Which of the following BEST demonstrates that different countries have different attitudes toward work?
different religious traditions
different aesthetic norms
different vacation policies
different language standards
different cultural customs
.
5 points
Question 2
International businesses prefer ________ economies to ________ economies because the bureaucratic hassles associated with government intervention drive costs up.
state-run; free market
free market; state-run
socialized; free market
state-run; socialized
socialized; state-run
.
5 points
Question 3
A term that describes the movement of production away from a domestic production site to a foreign location is ________ outsourcing.
domestic
offshore
production
onshore
in-house
.
5 points
Question 4
A U.S. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. For the U.S., this is an example of a(n) ________ of international trade.
benefit
cost
theory
cause
incentive
.
5 points
Question 5
U.S importers prefer a(n) ________ dollar.
international
weak
depreciating
strong
steady
.
5 points
Question 6
The nation of South Pi is experiencing rapid increases in business activity, but still lacks sufficient infrastructure and modern communication systems. Which challenge to conducting international business is the PRIMARY one faced by exporters to Pi?
nonconvertible currency
government economic policies
economic growth and development
socioeconomic factors
cultural behaviors of a community
.
5 points
Question 7
The nation of North Xi has a ________ currency that cannot be exchanged in a foreign exchange market.
countertrade
nonconvertible
flexible
fixed
freely floating
.
5 points
Question 8
If the U.S. has the ability to produce more steel than any other country in the world, the U.S. has a(n) ________ advantage in steel production.
relative
globalized
absolute
comparative
artificial competitive
.
5 points
Question 9
In order to enter the Spanish market, a Moroccan firm establishes a store that is entirely owned by the Moroccan firm. This is an example of a(n) ________.
strategic alliance
wholly owned subsidiary
exporting agreement
joint venture
contract manufacturing arrangement
.
5 points
Question 10
All of the following contribute to accelerating globalization EXCEPT ________.
a growing role for developing nations
a rise in non-U.S. foreign direct investment
an increase in democratization
a rise in multinational enterprises
an increase in trade and investment barriers
.
5 points
Question 11
What would prompt a nation to invest in a sovereign wealth fund (SWF)?
trade deficit
trade surplus
trade balance
trade growth
trade embargo
.
5 points
Question 12
An American executive who studies Italian before making a sales trip to Rome is showing consideration for ________.
language
attitudes
religion
aesthetics
protocol
.
5 points
Question 13
Airbus competes on the basis of price while selling a standardized or homogeneous product. The company is using a ________ strategy.
transnational
global
multidomestic
domestic
national
.
5 points
Question 14
The link between labor costs in China and the price of MP3 music players in the U.S. is an example of ________.
localization
monetization
globalization
nationalization
multiculturalism
.
5 points
Question 15
Aesthetics encompasses all of the following EXCEPT ________.
etiquette
religion
language
protocol
customs
.
5 points
Question 16
An example of currency ________ would be if the value of the U.S dollar rises against the Malagasy ariary (the currency of Madagascar).
internalization
globalization
appreciation
depreciation
exchange
.
5 points
Question 17
An American businessperson who demonstrates sensitivity to and appreciation for Chilean culture possesses ________.
cross-cultural detachment
cross-cultural awareness
ethnocentrism
cultural intervention
jingoism
.
5 points
Question 18
Cooperative arrangements between actual or potential competitors in which each partner retains its business independence are known as ________.
contract manufacturing
licensing agreements
turnkey projects
strategic alliances
wholly owned subsidiaries
.
5 points
Question 19
The ratio at which Australian dollars are converted into Indonesian rupiah is known as the ________ rate.
interest
exchange
international
export
depreciation
.
5 points
Question 20
U.S. exporters prefer a(n) ________ dollar.
strong
appreciating
exchange
weak
strengthening
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