International bissiness quiz 2, ch 3-5

How many countries in the EU use the euro as their currency? Question 7 options: 17 23 15 7

17

Every continent has inland waterways that provide inexpensive access to interior markets except: Question 18 options: Russia. North Africa. Australia. North America.

Australia.

Porter in his diamond model distinguishes two types of factor conditions: Question 20 options: positive and negative factors. contributing and disaggregating factors. advanced and basic factors. foreign and domestic factors.

advanced and basic factors.

In high-context cultures, face-to-face relationships tend to be important and: Question 10 options: knowledge is situational. decisions focus around personal relationships. long term. all of the above.

all of the above.

The Chinese concept of guanxi is an example of: Question 5 options: an informal, cognitive institution. a regulative, formal institution. a favorite cooking method of Chairman Mao. taken-for-granted approaches to friendship relations.

an informal, cognitive institution.

In order to really understand another culture: Question 12 options: living in it is important, but you don't need to know the spoken language. both the spoken and unspoken languages are important to understand. the unspoken language is enough because it allows you access to the culture. A and C.

both the spoken and unspoken languages are important to understand.

If people belong to strong, cohesive in-groups that look after them in exchange for loyalty, the culture is likely to be: Question 13 options: low context. collectivist. economically underdeveloped. democratic. Save

collectivist.

The WTO exists to: Question 3 options: establish and help implement rules of trade among nations in order to increase trade flows. monitor and reduce the amount of trade from developing nations to developed nations. ensure that the industrial revolution continues to support the economies of developed nations. B and C.

establish and help implement rules of trade among nations in order to increase trade flows.

World Bank studies have shown that underdevelopment is often due to: Question 16 options: factors such as parasites and viruses that are a part of tropical climates and expand unchecked because of the lack of winter temperatures. mental slowness in people of the climates around the equator. socialist political regimes. lack of government investment in education.

factors such as parasites and viruses that are a part of tropical climates and expand unchecked because of the lack of winter temperatures.

Hofstede's masculinity-femininity dimension suggests that, as an international manager, you might well: Question 11 options: avoid feminine cultures because their production levels will lag. avoid very masculine cultures because they violate EEOC standards. find men and women equally ready to assume leadership roles in a feminine culture. find women too competitive in a feminine culture. Save

find men and women equally ready to assume leadership roles in a feminine culture.

Culture includes everything but: Question 9 options: religion. religion and politics. higher education and universal values. none of the above.

none of the above.

The major function of the World Bank is to serve as a: Question 2 options: nonprofit banking cooperative for its members to meet development needs. central bank for the world's central bankers. nonprofit cooperative to finance the educational needs of its members. investor of funds in global businesses in order to create value for its shareholders.

nonprofit banking cooperative for its members to meet development needs.

Stakeholder theory pushes managers to be clear about how they want to do business, so it encourages: Question 14 options: recognition of and transparency with values and underlying principles. discussion of profit center margins. strategy development from the top down. B and C.

recognition of and transparency with values and underlying principles.

The WTO is the only international organization designed to establish and help implement: Question 6 options: efforts at peace between nations. rules of trade among nations. security measures between nations. strategic planning for developing nations.

rules of trade among nations.

The IMF initially played a central role in: Question 1 options: establishing trade initiatives through GAAP measures. supporting war-torn nations of Europe as they recovered from their devastation. setting fixed exchange rates among nations' currencies with an established par value based on gold. the monitoring of EU initiatives to restrain trade with South Africa.

setting fixed exchange rates among nations' currencies with an established par value based on gold.

According to the text, the fastest-growing renewable energy source is: Question 19 options: solar PV. nuclear power. wind power. biomass.

solar PV.

The EU began as a common market for: Question 4 options: all imported goods from beyond Europe. the textile and dairy industries. the transportation industries. the coal and steel industries.

the coal and steel industries.

The most serious recent challenge to the EU has been: Question 8 options: the recent financial crisis. the arrest of the IMF's Strauss-Kahn. immigration-provoked social unrest. weather changes that have resulted in rising sea levels and warmer temperatures.

the recent financial crisis.

Physical barriers that have led to the development of separate languages in the same country are known as: Question 15 options: political and cultural patterns. topographical barriers. linguistic tariffs. differentiating borders.

topographical barriers.

A way to measure a company's success in sustainable business practices is: Question 17 options: to examine the return on investment. triple-bottom-line accounting. to monitor the company in a social context. to review the marketing materials.

triple-bottom-line accounting.