chapters 1-3 test
The ideal number of participant(s) in a focus group is _____.
8-12
Which of the following countries is an innovator and an early technology adopter, has relatively weak resistance to new products, and has a strong consumer desire for novelty and variety?
Denmark
Which of the following determines the roles of managers and subordinates and the way they relate to one another?
Social organization
Which of the following countries is associated with small power distance, low uncertainty avoidance, high individualism, and low masculinity?
Sweden
Which of the following began in 1947 as a set of rules for nondiscrimination, transparent procedures, and settlement of disputes in international trade?
The General Agreement on Tariffs and Trade
Which act raised duties to reduce the volume of imports into the United States, in the hopes that this would restore domestic employment?
The Smoot-Hawley Act
What is the core mission of the WTO?
To facilitate international trade and investment
What must policymakers do for trade and investment negotiations between countries to be long-lasting?
Trade off short-term achievements for long-term goals.
Which of following dimensions of culture is associated with the need for formal rules and regulations?
Uncertainty avoidance
The process of adjusting and adapting to a specific culture other than one's own is termed as _____.
acculturation
What is the term used for a firm founded with a global scope in mind from the very beginning?
born global
Which currency is most accepted worldwide?
c. The U.S. dollar
When a company expands its market by offering its products to international customers, it can produce more of its products efficiently, thus reducing the overall cost of each individual unit. This is known as _____.
economies of scale
When U.S. firms work together to establish export promotion development, as allowed by the Export Trading Company Act of 1982, the companies are in effect forming a _____.
export consortia
Understanding and appreciating the nuances of different cultural traits and patterns is known as _____ knowledge.
interpretive
When economic coordination between trading partners continues, leading trading nations will _____.
lose their national sovereignty to some degree
The Export-Import Bank of the United States gives loans known as _____ that are composed partially of commercial interest rates and partially of highly subsidized developmental aid interest rates.
mixed aid credits
The unconscious allusion to one's own cultural values is known as _____ criterion.
self-reference
The evolution of European feudalism was due to a function of _____.
trade and marketing
The manifestations of the total way of life of any group of people are referred to as cultural _____.
universals
