test 1

the european union was launched by the signing of the

Maastricht treaty

a collaborative effort among countries to prohibit trade with one anthers nation is called

a boycott

nationalization is

a form of political/economic environment risks that can occur is a government forces the transfer of a firms ownership from private to the state

the fee paid by an exporter to the country of import i

a tariff

the fee paid by an exporter to the country of import is

a tariff

payment of bribes to foreign governments

all of the above

which of the following significant issues faced by business in russia

all of these

US firms that refuse to sell to Isreal because of the Arab league boycott against the country

are breaking US anti boycott laws

the two most common types of legal systems are

civil and common

in relative terms, which legal system is more consistent in its rulings?

common

undercover information gathering that attempts to anticipate a competitors business moves, that includes a range of data collection techniques, and that can walk a fine line between the ethical and legal is called

competitve advantage

Mercosur

consist of all of these

the statement when in rome do as the romans do is an example of

cultural relativism

experts believe that globalization will lead to all of the following expect

decrease in international cooperation

individuals moral judgments about what is right or wrong are

ethical values

which of the following is not on the top ten threats for international business

executive salaries

when a government compensates a company after nationalizing its assets its called

exporting

US business has always been a practice of ethical evidence by the FCPA

false

competitive intelligence is always legal and ethical

false

establishing a corporate code of conduct ensures employees will engage in ethical practices

false

feminine cultures emphasize the inequality of me and women and desire harmony in the workplace

false

interesting work seems to be something that is universally desirable by workers across cultures

false

juan is thinking about marketing his product in China and he should not concerned about protecting his products intellectual brand

false

overtime multinationals have not changed their geographic scope or orientation toward foreign subsidiaries

false

political concerns have no affect on legal issues

false

a unique characteristic of the asian business environment is

family owned empires

which of the following is not one of hofstede's cultural dimesions

high/low context context

indias biggest impact on the global economic scene is probably in

information technology

which of the following is not a limitation of ronen and shenkars approach

it focuses on attitudes of work

which group countries regions is called the triad

japan, the us and eu

one of the biggest external risk that companies face is

legal protection

which of the following is important for a company to take advantage of opportunities in the global market

local networks

the view that rules and practices should be adjusted depending on the person or situation i known as

particularism

if a company wants to enter a market in which the government has changed several times in the last wo years, it will need to evaluate its associated with the

political economic environment

the actions by groups of people or governments that have potential to affect the immediate and/or long term viability of a firm is called

political risk

our system of categorizing risk divides it into these three main areas

political/economic environment, domestic economic condition and external economic relations

a key goal for the WTO is to

reduce barriers and stimulate trade around the world

What legal system prohibits the collection of interest on loans

sharia

which of the following is not associated with universalism

there is a variety of justifications for continuing a firms business activity in countries where immoral actions are taking place

FDI is a good measure of countries prop sects the international business stage, either as an existing market or emerging one

true

One study found that American managers were more likely to view human relation issues (such as employ theft and misuse of company in information) in ethical terms than their counterparts in Austria and Germany

true

according to price water coopers , economic espionage is on the rise and responsible for about $45 billion in annual loses among fortune 100 companies

true

an example of political economic environment risk would be the possibility of internal conflicts

true

industries that are capital intensive and based on indigenous resources such as crude oil production and steel were most susceptible to nationalization

true

the Chinese government is often criticized for its human rights abuses

true

the use of illegal or questionable payments has been used in many societies throughout history

true

today south africa is both a rich and poor country, one with extreme income gaps as well as abundant natural resources

true

when a European asked if they would pay a bribe to do business in a large asian market, european managers were more likely to do so in order to maintain a competitive business presence

true

which of the following would a manger not want to do, to better understand a diverse workplace?

use sophisticated stereotypes at all times

developing countries often offer companies

well developed infrastructure and cheap labor