1. After a natural disaster, an organization ranks the affected countries in terms of their gross national income and provides assistance to the lowest-ranking countries first. Which of the following countries would most likely receive aid first? (Points : 4)
Japan
Cambodia
Thailand
Indonesia
2. Olive oil made in Italy and sold in the United States is an example of which of the following? (Points : 4)
Global brand
U.S. export
U.S. import
standardized product
3. Both absolute and comparative advantage theories assume that ________ is the only resource used in the production process. (Points : 4)
land
labor
capital
information
4. Which of the following refers to the process whereby cultural traits spread from one culture to another? (Points : 4)
Cultural imperialism
Social mobility
Cultural diffusion
Cultural literacy
5. The Foreign Corrupt Practices Act forbids U.S. companies from ________ government officials or political candidates in other nations. (Points : 4)
lobbying
influencing
bribing
contacting
6. A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in multiple countries is called a ________. (Points : 4)
born global firm
multinational corporation
multi-regional
company direct exporter
6. A limit placed on the quantity of an imported product is known as which of the following? (Points : 4)
Import sanction
Tariff
Embargo
Nontariff barrier
7. The sale of government-owned economic resources to private operators is called ________. (Points : 4)
the price mechanism
laissez-faire
economics privatization
guanxi
8. All of the following are benefits of acquisitions EXCEPT the ________. (Points : 4)
acquisition of goodwill the company has built up over the years
acquisition of the brand recognition of the existing company
ability to use alternate methods to finance the purchase of the company
acquisition of a plant or physical facility with obsolete equipment
9. Laissez-faire economics refers to which of the following? (Points : 4)
Less government interference in commerce and greater individual economic freedom
A centrally planned economic system
Government-controlled commerce and individual control effort
Creating monopolies through government partnership
10. ________ occurs between different states, regions, or cities within a country. (Points : 4)
Domestic trade
Foreign direct investment
International trade
Mercantilism
11. ________ makes the world market more accessible for companies that sell traditional products by lessening the cost and difficulties associated with global communication. (Points : 4)
Technology
Merger-mania
Licensing
Financial capital
12. In marketing a single car to customers in Italy, Spain, and the new foreign market, which of the following is most likely to help Ciao reduce its marketing costs? (Points : 4)
Seeking sales growth in a fourth market
Creating TV ads in a single language
Standardizing certain marketing activities
Decentralizing control over its marketing
13. The government of which of the following countries is currently a mix of communism and right-wing totalitarianism? (Points : 4)
India
Iran
Kenya
China
14. Critics of globalization argue that globalization causes environmental conditions to ________. (Points : 4)
increase gradually
remain at status quo levels
decline slightly, then level off
decline significantly
15. All of the following transactions are recorded in the current account of the United States EXCEPT ________. (Points : 4)
import of goods
sale of U.S. assets
income payments on foreign assets in the United States
income receipts on U.S. assets abroad
16. Investment by multinational companies benefits developing and newly industrialized countries in all the following ways EXCEPT ________. (Points : 4)
transfer of technology
decreased tax revenues
decreased unemployment
training to create a more highly skilled workforce
17. A country's GNP per capita is its GNP divided by its ________. (Points : 4)
revenues
population
profits
human development
18. Political systems can be characterized by ________. (Points : 4)
why people participate in them
the number of corruption charges brought forward by the judicial system
the geography and the environmental sciences of the country
who participates in them and to what extent they participate
19. The theory of ________ measures a nation's wealth by the living standards of its people. (Points : 4)
mercantilism
factor proportions
absolute advantage
relativity
Japan
Cambodia
Thailand
Indonesia
2. Olive oil made in Italy and sold in the United States is an example of which of the following? (Points : 4)
Global brand
U.S. export
U.S. import
standardized product
3. Both absolute and comparative advantage theories assume that ________ is the only resource used in the production process. (Points : 4)
land
labor
capital
information
4. Which of the following refers to the process whereby cultural traits spread from one culture to another? (Points : 4)
Cultural imperialism
Social mobility
Cultural diffusion
Cultural literacy
5. The Foreign Corrupt Practices Act forbids U.S. companies from ________ government officials or political candidates in other nations. (Points : 4)
lobbying
influencing
bribing
contacting
6. A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in multiple countries is called a ________. (Points : 4)
born global firm
multinational corporation
multi-regional
company direct exporter
6. A limit placed on the quantity of an imported product is known as which of the following? (Points : 4)
Import sanction
Tariff
Embargo
Nontariff barrier
7. The sale of government-owned economic resources to private operators is called ________. (Points : 4)
the price mechanism
laissez-faire
economics privatization
guanxi
8. All of the following are benefits of acquisitions EXCEPT the ________. (Points : 4)
acquisition of goodwill the company has built up over the years
acquisition of the brand recognition of the existing company
ability to use alternate methods to finance the purchase of the company
acquisition of a plant or physical facility with obsolete equipment
9. Laissez-faire economics refers to which of the following? (Points : 4)
Less government interference in commerce and greater individual economic freedom
A centrally planned economic system
Government-controlled commerce and individual control effort
Creating monopolies through government partnership
10. ________ occurs between different states, regions, or cities within a country. (Points : 4)
Domestic trade
Foreign direct investment
International trade
Mercantilism
11. ________ makes the world market more accessible for companies that sell traditional products by lessening the cost and difficulties associated with global communication. (Points : 4)
Technology
Merger-mania
Licensing
Financial capital
12. In marketing a single car to customers in Italy, Spain, and the new foreign market, which of the following is most likely to help Ciao reduce its marketing costs? (Points : 4)
Seeking sales growth in a fourth market
Creating TV ads in a single language
Standardizing certain marketing activities
Decentralizing control over its marketing
13. The government of which of the following countries is currently a mix of communism and right-wing totalitarianism? (Points : 4)
India
Iran
Kenya
China
14. Critics of globalization argue that globalization causes environmental conditions to ________. (Points : 4)
increase gradually
remain at status quo levels
decline slightly, then level off
decline significantly
15. All of the following transactions are recorded in the current account of the United States EXCEPT ________. (Points : 4)
import of goods
sale of U.S. assets
income payments on foreign assets in the United States
income receipts on U.S. assets abroad
16. Investment by multinational companies benefits developing and newly industrialized countries in all the following ways EXCEPT ________. (Points : 4)
transfer of technology
decreased tax revenues
decreased unemployment
training to create a more highly skilled workforce
17. A country's GNP per capita is its GNP divided by its ________. (Points : 4)
revenues
population
profits
human development
18. Political systems can be characterized by ________. (Points : 4)
why people participate in them
the number of corruption charges brought forward by the judicial system
the geography and the environmental sciences of the country
who participates in them and to what extent they participate
19. The theory of ________ measures a nation's wealth by the living standards of its people. (Points : 4)
mercantilism
factor proportions
absolute advantage
relativity
