Question 1

Different institutions of the EU

Accepted Answer

A)  represent different constituencies, such as the people of Europe and the member states. 
B)  are based on difference expertise areas, such as trade, politics, and governing. 
C)  are organized to work differently (consensus, plurality, simple majority) so that many approaches are included. 
D)  all share one concern: free trade among the member states. 
A)  represent different constituencies, such as the people of Europe and the member states. 
B)  are based on difference expertise areas, such as trade, politics, and governing. 
C)  are organized to work differently (consensus, plurality, simple majority) so that many approaches are included. 
D)  all share one concern: free trade among the member states.

Question 2

Institutions are vitally important to international business decision makers because

Accepted Answer

A)  they provide ways to settle conflicts. 
B)  they provide methods for moving trade forward. 
C)  they are the foundation for our interactions. 
D)  they hold power of trade processes. 
A)  they provide ways to settle conflicts. 
B)  they provide methods for moving trade forward. 
C)  they are the foundation for our interactions. 
D)  they hold power of trade processes.

Question 3

Guanxi is

Accepted Answer

A)  a Chinese social relationship that combines ideas of social capital and mentoring. 
B)  a part of Shanghai known for expatriate restaurants. 
C)  a group of Mandarin texts drawing outlines of social behavior. 
D)  one of the traditional practices involved in walking along the Great Wall. 
A)  a Chinese social relationship that combines ideas of social capital and mentoring. 
B)  a part of Shanghai known for expatriate restaurants. 
C)  a group of Mandarin texts drawing outlines of social behavior. 
D)  one of the traditional practices involved in walking along the Great Wall.

Question 4

Under new institutional theory,institutions can be categorized as formal and informal,and the informal institutions can be further categorized as

Accepted Answer

A)  normative and cognitive. 
B)  normal and abnormal. 
C)  informally cognitive and formally cognitive. 
D)  effective and ineffective. 
A)  normative and cognitive. 
B)  normal and abnormal. 
C)  informally cognitive and formally cognitive. 
D)  effective and ineffective.

Question 5

Formal institutions gain compliance through

Accepted Answer

A)  laws and regulations that operate with threat of force. 
B)  norms and values that operate with the force of social conformity. 
C)  cognitive values that operate with the force of need to know. 
D)  membership fees, with expulsion as a penalty for noncompliance. 
A)  laws and regulations that operate with threat of force. 
B)  norms and values that operate with the force of social conformity. 
C)  cognitive values that operate with the force of need to know. 
D)  membership fees, with expulsion as a penalty for noncompliance.

Question 6

Regional trade agreements have been growing

Accepted Answer

A)  to compensate for slow progress at the WTO's Doha Round. 
B)  because it is natural for neighbors to made trade agreements. 
C)  at the behest of the WTO. 
D)  largely influenced by the U.S. and EU. 
A)  to compensate for slow progress at the WTO's Doha Round. 
B)  because it is natural for neighbors to made trade agreements. 
C)  at the behest of the WTO. 
D)  largely influenced by the U.S. and EU.

Question 7

Given what you have read about institutional theory,comment on the quote from William Inge,former Dean of St.Paul's,London: "Every institution not only carries with it the seeds of its own dissolution,but prepares the way for its most hated rival."

Accepted Answer

This quote poses a paradox for evaluatio

Question 8

The WTO has made progress on trade-related intellectual property rights (TRIPS).An example of this progress is

Accepted Answer

A)  an agreement that property rights should not take precedence over public health. 
B)  an agreement that copyrights are inviolate. 
C)  a shared recognition that private property is a basic human right. 
D)  an agreement that governments should hold all pharmaceutical trade secrets. 
A)  an agreement that property rights should not take precedence over public health. 
B)  an agreement that copyrights are inviolate. 
C)  a shared recognition that private property is a basic human right. 
D)  an agreement that governments should hold all pharmaceutical trade secrets.

Question 9

In a free trade area,members drop internal tariffs.External tariffs

Accepted Answer

A)  are also dropped. 
B)  are coordinated so there is one agreed-upon set of external tariffs. 
C)  are maintained independently by each member. 
D)  do not apply to an FTA. 
A)  are also dropped. 
B)  are coordinated so there is one agreed-upon set of external tariffs. 
C)  are maintained independently by each member. 
D)  do not apply to an FTA.

Question 10

In contrasting China and the U.S.,who must cooperate in the modern world,one is autocracy,the other a ________.

Accepted Answer

democracy
Explanation: The con

Question 11

The last area to drop tariffs in NAFTA was

Accepted Answer

A)  corn exports into Mexico. 
B)  milk products into Canada. 
C)  lumber into the U.S. 
D)  agricultural products into Panama. 
A)  corn exports into Mexico. 
B)  milk products into Canada. 
C)  lumber into the U.S. 
D)  agricultural products into Panama.

Question 12

The five principles of the WTO (trade without discrimination,freer trade,predictability,fair competition,and encouraging development and economic reform)if followed,would provide developing nations a boost in their development.Agree or disagree.

Accepted Answer

This is a question that goes t

Question 13

The United Nations is

Accepted Answer

A)  a forum for the promotion of peace and global stability. 
B)  an organization established to ensure dominance of the superpowers. 
C)  a critical member of the WTO. 
D)  a formal institution with strict regulations. 
A)  a forum for the promotion of peace and global stability. 
B)  an organization established to ensure dominance of the superpowers. 
C)  a critical member of the WTO. 
D)  a formal institution with strict regulations.

Question 14

The main deliberative body of the UN is the

Accepted Answer

General Assembly
Explanation:

Question 15

The World Bank funds infrastructure projects in developed countries.

Accepted Answer

A) True 
 B)False

Question 16

The WTO exists to

Accepted Answer

A)  establish and help implement rules of trade among nations to increase trade flows. 
B)  monitor and reduce the amount of trade from developing nations to developed nations. 
C)  ensure that the Industrial Revolution continues to support the economies of developed nations. 
D)  encourage development of trade barriers. 
A)  establish and help implement rules of trade among nations to increase trade flows. 
B)  monitor and reduce the amount of trade from developing nations to developed nations. 
C)  ensure that the Industrial Revolution continues to support the economies of developed nations. 
D)  encourage development of trade barriers.

Question 17

Informal cognitive institutions are not important to international managers because such managers localize their hiring,so they can draw on local talent.

Accepted Answer

A) True 
 B)False

Question 18

The purpose of the International Financial Corporation (IFC)is to invest in companies and financial institutions in developing countries to build

Accepted Answer

A)  infrastructure. 
B)  trade routes. 
C)  domestic logistics. 
D)  domestic capital markets. 
A)  infrastructure. 
B)  trade routes. 
C)  domestic logistics. 
D)  domestic capital markets.

Question 19

Regional trade agreements such as NAFTA impact the WTO

Accepted Answer

A)  negatively, because they undercut the nondiscrimination principle of the WTO. 
B)  positively, because they extend most-favored-nation status to more nations. 
C)  negatively, because they compete with the WTO for membership, given that nations can belong to only one trade group. 
D)  negatively, because the U.S. and the EU do not have a regional trade agreement between them. 
A)  negatively, because they undercut the nondiscrimination principle of the WTO. 
B)  positively, because they extend most-favored-nation status to more nations. 
C)  negatively, because they compete with the WTO for membership, given that nations can belong to only one trade group. 
D)  negatively, because the U.S. and the EU do not have a regional trade agreement between them.

Question 20

GAAP is an example of an informal ___________ institution that supports shared standards.

Accepted Answer

normative
Explanatio

Different institutions of the EU

Institutions are vitally important to international business decision makers because

Guanxi is

Under new institutional theory,institutions can be categorized as formal and informal,and the informal institutions can be further categorized as

Formal institutions gain compliance through

Regional trade agreements have been growing

Given what you have read about institutional theory,comment on the quote from William Inge,former Dean of St.Paul's,London: "Every institution not only carries with it the seeds of its own dissolution,but prepares the way for its most hated rival."

The WTO has made progress on trade-related intellectual property rights (TRIPS).An example of this progress is

In a free trade area,members drop internal tariffs.External tariffs

In contrasting China and the U.S.,who must cooperate in the modern world,one is autocracy,the other a ________.

The last area to drop tariffs in NAFTA was

The five principles of the WTO (trade without discrimination,freer trade,predictability,fair competition,and encouraging development and economic reform)if followed,would provide developing nations a boost in their development.Agree or disagree.

The United Nations is

The main deliberative body of the UN is the

The World Bank funds infrastructure projects in developed countries.

The WTO exists to

Informal cognitive institutions are not important to international managers because such managers localize their hiring,so they can draw on local talent.

The purpose of the International Financial Corporation (IFC)is to invest in companies and financial institutions in developing countries to build

Regional trade agreements such as NAFTA impact the WTO

GAAP is an example of an informal ___________ institution that supports shared standards.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

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Exam 16: Appendix A: International Institutions From a Business Perspective

Different institutions of the EU

Institutions are vitally important to international business decision makers because

Guanxi is

Under new institutional theory,institutions can be categorized as formal and informal,and the informal institutions can be further categorized as

Formal institutions gain compliance through

Regional trade agreements have been growing

Given what you have read about institutional theory,comment on the quote from William Inge,former Dean of St.Paul's,London: "Every institution not only carries with it the seeds of its own dissolution,but prepares the way for its most hated rival."

The WTO has made progress on trade-related intellectual property rights (TRIPS).An example of this progress is

In a free trade area,members drop internal tariffs.External tariffs

In contrasting China and the U.S.,who must cooperate in the modern world,one is autocracy,the other a ________.

The last area to drop tariffs in NAFTA was

The five principles of the WTO (trade without discrimination,freer trade,predictability,fair competition,and encouraging development and economic reform)if followed,would provide developing nations a boost in their development.Agree or disagree.

The United Nations is

The main deliberative body of the UN is the

The World Bank funds infrastructure projects in developed countries.

The WTO exists to

Informal cognitive institutions are not important to international managers because such managers localize their hiring,so they can draw on local talent.

The purpose of the International Financial Corporation (IFC)is to invest in companies and financial institutions in developing countries to build

Regional trade agreements such as NAFTA impact the WTO

GAAP is an example of an informal ___________ institution that supports shared standards.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters