Chapter 5 Practice Problems
Which of the following countries remains largely underdeveloped but has a high-potential economy? a. Cuba b. China c. Taiwan d. Japan
B
Christianity
US and Brazil
Which aspect of Argentina's political/legal environment most concerns you? a. the potential risk of nationalization b. infrastructure c. incentives for international trade d. export restraint agreements on wine exports
A
Major stimulus to international trade following WWII
GATT
An untouchable body part in Indonesia and Thailand is?
Head
Individualism
the cultural belief that a person comes before the group
Collectivism
the cultural belief that the needs of the group as a whole come before the needs of one person
Hindu
India
An untouchable body part in Pakistan is?
Left hand
What term best describes the economic system in Argentina? a. high-potential/high-growth b. mixed market c. emerging market d. mature market
D
Which of the following is a pure type of property ownership? a. Communal ownership b. Complete private ownership c. Joint tenancy d. Complete open access
B
Kiss
none
Which country should you avoid wearing purple? a. Pakistan b. Russia c. Bangladesh d. Brazil
D
_____, an extreme of social orientation, is the belief that the group comes first. a. Totalitarianism b. Individualism c. Marxism d. Collectivism
D
While performing the function of organizing in a global economy, managers should: a. avoid change. b. deal with human resources. c. eliminate the responsibility of local managers. d. promote organizational inflexibility.
B
____ is a tax collected on goods shipped across national boundaries. a. Carucage b. A tariff c. Tithe d. A fee
B
A global business: a. buys raw materials and sells finished products to a single country. b. transcends national boundaries and is not committed to a single home country. c. restricts its trade operations to within the home country and its neighboring countries. d. borrows money from a single country to manufacture and sell its products and services.
B
An import/export operation is advantageous because it: a. adapts a product to local conditions easily. b. is an easy way to enter a market with a small outlay of capital. c. is subject to low transportation expenses. d. involves paying low taxes and tariffs to the government.
B
International managers: a. have a minimal understanding of environmental issues. b. need to organize to implement their plans. c. are not required to develop control mechanisms. d. do not interact with those who are lower in the hierarchy.
B
Which country should you give a printed business card to all of your associates? a. US b. Japan c. Pakistan d. Bangladesh e. China
B
The _____ was a major stimulus to international trade after it was first ratified in 1948 by 23 countries. a. North American Free Trade Agreement (NAFTA) b. Preferential Trade Arrangement c. General Agreement on Tariffs and Trade (GATT) d. Multilateral Agreement on Investment
C
Which of the following is true of Multinational Corporations (MNCs)? a. Their employees are not accountable to a central authority. b. They do not give their managers discretion to address regional issues. c. They transfer capital and information from one market to another. d. Their primary goal is to expand within the domestic market.
C
Which if the following might you be asked your family size or income on the first meeting with a new business associate? a. Indonesia b. Japan c. Pakistan d. China e. Bangladesh
C and D
Which country should gum not be chewed at work? a. Brazil b. Nigeria c. Russia d. Pakistan e. Indonesia
C and E
Buddhism
China
Which country is smiling in public considered suspicious?
China
A(n) _____ is a business that is based primarily in a single country but acquires some meaningful share of its resources or revenues (or both) from other countries. a. racketeering business b. intranational business c. domestic business d. international business
D
An untouchable body part in India is ?
Ear
Bow
India and Indonesia
Islam
Indonesia
Because Argentina is a mixed market economy rich in oil reserves, it is similar to the ?
Middle East
An untouchable body part in China is?
Mouth
Shake hands
Nigeria, Brazil, and Russia
Infrastructure
Presence or absence of power plants, railroads, highways, communication systems, and ports
Which country is whistling considered bad luck?
Russia
Power tolerance
Willingness to question a decision from someone in a position of power
Aggressive goal behavior
a high performance on material possessions and money
Uncertainty acceptance
an affinity for change and new opportunities
The _____ is an agreement made by the United States, Canada, and Mexico to promote trade with one another. a. European Union Free Trade Agreement b. Multilateral Agreement on Investment c. General Agreement on Tariffs and Trade (GATT) d. North American Free Trade Agreement (NAFTA)
D
Which of the following countries do people laugh as a way of covering up embarrassment or displeasure? a. Nigeria b. Japan c. Bangladesh d. Brazil
b
Which country do you insult people by addressing them in Spanish? a. Guatemala b. Bolivia c. Mexico d. Costa Rica e. Brazil
e
European Union is a ?. Its memeber coutries engage in high levels of trade with one another and keep trade barriers to a minimum
market system
Power respect
respect for the right of someone to hole power