Exam 5: The Global Context of Business

When Walmart was forced to stop refunding price differences on items sold for less by other stores because the practice is illegal in Germany,Walmart discovered the effect of

The Transparency International "Corruption Perceptions Index" showed that the least corrupt countries are ________,and the most corrupt countries are ________.

Supporters of free trade in Canada argued all of the following except

Other things being equal,an increase in our exports to the rest of the world will improve Canada's balance of payments situation.

Which of the following social or cultural differences would a Canadian exporter of refrigerators to Europe have to deal with?

Your television set,your shoes,even the roast lamb on your dinner table is likely to be the result of

Due to its capital-intensive and efficient land use,Canada has a(n)________ in farming.

In some South American countries,it may be legal to bribe businesses and government officials,but this practice is illegal in Canada.This barrier to international trade is known as

A nation's balance of trade is

What are the three major marketplaces in the contemporary world economy?

If a Canadian architect designs a house in Brazil,this is an example of an import of a service.

When Bob began exporting his famous barbecue beef he found that one country would let him bring only 1000 pounds of beef into the country each year.Bob had just discovered a(n)

A licensing arrangement exists when the owner of a product or process allows another business to produce,distribute,or market it for a fee or royalty.

Importing and exporting represent the lowest level of involvement in international operations.

With regard to exchange rates,it is correct to say that

Because it improves the economies to such a great extent,governments generally encourage unrestricted trade with foreign countries.

Canada ranks first among the G8 countries in the proportion of its production that is exported.

Countries tend to export products that they can produce better or less expensively than other countries,and import products they cannot produce as effectively.

According to the World Bank,high-income countries include all of the following except

________ is an example of an export of a service.