Question 1

Since patent and copyright laws are the same in all nations,they are not of much impact to firms that compete globally.

Accepted Answer

A) True 
 B)False

Question 2

In volume of exports,the two leading nations are:

Accepted Answer

A)   U.S.and China.
B)   U.S.and Canada.
C)   China and Germany.
D)   China and France.

Question 3

The "second wave" of offshore outsourcing refers to:

Accepted Answer

A)   moving jobs to South America in addition to China.
B)   moving skilled service jobs such as those in accounting offshore.
C)   moving jobs to India in addition to China.
D)   moving manufacturing jobs offshore.

Question 4

Opponents of The North American Free Trade Agreement (NAFTA)warned that it would have serious economic consequences such as the loss of U.S.jobs.

Accepted Answer

A) True 
 B)False

Question 5

Trade experts' concerns about trading with China include:

Accepted Answer

A)   its small population size compared to other nations,which puts doubt in business people's minds about the worthiness of the investment.
B)   its political system,counterfeiting activities,and human rights abuses.
C)   its ties with organized labor unions.
D)   its economic philosophy that has changed from free markets to command economies.

Question 6

The complete ban on the sale of Cuban cigars in the United States is an example of an import quota.

Accepted Answer

A) True 
 B)False

Question 7

Global trade with China is:

Accepted Answer

A)   too risky and not worth the effort.
B)   illegal based on World Trade Organization (WTO) rulings.
C)   an emerging business opportunity for several companies.
D)   dependent upon the success of multinational corporations.

Question 8

As you round out your final year at the university,you are trying to decide on the last two business electives you need to take.You are leaning toward international marketing and international financing because you recall reading that Forrester Research estimates that more than three million jobs could move to global markets in the next ten years.

Accepted Answer

A) True 
 B)False

Question 9

China is currently one of the three largest exporters in the world today.

Accepted Answer

A) True 
 B)False

Question 10

Describe and provide examples of four different strategies for reaching global markets.

Accepted Answer

There are several strategies a firm can ...

Question 11

Monique's Unique Tile Boutique offers decorative tile from around the world.The owner regularly travels overseas to locate the best and most unusual tile that foreign producers have to offer.Monique participates in ____________.

Accepted Answer

A)   importing
B)   licensing
C)   dumping
D)   exporting

Question 12

Traders in the 18th century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade.Nations attempted to sell more goods to other nations than they bought from other nations.This approach to global trading is called:

Accepted Answer

A)   Ethnocentrism.
B)   Mercantilism.
C)   Protectionism.
D)   Isolationism.

Question 13

A United States firm recently won a large contract with a company in Malaysia,by providing the foreign nation's government officials with American cars and a promise of additional monetary gifts.Clearly,this procedure:

Accepted Answer

A)   violates the Foreign Corrupt Practices Act.
B)   violates the Fair and Balanced Competitive Practices Act.
C)   defines the common business practices of the foreign nation and should be respected.
D)   defines the terms of the business contract,and as long as both parties sign,the agreement is binding.

Question 14

Another name for a common market is:

Accepted Answer

A)   FTA.
B)   Trading bloc.
C)   Continental community.
D)   Economic cooperative.

Question 15

Importing is the selling of products to another country.

Accepted Answer

A) True 
 B)False

Question 16

The Tsingtao Brewing company pays a fee to Anheuser-Busch for the right to brew and distribute Budweiser in China.Tsingtao is the licensor and the fee paid is a royalty.

Accepted Answer

A) True 
 B)False

Question 17

The principle of mercantilism encouraged nations to keep economics separate from politics.

Accepted Answer

A) True 
 B)False

Question 18

When Anheuser-Busch/In Bev sells Budweiser beer made in St.Louis,MO. ,to Germany,the sales of its product would be classified as a U.S.___________.

Accepted Answer

A)   countertrade arrangement
B)   export
C)   import
D)   foreign aid shipment

Question 19

Expropriation occurs when a host government takes over the assets of a foreign company.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is included when calculating a country's balance of payments?

Accepted Answer

A)   Foreign aid
B)   Domestic unemployment
C)   Domestic inflation rates
D)   Foreign inflation rates

Exam 3: Doing Business in Global Markets

Which of the following is included when calculating a country's balance of payments?

Correct Answer
verified

Correct Answer
verified

Monique's Unique Tile Boutique offers decorative tile from around the world.The owner regularly travels overseas to locate the best and most unusual tile that foreign producers have to offer.Monique participates in ____________.

Correct Answer
verified

Traders in the 18^th century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade.Nations attempted to sell more goods to other nations than they bought from other nations.This approach to global trading is called:

Correct Answer
verified

The principle of mercantilism encouraged nations to keep economics separate from politics.

Correct Answer
verified

Another name for a common market is:

Correct Answer
verified

Expropriation occurs when a host government takes over the assets of a foreign company.

Correct Answer
verified

In volume of exports,the two leading nations are:

Correct Answer
verified

Trade experts' concerns about trading with China include:

Correct Answer
verified

A United States firm recently won a large contract with a company in Malaysia,by providing the foreign nation's government officials with American cars and a promise of additional monetary gifts.Clearly,this procedure:

Correct Answer
verified

The complete ban on the sale of Cuban cigars in the United States is an example of an import quota.

Correct Answer
verified

When Anheuser-Busch/In Bev sells Budweiser beer made in St.Louis,MO. ,to Germany,the sales of its product would be classified as a U.S.___________.

Correct Answer
verified

The Tsingtao Brewing company pays a fee to Anheuser-Busch for the right to brew and distribute Budweiser in China.Tsingtao is the licensor and the fee paid is a royalty.

Correct Answer
verified

The "second wave" of offshore outsourcing refers to:

Correct Answer
verified

China is currently one of the three largest exporters in the world today.

Correct Answer
verified

Global trade with China is:

Correct Answer
verified

Opponents of The North American Free Trade Agreement (NAFTA)warned that it would have serious economic consequences such as the loss of U.S.jobs.

Correct Answer
verified

Since patent and copyright laws are the same in all nations,they are not of much impact to firms that compete globally.

Correct Answer
verified

Describe and provide examples of four different strategies for reaching global markets.

Correct Answer
verified
There are several strategies a firm can ...
View Answer

Importing is the selling of products to another country.

Correct Answer
verified

Exam 3: Doing Business in Global Markets

Which of the following is included when calculating a country's balance of payments?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Monique's Unique Tile Boutique offers decorative tile from around the world.The owner regularly travels overseas to locate the best and most unusual tile that foreign producers have to offer.Monique participates in ____________.

Correct AnswerverifiedShow Answer

Traders in the 18th century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade.Nations attempted to sell more goods to other nations than they bought from other nations.This approach to global trading is called:

Correct AnswerverifiedShow Answer

The principle of mercantilism encouraged nations to keep economics separate from politics.

Correct AnswerverifiedShow Answer

Another name for a common market is:

Correct AnswerverifiedShow Answer

Expropriation occurs when a host government takes over the assets of a foreign company.

Correct AnswerverifiedShow Answer

In volume of exports,the two leading nations are:

Correct AnswerverifiedShow Answer

Trade experts' concerns about trading with China include:

Correct AnswerverifiedShow Answer

A United States firm recently won a large contract with a company in Malaysia,by providing the foreign nation's government officials with American cars and a promise of additional monetary gifts.Clearly,this procedure:

Correct AnswerverifiedShow Answer

The complete ban on the sale of Cuban cigars in the United States is an example of an import quota.

Correct AnswerverifiedShow Answer

When Anheuser-Busch/In Bev sells Budweiser beer made in St.Louis,MO. ,to Germany,the sales of its product would be classified as a U.S.___________.

Correct AnswerverifiedShow Answer

The Tsingtao Brewing company pays a fee to Anheuser-Busch for the right to brew and distribute Budweiser in China.Tsingtao is the licensor and the fee paid is a royalty.

Correct AnswerverifiedShow Answer

The "second wave" of offshore outsourcing refers to:

Correct AnswerverifiedShow Answer

China is currently one of the three largest exporters in the world today.

Correct AnswerverifiedShow Answer

Global trade with China is:

Correct AnswerverifiedShow Answer

Opponents of The North American Free Trade Agreement (NAFTA)warned that it would have serious economic consequences such as the loss of U.S.jobs.

Correct AnswerverifiedShow Answer

Since patent and copyright laws are the same in all nations,they are not of much impact to firms that compete globally.

Correct AnswerverifiedShow Answer

Describe and provide examples of four different strategies for reaching global markets.

Correct AnswerverifiedThere are several strategies a firm can ...View AnswerShow Answer

Importing is the selling of products to another country.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Traders in the 18^th century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade.Nations attempted to sell more goods to other nations than they bought from other nations.This approach to global trading is called:

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
There are several strategies a firm can ...
View Answer

Correct Answer
verified