Saint GBA440 quiz 1

Grade Details - All Questions

Question 1. Question :

_______ are all goods and services sold abroad and sent out of a country.

Student Answer: Global products

Exports

Global licenses

Imports

Points Received: 1 of 1

Comments:

Question 2. Question :

All goods and services purchased abroad and brought into a country are called ________.

Student Answer: domestic products

exports

national products

imports

Points Received: 1 of 1

Comments:

Question 3. Question :

Any commercial transaction that crosses the borders of two or more nations is known as ________.

Student Answer: an export

e-business

international business

an import

Points Received: 1 of 1

Comments:

Question 4. Question :

________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.

Student Answer: Importing

Globalization of production

Global strategy development

Globalization of markets

Points Received: 1 of 1

Comments:

Question 5. Question :

Which of the following most likely represents the greatest accomplishment of the 1994 revision of the GATT?

Student Answer: Creation of the World Trade Organization

Creation of regional trade agreements

Creation of the World Bank

Creation of the International Monetary Fund

Points Received: 1 of 1

Comments:

Question 6. Question :

The ________ enforces rules of international trade.

Student Answer: WTO

NAFTA

GATT

None of the above

Points Received: 1 of 1

Comments:

Question 7. Question :

The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's:

Student Answer: gross domestic product (GDP).

trade balance.

gross national product (GNP).

production quotient.

Points Received: 1 of 1

Comments:

Question 8. Question :

The ________ is an agency created to provide financing for national economic development efforts.

Student Answer: International Monetary Fund

World Trade Organization

European Union

World Bank

Points Received: 1 of 1

Comments:

Question 9. Question :

Critics of globalization argue that globalization causes environmental conditions to:

Student Answer: increase gradually.

remain at status quo levels.

decline slightly, then level off.

decline significantly.

Points Received: 1 of 1

Comments:

Question 10. Question :

Which of the following terms is defined as the set of values, beliefs, rules, and institutions held by a specific group of people?

Student Answer: Customs

Rituals

Culture

Aesthetics

Points Received: 1 of 1

Comments:

Question 11. Question :

Which of the following is the best example of a case in which ethnocentricity undermines an international business project?

Student Answer: International investors avoid investing in an Indian company because they are unsure of India's commitment to free markets.

Production falls at a U.S.-owned factory in Japan because workers react negatively to American management techniques.

China relies on its natural resources and inexpensive factory labor to promote its country's economic development.

Korean managers of a manufacturing company are sent to East European plants to learn the work habits of local workers.

Points Received: 1 of 1

Comments:

Question 12. Question :

________ are positive or negative evaluations, feelings, or tendencies that individuals harbor toward objects or concepts.

Student Answer: Customs

Attitudes

Manners

Values

Points Received: 1 of 1

Comments:

Question 13. Question :

Which of the following terms is used to refer to any element that represents a culture's way of life, including gestures, material objects, traditions, and concepts?

Student Answer: Intangible product

Tangible product

Aesthetic

Cultural trait

Points Received: 1 of 1

Comments:

Question 14. Question :

Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations?

Student Answer: Customs

Attitudes

Values

Manners

Points Received: 1 of 1

Comments:

Question 15. Question :

A ________ is a system of social stratification in which personal ability and actions determine an individual's social status and mobility.

Student Answer: genealogy system

moksha system

caste system

class system

Points Received: 1 of 1

Comments:

Question 16. Question :

According to Hofstede's framework, which of the following describes the degree of inequality between people in different occupations?

Student Answer: Power distance

Uncertainty avoidance

Individualism

Collectivism

Points Received: 1 of 1

Comments:

Question 17. Question :

Which of the following believes that salvation comes from faith in God and that hard work gives glory to God?

Student Answer: Hindus

Muslims

Buddhists

Protestants

Points Received: 1 of 1

Comments:

Question 18. Question :

Which of the following refers to the belief that every aspect of people's lives must be controlled for a nation's political system to be effective?

Student Answer: Totalitarianism

Capitalism

Anarchism

Pluralism

Points Received: 1 of 1

Comments:

Question 19. Question :

The belief that both private and public groups play important roles in a nation's political activities is called ________.

Student Answer: totalitarianism

capitalism

anarchism

pluralism

Points Received: 1 of 1

Comments:

Question 20. Question :

Representative democracies strive to provide all of the following except ________.

Student Answer: periodic elections

politicized bureaucracies

freedom of expression

full civil and property rights

Points Received: 1 of 1

Comments:

Question 21. Question :

All of the following are methods used by companies to manage political risk except ________.

Student Answer: political influence

information gathering

adaptation

expropriation

Points Received: 1 of 1

Comments:

Question 22. Question :

________ is the forced transfer of assets from a company to the government with compensation.

Student Answer: Expropriation

Nationalization

Confiscation

Localization

Points Received: 1 of 1

Comments:

Question 23. Question :

Which of the following was initially a code governing moral and ethical behavior that was later extended to govern commercial transactions?

Student Answer: Civil law

Hindu law

Common law

Islamic law

Points Received: 1 of 1

Comments:

Question 24. Question :

A ________ is a right granted to the inventor of a product or process that excludes others from making, using, or selling the invention.

Student Answer: patent

trademark

civil right

copyright

Points Received: 1 of 1

Comments:

Question 25. Question :

Scenario: Susan Goes Global with Grape Fizz

Susan is the CEO of Grape Fizz, a global drinks-manufacturing company. She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.

Susan decides not to set up production facilities in Konesia because its business laws are vague and are often interpreted according to the convenience of the government. Bribery is a common feature in conducting business deals there and a refusal to pay up is not an option. What kind of government does Konesia have?

Student Answer: Democratic

Theocratic

Totalitarian

Pluralist

Points Received: 1 of 1

Comments: