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Study Resources (Business Management)

  111.The collection of data and the preparation of reports are usually the responsibility of the ____________.  112.__________ is the total value of all income generated by a nation's residents from international and domestic activity.  113.___________ is a classification for the world's low- and middle-income nations.  114.___________ are frequently characterized as those industrialized, or.
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  101.Country risks can be responded to, in part, by  A.employee training programs. B.a positive attitude and awareness of cultural differences. C.defensive posturing in most public settings. D.avoiding assignments in the country and using locals only. 102.Agricultural trade restrictions  A.exist in most countries. B.exist in centralized economies only. C.exist mostly in developing economies. D.are no longer a part of common.
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  121.The Big Mac Index is a playful application of __________ theory.  122.The __________ is the arithmetic average of the current exchange rate and the exchange rates in the two previous years, adjusted by the ratio of domestic inflation to the combined inflation rates of the euro zone, Japan, the United Kingdom,.
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  131.Total direct labor costs divided by units produced are known as __________.  132.Changes in labor __________ rates may also cause a multinational firm to change its sources of supply.  133.The reasons for the relative changes in labor costs include compensation, productivity, and __________.  134.__________ tends to vary more widely than wages because of.
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  61.From comparisons of income distribution studies over time, it appears that in early stages of development  A.income inequality decreases. B.income inequality stays the same. C.the upper and lower quintiles grow at the expense of the middle quintile. D.the middle quintile grows at the expense of the upper and lower quintiles. E.The upper quintiles grow at.
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  51.Dissatisfaction with both the purchasing power parity (PPP) and conversions using official exchange rates caused the World Bank to adopt what methodology to derive per capita GNI estimates?  A.Gini coefficients. B.Atlas conversion factors. C.The inflation-growth coefficient. D.The Zurich formula. E.The Human Development Index. 52.The arithmetic average of the current exchange rate and the exchange rates in.
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  Multiple Choice Questions 31.Enforcing contracts that cross international borders is  A.simply a matter of applying the local law to the contract. B.complicated and governed in most nations by the CISG. C.secondary to who has possession of the goods, regardless of title. D.nearly impossible, so negotiation is important. 32.Arbitration is a private solution that is  A.often preferred by.
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  11.A central reserve asset is any holding that has value that is held by private banks in case of a liquidity crisis.  12.If freely floating currencies are allowed to fluctuate against one another, at times the fluctuations might be quite large.  13.The exchange rate for today for delivery within two days is.
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  101.An important phenomenon that is changing the population distribution everywhere is the  A.move to rural areas for simpler, safer living. B.urban-to-rural shift. C.increase in housing costs. D.rural-to-urban shift. E.rise in single parent families. 102.The highest rates of urbanization are occurring in  A.high-income countries. B.low- and middle-income nations. C.heavily populated nations. D.thinly populated nations. E.post-industrial nations. 103.The percentage of the population living in.
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  131._____________ describes the set of rules that nations have agreed to follow.  132.Immunity from prosecution of visiting foreign heads of state is an example of ______________.  133.Three areas of special concern to international business managers because they affect activities in the international setting and not in the domestic setting are performance of.
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  71.Tariff barriers may be used to  A.protect domestic industry from foreign, lower-cost producers. B.reduce the need for foreign workers. C.increase government revenues. D.protect borders from gray market goods. 72.Duties may be used to  A.encourage local input. B.stimulate imports. C.reward compliant manufacturers. D.increase government expenditures. 73.Nuisance tariffs  A.require importers to go through the administrative paperwork, even for a small payment. B.can be declined.
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  51.Nuisance tariffs  A.annoy importers with red tape, administrative paperwork, and added expense. B.are an historical anomaly. C.are found in developed nations more than in developing nations. D.have no point other than to indicate that tariffs regulations change quickly. 52.A nontariff barrier is illustrated by all but  A.the French requirement in 1982 that all Japanese VCRs be.
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  121._____________, the most common form of IP protection, do not require that the process or innovation be shared with the government.  122.Competition or antitrust laws are intended to prevent __________.  123.One major difference between the U.S. and the EU in antitrust law is that U.S. law follows the ____________ concept in its.
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  Multiple Choice Questions 31.When governments nationalize a firm, they don't seek to  A.extract more money from the firm. B.increase the firm's profitability. C.preserve jobs. D.sell the firm to foreign investors. 32.With privatization, all of these may occur, except  A.assets are transferred from the public sector to the private sector. B.government control of business management may be increased. C.state activities.
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  91.U.S. responses to foreign tariffs are likely to  A.raise the cost of the imported goods for U.S. consumers. B.force a reduction in tariffs. C.create equity across markets, which is the goal. D.establish the fundamental rule of power rather than principle. 92.One area of U.S. tort cases of concern to international businesses is that they  A.can result.
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  11.Legal uncertainties constrain the growth of international business.  12.Intellectual property includes patents and trademarks, but not copyrights.  13.The European Patent Organization (EPO) makes filing for a patent in all 28 EU member states more difficult than it was previously.  14.The World Intellectual Property Organization (WIPO) is a UN agency that administers 24 intellectual.
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  81.The main goal of tariffs is to  A.increase the selling price of imported goods, thereby reducing competition for domestic producers. B.raise revenues for the importing government. C.reduce earnings for the exporting government. D.penalize importers for not buying domestic goods. 82.A specific duty is a  A.fixed sum charged for a specified number of units of the product. B.stated.
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  101.The source of most international law is  A.bilateral and multilateral treaties, many initiated by the UN. B.the World Court. C.national law that is applied extraterritorially. D.waiting to be discovered, since the amount of international law is quite limited. 102.The legal system of a country is  A.the collection of governing principles, legislation, and regulations enacted to provide.
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  141.The view that defines economic development as a reduction of poverty and unemployment as well as an increase in income is known as the __________.  142.There are two basic approaches to assessing development, each with many variations. The first and most frequently used to date is to focus on the __________,.
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  21.The value-added tax (VAT) can be rebated to exporters, according to World Trade Organization (WTO) rules.  22.Developed economies tend to be lower corporate tax locations.  23.Inflated currencies tend to weaken.  24.As global financial markets become more integrated, we can expect countries' inflation rates to vary over a small range.  25.The balance of payments (BOPs).
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  21.The percentage of household expenditures spent on consumer durables by households in developing nations is half the percentage spent by consumers in developed nations.  22.The quantity and mix of energy consumed per capita constitutes a rough indicator of a country's level of development.  23.Countries with slower-rising unit labor costs are investment prospects.
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  21.Nontariff barriers that are not quantitative can be divided into two groups, those established by the government participation in trade and those that are administrative.  22.Unlike the topography, the political climate of a country has relatively little influence on its exports.  23.One example of nationalization of private companies is with the nationalization.
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  21.In the antitrust area, the U.S. is concerned with the impact of the business deal on the consumer, whereas the EU is focused on the competitive structure of the marketplace, and so pays attention to its rivals.  22.Japanese cultural values suggest that in Japan, antitrust law against cartels would be strictly.
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  141.A ______________ is a name used by a merchant or manufacturer to designate and differentiate its products and is protected.  142.Ideas are not protectable; they must be written to be protected by _____________.  143.____________ are the most common form of IP protection that international businesses pursue.  144.The International Chamber of Commerce's _______________ are.
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  Multiple Choice Questions 31.Which of the following is not true about China, compared to India?  A.China has 1.12 million millionaires versus 182,000 in India as of the beginning of 2014. B.China is ranked third in the world in sales of luxury goods, ahead of India. C.China has a larger population, at 1.37 billion people,.
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  61.Customs procedures in many countries often  A.are transparent and fair. B.discriminate against imports and favor exports. C.are online and impersonal. D.aid importers and exporters in estimating their total costs. 62.The imposition of standards is a way to establish nontariff barriers, and the following are examples of the imposition of standards, except for:  A.Japan's refusal to import.
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  True / False Questions 1.Sir Isaac Newton established the price of gold in 1717 and de facto put England on the gold standard.  2.The complexity of the gold standard was a part of its appeal.  3.The Bretton Woods meeting in 1944 established a floating rate exchange system among Allied governments that was imposed.
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  True / False Questions 1.To what degree a country's legal system is based on the rule of law makes no difference to international business; it is personal relationships that matter in foreign environments.  2.The source of international law is frequently the United Nations.  3.Customary international law draws on practices that have been followed.
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  141.A government may move toward ________________ when it suspects foreign-owned companies are concealing profits and not contributing to the host country.  142.During the ____________ revolution in the 1950s, the government nationalized foreign-owned property without compensation.  143.The U.K.'s ____________ was recently privatized and shares can be purchased on the London Stock Exchange.  144.China, Russia,.
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  71.In the U.S. and EU, attitudes toward competition  A.are quite similar. B.are based on differing assumptions, with the U.S. following a per se concept and the EU concerned about the existence of harm. C.differ because the EU is anticompetitive; its Commission on Competition ensures competition isn't too severe. D.differ on the role of market.
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  41.The U.S. has been concerned about dumping and  A.yet only enacted antidumping measures in 2006. B.enacted antidumping measures for its exporting companies as early as 1856. C.became one of the first countries to prohibit dumping into its own market, in 1916. D.illustrated this with the Boston Tea Party in 1773. 42.Social dumping occurs when an.
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  111.The Canadian company Research in Motion settled a dispute with a U.S. citizen over the use of the word ______________ via arbitration.  112.Predefined commercial terms established by the International Chamber of Commerce are known as __________.  113.A creative work or invention that is protectable by patents, trademarks, trade names, copyrights, and trade.
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  111.Business likes __________ and predictability because they provide stability and safety for assets and people.  112.One risk to business is ____________, unlawful acts of violence to achieve a variety of objectives, including revolution and revenge.  113.____________ for ransom is a crime that targets international businesspeople as well as tourists.  114.____________ is hijacking that.
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  121.The ___________ argument for trade restrictions suggests that certain industries need protection from imports because these industries are vital to security and must be kept operating, even when they are not competitive.  122.__________ are trade restrictions imposed to inflict economic damage on other nations, as punishment or to encourage change.  123.To protect.
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  131.A percentage of the invoice value of the product is known as ________________ duty.  132.A ____________ duty is a fixed sum charged for a specific number of the product.  133.A ______________ is a combination of specific and ad valorem duties.  134.Discrimination against imports other than import duties are known as _____________.  135.The ___________ is.
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  91.According to the text, an examination of the world's population and predictions for future populations suggests the following:  A.The population of developing countries is nearly half of the world's total population. B.The 10 nations predicted to have the largest populations by the year 2050 are all developing countries. C.Because of low birth rates,.
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  81.According to the text, a large international debt may cause a government to  A.remove wage controls. B.increase government spending. C.impose price controls. D.reduce debt payments. E.print more money. 82.A large international debt may cause a government to  A.impose wage controls. B.increase government spending. C.eliminate price controls. D.restrict bankers' ability to issue debt. E.start a trade war. 83.According to the text, scarcity of.
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  91.Terrorism contributes to  A.an unstable environment that is detrimental to business. B.an increase in business opportunities. C.the warning signals on global values clashes. D.religious and political stability. 92.Democratic nations that follow free-trade capitalism sometimes nationalize businesses, such as  A.the U.S. bailout during the 2009 financial crisis, when the U.S. government took control of several large U.S..
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  81.Where litigation should occur in a dispute on an international transaction  A.has to do with the location of the problem. B.is clear to both the defendant and plaintiff. C.is determined by where the transaction took place. D.is often a complex issue to untangle. 82.Many U.S. laws affect activities of international firms, and  A.their impacts have been.
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  61.Incoterms attempt to standardize shipping agreements, and include  A.FAS and CIF. B.CED and COD. C.descriptions of portside processes. D.insurance arrangements for international shipments. 62.Legal uncertainties have affected international business (IB)—  A.they have slowed down IB growth. B.they have not, though, slowed down the growth of IB; instead, they have made conducting IB more complex. C.prices and insurance costs.
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  11.When an international manager is considering where to do business, one of the first considerations is the size of the economy.  12.To compare the purchasing power of nations, managers need to know how many people gross national income (GNI) is divided among.  13.Generally, it can be assumed, the higher the GNI/capita value,.
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  51.In the Global Debate, voluntary American dolphin-safe tuna labeling is objected to on what grounds?  A.Dolphin and tuna are not the same species. B.The labeling is seen as a nontariff barrier for unlabeled, imported tuna. C.Mexican tuna cannot be labeled by U.S. regulation. D.Labeling requires additional expenditure in the fishing process. 52.Transparency International's 2013 Index.
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  11.The national defense argument for trade restrictions is based on the development level of the country.  12.U.S. ocean shipping companies are benefiting from U.S. government subsidies.  13.Sanctions are a trade restriction that is effective in forcing change.  14.To protect an infant industry, trade restrictions might be effective.  15.A comparison based on hourly wages is.
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  41.Antitrust law is intended to  A.challenge successful businesses to allow proper levels of competition. B.prevent large concentrations of economic power, such as monopolies. C.create a more trusting business environment. D.allow socialism to flourish. 42.One difference between the U.S. and EU approach to antitrust law is that  A.the U.S. follows the per se concept, wherein actions are.
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  71.The percentages of household expenditures spent on transportation, communication, and health care by residents of industrialized nations are _______________ the percentages spent by residents of developing nations.  A.half B.two-thirds C.equal to D.twice E.triple 72.According to the text, commercial energy use per capita is related to the size of which of the following sets of modern sectors?  A.Commercial.
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  True / False Questions 1.Newspapers in China refer to young people with good jobs as "zippies."  2.In terms of economic development and competencies, India's strength so far has been in services whereas China's has been in manufacturing.  3.India's average manufacturing labor cost per hour in 2014 was about one-quarter as high as China's.  4.The.
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  41.Most developing nations share the following characteristic(s):  A.unequal distribution of income, with a very small middle class. B.a broad range of products for export, usually based on basic manufacturing. C.high savings rates. D.a productive agricultural sector that supports much of the population. E.political stability based on a nondemocratically elected government. 42.Most developed nations share the following.
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