Question 1

Which of the following is an advantage of free trade?

Accepted Answer

A)  Productivity grows when countries produce goods and services in which they have a comparative advantage 
B)  Domestic workers can lose their jobs as a consequence of increased imports 
C)  Moving operations overseas often means the loss of service jobs and growing numbers of white-collar jobs 
D)  All of the responses are correct 
A)  Productivity grows when countries produce goods and services in which they have a comparative advantage 
B)  Domestic workers can lose their jobs as a consequence of increased imports 
C)  Moving operations overseas often means the loss of service jobs and growing numbers of white-collar jobs 
D)  All of the responses are correct

Question 2

The flow of goods in a distribution channel other than those intended by the manufacturer is called a:

Accepted Answer

A)  Blue market 
B)  Gray market 
C)  Black market 
D)  Senior market 
A)  Blue market 
B)  Gray market 
C)  Black market 
D)  Senior market

Question 3

Creating a foreign subsidiary is an especially good strategy for smaller firms that want to enter the global marketplace.

Accepted Answer

A) True 
 B)False

Question 4

A joint venture is a long-term partnership between two or more companies established to help each company build competitive market advantages.

Accepted Answer

A) True 
 B)False

Question 5

A trade deficit occurs when the value of the country's imports exceeds that of its exports.

Accepted Answer

A) True 
 B)False

Question 6

Dumping is the practice of selling products in a foreign country at lower prices than those charged in the producing country.

Accepted Answer

A) True 
 B)False

Question 7

__________ is an attitude that one's own culture is superior to all others.

Accepted Answer

A)  Ethnocentricity 
B)  Superior ethnicity 
C)  Cultural supremacy 
D)  Socio-cultural elitism 
A)  Ethnocentricity 
B)  Superior ethnicity 
C)  Cultural supremacy 
D)  Socio-cultural elitism

Question 8

Countertrading is used in the currency markets.

Accepted Answer

A) True 
 B)False

Question 9

When a host government takes over a foreign subsidiary in a country it is called a(n)__________.

Accepted Answer

The answer of When a host government takes over a...

Question 10

A trade surplus occurs when the value of the country's exports exceeds that of its imports.

Accepted Answer

A) True 
 B)False

Question 11

Global business is any activity that seeks to provide goods and services to others across national borders while operating at a profit.

Accepted Answer

A) True 
 B)False

Question 12

GATT established an international forum for negotiating mutual reductions in trade restrictions.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

The answer of The __________rate is the value of one...

Question 14

The balance of trade is:

Accepted Answer

A)  The number used in countertrade to be sure the trade is fair 
B)  A nation's ratio of exports to imports 
C)  The value of a country's exports 
D)  The value of a country's imports 
A)  The number used in countertrade to be sure the trade is fair 
B)  A nation's ratio of exports to imports 
C)  The value of a country's exports 
D)  The value of a country's imports

Question 15

Opponents of the ratification of NAFTA included organized labor unions.

Accepted Answer

A) True 
 B)False

Question 16

The licensing fee is called a royalty.

Accepted Answer

A) True 
 B)False

Question 17

One disadvantage of global business is that labor is more expensive overseas.

Accepted Answer

A) True 
 B)False

Question 18

A multi-national corporation is an organization that markets products worldwide,but manufactures these products in the home country.

Accepted Answer

A) True 
 B)False

Question 19

The balance of trade is a nation's ratio of imports to exports.

Accepted Answer

A) True 
 B)False

Question 20

A common market is a regional group of countries that have a common external tariff,no internal tariffs and the coordination of laws to facilitate exchange among member countries.

Accepted Answer

A) True 
 B)False

Which of the following is an advantage of free trade?

The flow of goods in a distribution channel other than those intended by the manufacturer is called a:

Creating a foreign subsidiary is an especially good strategy for smaller firms that want to enter the global marketplace.

A joint venture is a long-term partnership between two or more companies established to help each company build competitive market advantages.

A trade deficit occurs when the value of the country's imports exceeds that of its exports.

Dumping is the practice of selling products in a foreign country at lower prices than those charged in the producing country.

__________ is an attitude that one's own culture is superior to all others.

Countertrading is used in the currency markets.

When a host government takes over a foreign subsidiary in a country it is called a(n)__________.

A trade surplus occurs when the value of the country's exports exceeds that of its imports.

Global business is any activity that seeks to provide goods and services to others across national borders while operating at a profit.

GATT established an international forum for negotiating mutual reductions in trade restrictions.

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

The balance of trade is:

Opponents of the ratification of NAFTA included organized labor unions.

The licensing fee is called a royalty.

One disadvantage of global business is that labor is more expensive overseas.

A multi-national corporation is an organization that markets products worldwide,but manufactures these products in the home country.

The balance of trade is a nation's ratio of imports to exports.

A common market is a regional group of countries that have a common external tariff,no internal tariffs and the coordination of laws to facilitate exchange among member countries.

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 an advantage of free trade?

The flow of goods in a distribution channel other than those intended by the manufacturer is called a:

Creating a foreign subsidiary is an especially good strategy for smaller firms that want to enter the global marketplace.

A joint venture is a long-term partnership between two or more companies established to help each company build competitive market advantages.

A trade deficit occurs when the value of the country's imports exceeds that of its exports.

Dumping is the practice of selling products in a foreign country at lower prices than those charged in the producing country.

__________ is an attitude that one's own culture is superior to all others.

Countertrading is used in the currency markets.

When a host government takes over a foreign subsidiary in a country it is called a(n)__________.

A trade surplus occurs when the value of the country's exports exceeds that of its imports.

Global business is any activity that seeks to provide goods and services to others across national borders while operating at a profit.

GATT established an international forum for negotiating mutual reductions in trade restrictions.

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

The balance of trade is:

Opponents of the ratification of NAFTA included organized labor unions.

The licensing fee is called a royalty.

One disadvantage of global business is that labor is more expensive overseas.

A multi-national corporation is an organization that markets products worldwide,but manufactures these products in the home country.

The balance of trade is a nation's ratio of imports to exports.

A common market is a regional group of countries that have a common external tariff,no internal tariffs and the coordination of laws to facilitate exchange among member countries.

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