Filters
Question type
Study Flashcards

Bob's Barbecue has expanded its operations to include several foreign countries. Bob has given individuals or organizations in those countries exclusive rights to market Bob's products. He has shared his secret recipe and trade secrets on how to produce the products. In return for this, Bob will receive a percentage of the revenues generated in each of the countries. Bob's arrangements are best described as a(n)


A) licensing arrangement.
B) independent agent.
C) strategic alliance.
D) direct investment.
E) branch office.

Correct Answer

verifed

verified

Robert has established a start-up business manufacturing a range of outdoor wear for the leisure market. Which possible scenario would best show that Robert is positioning his business for the global business market?


A) Robert launched a website for his business and hired two new employees to handle national and international shipping.
B) Robert launched a website and filmed a commercial for television and recorded a radio version for local stations.
C) Robert created a page for his business on a networking site and offered store coupons to his first 100 friends.
D) Robert had his website translated into Korean in order to better serve the local Korean community.
E) Robert took a full-page ad out in the state's official tourism brochure.

Correct Answer

verifed

verified

The difference between absolute and comparative advantages is that absolute advantage is relative to ________, while comparative advantage is relative to ________.


A) other nations; activity inside the country
B) similar industries; dissimilar industries
C) similar products; dissimilar products
D) activity inside the country; other nations
E) dissimilar products; similar products

Correct Answer

verifed

verified

What is protectionism? List and describe four protectionist measures.

Correct Answer

verifed

verified

Protectionism is the practice of protect...

View Answer

What are the advantages and disadvantages associated with a multinational corporation?

Correct Answer

verifed

verified

- Advantages: encouraged economic growth...

View Answer

Canada prohibits the importing of ivory from any foreign nation. This is a(n)


A) local content law.
B) subsidy.
C) tariff.
D) quota.
E) embargo.

Correct Answer

verifed

verified

E

Explain why fluctuations in exchange rates have a significant influence on the balance of trade.

Correct Answer

verifed

verified

When the value of a country's currency r...

View Answer

According to the World Bank, upper middle-income countries are defined as


A) those with per capita income between US$4126 and US$12 745.
B) those with per capita income between US$5210 and US$8210.
C) those with per capita income between US$765 and US$21 345.
D) those with per capita income between US$3595 and US$11 115.
E) those with per capita income between US$205 and US$9386.

Correct Answer

verifed

verified

Greencorp Ltd. sold the rights for production of 4 Star Soil to Soil X of Italy, and that company now produces the special mix of fertilized soil and sells it in Italy. This arrangement is called a(n)


A) independent agent.
B) licensing arrangement.
C) strategic alliance.
D) branch office.
E) equality relationship.

Correct Answer

verifed

verified

B

The Congo imported $150 billion worth of goods and services while exporting $175 billion to other countries. It has a


A) negative balance of payments.
B) comparative advantage.
C) positive balance of payments.
D) trade surplus.
E) trade deficit.

Correct Answer

verifed

verified

Fembooks Bookstore sells books only over the Internet. It has established an excellent reputation for finding out-of-print and hard-to-find books of interest to women. The CEO of Fembooks is considering going global with the business, since it is already established on the Internet. The vice-president further argues that more reasons exist for not expanding Fembooks on a global basis. Which of the following statements, if true, would not support the vice-president's argument?


A) Bandwidth variability can cause technical problems with ordering through the Internet.
B) Some countries require Internet users to pay by the minute, which further necessitates a rapid ordering and payment procedure.
C) Web censoring, which could impact feminist books, occurs in China, Saudi Arabia, Iran, and Malaysia.
D) The rate of access to computers is increasing on a global basis and now stands at 15 percent, with estimates increasing to 25 percent in the next two years.
E) Local Internet webpage writers would need to ensure that all offensive colors, words, and images were removed to ensure cultural adaptation.

Correct Answer

verifed

verified

Identify some of the free trade agreements located outside of the Americas and the countries involved in them.

Correct Answer

verifed

verified

Around the world, groups of nations are ...

View Answer

Lite Foods is a producer of breakfast cereals such as oatmeal and cornflakes, and its products can be found in nearly all supermarkets across Canada. Lite Foods now has its sights set on international shores, specifically the large Chinese consumer market. Company executives are currently debating the optimal route for the firm to enter the market. Which of the following, if true, would strengthen the argument for venturing into the Chinese market?


A) The affluent Chinese middle class is large and is quick to adopt western lifestyles and product preferences.
B) Growth in the United States cereal market continues to be strong.
C) The Chinese fixed exchange rate regime may change, which could mean a stronger Yuan that would affect Chinese exports.
D) Chinese food preferences are very slow to evolve.
E) China recently signed a free-trade agreement with the Association of Southeast Asian Nations (ASEAN) .

Correct Answer

verifed

verified

A

If Montrose Corp. purchases tangible assets in Germany, which international organizational structure is it using?


A) Independent agent
B) Licensing agreement
C) Foreign direct investment
D) Branch office
E) Strategic alliance

Correct Answer

verifed

verified

What is a trade deficit?

Correct Answer

verifed

verified

A trade deficit is a situation...

View Answer

In 2014, Canada had a trade surplus of $4.6 billion.

Correct Answer

verifed

verified

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

Correct Answer

verifed

verified

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

Correct Answer

verifed

verified

North Amer...

View Answer

When Manulife Financial entered the Chinese market, it made an agreement with Sinochem, a state-owned trading company. This is an example of


A) a strategic alliance.
B) world product mandating.
C) a licensing arrangement.
D) a branch office.
E) an independent agent.

Correct Answer

verifed

verified

The concept of absolute advantage focuses on cross-country comparisons, while the concept of relative advantage focuses more on the situation within a given country.

Correct Answer

verifed

verified

Showing 1 - 20 of 260

Related Exams

Exam 1

Understanding the Canadian Business System

250 Questions

Exam 2

The Environment of Business

235 Questions

Exam 3

Conducting Business Ethically and Responsibly

275 Questions

Exam 4

Entrepreneurship, Small Business, and New Venture Creation

243 Questions

Exam 6

Managing the Business Enterprise

271 Questions

Exam 7

Organizing the Business Enterprise

278 Questions

Exam 8

Managing Human Resources and Labour Relations

293 Questions

Exam 9

Motivating, Satisfying, and Leading Employees

319 Questions

Exam 10

Operations Management, Productivity, and Quality

300 Questions

Exam 11

Understanding Accounting

258 Questions

Exam 12

Understanding Marketing Principles and Developing Products

324 Questions

Exam 13

Pricing, Promotion, and Distributing Products

296 Questions

Exam 14

Money and Banking

226 Questions

Exam 15

Finacial Decisions and Risk Management

330 Questions

Show Answer