Question 1

Which of the following is one of Hofstede's five dimensions of culture?

Accepted Answer

A)  Power distance 
B)  Uncertainty avoidance 
C)  Long-term vs. short-term orientation 
D)  All of the responses are correct 
A)  Power distance 
B)  Uncertainty avoidance 
C)  Long-term vs. short-term orientation 
D)  All of the responses are correct

Question 2

Trade __________ is the use of government regulations to limit the import of goods and services.

Accepted Answer

The answer of Trade __________ is the use of government...

Question 3

There can be religious implications of global business decisions.

Accepted Answer

A) True 
 B)False

Question 4

__________ refers to any activity that seeks to provide goods and services to others across national borders while operating at a profit.

Accepted Answer

A)  Global business 
B)  Global management 
C)  Global economics 
D)  Multinational management 
A)  Global business 
B)  Global management 
C)  Global economics 
D)  Multinational management

Question 5

The U.S.published the Harmonized Tariff Schedule,which includes tariff costs for every product from every country.

Accepted Answer

A) True 
 B)False

Question 6

To be successful,the firms entering a strategic alliance need to be roughly the same size.

Accepted Answer

A) True 
 B)False

Question 7

Economics tells us that it is a poor idea to trade globally.

Accepted Answer

A) True 
 B)False

Question 8

Absolute advantage occurs when a country has a monopoly on producing a specific product or is able to produce it more efficiently than all other countries.

Accepted Answer

A) True 
 B)False

Question 9

All large U.S.companies always think globally.

Accepted Answer

A) True 
 B)False

Question 10

Why should countries trade globally?

Accepted Answer

In an economic sense,there are several r

Question 11

Define global business and list the advantages of engaging in global business.

Accepted Answer

Global business refers to any activity t

Question 12

A(n)__________ is a tax on imports.

Accepted Answer

A)  Gross domestic product 
B)  Import quota 
C)  Export quotient 
D)  Tariff 
A)  Gross domestic product 
B)  Import quota 
C)  Export quotient 
D)  Tariff

Question 13

The exchange rate is the value of one nation's currency relative to the currencies of other countries.

Accepted Answer

A) True 
 B)False

Question 14

Nontariff barriers are restrictive standards that detail exactly how a product must be sold in a country.

Accepted Answer

A) True 
 B)False

Question 15

__________ tariffs are designed to raise money for the government.

Accepted Answer

The answer of __________ tariffs are designed to raise money...

Question 16

GATT is an agreement signed by many countries to reduce the restrictions on trade with one another.

Accepted Answer

A) True 
 B)False

Question 17

The global market is smaller than the American market.

Accepted Answer

A) True 
 B)False

Question 18

Part of the mission of OPEC is to seek ways and means of ensuring the stabilization of prices in international oil markets.

Accepted Answer

A) True 
 B)False

Question 19

A(n)__________ is a complete ban on the import or export of a certain product or the stopping of all trade with a particular country.

Accepted Answer

The answer of A(n)__________ is a complete ban on the...

Question 20

Which of the following statements about strategic alliances is most true?

Accepted Answer

A)  It is a long-term partnership between two or more companies to help each company build competitive market advantages 
B)  Strategic alliances can provide access to markets, capital and technical expertise 
C)  Usually risks, costs, management or profits are not shared between the firms 
D)  All of the responses are correct 
A)  It is a long-term partnership between two or more companies to help each company build competitive market advantages 
B)  Strategic alliances can provide access to markets, capital and technical expertise 
C)  Usually risks, costs, management or profits are not shared between the firms 
D)  All of the responses are correct

Which of the following is one of Hofstede's five dimensions of culture?

Trade __________ is the use of government regulations to limit the import of goods and services.

There can be religious implications of global business decisions.

__________ refers to any activity that seeks to provide goods and services to others across national borders while operating at a profit.

The U.S.published the Harmonized Tariff Schedule,which includes tariff costs for every product from every country.

To be successful,the firms entering a strategic alliance need to be roughly the same size.

Economics tells us that it is a poor idea to trade globally.

Absolute advantage occurs when a country has a monopoly on producing a specific product or is able to produce it more efficiently than all other countries.

All large U.S.companies always think globally.

Why should countries trade globally?

Define global business and list the advantages of engaging in global business.

A(n)__________ is a tax on imports.

The exchange rate is the value of one nation's currency relative to the currencies of other countries.

Nontariff barriers are restrictive standards that detail exactly how a product must be sold in a country.

__________ tariffs are designed to raise money for the government.

GATT is an agreement signed by many countries to reduce the restrictions on trade with one another.

The global market is smaller than the American market.

Part of the mission of OPEC is to seek ways and means of ensuring the stabilization of prices in international oil markets.

A(n)__________ is a complete ban on the import or export of a certain product or the stopping of all trade with a particular country.

Which of the following statements about strategic alliances is most true?

Introduction

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Distributing and Promoting Products and Services

Using Technology to Manage Information Lf-Test Scoring Guidelines

Filters

Exam 11: Creating Products and Pricing Strategies to Meet Customers Needs

Which of the following is one of Hofstede's five dimensions of culture?

Trade __________ is the use of government regulations to limit the import of goods and services.

There can be religious implications of global business decisions.

__________ refers to any activity that seeks to provide goods and services to others across national borders while operating at a profit.

The U.S.published the Harmonized Tariff Schedule,which includes tariff costs for every product from every country.

To be successful,the firms entering a strategic alliance need to be roughly the same size.

Economics tells us that it is a poor idea to trade globally.

Absolute advantage occurs when a country has a monopoly on producing a specific product or is able to produce it more efficiently than all other countries.

All large U.S.companies always think globally.

Why should countries trade globally?

Define global business and list the advantages of engaging in global business.

A(n)__________ is a tax on imports.

The exchange rate is the value of one nation's currency relative to the currencies of other countries.

Nontariff barriers are restrictive standards that detail exactly how a product must be sold in a country.

__________ tariffs are designed to raise money for the government.

GATT is an agreement signed by many countries to reduce the restrictions on trade with one another.

The global market is smaller than the American market.

Part of the mission of OPEC is to seek ways and means of ensuring the stabilization of prices in international oil markets.

A(n)__________ is a complete ban on the import or export of a certain product or the stopping of all trade with a particular country.

Which of the following statements about strategic alliances is most true?

Introduction

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Distributing and Promoting Products and Services

Using Technology to Manage Information Lf-Test Scoring Guidelines

Filters