FIU MAR4156 quiz 1

Offered Price: $ 18.00 Posted on: 01/17/2014 02:52 PM Due on: 01/29/2014
Question # 00006805 Subject Business Topic International Business Tutorials: 1
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Question 1

Which of the following is a possible outcome of the "alien status" of a company?

An increase in protectionist federal policies.

A positive balance of trade.

A sharp rise in domestic and international demand.

A huge trade deficit.

An economic situation of the magnitude of the Great Depression.

Question 2

Which of the following reflects the relationship between international business and domestic business?

Domestic businesses find it relatively easy to manage profits in the current scenario.

Domestic businesses find it relatively easy to manage profits in the current scenario.

Most domestic businesses are the result of customization efforts of international businesses.

The ability to invest abroad is to a large extent a function of domestic economic vitality.

Domestic businesses are more viable as capital tends to move toward minimum use.

Question 3

_____ is a controllable element in both domestic and international marketing environments.

Economic climate

Competition within the home country

Price of products

Political forces

Foreign policies

Which of the following firms has a better chance of accelerating the internationalization process?


Question 5

The primary obstacles to success in international marketing are a person's _____ and an associated ethnocentrism.

Question 6

What is the most profound change for firms at the global marketing stage of internationalization?


Question 7

The firms at the stage of regular foreign marketing of international marketing involvement:


Question 8

Which of the following is an uncontrollable element for an international marketer?

Question 9

Which of the following is an essential requirement for companies to succeed in international markets?

Binding strictly to their traditional methods of operations to succeed in international markets.

Focusing primarily on their production to meet the demands at home.

Venturing into multiple markets at once.

Committing themselves completely to foreign markets.

Focusing on improving the domestic market to invest the returns in international markets.

Question 10

_____ impedes the ability of a person to assess a foreign market in its true light.

0.5 points

Question 11

After World War II, the United States led efforts like the Marshall Plan to assist in rebuilding Europe, financial and industrial development assistance to rebuild Japan, and funds channeled to foster economic growth in the underdeveloped world. These efforts were primarily aimed at:


Question 12

The Foreign Corrupt Practices Act (FCPA) is specifically addressed in the _____ section of the Omnibus Trade and Competitiveness act.

Question 13

Which of the following acronyms refers to the international forum that was created for member countries to engage in the negotiation of tariffs and other barriers to trade?

Question 14

Which section of the Omnibus Trade and Competitiveness Act recognizes that foreign penetration of U.S. markets can cause serious competitive pressure, loss of market share, and, occasionally, severe financial harm?

Question 15

After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. The _____, aimed at assisting in rebuilding Europe, is the plan most closely associated with this endeavor.

Question 16

What was the outcome for the GATT after the ratification of the Uruguay Round agreements?

Question 17

An agreement signed willingly between the importing country and the exporting country for a restriction on the volume of exports is called a:


Question 18

Randall Smithe-Jones believes that protectionism is the only way to save the United Kingdom from outside competitors. He has seen small businesses go bankrupt because cheaper foreign goods have been more popular. The cell-phone manufacturing industry has just started in U.K and Smithe-Jones' company is one of the first to try its hand at cell-phone manufacturing. Which of the following would probably be the argument that Smithe-Jones would use to persuade his government representatives that protectionism is still needed in the U.K.?


Question 19

Which of the following types of nontariff barriers strictly falls under the category of specific limitations on trade?

Question 20

_____ and the World Bank Group are two global institutions created primarily to assist nations in becoming and remaining economically viable.


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  1. FIU MAR4156 quiz 1

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