Question 1

Describe the forces that have combined to spark and sustain globalization.

Accepted Answer

Several forces have combined to spark an

Question 2

The best way to achieve foreign direct investment is to use independent agents.

Accepted Answer

A) True 
 B)False

Question 3

Investment Canada's mandate is

Accepted Answer

A)  to focus on the promotion of Canadian goods to other countries. 
B)  to focus on attracting foreign investment to Canada. 
C)  to track investment money to overseas banks. 
D)  to focus on aiding Canadian businesses in collecting money from their customers in foreign countries. 
E)  to promote the investment of Canadian dollars into foreign business operations. 
A)  to focus on the promotion of Canadian goods to other countries. 
B)  to focus on attracting foreign investment to Canada. 
C)  to track investment money to overseas banks. 
D)  to focus on aiding Canadian businesses in collecting money from their customers in foreign countries. 
E)  to promote the investment of Canadian dollars into foreign business operations.

Question 4

According to the World Bank,Canada,South Korea,and Kuwait are all considered high-income countries.

Accepted Answer

A) True 
 B)False

Question 5

The ________ is the currency for EU members.

Accepted Answer

A)  oreo 
B)  pound 
C)  euro 
D)  franc 
E)  peso 
A)  oreo 
B)  pound 
C)  euro 
D)  franc 
E)  peso

Question 6

The first decision in determining whether a company should "go international" or not,is to determine if there is an international demand for its products.

Accepted Answer

A) True 
 B)False

Question 7

Most of the countries of Europe are classified as high-income countries by the World Bank.

Accepted Answer

A) True 
 B)False

Question 8

________ is a trade agreement that removes tariffs and other trade barriers among the United States,Canada,and Mexico.

Accepted Answer

A)  NAFTA 
B)  ASEAN 
C)  The World Bank 
D)  The European Union 
E)  GATT 
A)  NAFTA 
B)  ASEAN 
C)  The World Bank 
D)  The European Union 
E)  GATT

Question 9

The results for Canada from the North American Free Trade Agreement include all of the following except

Accepted Answer

A)  Canada has become an exporting powerhouse. 
B)  direct foreign investment increased. 
C)  Canada now exports 40 percent of its GDP. 
D)  U.S.imports from (and exports)to Mexico increased. 
E)  Canada is the least trade-intensive country in the G7 group. 
A)  Canada has become an exporting powerhouse. 
B)  direct foreign investment increased. 
C)  Canada now exports 40 percent of its GDP. 
D)  U.S.imports from (and exports)to Mexico increased. 
E)  Canada is the least trade-intensive country in the G7 group.

Question 10

Lingo Media has an arrangement with the state-owned People's Education Press in China,the market leader in providing textbooks to Chinese schools.Lingo has chosen the ____________ form of international organizational structure.

Accepted Answer

A)  independent agent 
B)  licensing agreement 
C)  multinational 
D)  branch office 
E)  strategic alliance 
A)  independent agent 
B)  licensing agreement 
C)  multinational 
D)  branch office 
E)  strategic alliance

Question 11

Discuss the theory of national competitive advantage.

Accepted Answer

- National competitive advantage - count

Question 12

The key factor in national competitive advantage is the population of a country.

Accepted Answer

A) True 
 B)False

Question 13

Identify and describe the three potential barriers to international trade.

Accepted Answer

- social and cultura

Question 14

If the Canadian dollar rises,our balance of trade will most likely ________ resulting in a(n)________ of jobs in the export industry.

Accepted Answer

A)  rise; increase 
B)  decrease; decrease 
C)  decrease; increase 
D)  rise; decrease 
E)  none of these 
A)  rise; increase 
B)  decrease; decrease 
C)  decrease; increase 
D)  rise; decrease 
E)  none of these

Question 15

Saudi oil and Canadian timber are examples of

Accepted Answer

A)  relative advantage. 
B)  comparative advantage. 
C)  import advantage. 
D)  export advantage. 
E)  absolute advantage. 
A)  relative advantage. 
B)  comparative advantage. 
C)  import advantage. 
D)  export advantage. 
E)  absolute advantage.

Question 16

What are local-content laws? What do they imply for a country wanting to do business?

Accepted Answer

- laws requiring that products sold in a

Question 17

Why might social and cultural differences cause conflict to firms exporting their products?

Accepted Answer

- different beliefs (religious

Question 18

With regard to the issue of free trade,it is correct to say that

Accepted Answer

A)  Mercosur has been the least successful of the free trade agreements that have been signed. 
B)  The World Trade Organization has been able to resolve trade disputes soon after they arise. 
C)  There has been strong support for the World Trade Organization from groups like environmentalists,farmers,and social activists. 
D)  Economists have concluded that free trade has not been as good for Canada as predicted by its supporters,nor as bad for Canada as predicted by its opponents. 
E)  All of these statements are correct. 
A)  Mercosur has been the least successful of the free trade agreements that have been signed. 
B)  The World Trade Organization has been able to resolve trade disputes soon after they arise. 
C)  There has been strong support for the World Trade Organization from groups like environmentalists,farmers,and social activists. 
D)  Economists have concluded that free trade has not been as good for Canada as predicted by its supporters,nor as bad for Canada as predicted by its opponents. 
E)  All of these statements are correct.

Question 19

If Japan's total exports are $12 billion and total imports are $4 billion,then this is called

Accepted Answer

A)  a trade deficit. 
B)  a positive balance of trade. 
C)  an absolute advantage. 
D)  a negative balance of payments. 
E)  negative capital mobility. 
A)  a trade deficit. 
B)  a positive balance of trade. 
C)  an absolute advantage. 
D)  a negative balance of payments. 
E)  negative capital mobility.

Question 20

Other than the Canada-U.S.Free Trade Agreement and NAFTA,identify some of the other free trade agreements in the Americas.

Accepted Answer

- Mercosur - Argentina,Brazil,Uruguay,an

Describe the forces that have combined to spark and sustain globalization.

The best way to achieve foreign direct investment is to use independent agents.

Investment Canada's mandate is

According to the World Bank,Canada,South Korea,and Kuwait are all considered high-income countries.

The ________ is the currency for EU members.

The first decision in determining whether a company should "go international" or not,is to determine if there is an international demand for its products.

Most of the countries of Europe are classified as high-income countries by the World Bank.

________ is a trade agreement that removes tariffs and other trade barriers among the United States,Canada,and Mexico.

The results for Canada from the North American Free Trade Agreement include all of the following except

Lingo Media has an arrangement with the state-owned People's Education Press in China,the market leader in providing textbooks to Chinese schools.Lingo has chosen the ____________ form of international organizational structure.

Discuss the theory of national competitive advantage.

The key factor in national competitive advantage is the population of a country.

Identify and describe the three potential barriers to international trade.

If the Canadian dollar rises,our balance of trade will most likely resulting in a(n) of jobs in the export industry.

Saudi oil and Canadian timber are examples of

What are local-content laws? What do they imply for a country wanting to do business?

Why might social and cultural differences cause conflict to firms exporting their products?

With regard to the issue of free trade,it is correct to say that

If Japan's total exports are $12 billion and total imports are $4 billion,then this is called

Other than the Canada-U.S.Free Trade Agreement and NAFTA,identify some of the other free trade agreements in the Americas.

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters

Exam 5: The Global Context of Business

Describe the forces that have combined to spark and sustain globalization.

The best way to achieve foreign direct investment is to use independent agents.

Investment Canada's mandate is

According to the World Bank,Canada,South Korea,and Kuwait are all considered high-income countries.

The ________ is the currency for EU members.

The first decision in determining whether a company should "go international" or not,is to determine if there is an international demand for its products.

Most of the countries of Europe are classified as high-income countries by the World Bank.

________ is a trade agreement that removes tariffs and other trade barriers among the United States,Canada,and Mexico.

The results for Canada from the North American Free Trade Agreement include all of the following except

Lingo Media has an arrangement with the state-owned People's Education Press in China,the market leader in providing textbooks to Chinese schools.Lingo has chosen the ____________ form of international organizational structure.

Discuss the theory of national competitive advantage.

The key factor in national competitive advantage is the population of a country.

Identify and describe the three potential barriers to international trade.

If the Canadian dollar rises,our balance of trade will most likely ________ resulting in a(n)________ of jobs in the export industry.

Saudi oil and Canadian timber are examples of

What are local-content laws? What do they imply for a country wanting to do business?

Why might social and cultural differences cause conflict to firms exporting their products?

With regard to the issue of free trade,it is correct to say that

If Japan's total exports are $12 billion and total imports are $4 billion,then this is called

Other than the Canada-U.S.Free Trade Agreement and NAFTA,identify some of the other free trade agreements in the Americas.

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters

If the Canadian dollar rises,our balance of trade will most likely resulting in a(n) of jobs in the export industry.