Int. business midterm

Stefan Linder and David Ricardo advocated the early attempt to develop an international trade theory to support mercantilism

false

The majority of the world's outward FDI has been in the form of imports and exports.

false

Government stability is measured by how quick governments change

false.

WIPO is a UN agency that administers environmental disputes.

true

When governments nationalize a firm, they tell the world that their objective is to

increase the firms profitability preserve jobs

the foreign environment is composed of all the uncontrollable forces originating in the _____ that surround and influence the life and development of the firm

international arena, host nation, and foreign country

CISG has been ratified by many countries and provides a set of uniform rules governing

sales contracts

Religion is a part of a group's culture because it influences behavior through attitudes and beliefs.

true

When a manager unconsciously imparts his or her own cultural values on a situation without taking into account the possibility that the culture might vary in a foreign environment, that manager is exhibiting a self-reference criterion.

true

Q1 In examining the volume of international trade exports of services grew faster than trade in merchandise for the last 20 years.

True

International business denotes

a business with operations in multiple nations. business conducted within a foreign country. can organization with multi country affiliates. an organization that attempts to standardize operations worldwide

E. T. Hall suggests that to learn another culture well, you have to undergo extensive training or spend

a lifetime in the other culture

Gwyn works for a paper manufacturer and recommended to the product development team that sourcing from recycled goods would help preserve the forests for future generations. What is Gwyn referring to?

environmental sustainability

The forces over which the management does not have any command are called

external/uncontrollable

Governments nationalize private firms in order to

extract money from the firms when the firms are suspected of concealing profits.

When considering where to export, pragmatist global marketers would look into the following factors:

-the cultures of the two countries should be relatively similar and compatible -The climate for FDI in the importing nation is relatively favorable -export and import regulations are not insurmountable -the infrastructure for exporting is favorable

The governments of some countries may decide they want to extract more money from businesses. What measure might they take to achieve this?

They may nationalize businesses by confiscation. They would enact isolationism by compensation

The most important sources of international law are

bilateral and multilateral treaties, along with customary law

Q1 polycentric communication across cultural borders indicates

business managers are ready to manage diverse manpower wherever they go

The theory of overlapping demand suggests that

international trade in manufactured goods will be more common between countries with similar levels of income.