? QUIZZES International Management (Koren Borges UNF)

A foreign direct investment occurs when ________.

A company has a controlling interest in a foreign company.

Imported flowers are now a stronger competitor to U.S. grown flowers in the U.S. market. Which of the following is likely the MOST important factor for this increase in imports?

Advances in transportation.

Rockwall Enterprises is planning to expand the firm by establishing operations outside of the United States. In which of the following countries would Rockwall most likely be able to establish operations most quickly?

Australia.

Which of the following is a statement that summarizes all economic transactions between a country and the rest of the world during a given period of time?

Balance of Payments.

In computing GNI, the value of a Ford car that is manufactured in Mexico using capital from the United States would ________.

Be added to the GNI of the United States but not the GNI of Mexico.

Although the U.S. film industry depends heavily on revenue in foreign countries, revenue from international markets is usually low for a sports-themed film. This is most likely due to ________ factors.

Behavioral

A company starting out with a global focus, usually because of the international experience of its founders, is called a ________.

Born-global company.

Jack, an American accounts manager, is preparing a presentation for a group of Japanese businesspeople. Jack's presentation would be most effective if he ___________.

Budgeted extra time for translation and clarification.

In societies where trust is high, ________.

Business costs are typically lower.

A ________ law system is based on a systematic and extensive codification of laws and puts political officials in charge of specifying accessible, detailed, and written law that applies to all citizens.

Civil

Which of the following statements referring to intellectual property rights and violations is INCORRECT?

Companies can register a global patent, trademark, or copyright through the World Trade Organization (WTO).

U.S. companies monopolize much of the international entertainment media, which largely portrays U.S. products and lifestyles as glamorous and appealing. This situation would most likely be used as an example of ________.

Cultural Imperialism

____________ consists of specific learned norms based on attitudes, values, and beliefs of a group of people.

Culture

_____________ typically results when demand decreases and supply increases.

Deflation

The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT ________.

Diversity

Countries often use local content regulations to determine the proportion of the product that must be made in the local market versus made outside of the local market in order to _____________________.

Favor domestic companies.

The ________ starts with the same accounting framework used to calculate GDP but then adjusts for values assigned to environmental quality, population health, livelihood security, equity, free time, and educational attainment.

Genuine Progress Indicator.

Some observers feel that international institutions and the people working in them cannot adequately handle the complexities of an interconnected world. Based on this, these observers believe that ________.

Globalization will slow in the future.

An economic system is the set of structures and processes that _______________ in a country.

Guides the allocation of resources and shapes the conduct of business activities.

In a(n) ________ culture, people tend to regard seemingly peripheral information as pertinent to decision making and infer meanings from things that people say either indirectly or casually.

High-Context.

Carnival Cruise Lines lowers its taxes by all of the following EXCEPT ________.

Hiring host-country nationals who pay no taxes.

Curtailment of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole. However, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil. This example best illustrates which of the following?

How global interests can conflict with a country's local interests.

_______________ is a general, sustained rise in prices measured against a standard level of purchasing power.

Inflation

Although there are different views about the purpose of a political system, most analysts agree that an essential task of a political system is to _________________________________.

Integrate the different elements of a society into a functioning unit.

Which of the following ideas holds that a government should NOT interfere in business affairs?

Laissez-Faire.

Which of the following is most typical of a command economy?

Many products are usually in short supply.

In the Economic Freedom Index, ________ exhibit high economic freedom whereas ________ exhibit little to no economic freedom.

Market economies; Command economies.

Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________.

Minimal government intervention.

In a totalitarian political system, ___________________.

One agent monopolizes political power.

Which of the following statements about approaches to political risk management is NOT true?

Passive political risk management discourages managers from fully or partially hedging their bets against exposure to political hazards.

The attempt to resolve small issues before principles is a characteristic of what?

Pragmatism

Which of the following is a common shortcoming of studies examining culture in different countries and regions?

Responses are reported in averages, which can lead to a belief in unrealistic stereotypes.

International businesspeople need to understand social stratification systems where they do business because ________.

Such systems indicate who people in a given culture will respect more.

The view that globalization is inevitable is most likely based on the belief that ________.

Technical advances in transportation and communications are highly pervasive.

The march toward greater political freedoms and more expansive civil liberties, beginning in the 1970s, strongly fueled a sense of _____________________.

The inevitability of democracy.

In a country that emphasizes collectivism, ___________________.

The needs of society take precedence over individual freedoms.

Creolization refers to __________________________.

The process of mixing elements of an outside culture with those of a national culture.

Which of the following is NOT one of the three main reasons affecting international business for governments to cooperate with each other?

To establish a common language.

The term used by the United Nations as a synonym for multinational enterprise is ________.

Transnational company.

Based on the hierarchy-of-needs theory, in which of the following would fulfillment of lower-order needs be the best motivator?

Very Poor Countries.