Question 1

When two computer companies joined together in hopes of obtaining a competitive advantage on a worldwide basis,this exemplifies a

Accepted Answer

A)  direct investment. 
B)  contract manufacturing deal. 
C)  cartel. 
D)  joint venture. 
E)  strategic alliance. 
A)  direct investment. 
B)  contract manufacturing deal. 
C)  cartel. 
D)  joint venture. 
E)  strategic alliance.

Question 2

The fact that the U.S.company 3M owns a film-manufacturing facility in Italy is an example of

Accepted Answer

A)  contract manufacturing. 
B)  a direct investment. 
C)  a trading company. 
D)  licensing. 
E)  exporting. 
A)  contract manufacturing. 
B)  a direct investment. 
C)  a trading company. 
D)  licensing. 
E)  exporting.

Question 3

A change in administration in a foreign government that is hostile to foreign trade is an example of a(n)

Accepted Answer

A)  political barrier. 
B)  cultural barrier. 
C)  exchange barrier. 
D)  export quota. 
E)  body language. 
A)  political barrier. 
B)  cultural barrier. 
C)  exchange barrier. 
D)  export quota. 
E)  body language.

Question 4

Globalization refers only to products,not promotion or distribution.

Accepted Answer

A) True 
 B)False

Question 5

When Madison flies to Italy from the United States on a British airline,stays in Italian hotels,and buys clothing in Milan to bring home after her trip,she

Accepted Answer

A)  decreases the trade deficit. 
B)  is exporting products to Italy and Great Britain. 
C)  contributes to the negative balance of payments for the U.S. 
D)  buys American-made goods overseas. 
E)  contributes to the positive balance of payments for the U.S. 
A)  decreases the trade deficit. 
B)  is exporting products to Italy and Great Britain. 
C)  contributes to the negative balance of payments for the U.S. 
D)  buys American-made goods overseas. 
E)  contributes to the positive balance of payments for the U.S.

Question 6

An understanding of which of the following realities is not required for businesspeople to plan in a global economy?

Accepted Answer

A)  Personal 
B)  Economic 
C)  Legal 
D)  Political 
E)  Sociocultural 
A)  Personal 
B)  Economic 
C)  Legal 
D)  Political 
E)  Sociocultural

Question 7

Around the globe,completely free trade is common.

Accepted Answer

A) True 
 B)False

Question 8

Exporting is the purchase of products from another nation.

Accepted Answer

A) True 
 B)False

Question 9

A group of nations or companies that band together to act as a monopoly is known as a

Accepted Answer

A)  conglomerate. 
B)  licensor. 
C)  cartel. 
D)  multinational. 
E)  licensee. 
A)  conglomerate. 
B)  licensor. 
C)  cartel. 
D)  multinational. 
E)  licensee.

Question 10

Which of the following countries was an original member nation of Asia-Pacific Economic Cooperation?

Accepted Answer

A)  Belgium 
B)  Mexico 
C)  China 
D)  Japan 
E)  Chile 
A)  Belgium 
B)  Mexico 
C)  China 
D)  Japan 
E)  Chile

Question 11

Political considerations change slowly,while laws change rapidly.

Accepted Answer

A) True 
 B)False

Question 12

A common reason for establishing quotas or tariffs is to prohibit dumping.

Accepted Answer

A) True 
 B)False

Question 13

What is the difference between a multinational and a globalization strategy?

Accepted Answer

Companies doing business internationally

Question 14

The U.S.has a trade deficit because

Accepted Answer

A)  U.S.companies export more goods to other countries than foreign companies sell here. 
B)  the U.S.imports too many products from China. 
C)  the U.S.imports more products than it exports. 
D)  American consumers stopped buying Chinese goods and services. 
E)  American consumers buy far more domestic goods and services than foreign goods and services. 
A)  U.S.companies export more goods to other countries than foreign companies sell here. 
B)  the U.S.imports too many products from China. 
C)  the U.S.imports more products than it exports. 
D)  American consumers stopped buying Chinese goods and services. 
E)  American consumers buy far more domestic goods and services than foreign goods and services.

Question 15

As political barriers to trade fall internationally,new ______ are created for international business.

Accepted Answer

A)  opportunities 
B)  threats 
C)  strengths 
D)  weaknesses 
E)  competition 
A)  opportunities 
B)  threats 
C)  strengths 
D)  weaknesses 
E)  competition

Question 16

The law that allows selected American firms desiring international trade to form monopolies to compete with foreign cartels is the

Accepted Answer

A)  Webb-Pomerene Export Trade Act. 
B)  Bretton Woods Agreement. 
C)  General Agreement on Tariffs and Trade. 
D)  Foreign Corrupt Practices Act. 
E)  Sherman Antitrust Act. 
A)  Webb-Pomerene Export Trade Act. 
B)  Bretton Woods Agreement. 
C)  General Agreement on Tariffs and Trade. 
D)  Foreign Corrupt Practices Act. 
E)  Sherman Antitrust Act.

Question 17

Explain the phrase "Think globally,act locally."

Accepted Answer

This refers to the philosophy followed b

Question 18

A balance of trade refers to the buying,selling,and trading of goods and services across national boundaries.

Accepted Answer

A) True 
 B)False

Question 19

The Webb-Pomerene Export Trade Act allows selected U.S.firms desiring international trade to form monopolies to compete with foreign cartels.

Accepted Answer

A) True 
 B)False

Question 20

Understanding that Arab businessmen tend to stand face to face when holding a conversation reveals the importance of understanding another culture's use of

Accepted Answer

A)  language. 
B)  dialect. 
C)  religious practices. 
D)  manners. 
E)  body language. 
A)  language. 
B)  dialect. 
C)  religious practices. 
D)  manners. 
E)  body language.

When two computer companies joined together in hopes of obtaining a competitive advantage on a worldwide basis,this exemplifies a

The fact that the U.S.company 3M owns a film-manufacturing facility in Italy is an example of

A change in administration in a foreign government that is hostile to foreign trade is an example of a(n)

Globalization refers only to products,not promotion or distribution.

When Madison flies to Italy from the United States on a British airline,stays in Italian hotels,and buys clothing in Milan to bring home after her trip,she

An understanding of which of the following realities is not required for businesspeople to plan in a global economy?

Around the globe,completely free trade is common.

Exporting is the purchase of products from another nation.

A group of nations or companies that band together to act as a monopoly is known as a

Which of the following countries was an original member nation of Asia-Pacific Economic Cooperation?

Political considerations change slowly,while laws change rapidly.

A common reason for establishing quotas or tariffs is to prohibit dumping.

What is the difference between a multinational and a globalization strategy?

The U.S.has a trade deficit because

As political barriers to trade fall internationally,new ______ are created for international business.

The law that allows selected American firms desiring international trade to form monopolies to compete with foreign cartels is the

Explain the phrase "Think globally,act locally."

A balance of trade refers to the buying,selling,and trading of goods and services across national boundaries.

The Webb-Pomerene Export Trade Act allows selected U.S.firms desiring international trade to form monopolies to compete with foreign cartels.

Understanding that Arab businessmen tend to stand face to face when holding a conversation reveals the importance of understanding another culture's use of

The Dynamics of Business and Economics

Business Ethics and Social Responsibility

Options for Organizing Business

Small Business, entrepreneurship, and Franchising

The Nature of Management

Organization, teamwork, and Communication

Managing Service and Manufacturing Operations

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Filters

Exam 3: Business in a Borderless World

When two computer companies joined together in hopes of obtaining a competitive advantage on a worldwide basis,this exemplifies a

The fact that the U.S.company 3M owns a film-manufacturing facility in Italy is an example of

A change in administration in a foreign government that is hostile to foreign trade is an example of a(n)

Globalization refers only to products,not promotion or distribution.

When Madison flies to Italy from the United States on a British airline,stays in Italian hotels,and buys clothing in Milan to bring home after her trip,she

An understanding of which of the following realities is not required for businesspeople to plan in a global economy?

Around the globe,completely free trade is common.

Exporting is the purchase of products from another nation.

A group of nations or companies that band together to act as a monopoly is known as a

Which of the following countries was an original member nation of Asia-Pacific Economic Cooperation?

Political considerations change slowly,while laws change rapidly.

A common reason for establishing quotas or tariffs is to prohibit dumping.

What is the difference between a multinational and a globalization strategy?

The U.S.has a trade deficit because

As political barriers to trade fall internationally,new ______ are created for international business.

The law that allows selected American firms desiring international trade to form monopolies to compete with foreign cartels is the

Explain the phrase "Think globally,act locally."

A balance of trade refers to the buying,selling,and trading of goods and services across national boundaries.

The Webb-Pomerene Export Trade Act allows selected U.S.firms desiring international trade to form monopolies to compete with foreign cartels.

Understanding that Arab businessmen tend to stand face to face when holding a conversation reveals the importance of understanding another culture's use of

The Dynamics of Business and Economics

Business Ethics and Social Responsibility

Options for Organizing Business

Small Business, entrepreneurship, and Franchising

The Nature of Management

Organization, teamwork, and Communication

Managing Service and Manufacturing Operations

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Filters