If a behavior is considered ethical, this most likely suggests it is ____.
Answer
Correct Answer:
Morally right
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Press and hold the ____ key as you click a link on a webpage to open a new webpage in a new tab.
Answer
Correct Answer:
Ctrl
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It is a good idea to ____ a webpage before you print it.
Answer
Correct Answer:
Preview
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Journalists serve as __________ of information passing from foreign policy elites to the public.
Answer
Correct Answer:
Filters
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In mexico, ________ is of central importance.
Answer
Correct Answer:
Family
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The council of the european union is the ________ body of the european union.
Answer
Correct Answer:
Legislative
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Investors use the foreign exchange market for ________.
Answer
Correct Answer:
Currency speculation
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In countries with high illiteracy rates, a(n) ________ should not be used to collect information.
Answer
Correct Answer:
Written survey
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Concentration of production is appropriate when _____.
Answer
Correct Answer:
The product serves universal needs
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A ________ culture is characterized by people standing close together and touching a great deal.
Answer
Correct Answer:
High-contact
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Changing the meaning of words by changing the inflection of your voice is an example of ________.
Answer
Correct Answer:
Paralanguage
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Gift exchanges are less likely to be considered a conflict of interest in a ________ culture.
Answer
Correct Answer:
High-context
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An employee's needs are determined largely by ________.
Answer
Correct Answer:
The cultural context of values and attitudes
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A country's ability or intention to meet its financial obligations determines its ________.
Answer
Correct Answer:
Economic Risk
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Ethnocentrism in international business refers to the ________.
Answer
Correct Answer:
Belief that what works best at home should work best everywhere
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When interferon from one cell attaches to a second cell, _________.
Answer
Correct Answer:
The recipient cell makes enzymes that degrade mRNA and prevent viral protein synthesis
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To build four new manufacturing plants in europe is an example of a(n) ____________.
Answer
Correct Answer:
Strategy
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Country risk is considered similar to ________.
Answer
Correct Answer:
Political risk.
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A guideline for responsible action by a firm in its operations worldwide is a(n) ________.
Answer
Correct Answer:
Code of conduct
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A ________ is the lowest extent of national integration.
Answer
Correct Answer:
Free-trade area
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A _____ involves complete political and economic integration, either voluntary or enforced.
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Correct Answer:
Political union
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________ refers to socially learned traits associated with, and expected of, men or women.
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Correct Answer:
Gender
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_____ is concerned with the present measurement of past events.
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Correct Answer:
Translation Exposure
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_____ is a hidden cost to basing production in a foreign location.
Answer
Correct Answer:
Poor product quality
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_____ assumes that economic decisions are influenced by human behavior.
Answer
Correct Answer:
Behavioral economics
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In ________, operations outside the home country are managed by individuals from the host country.
Answer
Correct Answer:
Polycentric staffing
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Which of the following is an example of an import quota? the united states _____ .
Answer
Correct Answer:
Limits the quantity of auto parts the U.S. car makers may buy from China
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The ____ is defined as the difference between the offered price and the bid price.
Answer
Correct Answer:
Spread
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A(n) ____ union represents complete integration of all public affairs within a region.
Answer
Correct Answer:
Political ...
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Fibcs are used for shipping _____ cargo.
Answer
Correct Answer:
Granular
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Tariff-quotas are used extensively in the trade of ________.
Answer
Correct Answer:
Agricultural products
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A(n) ________ tariff is levied as a percentage of the stated price of an imported product.
Answer
Correct Answer:
Ad valorem tariff.
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______ has been the worlds largest investor since world war ii.
Answer
Correct Answer:
The United States
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Traditionally, japan's employment relationships were supported by _____.
Answer
Correct Answer:
Lifetime security within the company
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The two primary means by which companies obtain external financing are ________ and ________.
Answer
Correct Answer:
debt, equity
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The smallest portion of the total world trade comprises trade between ________.
Answer
Correct Answer:
Low income and middle income nations.
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The importance of trade for a nation can be measured by ________.
Answer
Correct Answer:
Examining the volume of its trade relative to its total output
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One of the major pillars upon which the practice of mercantilism rested was ________.
Answer
Correct Answer:
Trade surpluses
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No proposed legislation becomes eu law unless the ________ votes it into law.
Answer
Correct Answer:
European Parliament
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Nations having the poorest infrastructures and lowest personal incomes are called ________.
Answer
Correct Answer:
Developed countries
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Lessard and lorange refer to company-generated forecasts of future spot rates as the _____.
Answer
Correct Answer:
Forward exchange rate
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A majority of the total world merchandise trade occurs among ________.
Answer
Correct Answer:
High-income economies
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Governments confiscation of foreign assets is known as _____.
Answer
Correct Answer:
Expropriation
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A person found speeding is considered to have committed a(n) ________.
Answer
Correct Answer:
Violation
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Company debt normally takes the form of ________.
Answer
Correct Answer:
Bonds
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A business-level strategy in which a company exploits economies of scale is called a ________.
Answer
Correct Answer:
Differentiation strategy
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The strategy that beanstalk would most likely want to follow is called a ________ strategy.
Answer
Correct Answer:
Multinational
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Governments in developing countries impose fewer consumer protection laws in order to ________.
Answer
Correct Answer:
Hold down production costs and consumer prices
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An offset agreement differs from a counterpurchase agreement in that an offset agreement ________.
Answer
Correct Answer:
Fails to specify the type of product that must be purchased
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The least amount of sovereignty that must be surrendered to a trading bloc occurs in a ________.
Answer
Correct Answer:
Free Trade Area
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The centralization of production facilities is a typical policy for companies that pursue ________.
Answer
Correct Answer:
A multinational strategy
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Companies involved in direct exporting typically rely on ________.
Answer
Correct Answer:
Distributors
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Another term for neomercantilism is ________.
Answer
Correct Answer:
Economic nationalism
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________ appeals to companies because it lowers the amount of taxes the companies must pay.
Answer
Correct Answer:
Debt
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Globalization results in a greater degree of _____ across markets than would be present otherwise.
Answer
Correct Answer:
Homogeneity
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Advance payment is commonly used for export/import financing when ________.
Answer
Correct Answer:
Two parties are unfamiliar with each other
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Another name for diagnostic software tools is ____.
Answer
Correct Answer:
Utility software
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Guanxi, in the chinese business context, means ________.
Answer
Correct Answer:
Personal relationships
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A retrenchment strategy is designed to ________.
Answer
Correct Answer:
Reduce the scale or scope of a corporation's operations.
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A ________ strategy can create cost savings due to product and marketing standardization.
Answer
Correct Answer:
Retrenchment.
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In china, there is about a _____ percent chance that ip laws will be enforced properly.
Answer
Correct Answer:
30
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The essence of a differentiation strategy is to ________.
Answer
Correct Answer:
Offering unique features that fulfill the demands
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The concept of guanxi, defined as ______, is important in _____ business culture.
Answer
Correct Answer:
A system of reciprocal exchanges of favors
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Changes in _________ have been a driving force for growth in global markets for decades.
Answer
Correct Answer:
Technology
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Budgets and capital spending are the most important _____ in subunits within multinational firms.
Answer
Correct Answer:
Bureaucratic Controls
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With a global strategy for conducting business internationally, a company competes ________.
Answer
Correct Answer:
Primarily on the basis of price while selling a standardized product
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Labor force ____ are a key locational determinant as supply chains become more global in nature.
Answer
Correct Answer:
Wage rates
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In order to maximize a firm's global human resources, ihr managers need to ________.
Answer
Correct Answer:
Promote the role of women in international management
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Ngos include organizations such as __________.
Answer
Correct Answer:
Greenpeace and the International Olympic Committee
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An international manager can best develop an understanding of a particular culture by ________.
Answer
Correct Answer:
Creating a cultural profile for that country or region in which the firm does business
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According to hofstede's findings, cultures tend to be either _______ or _______.
Answer
Correct Answer:
Power respecting and collectivist, power tolerate and individualist
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______ risk occurs when a firm’s property is threatened through expropriation or confiscation.
Answer
Correct Answer:
Ownership
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Tokens of appreciation and grease money are considered ________.
Answer
Correct Answer:
Questionable payments
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The initial focus in facility location is on a ____.
Answer
Correct Answer:
Region
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An appropriate compensation and benefits package is most likely to ________.
Answer
Correct Answer:
Motivate employees
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A comprehensive alliance is formed when two or more firms ________.
Answer
Correct Answer:
Agree to perform together multiple stages of the process to bring goods or services to market
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In a quoted exchange rate of $1.69/british pound, the british pound is called the ________.
Answer
Correct Answer:
Base currency
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World Trade Organization (WTO) is a global organization composed of ____member countries, dealing with the rules of trade to ensure smooth and peaceful global trade agreements, a forum to negotiate trade agreements, and a place to resolve trade disputes.
Answer
Correct Answer:
164
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U.S. The Department of Justice (DOJ) has ___and criminal enforcement powers for violations of the anti-bribery and accounting provisions of the FCPA.
Answer
Correct Answer:
Civil
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A declaration of “inalienable _____of all people, at all times, in all places.” is known as Universal Declaration of Human Rights (UDHR)
Answer
Correct Answer:
Entitlements
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A USMCA is a more modern version of____, with some changes to the rules for the auto industry and dairy markets, and changes to labor and environmental standards.
Answer
Correct Answer:
NAFTA
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The UN Commission on Human Rights is Established in ____ with the goal of developing a set of rights to which all human beings on the planet are entitled.
Answer
Correct Answer:
1947
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A United Nations is a global body made up of many nations seeking to work together to ensure international peace and security, provide humanitarian aid, promote _____ development, uphold international law, and protect human rights.
Answer
Correct Answer:
Sustainable
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Treaties consensual agreements between the city who sign them?
Answer
Correct Answer:
False
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Tariff is a?
Answer
Correct Answer:
Both a and b
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A benefit given to an individual, business, or institution—usually by the government is known as ?
Answer
Correct Answer:
Subsidy
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The Special Economic Zone is usually part of a______ strategy to help a country develop and diversify exports while protecting domestic businesses.
Answer
Correct Answer:
Larger economic growth
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________ are restraining international trade in order to protect local businesses and jobs from foreign competition?
Answer
Correct Answer:
Protectionism
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Organization for Economic Cooperation and Development (OECD) had Founded in____ to promote global economic and social well-being.
Answer
Correct Answer:
1963
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OECD Working Group on Bribery is a process by which member countries conduct year-round reviews of other member countries’ ____to and compliance with the convention.
Answer
Correct Answer:
Commitment
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“NAFTA” A multilateral trade agreement between______, the United States, and Mexico whereby the three countries agreed to remove almost all tariffs among them allowing for the free flow of goods across the borders?
Answer
Correct Answer:
Canada
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Natural Law is a set of ______beliefs that some acts are right and some acts are wrong.
Answer
Correct Answer:
Instinctual
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Most-Favored-Nation Status of the principle that some members must be treated not equally in terms of tariffs.
Answer
Correct Answer:
False
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_______ are precursors to the United Nations; intended to promote international cooperation and work toward peace and security.
Answer
Correct Answer:
League of Nations
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International Covenant on Economic, Social, and______Encompasses rights established in the UDHR and establishes everyday rights such as the right to life, equality before the law, the right to work, and the right to education.?
Answer
Correct Answer:
Cultural rights
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International Covenant on Civil and Political Rights encompasses rights such as the right to work for fair wages, the right to a safe work environment, right to social security, to an adequate standard of living, to enjoy the highest achievement of physical and________, and the right to participate in cultural life and the benefits of science?
Answer
Correct Answer:
Mental health
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International Bill of Human Rights encompass the rights established in the UDGR and establish everyday rights such as the right to life; equality before the law; the right to______liberties such as religion, expression, and assembly; the right to work; and the right to education /
Answer
Correct Answer:
Individual
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A type of special economic zone targeted at specific economic activity with infrastructure to suit the needs of that particular industry Is it known as ?
Answer
Correct Answer:
Industrial Zone.
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A limit on the number of products that can be imported over a period of time is known as ?
Answer
Correct Answer:
Import Quota
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GATT Signed by_____; agreement that states that each member must confer most-favored-nation status to every other member, prohibits many import and export restrictions, and eliminates tariffs on imports from developing countries.
Answer
Correct Answer:
23 countries
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A type of special economic zone used as part of a_________ strategy to help a country develop and diversify exports while protecting the businesses in that FTZ to help them create jobs and pilot new business strategies?
Answer
Correct Answer:
Larger economic growth
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FCPA Prohibits American companies from paying bribes or giving “anything of value” to a foreign official to win an “_______” in business.
Answer
Correct Answer:
Improper advantage
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A Facilitation Payment small payment given to _____government officials to speed up routine governmental actions.?
Answer
Correct Answer:
Low-level
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Dumping occurs when an exporter sells a small volume of goods in a foreign country at a higher price than it charges its own domestic market.?
Answer
Correct Answer:
False
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A cash payment to relieve a burden is known as ?
Answer
Correct Answer:
Direct Subsidy
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Customs that are accepted universally as international law known as?
Answer
Correct Answer:
Customary International Law (CIL)
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A state practice that people of that state would consider illegal to break is known as ?
Answer
Correct Answer:
Custom
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The Cultural Norms are the desire to learn and understand the same cultures. This leads to the development of cultural competence?
Answer
Correct Answer:
False
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The standards we live by and are shared by living things within a social group?
Answer
Correct Answer:
False
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A person’s effectiveness in drawing upon their knowledge, skills, and personal traits in order to successfully work with people from a different culture, whether that happens among culturally diverse workers or customers at home or in a different country is known as ?
Answer
Correct Answer:
Cultural Competence
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Adopted by the OECD to assure a “functional equivalence among measures taken by the parties to sanction bribery of foreign public officials” with each country having to change their legal system is known as the Anti-Bribery Convention?
Answer
Correct Answer:
False
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Alien Tort Statute (ATS) Statute that gives U.K. federal courts jurisdiction to hear “any civil action by an alien for a tort only, committed in violation of the law of nations or a Treaty of the United Kingdom.”?
Answer
Correct Answer:
False
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A (TRIPS) multilateral agreement with the goal of facilitating domestic trade in a consistent and beneficial manner in terms of economies and public welfare.
Answer
Correct Answer:
False
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