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Study Resources (Business Management)

  21. (p. 315) As a generality, only the relatively rich industrialized countries have currency exchange controls.  22. (p. 317, whole chapter) Inflation rates are of little interest to international business people.  23. (p. 304) The simplicity of the gold standard was a large part of its appeal.  24. (p. 305) Countries that joined the Bretton Woods system were on a gold exchange system.  25. (p. 305) Under Bretton Woods.
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  87. (p. 189) __________ __________ are anything supplied by nature on which people depend.  88. (p. 192) __________ is a fissile rock composed of laminated layers of claylike, fine-grained sediment.  89. (p. 192) Converting natural gas to liquid natural gas (LNG) allows oil companies to __________ ___.  90. (p. 201, 202) _________________ are the identifiable groups and individuals that have an interest in the organization.
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  11. (p. 182) All European nations, except Switzerland, which has an excellent rail system, use the Rhine waterway to transport goods.  12. (p. 182) The Rhine waterway carries more goods by volume than do the rail lines that run along its shores.  13. (p. 184) Because of the extensive highway system in the United States, there is no need for inland.
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  81. (p. 253) Centigon Security Associates:  A. armors and hardens civilian vehicles to protect passengers from terrorist attacks. B. recommends effective methods to attack vehicles. C. provides security guards. D. is a bank armored-car service. 82. (p. 255) A government can be said to be stable when:  A. it maintains itself in power. B. it is able to provide subsidies to the factors of production. C. its policies are predictable. D. A and.
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  61. (p. 221) Unit labor costs will not rise in unison with wage rates if:  A. the governments institute wage and price controls. B. productivity decreases faster than wages increase. C. the gains in productivity are greater than wage increases. D. interest rates rise less than wage rates. 62. (p. 226) A large international debt may cause a government to:  A. impose wage controls. B. increase government spending. C. impose price.
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  51. (p. 151) Strategic technology leveraging is  A. the concept of using external technology to complement rather than substitute for internal technology. B. obtaining more efficiency from technology by increasing capital investment. C. using technology to improve a firm's strategy. D. forming competitive alliances in which each partner shares technology. E. A and D. 52. (p. 152) Appropriate technology is:  A. capital-intensive and most closely fits the society using.
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  51. (p. 181) Bodies of water:  A. separate markets. B. attract settlers. C. increase the cost of reaching markets. D. act as barriers to transportation and dividers of markets. 52. (p. 182) Only the continent of _______________ lacks inland waterways.  A. Asia B. Australia C. South America D. North America 53. (p. 182) The main transportation artery of Europe is the:  A. Danube waterway. B. Rhone waterway. C. Rhine waterway. D. North Sea. 54. (p. 186) Navigable waterways with connections to the ocean:  A. have permitted the low-cost transportation of goods.
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  61. (p. 289) Important differences in antitrust laws, regulations, and practices that exist between the U.S., other nations, and the EU are:  A. the effort of the U.S. to apply its laws extraterritorially. B. A and C. C. the per se concept of the U.S. law. D. the effort of the EU to apply its laws extraterritorially. 62. (p. 289) Under American antitrust laws, illegality.
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  51. (p. 218) GNI/capita, the first crude estimate of purchasing power, must be further refined by:  A. an examination of the amount of income tax paid. B. a census to determine the total population. C. incorporating data on how the national income is actually distributed. D. determining the amount of discretionary income. 52. (p. 219) From comparisons of income distribution studies over time, it appears.
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True / False Questions 1. (p. 286) Taxation concerns every business and businessperson.  2. (p. 286) The only purpose of most taxes is to raise revenue for the government.  3. (p. 287) A tax haven is a country in which defined types of income incur no tax liability.  4. (p. 287) A capital gains tax is imposed every time assets are sold.  5. (p. 288) International tax treaties are generally.
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  71. (p. 248) Privatization of airports and airport terminal operations is:  A. successful in numerous places around the world. B. successful only in Europe. C. not being done in the U.S. D. not successful. 72. (p. 249) Banking solvency and stability is:  A. unaffected by privatization. B. damaged by privatization. C. the major cause of privatization. D. improved by privatization. 73. (p. 250) In 1989, England privatized its water industry while the Scottish industry remained government owned..
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True / False Questions 1. (p. 67) India is likely to have more millionaires than China, despite China's higher savings rate.  2. (p. 212) The purpose of economic analysis is to appraise the overall outlook of the economy and to assess the impact of economic changes on the firm.  3. (p. 213) International economic analyses should provide economic data on both actual.
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  11. (p. 216) To compare the purchasing power of nations, managers need to know how many people GNI is divided among.  12. (p. 216) Generally, it can be assumed, the higher the GNI/capita value, the more advanced the nation's economy.  13. (p. 216) Frequently, given the choice between investing in a nation with a lower GNI/capita but a high growth rate,.
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  11. (p. 247) In political terms in Western Europe, the description of a person or political party as "liberal" frequently has a different meaning than it has in the U.S.  12. (p. 246) In political terms in China, the description of a person or political party as "conservative" usually has the same meaning as it has in.
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  31. (p. 191) Most proven oil reserves have a high investment risk.  32. (p. 198) Sustainability, maintaining something, is inherently a systems concept.  33. (p. 199) Environmental sustainability is a political state in which the demands placed on the environment can be met without reducing the environment's ability to provide for future generations.  34. (p. 184) The Three Gorges Dam is an example of Chinese.
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  61. (p. 195) _____________ is the fastest-growing renewable energy source.  A. Geothermal B. Biomass C. Solar D. Wind 62. (p. 195) Biomass means that the energy source is __________.  A. unusually heavy, with cellular density B. solar C. photosynthesis D. corn and other agricultural crops 63. (p. 197) Nearly all of the world's chrome, manganese, and platinum are produced by:  A. Russia, China and South Africa. B. Russia, Canada and U.S. C. China, South Africa and Canada. D. South Africa, the Congo and Zaire. 64. (p. 195) Ethanol is.
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  41. (p. 256) Political instability in Lebanon caused almost all of the commercial activities to stop functioning.  42. (p. 256) Hutus in Rwanda used their predominance in the military as a base for attempts to exterminate the Tutsis. Some of their funding came from selling dirty diamonds on the international market.  43. (p. 256) Zimbabwe's president, Mugabe, has redistributed the land.
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  Fill in the Blank Questions 88. (p. 212) Among the most significant uncontrollable forces for businesses are the __________ __________. An example is income distribution.  89. (p. 214) ___________ is the classification for the world's lower-income nations, which are less technically developed.  90. (p. 214) The four Asian tigers and the middle-income economies such as Brazil, Mexico, Chile, and Thailand are referred.
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True / False Questions 1. (p. 244) Communism as conceived by Karl Marx was a theory of social change directed toward the ideal of a classless society.  2. (p. 244) The political climate of a country can be as important for business as the country's topography, natural resources, and meteorological climate.  3. (p. 244) A country may have natural resources, not too.
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  31. (p. 312) Monetary policies address the collecting and spending of money by governments.  32. (p. 313) One result of higher inflation is higher interest rates.  33. (p. 318-319) Goods produced in a country with a high inflation rate tend to become more difficult to sell abroad.  34. (p. 319) The International Fisher Effect suggests that interest rate differences suggest exchange rate differences.  35. (p. 316) U.S. businesses do.
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True / False Questions 1. (p. 307, 309) Controllable financial risks include foreign currency risks, national BOP, taxation, tariffs, national monetary and fiscal policies, inflation, and national business accounting rules.  2. (p. 311) The Euro is the most used vehicle and intervention currency.  3. (p. 311) A foreign exchange quotation is the price of one currency expressed in the terms of another.  4. (p. 311) If.
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  41. (p. 179) Most of Colombia's population is located:  A. at sea level where there are large international airports. B. near the borders because it is easier to transport goods and people to other countries. C. in the western highlands where the climate is moderate. D. near its coal mines and oil fields. 42. (p. 177-178) A combination of ______________ will cause the same extremes.
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  Fill in the Blank Questions 71. (p. 138) The sum total of beliefs, rules, techniques, institutions, and artifacts that characterize human populations is called __________.  72. (p. 138) __________ is the belief in the superiority of one's own ethnic or cultural group.  73. (p. 142) A culture's sense of beauty and good taste is __________.  74. (p. 145) The result of having seen others with desirable.
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  81. (p. 294) The Foreign Corrupt Practices Act:  A. has helped American exporters. B. was modeled after an English statue. C. is being enforced by the U.S. more vigorously than any other such law by other countries. D. none of the above. 82. (p. 292) The process by which plaintiffs can seek defendants' documents relevant to their cases, available to them in U.S. courts is.
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  41. (p. 229) A more even distribution of income and increased urbanization are among the factors acting to reduce the traditional family size.  42. (p. 230) By the year 2025, Japan, which has been the world's oldest industrial society, will be the world's youngest because of the high birth rate brought on by prosperity.  43. (p. 230) Densely populated countries tend.
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  Multiple Choice Questions 51. (p. 246) The term "left" and "right" have political meanings  A. except in the Soviet Union. B. related to liberal and conservative viewpoints. C. only after the American Revolution. D. except in Japan after the second World War. 52. (p. 244) Some of the political forces with which business must cope include:  A. nationalism. B. terrorism. C. traditional hostilities. D. all of the above. 53. (p. 244) Communism as conceived by Karl Marx:  A. advocated seizure.
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  81. (p. 156) Nonverbal communications, such as gestures and body language, are examples of _______ __________.  82. (p. 153) In the __________ __________ a closed office door means that something important is going on, while in __________ it just means that the occupant is being neat and orderly.  83. (p. 157) __________ __________ are smaller in the Middle East, and possibly.
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  21. (p. 219) A simple calculation based on GDP, total population, and income distribution may indicate that a country is not an adequate market.  22. (p. 221) Discretionary income is the amount left after paying taxes.  23. (p. 221) Disposable income is the amount of income left after paying taxes and making essential purchases.  24. (p. 221) The percentage of household expenditures spent on consumer.
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  71. (p. 229) Generally, because of higher birth rates,  A. developed nations have more youthful populations than do developing nations. B. developing nations have more youthful populations than developed nations. C. there is an increasing demand in developed nations for products used in schools and for products used by children. D. the developed nations provide markets for transportation systems, fertilizer, and.
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  61. (p. 246) In the U.S., the word "conservative" in political usage means a person or political party advocating minimum government power and taxation. In the P.R.C. it means  A. the same. B. nothing. C. a neutral, centrist position. D. the opposite. 62. (p. 247) A left-wing government can be expected to:  A. seek more power than a right-wing government. B. seek higher taxes than a right-wing government. C. seek less.
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  Fill in the Blank Questions 77. (p. 173) __________ is a factor in explaining a number of a nation's political and trade relationships.  78. (p. 172) __________ __________ are the attributes a country inherits and those it can mold.  79. (p. 175) The surface features of a region are referred to as __________.  80. (p. 177) Colombia experiences a wide range of climate conditions because of.
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  11. (p. 312) Currency values fluctuate only when purchasing power parity suggests that they should.  12. (p. 312) Forward rate is the exchange rate between two currencies for delivery in the future.  13. (p. 312) In a foreign bank or currency exchange agency, the bid price is the price the office is asking for the currency.  14. (p. 315) Currency exchange controls almost invariably cause.
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  21. (p. 188) The differences in climatic conditions among a firm's markets have limited impact on its product mix.  22. (p. 192) Plants already exist that produce crude oil from tar sand and shale.  23. (p. 192) There is a South African firm that produces gasoline, diesel fuel, and jet fuel from coal.  24. (p. 195) Currently, solar energy and other renewable energy sources are.
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  21. (p. 290) Despite complaints about U.S. efforts to apply its antitrust laws extraterritorially, the EU has forced U.S. companies to change practices before approving their mergers.  22. (p. 290) A U.S. federal appeals court refused to permit criminal antitrust laws to apply to foreign companies if the conspiracy took place abroad.  23. (p. 291) The purposes of tariffs are to.
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  98. (p. 225) Scarcity of __________ __________ __________ can result from high levels of foreign debt.  99. (p. 226) A firm that produces inputs for its subsequent manufacturing processes is __________ __________.  100. (p. 227) The view that defines economic development as a reduction of poverty and unemployment as well as an increase in income is known as the __________ __________.
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  41. (p. 282) When residents of two or more countries enter into a contract, relatively easy solutions to disputes are not available.  42. (p. 282) Arbitration to settle disputes in international contracts is declining in popularity.  43. (p. 283) Despite legal uncertainties, most international contracts have satisfactory results.  44. (p. 283) The prescription drug industry relies heavily on patents.  45. (p. 283) WIPO is a Thai cleaning product.  46. (p. 289) The Japanese.
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  21. (p. 150) Animism is a kind of spirit worship that includes magic and witchcraft.  22. (p. 150) Material culture refers to all objects made by nature and is concerned with art and religion.  23. (p. 151) Technology can enable a firm with a minority equity position to control a joint venture.  24. (p. 151) Generally, the greater the difference between an old and a.
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  41. (p. 145) The ________ effect (seeing others with consumer goods) can cause workers to change their attitude towards work.  A. economic B. demonstration C. possession D. copying 42. (p. 151) _________ makes it difficult for the marketer to introduce new products in many foreign markets.  A. The high cost of new products B. The high cost of transportation C. People's attitude toward change D. The long introductory period 43. (p. 146) Viewing work as a moral.
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True / False Questions 1. (p. 171, 172) Swiss watches, chocolate, and cheese have one fact in common--all have a high value per kilo.  2. (p. 172) The physical elements such as location and topography, are, with few exceptions, not actually forces, but are considered uncontrollable forces because they are given around which managers must adjust their strategies.  3. (p. 173) Location.
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  31. (p. 291) Product liability law holds a company and its officers and directors liable and possibly subject to fines or imprisonment when its product causes death, injury of damage.  32. (p. 292) The impact of strict liability upon product designers and manufacturers in Europe and Japan will not be as heavy or severe as it is.
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  41. (p. 311 ff) When you see that it costs 1.77 Swiss francs to buy one US dollar but only .70 of a British pound to buy that same dollar, it is clear that the British pound is a stronger currency than the Swiss franc.  42. (p. 310) Fluctuating currency exchange rates create risks for international businesses.
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  31. (p. 156) Nonverbal communication, or the unspoken language, is the same among cultures and prevents misinterpretations of the communication.  32. (p. 161) Geert Hofstede found that employees in different countries tended to vary among themselves on a few key dimensions.  33. (p. 162) According to Hofstede, power distance is the extent to which members of a society accept the unequal.
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  Fill in the Blank Questions 91. (p. 286) _____ tax purposes include redistributing income, discouraging consumption of some product, or encouraging purchase of domestic rather than imported products.  92. (p. 286) What UN convention provides uniformity in international sales agreements?  93. (p. 287) U.S. citizens who reside and pay income taxes in another country can credit those foreign taxes against their U.S..
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  21. (p. 250) The government-owned water business in Scotland has performed much better than its privately-owned counterpart in England.  22. (p. 249) Some countries contract with private companies to perform services normally performed by government agencies. For example, Mozambique brought in a British company to run its customs service.  23. (p. 249) The People's Republic of China is encouraging privatization.  24. (p. 249) Successful privatization.
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  Multiple Choice Questions 51. (p. 286) Some non-revenue tax purposes are to:  A. redistribute income. B. discourage consumption of certain products. C. encourage consumption of domestic rather than imported goods. D. all of the above. 52. (p. 287) Capital gains are:  A. not taxed in some countries. B. not taxed in the U.S. C. only taxed in the U.S. D. only taxed in the developing countries. 53. (p. 287) Income earned abroad by U.S. citizens:  A. incurs a tax liability.
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  31. (p. 252) Government sponsored terrorism has been defined as an act of war.  32. (p. 252) Countermeasures developed by industry against terrorists include insurance to cover ransom payments, anti-terrorist schools and companies to negotiate with kidnappers.  33. (p. 252) Al Qaeda is the only terrorist organization in the world.  34. (p. 253) In the U.S. there is at least one company that teaches anti-terrorist.
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  11. (p. 287) A U.S. citizen working for a U.S. company abroad may be able to take advantage of foreign tax credits.  12. (p. 287) The Italian tax authorities' approach to tax collection is to negotiate a compromise taxable income amount between their very high estimate and the taxpayer's very low income declaration.  13. (p. 288) The growth of electronic commerce.
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  71. (p. 292) The risk of punitive damages in product liability cases:  A. has caused U.S. companies to stop research on new products. B. has caused foreign companies to withhold potentially beneficial products from the U.S. market. C. has had little effect on research or new products. D. A and B. 72. (p. 292) The purpose of punitive damages is to:  A. punish the defendant. B. A, C, and.
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  Fill in the Blank Questions 99. (p. 244) Government seizure of property within its borders owned by foreigners followed by payment to the former owners is ____________.  100. (p. 244) Government seizure of property within its borders owned by foreigners without payment to the former owners is ____________.  101. (p. 244) ____________ is Marx's theory of a classless society.  102. (p. 245) An economic system in.
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  31. (p. 224) Fringe benefits, productivity, and exchange rates are responsible for relative changes in labor costs.  32. (p. 224) The text shows that in 2006, six European nations and Japan had higher hourly labor rates than the United States.  33. (p. 224) It is difficult for American firms to compete in world markets because they have the highest international unit.
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