Packet 61- 90

Retailing takes place whenever goods are

sold to the ultimate customer

Which of the following is a reason that a company would decide to offer its products in other countries?

to expand to new, untapped markets

Which of the following is a situation that might make businesspeople from other countries feel uncomfortable and impact their ability to conduct business?

Standing very close to others during conversations

Which of the following factors has aided the most in creating a global business environment?

Technology

An American businessperson in London was offered a "cuppa" by the company's receptionist. The business person did not know that the receptionist was offering a cup of tea. This is an example of

a language barrier

One way in which many businesses demonstrate their social responsibility toward employees is by providing them with

a safe working environment

Companies that operate at the international level should be aware of political factors that affect trade, such as civil unrest or

embargoes

One reason that some US businesses have moved some of their operations overseas is to

lower their labor costs

Formal relationships and a distinctive chain of command are characteristics of the ______ organizational business structure.

mechanistic

When meeting with business people from other countries, it is important to understand social differences, such as bowing, handshaking, and special comfort, which are often called

non-verbal cues

With Rosita's pizza shop, financial analysis is used to

obtain funding for supplies

Which of the following is an environmental factor that affects the performance of businesses that market products on a global level?

political risk

Franco's Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in?

promoting the new bread through advertising

One reason why many businesses develop an organizational design that requires a board of directors is because a board

provides experience that increases the business's credibility

Businesses can show their social responsibility by contributing to

public interests

TeJuan's Fishing Shack demonstrates effective information management by

removing wasted materials from the process of providing goods to a customers

Which of the following is an example of nonverbal communication that might have a different meaning to business people in other parts of the world ?

shaking hands when greeting a customer

One reason that businesses use a matrix organizational design is to

share human resources

Online chats, forums and communities that enable businesses to learn about the wants and needs of their worldwide target market have created a new form of

social relationships

A socially responsible business will attempt to give customers

the best products at the best prices

Human resources management is demonstrated in which of the following statements?

the business takes care of responsibilities associated with having problems.

A nation that exports more than it imports maintains a

trade surplus

A manufacturer is a type of business that

turns raw goods into useful products.

A country with a weak currency value tends to

Decrease its imports and increase exports

Which of the following is a characteristic of the organic organizational business structure?

Delegation emphasis

Which of the following demonstrates the interrelationship among primary business activities?

One business activity changes, so the others must adjust in response.

The US produces widgets faster and cheaper than Switzerland. In this example, the US has a(n) _____ advantage.

absolute

Which of the following is a benefit of international trade?

an improved standard of living

Three primary factors that affect the organizational structure of a business include interpersonal relationships, tasks, and

authority

Levels of inflation and unemployment are factors that affect _________ in the world market.

competition