Deck 19: New Horizons

Question 1

The World Trade Organization states that 2.6 billion people live on less than ________ per day.

A)$1
B)$2
C)$3
D)$4
E)$5

Answer 1

B

Question 2

________ and ________ are expected to be the countries in Asia that will increase their growth and impact on the world in coming years.

A)Turkey; Jordan
B)India; China
C)Russia; Taiwan
D)Pakistan; Vietnam
E)Iraq; Iran

Answer 2

B

Question 3

Globally,corruption is estimated to comprise between ________ and ________ percent of contract amounts.

A)5; 20
B)20; 30
C)40; 50
D)55; 60
E)70; 80

Answer 3

A

Question 4

The United States' Foreign Corrupt Practices Act (FCPA)does which of the following?

A)Makes bribes tax deductible
B)Prohibits U.S.companies from trading with countries known to bribe
C)Allows bribing to be commonplace
D)Makes it illegal for publicly held companies to bribe foreign officials
E)Makes it illegal for privately held firms to bribe foreign officials

Question 5

Which is NOT true of the international financial environment?

A)Emerging markets play a smaller role in global finance due to their lack of income and resources.
B)The global financial system has experienced dramatic change.
C)Governments across the globe have increased their roles in the financial system.
D)There is an expectation that returning the economy to a stronger pattern of growth may take years.
E)Developed nations have a strong incentive to help the debtor nations.

Question 6

In the western world,the time from ________ through ________ was characterized by commonality of purpose.

A)1800; 1880
B)1900; 1915
C)1930; 1940
D)1945; 1990
E)2000; 2009

Question 7

While most western nations experienced economic decline in 2009,those in ________ grew.

A)Africa
B)the Middle East
C)Australia
D)Asia
E)Antarctica

Question 8

Of the following,which was NOT a consequence of the global economic crisis that began in 2008?

A)Public anger and frustration
B)A decrease in the amount of governmental influence in the private sector
C)Increased regulation of complex financial instruments
D)Limitation on the size of banks
E)Increased political pressure to correct currency and trade imbalances

Question 9

Specific acts or mechanisms that set off reactions are called ________.

A)catalysts
B)trigger mechanisms
C)activators
D)starters
E)instigators

Question 10

Terrorism is universal in its detrimental effects on nations.However,it may have exaggerated consequences in developing nations particularly in________.

A)North America,South America,and Europe
B)Australia,the Middle East,and Africa
C)the Middle East,Africa,and central Asia
D)North America,Europe,and central Asia
E)South America,Africa,and Europe

Question 11

Of the following,which is NOT a macro issue that may help global cultures to assimilate?

A)Accountability
B)Performance expectations
C)Freedom accorded within society
D)Culture clashes
E)Product preferences

Question 12

Of the following,which is a new factor working in favor of Southern Hemisphere nations?

A)Increased demand for fish and fresh foods from Somalia
B)Decreased demand for fresh water from countries in the Middle East
C)Increased demand for coal and silver from Russia
D)Decreased demand of oil and gold from the United States
E)Increased demand for minerals and commodities from China

Question 13

Trade practices such as governmental subsidization,dumping,and industrial targeting will:

A)Help the unemployed find a job
B)No longer be the problem of the government
C)Be an effective way to boost the global economy
D)Be encouraged by the government
E)Suffer swift and harsh punishment

Question 14

In early 2009,________ overtook the United States as the largest auto market.

A)Japan
B)Germany
C)China
D)Canada
E)India

Question 15

The World Bank estimated that ________ percent of the world's 107 developing countries were "highly exposed" to the global economic crisis that began in 2008.

A)20
B)40
C)60
D)80
E)100

Question 16

Alistair Darling,the U.K.finance minister,announced a 50 percent tax on all U.K.bank bonuses above US$40,000.This tax,called the ________,was scheduled to be applied in 2010.

A)supertax
B)income tax
C)indirect tax
D)direct tax
E)withholding tax

Question 17

Of the following,which is a consequence of corruption?

A)Reduction of competition
B)Increases in prices
C)Lessening of product quality
D)Deprivation of those who lose out on the goods,services,or funding
E)All of the above

Question 18

Due to an unwillingness to share resources and technology sufficiently (or excessively,depending on the point of view),the developing nations of the world may become increasingly hostile toward one another.This is referred to as the ________ scenario.

A)cooperation
B)isolation
C)confrontation
D)segregation
E)collaboration

Question 19

Actions taken by governments to protect the environment and resources of a country are called ________.

A)environmental protections
B)green policies
C)Earth-friendly policies
D)sustainability policies
E)corporate social responsibilities

Question 20

________ refers to mechanisms used to influence and alter trade relationships.

A)Trigger mechanisms
B)Trade policy measures
C)Persuasion
D)Influence
E)Power

Question 21

TOMS Shoes has a program in Argentina that demonstrates best practices in supplier management.The company provides shoes to disadvantaged people including children and disaster victims,aiding in the prevention of foot-borne infections,and providing mobility for children to gain education.TOMS Shoes is a leader in ________.

A)corporate social responsibility
B)sustainability
C)mass customization
D)going green
E)recycling

Question 22

Of the following,which is true of distribution strategies?

A)More sophisticated distribution systems will introduce new uncertainties and fragilities into corporate planning.
B)Just-in-time inventory systems expose firms to more risk due to distribution interruptions.
C)International cargo security starts well before the shipping begins.
D)The link to distribution systems is crucial to international firms on the business-to-business level.
E)All of the above are true.

Question 23

An attempt to control rapid increases in population and ensure that economic development exceeds population growth is called ________.

A)population balance
B)population stabilization
C)population shrinkage
D)population control
E)population management

Question 24

It has been reported that in the state of Haryana,India,there are just 820 girls born for every 1,000 boys.Girls of marriageable age are in short supply.In India,there is a concern over ________.

A)population balance
B)population stabilization
C)population shrinkage
D)population control
E)population management

Question 25

Executives at Apple were aware that the demand for their latest phone,the iPhone 4,would be high.As a result,the company set a high price for the product before it was even introduced to the market.Apple engaged in ________.

A)backward pricing
B)forward pricing
C)vertical pricing
D)horizontal pricing
E)diagonal pricing

Question 26

________ requires working with existing product technology to create specific product bundles for a particular customer,resulting in tailor-made jeans or a customized car.

A)Universal uniqueness
B)One-of-a-kind customization
C)Rarity
D)Mass customization
E)Forward pricing

Question 27

According to the Georgetown University Office of Overseas studies,which of the following should students studying abroad NOT do?

A)Look and sound like a tourist
B)Learn from mistakes
C)Learn key phrases in the local language
D)Dress,speak,and behave conservatively to avoid misunderstandings
E)Keep a sense of humor

Question 28

To operate an organization in a manner which will both assure a profitable and sustainable future for the organization's primary stakeholders while having positive and managed impacts on both society and the environment is known as ________.

A)corporate social responsibility
B)sustainability
C)mass customization
D)going green
E)recycling

Question 29

________ now has the highest online population with 738 million people.

A)North America
B)Asia
C)Australia
D)Europe
E)Africa

Question 30

Of the following,which is a potential disadvantage of the Internet?

A)Starting a new business is much easier.
B)Businesses in developing countries can overcome many of the obstacles of infrastructure.
C)One complaint can easily be developed into millions of complaints.
D)Information and technology are not bound to any region or country.
E)It is easier for new global retail brands to emerge.

Question 31

Total accumulated negative net investment of a nation is known as ________.

A)country-wide debt load
B)domestic debt load
C)international debt load
D)national debt
E)foreign debt load

Question 32

The interaction of factors in nature and society which determine the longevity and continuity of an approach is called ________.

A)the population balance
B)sustainability
C)mass customization
D)going green
E)ethical responsibility

Question 33

Countries such as ________ offer large pools of skilled labor at rates much lower than in the United States.

A)France
B)Austria
C)Israel
D)Japan
E)Germany

Question 34

An increase will occur in the trend toward ________.

A)strategic alliances
B)sole proprietorships
C)franchises
D)licenses
E)limited liability companies

Question 35

In the European Union,companies selling electrical goods products must conform to WEEE (the Waste Electrical and Electronic Equipment Directive)and provide methods for the collection and recycling of equipment,including such things as ink cartridges for printers.Such regulations are efforts to increase ________.

A)the population balance
B)sustainability
C)mass customization
D)going green
E)ethical responsibility

Question 36

Most affected by communications advances will be members of the ________ sector.

A)manufacturing
B)agricultural
C)mining
D)services
E)transportation

Question 37

________ and ________ are the most popular fields of study for the 623,000 international students at American universities.

A)Psychology; sociology
B)Politics; law
C)Biology; chemistry
D)Engineering; physics
E)Business; management

Question 38

Setting the price of a product based on its anticipated demand before it has been introduced to the market is referred to as ________.

A)backward pricing
B)forward pricing
C)vertical pricing
D)horizontal pricing
E)diagonal pricing

Question 39

Of the following,which is NOT true concerning opportunities for women in global management?

A)Women have the advantage of added visibility.
B)Women have the advantage of increased access to clients.
C)Female expatriates are seen as local women.
D)Larger companies send more women overseas than smaller companies.
E)The banking and electronics industries utilize greater numbers or percentages of women expatriates.

Question 40

________ will be the key determinant in the coming years of a currency's value.

A)War
B)Demographics
C)Natural resources
D)Market forces
E)Government action

Question 41

Worldwide introduction of products will occur much more slowly in the future.

Question 42

Firms often hire new employees at the starting level and immediately place him or her in a position of international responsibility.

Question 43

Emerging markets and developing countries will have less of a say in the global economic system in the coming years.

Question 44

History indicates that cultures are relatively the same over time,with conflict the exception rather the norm.

Question 45

The population discrepancy between less-developed nations and the industrialized countries will continue to decrease.

Question 46

The distinction between developed and less-developed countries is likely to change in the near future.

Question 47

The dollar will remain one of the major international currencies with little probability of gold returning to its former status in the near future.

Question 48

Information and knowledge are not bound to any region or country.

Question 49

Setting the price of a product based on its anticipated demand before it has been introduced to the market is called anticipatory pricing.

Question 50

Due to increased governmental laws and regulations,bribery no longer exists.

Question 51

Export control reform is necessary.

Question 52

Paying a foreign government (official)to do something they should not be doing is a form of corruption.

Question 53

By mid-century the world urban population will likely be the same size as the world's total population in 2004.

Question 54

The China-ASEAN free trade agreement established the world's third largest economic bloc behind the European Union and NAFTA.

Question 55

The World Trade Organization states that 2.6 billion people live on less than $2 per day.

Question 56

Competitive issues are short-term in nature while trade balance issues are much more long-term.

Question 57

Global change results in an increase in risk.

Question 58

Female expatriates are not seen as local women,but rather as "foreigners who happen to be women."

Question 59

When students study abroad,they should avoid trying to re-create America in their host country.

Question 60

The international business environment in increasingly characterized by high speed bordering on instantaneity.

Question 61

Explain the emerging international markets.

Question 62

Briefly discuss what is meant by the North-South relationship.

Question 63

________ refers to working with existing product technology to create specific product bundles,resulting in a customized product for a particular customer.

Question 64

The interaction of factors in nature and society which determine the longevity and continuity of an approach is called ________.

Question 65

To operate an organization in a manner which will both assure a profitable and sustainable future for the organization's primary stakeholders while having positive and managed impacts on both society and the environment is known as ________.

Question 66

Discuss the increased role of government in the international business environment since the global financial crisis began in 2008.

Question 67

A concern in some countries where the population is being skewed by a preference for male children is known as ________.

Question 68

Setting the price of a product based on its anticipated demand before it has been introduced to the market is referred to as ________.

Question 69

Actions taken by governments to protect the environment and resources of a country are known as ________.

Question 70

Explain corporate social responsibility.

Question 71

________ refers to an attempt to control rapid increases in population and ensure that economic development exceeds population growth.

Question 72

Define and briefly explain population stabilization and population balance.

Question 73

Total accumulated negative net investment of a nation is called ________.

Question 74

Specific acts or stimuli that set off reactions are called ________.

Question 75

________ refers to mechanisms used to influence and alter trade relationships.

Question 76

________ is a large Internet-based service firm.

Question 77

Worldwide introduction of products will occur much more slowly in the future.