IBA301 full course 2017 (all assignment+ discussion+ final)

Let's use this forum to get to know each other. Please post a brief introduction about yourself. Tell us your name, your major, your standing in your degree program, where you work and anything else you would like to share with the class.

It is important that you participate meeting the requirements outlined in the course information section. In order for your posts to receive credit they must demonstrate critical thinking and contribute something new to the discussion. Repeating what your classmates already wrote has no merit. Use your readings to support your statements and come up with new ideas for the discussion. If you use content from external sources a citation and reference must be included and the content must be in quotes if taken verbatim. You must create an original post before the system will allow you to read other posts in the forum.

Please post your main answer to the discussion question by creating a new thread with your name in the subject line. Then reply to at least two of your classmate posts. The discussion question this week is:

What are the benefits and disadvantages of free international trade for the United States? Illustrate your answer with examples.
1. Why did the gold standard collapse? Is there a case for returning to some type of gold standard? If so, what is it?

2. What opportunities might current IMF lending policies to developing nations create for international business? What threats may they create?

Note: In order for your posts to receive credit they must demonstrate critical thinking and contribute something new to the discussion. Repeating what your classmates already wrote has no merit. Use your readings to support your statements and come up with new ideas for the discussion. If you use content from external sources a citation and reference must be included and the content must be in quotes if taken verbatim.

Please post your main answer to the discussion question by creating a new thread with your name in the subject line. Then reply to at least two of your classmate posts.

You are the international manager of a U.S. business that has just developed a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture. Several patents protect the unique design for this computer in the United States. Your CEO has asked you to formulate a recommendation for how to expand in Western Europe. Your options are:

1. to export from the United States
2. to license a Western European firm to manufacture and market the computer in Europe
3. to set up a wholly owned subsidiary in Western Europe

Evaluate the pros and cons of each alternative and suggest a course of action to your CEO

Please answer the following two questions:

1. In what kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?
2. What do you see as the main organizational problems that are likely to be associated with implementation of a transnational strategy? Explain.

Note: In order for your posts to receive credit they must demonstrate critical thinking and contribute something new to the discussion. Repeating what your classmates already wrote has no merit. Use your readings to support your statements and come up with new ideas for the discussion. If you use content from external sources a citation and reference must be included and the content must be in quotes if taken verbatim.

Answer the following two questions:

1. Within 20 years, we will have seen the emergence of enormous global markets for standardized consumer products. Do you agree with this statement? Justify your answer.
2. Price discrimination is indistinguishable from dumping. Discuss the accuracy of this statement.
3. 
   

How can an efficient logistics function help an international business compete more effectively in the global marketplace?
Name three things that stood out for you over the duration of the course. Why did these items grab your attention? Were they new? Useful? Surprising? Share your ideas on this topic as we wrap up the course.

IBA301 Unit 1 Homework Latest 2017 February

For your homework assignment for week 1 prepare an essay that answers the following questions:

1. A decade ago the idea that medical procedures might move offshore was unthinkable. Today it is a reality. What trends have facilitated this process? Is the globalization of health care good or bad for the American economy?

2. Is the globalization of health care good or bad for patients? Who might benefit from the globalization of health care? Who might lose?

3. How might a universal health insurance program change the current trends in the health care industry? In your opinion, are programs like that offered by Aetna to have surgery conducted in another country truly viable?

Your essay must follow the APA manual of style. This implies it needs to have a cover page, and introduction, conclusions and a list of works cited. The essay should have a minimum of two pages of content (i.e., not including the cover page and list of works cited/references).

Please submit all assignments via BlackBoard for full credit.

All documents must include the homework assignment number and your name. Late submissions will be penalized 20% within a week and 30% within two weeks. No assignments will be accepted after two weeks of due date.

IBA301 Unit 2 Homework Latest 2017 February

Read the “Siemens Bribery Scandal” case beginning on page 150 of your textbook and answer the questions that accompany the case.

The questions must be answered using an essay format. Submit the paper following the guidelines of the APA including academic references as appropriate. References taken from Wikis are not appropriate for this course. This is a 300 level course and you are expected to demonstrate good use of the English language. Spelling and grammar errors are unacceptable; make sure the essay has an introduction and conclusions.

NOTE: Assignments submitted late are subject to a 20% penalty the first week, and 30% the second. No credit will be given to assignments submitted after two weeks from the due date.

IBA301 Unit 3 Homework Latest 2017 February

Read the case on page 347 and 348 of the textbook.

Prepare an analysis of the case that addresses the three questions posted on page 348. This should be an analysis, not the simple answer of the three questions. The analysis must includean introduction, the analysis, and conclusions. You must also incorporate the concepts covered in this week's reading in your analysis.

Submit the paper following the guidelines of the APA including academic references as appropriate. References taken from Wikis are not appropriate for this course. This is a 300-level course and you are expected to demonstrate good use of the English language. Spelling and grammar errors are unacceptable.

NOTE: Assignments submitted late are subject to a 20% penalty the first week, and 30% the second. No credit will be given to assignments submitted after two weeks of due date.

IBA301 Unit 5 Homework Latest 2017 February

Read the "Avon Products" case on pages 404-405 and prepare an analysis based on questions 1- 4 on page 405.

The questions must be answered using an essay format. This is an analysis not the answering of a questionnaire. Submit the paper following the guidelines of the APA including academic references as appropriate. The paper must include a cover page, an introduction, a table of content, the analysis, conclusions, and a list of works cited. Make sure you incorporate the concepts presented by the textbook in your analysis.

References taken from Wikis or .com sites are not appropriate for this course. References must come from textbooks or peer-reviewed journals. This is a 300 level course and you are expected to demonstrate good use of the English language. Spelling and grammar errors are unacceptable.

NOTE: Assignments submitted late are subject to a 20% penalty the first week, and 30% the second. No credit will be given to assignments submitted after two weeks of due date.

IBA301 Unit 4 Research Task Assignment 1 Latest 2017 February

Using globalEDGE™ or your favorite search engine, complete the Research Exercises 1 and 2 locate under the section “Research Task” on page 318.

Prepare a report with an analysis of your findings. For both exercises present a detailed analysis supporting all your answers with arguments. This is a 300 level course and you are expected to demonstrate good use of the English language. Spelling and grammar errors are unacceptable. The report must have a cover page, citations and references as appropriate. Follow the APA guidelines.

NOTE: Assignments submitted late are subject to a 20% penalty the first week, and 30% the second. No credit will be given to assignments submitted after two weeks of due date.

IBA301 Unit 4 Research Task Assignment 1 Latest 2017 February

Using globalEDGE™ or your favorite search engine, complete the Research Exercises 1 and 2 locate under the section “Research Task” on page 318.

Prepare a report with an analysis of your findings. For both exercises present a detailed analysis supporting all your answers with arguments. This is a 300 level course and you are expected to demonstrate good use of the English language. Spelling and grammar errors are unacceptable. The report must have a cover page, citations and references as appropriate. Follow the APA guidelines.

NOTE: Assignments submitted late are subject to a 20% penalty the first week, and 30% the second. No credit will be given to assignments submitted after two weeks of due date.

final

QUESTION 1

Which of the following is not characteristic of globalization?

National economies are turning into independent economic systems.

Material culture is starting to look similar the world over.

Perceived distance is shrinking due to advances in transportation and telecommunications.

Barriers to cross-border trade and investment are declining.

2.5 points Save Answer

QUESTION 2

Globalization has _____ the opportunities for a firm to expand its revenues by selling around the world and _____ its costs by producing in nations where key inputs are cheap.

reduced, reduced

increased, increased

increased, reduced

reduced, increased

2.5 points Save Answer

QUESTION 3

Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have transformed their economies by encouraging all of the following except:

privatizing state-owned enterprises.

regulating markets.

increasing competition.

welcoming investment by foreign businesses.

2.5 points Save Answer

QUESTION 4

Identify the incorrect statement concerning globalization.

It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture.

It has created new threats for businesses accustomed to dominating their domestic markets.

It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.

According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin.

2.5 points Save Answer

QUESTION 5

In the U.S., _____ percent of firms that export are small companies employing fewer than 100 people.

90

75

50

30

2.5 points Save Answer

QUESTION 6

Interdependent political, economic, and legal systems of a country make up its:

administrative agenda.

socioeconomic fabric.

economic environment.

political economy.

2.5 points Save Answer

QUESTION 7

_____ is consistent with the notion that an individual's right to do something may be restricted because it runs counter to "the good of society" or "the common good."

Entrepreneurship

Collectivism

Free enterprise

Capitalism

2.5 points Save Answer

QUESTION 8

According to _____, socialism can only be achieved through violent revolution.

capitalists

communists

social democrats

democrats

2.5 points Save Answer

QUESTION 9

_____ is/are best defined as shared assumptions about how things ought to be.

Norms

Values

Society

Culture

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QUESTION 10

_____ are social conventions concerning things such as the appropriate dress code in a particular situation, good social manners, eating with the correct utensils, neighborly behavior, and the like.

Values

Beliefs

Mores

Folkways

2.5 points Save Answer

QUESTION 11

Mores are:

the norms that are seen as central to the functioning of a society and its social life.

the routine conventions of everyday life.

abstract ideas about what a group believes to be right, good, and desirable.

the social rules and guidelines that prescribe appropriate behavior in particular situations.

2.5 points Save Answer

QUESTION 12

The theory of _____, developed by Michael Porter, focuses on the importance of country factors, in addition to factor endowments, such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.

new trade

absolute advantage

comparative advantage

national competitive advantage

2.5 points Save Answer

QUESTION 13

The theory of _____ makes a crude case for government involvement in promoting exports and limiting imports.

mercantilism

free trade

absolute advantage

comparative advantage

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QUESTION 14

By lowering production costs, _____ help domestic producers compete against foreign imports.

tariffs

duties

quotas

subsidies

2.5 points Save Answer

QUESTION 15

In the United States, the only firms allowed to import cheese are certain trading companies, each of which is allocated the right to import a maximum number of pounds of cheese each year. Identify the trade restriction being imposed by the United States.

Import quota

Subsidy

Ad valorem tariff

Specific tariff

2.5 points Save Answer

QUESTION 16

A quota rent is:

a quota on trade imposed by the exporting country.

levied as a fixed charge for each unit of a good imported.

levied as a proportion of the value of the imported good.

the extra profit producers make when supply is artificially limited by an import quota.

2.5 points Save Answer

QUESTION 17

Which of the following is not a reason why firms prefer to acquire existing assets rather than undertake greenfield investments?

Foreign firms are acquired because those firms have valuable strategic assets.

Firms make acquisitions because they believe they can increase the efficiency of the acquired unit by transferring capital, technology, or management skills.

Even though greenfield investments are comparatively less risky for a firm, acquisitions always yield higher profits.

Mergers and acquisitions are quicker to execute than greenfield investments.

2.5 points Save Answer

QUESTION 18

The rise in FDI in the services sector is a result of all of the following except:

the general move in many developed countries away from manufacturing and toward services.

accelerating regulations of services.

many services cannot be traded internationally.

many countries have liberalized their regimes governing FDI in services.

2.5 points Save Answer

QUESTION 19

Identify the theory that seeks to explain why firms often prefer foreign direct investment over licensing as a strategy for entering foreign markets.

Internalization theory

Internationalization theory

Perfect markets theory

Small markets theory

2.5 points Save Answer

QUESTION 20

An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other is referred to as:

regional economic integration.

socioeconomic integration.

political integration.

economic-political integration.

2.5 points Save Answer

QUESTION 21

In 1991, Argentina, Brazil, Paraguay, and Uruguay implemented an agreement known as:

NAFTA.

MERCOSUR.

APEC.

FTAA.

2.5 points Save Answer

QUESTION 22

Which of the following is true of a common market?

All barriers to the trade of goods and services among member countries are removed and each country maintains its own policy toward nonmember countries.

It involves the free flow of products and factors of production between member countries and adoption of individual external trade policies.

It has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members.

It eliminates trade barriers between member countries and adopts a common external trade policy and a common currency.

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QUESTION 23

The rate at which one currency is converted into another is the:

replacement percentage.

resale rate.

exchange rate.

interchange ratio.

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QUESTION 24

The _____ helps us to compare the relative prices of goods and services in different countries.

interest rate

customs rate

exchange rate

tariff rate

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QUESTION 25

When two parties agree to exchange currency and execute the deal immediately, the transaction is a:

point-in-time exchange.

temporal exchange.

spot exchange.

forward exchange.

2.5 points Save Answer

QUESTION 26

If lots of people want euros and euros are in short supply, and a few people want Japanese yen and yen are in plentiful supply, the euro is likely to _____ against the yen.

depreciate

appreciate

devalue

stabilize

2.5 points Save Answer

QUESTION 27

If the demand for dollars outstrips its supply and if the supply of Japanese yen is greater than the demand for it, what will happen?

The dollar will appreciate against the yen

The dollar will depreciate against the yen

The exchange rates will remain the same

The yen will appreciate against the dollar

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QUESTION 28

A _____ means the value of the currency is fixed relative to a reference currency.

pegged exchange rate

dynamic exchange rate

floating exchange rate

fixed exchange rate

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QUESTION 29

The gold standard had its origin in the use of _____ as a medium of exchange, unit

of account, and store of value.

the U.S. dollar

the British pound

paper currency

gold coins

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QUESTION 30

The great strength claimed for the gold standard was that it contained a powerful mechanism for achieving _____ by all countries.

balance-of-trade equilibrium

economic stability

interest rate parity

equal tariff levels

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QUESTION 31

Market makers are:

financial service companies that connect investors and borrowers.

those who want to borrow money including individuals, companies, and governments.

nonbank financial institutions who want to invest money.

high net worth individuals with surplus cash to reinvest.

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QUESTION 32

All of the following are benefits of global capital markets, except:

they increase the supply of funds available to borrowers.

that the risk to the investment portfolio is reduced to below what could be achieved in a purely domestic capital market.

they provide a wider range of investment opportunities to investors.

they have higher cost of capital as compared to purely domestic capital markets.

2.5 points Save Answer

QUESTION 33

Which of the following statements is not true?

The way to increase the profitability of a firm is to create more value.

The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products.

The more value customers place on a firm's products, the higher the price the firm is able to charge for those products.

The price a firm charges for a good or service is typically more than the value the customer places on that good or service.

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QUESTION 34

The price a firm charges for a good or service is typically less than the value placed on that good or service by the customer. This is because:

the customer's disposable income is significantly higher than what the market demands.

the customer captures some of that value in the form of a consumer surplus.

regulatory mechanisms ensure that the customer is not overcharged for products/services.

marketers implement psychological pricing tactics to ensure that customers perceive the prices to be low.

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QUESTION 35

Which of the following is an example of a primary activity in a firm's value chain?

Information systems

Research and development

Logistics

Human relations

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QUESTION 36

When companies disperse different stages of the value chain to those locations around the world where perceived value is maximized or where the costs of value creation are minimized, companies create:

a differentiated organization.

a location economy curve.

economies of scale.

a global web of value creation activities.

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QUESTION 37

For U.S. firms, the most comprehensive source of export opportunities information is the:

Small Business Administration.

U.S. Department of Commerce.

Federal Trade Commission.

foreign embassy.

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QUESTION 38

A "best prospects" list:

gives the names and addresses of potential distributors in the domestic market.

is provided by the United States and Foreign Commercial Service Agency.

can provide a firm free, customized market research survey on any product.

provides information gathering, technical assistance, and export subsidies.

2.5 points Save Answer

QUESTION 39

According to Levitt, which of the following statements is true?

Technology drives the world toward a converging commonalty.

There are accustomed differences in national preferences.

The multinational corporation operates in a number of countries at low relative costs.

The global corporation operates with resolute consistency at high relative costs.

2.5 points Save Answer

QUESTION 40

Which of the following statements is false?

Product reliability may be a more important attribute in most advanced countries.

Consumers in highly developed countries tend to build a lot of extra performance attributes into their products.

Consumers in the most developed countries are often not willing to sacrifice their preferred attributes for lower prices.

Consumers in the most advanced countries often shun globally standardized products that have been developed with the lowest common denominator in mind.