepted Answer

A)  too risky and not worth the effort. 
B)  illegal based on World Trade Organization (WTO) rulings. 
C)  an emerging business opportunity. 
D)  dependent on Yao Ming's success in the National Basketball Association. 
A)  too risky and not worth the effort. 
B)  illegal based on World Trade Organization (WTO) rulings. 
C)  an emerging business opportunity. 
D)  dependent on Yao Ming's success in the National Basketball Association.

Question 9

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

Accepted Answer

A) True 
 B)False

Question 10

____________ is the selling of goods and services to other countries.

Accepted Answer

A)  In-trading 
B)  Exporting 
C)  Importing 
D)  Dumping 
A)  In-trading 
B)  Exporting 
C)  Importing 
D)  Dumping

Question 11

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Accepted Answer

A)  Commitment to an International Trade System 
B)  Market Openness 
C)  Protectionism 
D)  Fundamentals of Fair Trade 
E)  Balanced Economic Development 
A)  Commitment to an International Trade System 
B)  Market Openness 
C)  Protectionism 
D)  Fundamentals of Fair Trade 
E)  Balanced Economic Development

Question 12

Trade occurs between _________.

Accepted Answer

A)  countries 
B)  organizations 
C)  individuals 
D)  a) and b) 
E)  b) and c) 
A)  countries 
B)  organizations 
C)  individuals 
D)  a) and b) 
E)  b) and c)

Question 13

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

Accepted Answer

A) True 
 B)False

Question 14

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

Accepted Answer

A)  A closed system 
B)  A one-way focus 
C)  A two-way street 
D)  An exclusive endeavour 
E)  A limited effort 
A)  A closed system 
B)  A one-way focus 
C)  A two-way street 
D)  An exclusive endeavour 
E)  A limited effort

Question 15

What should a strategic assessment for an organization consider for shifting to a global presence?

Accepted Answer

Shifting to a global presence for an org

Question 16

The outlook for growth in global trade appears to be:

Accepted Answer

A)  less optimistic than in the past. 
B)  brighter every day. 
C)  unclear and lacking focus. 
D)  nonexistent. 
A)  less optimistic than in the past. 
B)  brighter every day. 
C)  unclear and lacking focus. 
D)  nonexistent.

Question 17

Direct investment is the least risky and least expensive way to participate in foreign trade.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

Accepted Answer

A)  The size of the U.S. economy 
B)  The position of the U.S. as the predominant purchaser of goods and services globally 
C)  The historical strong U.S. economic growth 
D)  The political flexibility of the U.S. 
E)  The U.S. sovereign debt 
A)  The size of the U.S. economy 
B)  The position of the U.S. as the predominant purchaser of goods and services globally 
C)  The historical strong U.S. economic growth 
D)  The political flexibility of the U.S. 
E)  The U.S. sovereign debt

Question 19

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Accepted Answer

A) True 
 B)False

Question 20

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Accepted Answer

A) True 
 B)False

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

How many countries in The European Union use the Euro as a common currency?

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

An import quota is a complete ban on the import or export of certain products.

For firms interested in global markets,investments in China are considered to be:

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

____________ is the selling of goods and services to other countries.

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Trade occurs between _________.

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

What should a strategic assessment for an organization consider for shifting to a global presence?

The outlook for growth in global trade appears to be:

Direct investment is the least risky and least expensive way to participate in foreign trade.

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Non-tariff barriers can be just as detrimental to free trade as tariffs.

What Is Business

The Canadian Economic Environment

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Developing a Business Strategy

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Financial Statements Structure and Interpretation

Analyzing New Business Ventures

Filters

Exam 3: The Global Marketplace

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

How many countries in The European Union use the Euro as a common currency?

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

An import quota is a complete ban on the import or export of certain products.

For firms interested in global markets,investments in China are considered to be:

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

____________ is the selling of goods and services to other countries.

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Trade occurs between _________.

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

What should a strategic assessment for an organization consider for shifting to a global presence?

The outlook for growth in global trade appears to be:

Direct investment is the least risky and least expensive way to participate in foreign trade.

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Non-tariff barriers can be just as detrimental to free trade as tariffs.

What Is Business

The Canadian Economic Environment

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Developing a Business Strategy

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Financial Statements Structure and Interpretation

Analyzing New Business Ventures

Filters