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    91) Jeans, Unlimited has designed a new line of accessories and must build a new facility to produce them. To avoid paying tariffs when importing raw materials for processing and when exporting finished goods, the company should consider locating its assembly plant in a(n) ________. A) developing country B) export processing zone C).
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    71) Which of the following terms is used to refer to widespread job turnover throughout an economy? A) Redeployment B) Churning C) Wage differentials D) Attrition spectrum   72) Trade unions claim that by permitting international firms to continually move to nations with relatively lower labor standards, globalization ________ labor's bargaining power and forces overall labor.
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  131) What factors help make some countries more global than others? Identify several highly global nations. 132) One argument in the debate surrounding globalization is about the inequality between nations. Discuss the major points of the inequality between nations argument and describe how falling barriers to trade and investment might help.
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    31.Failure rates for expatriate assignments have been reported to range from 25 to 45 percent.  True    False   32.Approximately 15 percent of expatriates leave their firms during the course of their overseas assignment, and an additional 28 percent leave their companies within a year of their return from abroad.  True    False   33.There is reverse culture shock when.
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  135) Globalization's impact on jobs and wages is an important topic for debate. Discuss the major points for globalization in the jobs and wages debate, and describe how the actions of large multinational corporations affect the issues in the jobs and wages debate. 136) Explain how technological innovation has benefitted entrepreneurs.         .
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    51) A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to ________. A) erect barriers to trade B) dismantle bilateral trade agreements C) govern exchange rates D) enforce world trade rules   52) Which of the following most likely represents the greatest accomplishment of the 1994.
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  129) Identify the World Trade Organization's (WTO) three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT). 130) Explain how technological innovation impacts globalization and how it is accelerating the process.                   .
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  99.Is triple-bottom-line accounting a reasonable approach to encourage businesses to take responsibility for the impact of their actions on social and environmental systems, or does it place an unrealistic burden on businesses to measure what may not be measurable?            100.How could an IC benefit from leading and lagging?              .
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    31.Multilateral netting reduces foreign exchange transaction costs.  True    False   32.Unanticipated shifts in exchange rates present risk to the international firm.  True    False   33.There are four main types of FX risk: transaction, translation, economic, and arbitrage exposure.  True    False   34.In exposure netting, a risk management technique similar to multilateral netting, the firm runs a centralized clearing account that matches and.
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    31) All goods and services purchased abroad and brought into a country are called ________. A) domestic products B) exports C) national products D) imports   32) Any commercial transaction that crosses the borders of two or more nations is known as ________. A) an export B) e-business C) international business D) an import 33) ________ are all goods and services.
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    111) The Globalization Index comprises a compilation of over a dozen variables within four categories, including political engagement, ________, personal contact, and economic integration. 112) Drivers of the first age of globalization (from the mid-1800s to the 1920s) included the steamship, telegraph, railroad, and later, the ________ and airplane.   113) ________ are.
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1) International business is any commercial transaction that crosses the borders of two or more nations.   2) Imports are goods and services purchased abroad and brought into a country.   3) Products marketed in all countries essentially without any changes are known as sourced products.   4) The term globalization of production refers to convergence.
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    61) According to the Globalization Index, which of the following is NOT one of the top 10 most globalized nations? A) Switzerland B) Canada C) United States D) Saudi Arabia   62) The world's least global nations account for approximately what percentage of the world's total population? A) 12% B) 36% C) 50% D) 88%   63) The first age of globalization.
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Essay Questions  91.Explain what a "global mindset" includes and why this may be important for international companies and their managers.            92.Explain the ethnocentric, polycentric, regiocentric, and geocentric approaches toward international human resource management, including when and how each is best used.                .
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    91.Tax liability on foreign earnings is controlled by:    A. the tax treaties in place between the two relevant countries.   B. the tax rates in the local jurisdictions.   C. how the foreign operations of a company are organized.   D. negotiations between the company and the host country.     92.What is a controlled foreign corporation?    A. A foreign company with one major stockholder in.
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    51.The effectiveness of every organization depends to a great extent on how well its:    A. human resources are utilized.   B. productionfacilities are operated.   C. financial resources are planned.   D. all of the above.   E. two of A, B, and C.     52.Qualifications for a good manager of an overseas operation should include:    A. all of B, C, and D.   B. being bicultural and bilingual.   C. knowing business practices.
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True / False Questions  1.The purpose of all accounting is to provide internal and external decision makers with the financial data they need to make their decisions.  True    False   2.There are three points at which operating in a foreign currency raises accounting issues: when transactions are made in foreign currencies, when foreign subsidiaries consolidate.
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    41) Denationalization refers to ________. A) a loss of sovereignty among nations B) national boundaries becoming less relevant C) cooperation between nations to reduce trade barriers D) attempts by international organizations to resolve trade conflicts   42) Which of the following are products marketed in all countries essentially without any changes? A) National products B) Adapted products C) Global.
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    81.For expatriate employees, the salary portion of the compensation package is:    A. usually higher than that for employees at the same level in the home company.   B. usually lower than that for employees at the same level in the home company.   C. usuallywithin the range of that for the employees at the same level in the.
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    41.Income tax is a direct tax levied on earnings, and:    A. VAT is also a direct tax.   B. VAT is not a tax, in the legal sense.   C. VAT, vertical added tax, is indirect.   D. VAT is an indirect tax.     42.Assumptions that underlie a country's legal, political, and economic systems:    A. do not influence accounting because it is a quantified discipline,.
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    21) Opponents of globalization argue that it causes a "race to the bottom" in environmental conditions.   22) Research shows that pollution-intensive U.S. companies tend to invest in nations with stricter environmental standards.   23) International firms tend to support reasonable labor and environmental laws to expand future local markets for their businesses. 24) Multinational.
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    11.Triple-bottom-line accounting is built on the assumption that capitalism can become humanized.  True    False   12.The main argument against 3BL is that business is concerned with generating profit, not with social and ecological issues, except where the law requires it to be.  True    False   13.The Global Reporting Initiative has made little effort in establishing a framework for.
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    11) The cultural component of aesthetics deals with elements such as imagery, symbolism, and the arts.   12) Black is the universal color that symbolizes death and mourning.   13) When choosing web site addresses or telephone numbers for businesses that serve Chinese customers, entrepreneurs should attempt to include the number four (4),.
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    61.The capital structure of the firm can be raised externally through:    A. leveraging and bonds.   B. debt and equity.   C. debt and retained earnings.   D. retained earnings and bonds.     62.ADRs are a way for non-U.S. firms to:    A. participate in U.S. debt markets.   B. lock in dollar exchange rates.   C. leverage in a foreign currency.   D. participate in local U.S. equity markets without incurring the need for.
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    21) Religion strongly affects the kinds of goods and services acceptable to Muslim consumers.   22) Hindus and Buddhists both seek "nirvana," a state of eternal happiness.   23) French is the most widely used "lingua franca" in international business.   24) Literacy tests offer a reliable basis on which to compare one nation's education level.
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    21.Operating in more than five local currencies is unusual for the international firm.  True    False   22.The overall goal of cash flow management is to reduce risk and position the firm so that it can benefit from opportunities.  True    False   23.For the conservative international firm, there is no reason to move money other than the repatriation of.
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  139) Describe key characteristics of a born global firm, and explain why a born global firm would be attuned to international firm management. 140) Explain globalization of production and include its benefits. Why should a company study international firm management if its leadership commits to globalization of production?       .
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    81) Mushi Toys selling its products to Tacky Toys is an example of ________. A) importing B) bartering C) exporting D) globalization   82) The products that Mushi Toys manufactures are examples of ________. A) global products B) Internet products C) value-added exports D) tangible products   83) Mushi Toys is an example of a(n) ________. A) domestic company B) multinational company C) direct exporter D).
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    71.The U.S. government's attitude toward transfer pricing on subsidiary transactions in foreign locations is:    A. uninterested, because these transactions are outside the United States and, thus, beyond U.S. jurisdiction.   B. interested, because transfer pricing has tax implications for the host governments— hence the IRS guidelines.   C. neither interested nor uninterested, because, although there are tax implications.
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    51.The U.S. body that establishes accounting standards, the FASB, is:    A. a branch of the U.S. government.   B. elected by seat holders on the NYSE.   C. appointed by the chair of the U.S. House of Representatives Banking Committee.   D. a private organization.     52.The United States is moving toward convergence with IASB standards:    A. and is the only major economy that does.
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    41) Which color is primarily associated with funerals in Japan? A) Black B) White C) Jade D) Tan   42) Which of the following terms is used to refer to the ideas, beliefs, and customs to which people are emotionally attached? A) Aesthetics B) Social structure C) Manners D) Values   43) The United Kingdom and the United States value ________, whereas.
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    31) Typically, the first step in the process of analyzing a nation's potential as a host for international business activity is to ________. A) assess its overall business climate B) analyze its religious environment C) investigate its history of corruption D) evaluate its legal system 32) Which of the following terms is defined as the.
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    11) A country's GDP per capita is its GDP divided by its population.   12) Extranets give distributors and suppliers access to a company's online database to place orders electronically.   13) One commonality among the world's least-global nations is low levels of corruption. 14) The role of the World Bank is to provide financing.
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    81.In a forward market hedge for transaction exposure, the firm sells forward:    A. foreign currency receivables for the home currency, matched to the due date of the receivables.   B. domestic currency receivables for the foreign currency, matched to the due date of the receivable.   C. its anticipated sales in the foreign currency.   D. its projected earnings in the.
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    21.The same general criteria for selecting home-country employees apply to host-country nationals.  True    False   22.Hiring personnel who are third-country nationals can be advantageous, especially in developing countries, because they may accept lower wages and benefits than will employees from the home country and they may come from a culture similar to that of.
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    61.Home-country nationals may be used in host-country management because:    A. all of B, C, and D.   B. host-country nationals are unavailable.   C. home-country nationals are being groomed for IC headquarters.   D. IC headquarters wants one of its nationals in the host country.   E. two of B, C, and D.     62.Training and development of potential candidates for expatriate assignments:    A. are unnecessary with host-country.
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  121) Define international business and explain how it affects each of us in our daily activities.   122) Define imports and exports and explain the main ways in which they differ. 123) Define e-business (e-commerce) and explain how it helps companies conduct international business.   124) Define globalization and identify its main characteristics.         .
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    71.According to the text, the proportion of expatriates who are women has increased to _____ percent.    A. 15   B. 21   C. 29   D. 35   E. over 50     72.According to the text, the failure rate for expatriate assignments, including failing to achieve performance targets for an international assignment or prematurely returning from the assignment, ranges from _______ percent.    A. 6 to 10   B. 15 to 25   C. 25.
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    41.A candidate's fluency in the host country's language is a strong indicator of his or her ability to effectively adjust within the host country.  True    False   42.Planning for an expatriate's return should begin while the employee is still on the overseas assignment.  True    False   43.In the method favored by the majority of American ICs, the salary.
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1) Nokia Corporation uses its knowledge of cultures to adapt its mobile handsets to suit local markets.   2) The first step in analyzing a nation's potential for international business activity is to examine its customs.   3) Ethnocentricity improves the ability to manage new business practices abroad.   4) Democratic nations that value freedom of.
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    101) Goods and services sold abroad and sent out of a country are called ________.   102) The term ________ refers to national boundaries becoming less relevant.   103) The term ________ refers to entities cooperating across national boundaries.   104) Companies that sell global products can reduce costs by ________ certain marketing activities.   105) Makers of.
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