Question 1

The agreement signed in 1994 between Canada, the U.S., and Mexico, which has created a largely free-trade zone between these three nations with all tariffs eliminated as of 2003, is:

Accepted Answer

A)  GATT. 
B)  NAFTA. 
C)  FTAA. 
D)  WTO.

Question 2

Which of the following statements about the fab lab is false?

Accepted Answer

A)  It is a collection of commercially available machines that can be used to make anything with features smaller than those of a computer chip. 
B)  It includes a laser cutter that makes two-dimensional and three-dimensional structures. 
C)  It contains a miniature milling machine that maneuvers a cutting tool in three dimensions to make circuit boards and other precision parts. 
D)  The components can machine objects with precision within one-millionth of a meter.

Question 3

Tariffs are defined as taxes on exported goods.

Accepted Answer

A) True 
 B)False

Question 4

The process of applying management concepts and techniques in a multinational environment is called international management.

Accepted Answer

A) True 
 B)False

Question 5

List some of the major provisions of the Sarbanes-Oxley Act.

Accepted Answer

The answer of List some of the major provisions of...

Question 6

The greatest opportunity for the poor around the world is:

Accepted Answer

A)  tariffs. 
B)  subsidies. 
C)  free trade. 
D)  protectionism.

Question 7

In lending to different nations, the World Bank typically imposes standards of behaviors that require the country to conduct certain reforms.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following focuses on the macro approach to operating internationally?

Accepted Answer

A)  Global trade 
B)  International management 
C)  Global business strategy 
D)  International business

Question 9

A new technological innovation, product, service or business model that overturns the existing dominant innovation or technological standard in the marketplace is called a(n):

Accepted Answer

A)  de facto innovation. 
B)  evolutionary innovation. 
C)  sustainable innovation. 
D)  disruptive innovation.

Question 10

International business focuses on how individuals manage a global business.

Accepted Answer

A) True 
 B)False

Question 11

Business ethics is, in part, concerned with understanding the firm's stakeholders and their needs and desires.

Accepted Answer

A) True 
 B)False

Question 12

The greatest opportunity for the poor around the world is protectionism.

Accepted Answer

A) True 
 B)False

Question 13

_____ occurs when activities that were once part of a company's internal operation, are performed by other firms outside of the U.S. at a lower cost.

Accepted Answer

A)  Offshoring 
B)  Outsourcing 
C)  Telecommuting 
D)  Open-sourcing

Question 14

A sustaining innovation is an innovation that changes the economics or technological standard of an industry.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following was one of the original members of the EU?

Accepted Answer

A)  Poland 
B)  Denmark 
C)  Austria 
D)  Belgium

Question 16

The Japan-Thailand Trade Agreement went beyond established regional trade agreements and allowed Thailand greater access to rice grown in Japan.

Accepted Answer

A) True 
 B)False

Question 17

The countries that are part of the WTO are committed to the promotion of trade.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction to International Management

The agreement signed in 1994 between Canada, the U.S., and Mexico, which has created a largely free-trade zone between these three nations with all tariffs eliminated as of 2003, is:

Which of the following statements about the fab lab is false?

Tariffs are defined as taxes on exported goods.

The process of applying management concepts and techniques in a multinational environment is called international management.

List some of the major provisions of the Sarbanes-Oxley Act.

The greatest opportunity for the poor around the world is:

In lending to different nations, the World Bank typically imposes standards of behaviors that require the country to conduct certain reforms.

Which of the following focuses on the macro approach to operating internationally?

A new technological innovation, product, service or business model that overturns the existing dominant innovation or technological standard in the marketplace is called a(n) :

International business focuses on how individuals manage a global business.

Business ethics is, in part, concerned with understanding the firm's stakeholders and their needs and desires.

The greatest opportunity for the poor around the world is protectionism.

_____ occurs when activities that were once part of a company's internal operation, are performed by other firms outside of the U.S. at a lower cost.

A sustaining innovation is an innovation that changes the economics or technological standard of an industry.

Which of the following was one of the original members of the EU?

The Japan-Thailand Trade Agreement went beyond established regional trade agreements and allowed Thailand greater access to rice grown in Japan.

The countries that are part of the WTO are committed to the promotion of trade.