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Study Resources (Business Management)

  96. (p. 52) Historically, approximately ________ of the value of corporate investments made in the United States from abroad have been spent to acquire going companies rather than to establish new ones.  97. (p. 54) An agreement by a small group of nations to establish free trade among themselves while maintaining trade restrictions with all other nations.
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True / False Questions 1. (p. 67) Much of the program proposed for Chile by the Chicago Boys was based on the theory of comparative advantage.  2. (p. 68) Business people must understand international trade theory because many of the decisions made by government officials are based on it.  3. (p. 69) While economic theory is useful for business decision making, it.
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  31. (p. 46) Although annual flows of foreign direct investment still come primarily from developed countries, the proportion of worldwide outward FDI that comes from developing nations increased to over 20 percent in 2006.  32. (p. 48) The position of China and its territories as an increasingly larger destination for inward foreign direct investment from 1995 to.
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  71. (p. 24) Foreign environmental forces often operate differently than domestic environmental forces because:  A. they are uncontrollable. B. force values are different. C. changes are difficult to assess. D. B and C. E. A, B, and C. 72. (p. 24) The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations.  A. different from B. the same as C. less than D. more.
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  11. (p. 146) The prestige attached to a craftsman's job such as a toolmaker or a machinist attracts many people in developing countries who would otherwise become attorneys or economists.  12. (p. N/A) The more consistent a new idea or technique is with a society's attitudes and experiences the more quickly it will be adopted.  13. (p. 146) The European and.
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  91. (p. 112) For students and business people, the most likely value of the OECD is as a:  A. place to get a job. B. source of good and varied research. C. place to seek political refuge. D. source of investment money. 92. (p. 117) NAFTA represents  A. a free trade area in Central America. B. the UN's establishment of a free trade area. C. an agreement among the U.S. and.
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  31. (p. 82) It has been theorized that a fundamental factor influencing the success of first-movers may be the competencies embodied within the country or location in which the innovator emerges.  32. (p. 82) Michael Porter claims there are variables better than the factors of production for explaining a nation's prominence in an industry.  33. (p. 83) Michael Porter claims that.
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True / False Questions 1. (p. 97) The element common to all the international institutions discussed in our text is that they all can be understood to regulate the relations among individuals.  2. (p. 96) An unfortunate feature about the international institutions discussed in this text is that they are so automated that there are few job opportunities.
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  21. (p. 77) Currency devaluation helps a nation avoid losing markets and regain competitiveness in world markets.  22. (p. 78) The Linder Theory of overlapping demand explains the direction of trade for minerals and agricultural products.  23. (p. 78) The International Product Life Cycle can be applied to new product introduction by firms located in any undeveloped nation.  24. (p. 79) The International Product Life.
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  Multiple Choice Questions 41. (p. 7) The increased internationalization of business requires __________ to have a basic knowledge of international business.  A. all managers B. managers of multinationals C. managers of transnationals D. managers of purely domestic operations 42. (p. 2) There is an emphatic need for all business people to have a basic knowledge of:  A. foreign travel. B. international business. C. the Pacific Rim. D. foreign exchange. 43. (p. 6) According the text, American CEOs want.
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  Fill in the Blank Questions 105. (p. 100) All United Nations member-nations are members of the __________ __________, in which each nation has one vote regardless of its size, wealth, or power.  106. (p. 113) The major purpose of the founding of OPEC was to allow the developing nations who have oil to __________ __________.  107. (p. 115) In free trade areas,.
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  61. (p. 46) Regarding the annual outflows of foreign direct investment,  A. the proportion that came from developing nations in 207 was nearly double the average from those nations from 1985 to 1995. B. the proportion that came from the United States and Europe was nearly 30 percent. C. much of the recent increase has been associated with mergers,.
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  96. (p. 17) _______ refers to the transportation of any domestic good or service to a destination outside a country or region.  97. (p. 20) __________, as used in the text, is the sum of all the forces surrounding and influencing the life and development of the firm.  98. (p. 23) International business differs from domestic business in that a firm.
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  61. (p. 84) To sum up international trade theory, we can say that the primary reason for trade is:  A. the increase in OPEC oil prices. B. governments want to accumulate money. C. the existence of price differentials among nations. D. the creation of new nations from former colonies. 62. (p. 84) Which of the following is explained by international trade theory?  A. differences in production costs. B. differences.
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  11. (p. 106) The World Trade Organization (WTO) and GATT have had little success in obtaining tariff reduction agreements.  12. (p. 106) GATT is a competitor to the WTO.  13. (p. 107) The World Trade Organization's main mission is to support trade unions.  14. (p. 106) The GATT and the WTO work in tandem to support trade liberalization.  15. (p. 106) The MFN clause ensures that textile trade will.
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  Fill in the Blank Questions 86. (p. 34) Most major U.S. corporations supply their overseas markets by __________ and __________.  87. (p. 34) _______ and _______ are two approaches to meeting overseas demand.  88. (p. 35) __________ refers to the overseas procurement of raw materials, components, and products.  89. (p. 36) One measure of the significance or international trade is that __________ of everything grown or.
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  Fill in the Blank Questions   86. (p. 7) Management must have _______________ _______________ to be able to meet the challenge of global competition.  87. (p. 9) Some academic writers suggest using terms such as multidomestic and _______________ as synonyms for what others call a multinational.  88. (p. 10) The term __________ __________ is used to describe an organization with multicountry affiliates, each.
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  Fill in the Blank Questions 81. (p. 68) The economic program the Chilean economists put into effect is a practical application of the keystone of international trade theory, __________ __________.  82. (p. 69) __________ held it was essential to a nation's welfare to accumulate a stock of precious metals.  83. (p. 70) The capability of one nation to produce more of a.
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    11. Direct costing involves the use of contribution accounting.     12. Financial terms are helpful in recognizing the importance of customer satisfaction.     13. A merchandise manager would track sales results of each style or merchandise category in terms of its selling rate and its gross margin performance.     14. A strategic monitoring system is difficult.
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  41. (p. 112) The industrial countries that belong to OECD are all Western (North America and Europe).  42. (p. 111) The goals of the Association of Southeast Asian Nations are primarily political, not economic.  43. (p. 117) The signatory countries of the North American Free Trade Agreement are Canada, Mexico, Bermuda and the United States.  44. (p. 118) From 1995-2006, trade among NAFTA members has.
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  31. (p. 24) The domestic environment is composed of all the controllable forces originating in the home country that influence the life and development of the firm.  32. (p. 24) The kinds of forces in the foreign environment are the same as those in the domestic environment except they occur in foreign nations.  33. (p. 24) The values of the foreign.
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  61. (p. 112-113) OPEC formed as a result of:  A. a desire to control the pricing on members' resources. B. political agitation against capitalism. C. the need to fix prices. D. the request of OECD. 62. (p. 113) Membership in OPEC:  A. includes Mexico and Venezuela. B. includes Malaysia. C. includes Algeria and Libya. D. A and B 63. (p. 114) World oil price has:  A. decreased due to conservation efforts. B. decreased due to exploration of alternative energy sources. C. increased worldwide.
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  11. (p. 10) While international business as a discipline is relatively new, international business as a business practice is not.  12. (p. 12) The tendency toward an international integration of goods, technology, information, labor and capital, or the process of making this integration happen, is referred to as economic globalization.  13. (p. 12) There are five major kinds of drivers, all.
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  Multiple Choice Questions 51. (p. 99 ff) International institutions that work to aid developing countries are:  A. difficult to locate. B. usually religious organizations. C. listed on the New York stock exchange. D. multilateral and often worldwide. 52. (p. 96, 100) UN negotiated agreements often work because:  A. the reputation of the country is at stake. B. the UN can enforce the agreements with Peacekeeping forces. C. there is no humiliation on.
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  11. (p. 71) According to the theory of comparative advantage, a nation can gain from trade if it is not equally less efficient in producing two goods.  12. (p. 73) Offshoring is an arrangement here one or more activities that could be provided in-house are instead provided by another company.  13. (p. 73) The Heckscher-Ohlin theory states that differences in production.
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  51. (p. 10) International business really began:  A. with the East India Company chartered in 1600. B. when Singer Sewing Machine put up a factory in Scotland in 1868. C. before the time of Christ. D. when Colt Fire Arms set up a plant in England. 52. (p. 12) The major globalization drivers include all of the following except:  A. Political B. Social C. Technological D. Market E. None. All of the above are major.
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    41. Measures relating to customer preferences and satisfaction are essential as: A. they are the main financial indicators. B. an early warning of impending problems and opportunities. C. they tell the marketing manager what the profitability has been in the past. D. they provide the marketing manager with a benchmark.     42. _____ refer to the.
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    21. Category and brand development indices are used in assessing sales performance by territory.     22. A product sales analysis is helpful when combined with account size and sales territory data.     23. Analysis by customer locates products, sales territories, and customer types and sizes where small orders prevail.     24. Budgets provide the basis for.
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  21. (p. 20) Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.  22. (p. 20) Expanded international trade is linked with the creation of more and better jobs.  23. (p. 21) Globalization has produced uneven results across nations and people.  24. (p. 21) Opponents of free trade point out that globalization has contributed to a decline in.
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  21. (p. 42) There are a number of advantages in focusing attention on a nation that is already a sizable purchaser of goods coming from the would-be exporter's country.  22. (p. 42) China, Mexico, and Japan are the three largest trading partners of the U.S., in terms of the total volume of imports and exports.  23. (p. 44) Foreign investment can.
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  91. (p. 79) The __________ __________ _______________ __________ explains why a product that begins as a nation's export eventually becomes its import.  92. (p. 80) The __________ __________ __________ __________ explains how production techniques and equipment seem to have a cycle from initial development and use in industrially advanced countries to eventual adoption in developing countries.  93. (p. 81) The __________.
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    Multiple Choice Questions     31. Which of the following is the first step in the performance measurement process? A. Specifying feedback B. Obtaining data C. Evaluating data D. Setting performance standards     32. Which of the following administers the performance measurement process? A. Staff organization B. Line organization C. Personnel department D. Human resources department     33. Which of the following is true of.
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False Questions 1. (p. 33) American FDI, used primarily for establishing foreign production plants, increased so much from 1996 to 2007 that, as a result, U.S. exports decreased during that period.  2. (p. 34) Supplying overseas markets via exporting to them and producing in them is essential to most major U.S. corporations.  3. (p. 34) International trade includes exports, imports and foreign.
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  71. (p. 126) EU problems include:  A. lack of funding. B. internal tariff reduction C. monetary union D. none of the above. 72. (p. 124, 126) The European Monetary Union:  A. all of the following. B. has taken monetary control away from the sovereign state. C. eliminated the need for individual member-nation currencies. D. has been successful for all who joined the EMU. 73. (p. 100) The United Nations' Security Council was established to:  A. consult on business safety.
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  41. (p. 52) Since 1986, there has been more foreign investment in the United States than the level of American foreign direct investment abroad.  42. (p. 52) Most of the foreign direct investment in the United States has been spent on establishing new companies.  43. (p. 53) International firms enter foreign markets to increase profits and sales or protect markets from.
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  21. (p. 113) All of the OPEC members are in the Middle East.  22. (p. 114) The Group of Eight developed as a result of industrialized countries wanting to control exports.  23. (p. 115) Since WWII, economic integration has failed, largely because of nationalism.  24. (p. 118) The North American Free Trade Agreement integrates the nations of North America to ensure free trade and free.
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  51. (p. 36) The dollar value of total world exports in 2004 was greater than the gross national product of every nation in the world except the  A. People's Republic of China B. Germany C. Japan D. United States 52. (p. 37) The quadrupling of world exports between 1990 and 2007 demonstrates that _______________.  A. businesspeople must be prepared to meet increased competition B. domestic business cannot compete with.
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True / False Questions 1. (p. 138) Culture is learned, not innate.  2. (p. 139) The first step in learning to live with other cultures is the realization that there are other cultures.  3. (p. 138) Ethnocentricity is the belief in any society that its culture is inferior to all others.  4. (p. 141) The national culture helps determine the criteria by which managers are evaluated.  5. (p. 142) Aesthetics.
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True / False Questions 1. (p. 5) A senior manager of a major multinational said that "no one will be in a general management job by the end of the decade who didn't have international exposure and experience."  2. (p. 6) American companies want their managers to have a basic knowledge of international business.  3. (p. 6) CEOs of major American firms.
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  11. (p. 37) The proportion of manufacturing value added that is located in developed countries has been roughly stable since 1995.  12. (p. 37) South and East Asia's share of the world's manufacturing value added has nearly tripled since 1980.  13. (p. 37) In 2006, the top 20 nations accounted for nearly 75 percent of all exports and imports of merchandise.
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  Essay Questions     71. What are the steps in the performance measurement process?     72. What are the limitations associated with using profitability as a measure of performance?     73. What are the four essential questions necessary for designing systems to measure marketing performance at the product-market and line-item levels?     74. What is a sales analysis?         .
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  81. (p. 106) The organization most directly involved in reducing tariffs was:  A. the U.S. State Department. B. the World Bank. C. UNICEF. D. GATT. 82. (p. 108) Important matters to be faced by the World Trade Organization include:  A. regional trade agreements. B. labor rights. C. antidumping laws. D. A, B, and C. 83. (p. 94) The United Nations' Geneva Declaration addresses issues related to:  A. peace and security B. admission of new members C. globalization D. all of the above 84. (p. 108) What challenges does the.
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  61. (p. 17) According to the text, one variable commonly used to measure where and how fast internationalization takes place is:  A. the increase in a nation's population. B. the increase in the number of new companies formed. C. the increase in foreign direct investment. D. the increase in international trade. 62. (p. 17) The level of service exports worldwide increased nearly __ between 1980.
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    61. Which of the following is true of search engine optimization and search engine marketing? A. Search engine optimization involves buying keywords known as AdWords for which consumers are likely to search. B. Search engine marketing refers to a set of techniques that helps ensure that a company’s web pages are ranked.
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    51. The step of _____ involves specifying what information is needed on each of the key variables to determine whether the implementation of the strategic plan is on schedule. A. tracking and monitoring B. identifying key variables C. strategy reassessment D. taking corrective action     52. Which of the following is true about the strategic monitoring.
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  41. (p. 85) Imperfections in the foreign exchange markets are not a possible explanation for FDI.  42. (p. 85) The International Product Life Cycle theory explains that foreign direct investment is a natural stage in the life of a product, and companies are often forced to invest in overseas production facilities during the second and third stages.
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  51. (p. 70) If Ecuador has an absolute advantage in coffee and Argentina in wheat, then, according to trade theory:  A. Ecuador should focus production on coffee and trade for other goods. B. Ecuador would do well to produce its own coffee rather than import it from Bolivia. C. Argentina should produce as much wheat as possible and trade.
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  31. (p. 126) The EU has regulatory control over business that want to operate in the EU.  32. (p. 111) The Association of Southeast Asian Nations (ASEAN) is led by China.  33. (p. 126) The UN's European Court of Justice has authority that supersedes that of member-nations' courts.  34. (p. 120) There are high tariffs within Mercosur.  35. (p. 120) Africa is united into one common market.  36. (p. 120) African trade agreements.
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