MGMT 450 CH 2
China possesses the world's largest economy.
FALSE
Who was Russia's first democratically elected president?
Boris Yeltsin
Which of the following is most likely a true statement about New Zealand?
Merchandise trade is extremely important to the country's GDP.
The world's most populous Spanish-speaking nation is _______________.
Mexico
Who was responsible for introducing glasnost and perestroika to the Soviet Union?
Mikhail Gorbachev
The Republic of China is most commonly known as ________.
Taiwan
Alfred Communications, a U.S. firm, is considering opening a facility in India. However, executives at the firm are not certain that India is the best location for investment. What is the most likely reason for management's concerns?
rampant corruption
Because of its excellent port facilities, Singapore thrives on ________.
reexporting
1) One likely consequence of the diminishing Arctic ice cap is ________.
the creation of the Northwest Passage
When a firm makes a sale of goods denominated in Japanese yen, the yen is referred to as ________.
the invoicing currency
What caused South Korea's economic growth to suddenly slow in 1997-1998?
Asian currency crisis
________ is the world's most populous country.
China
The currency in which the sale of goods and services is denominated is the invoicing currency.
TRUE
Which of the following markets has the GREATEST impact on the world's current economic activity?
United States
Which of the following African countries is not a major oil exporter?
Zambia
Executives at Oswego Enterprises, a U.S. textile company, are discussing the idea of expanding into the Asian market by opening a facility in Hong Kong. Which of the following is a characteristic of Hong Kong?
entry point to mainland China
Thailand, Malaysia, and Indonesia were all recipients of significant FDI during the 1980s and 1990s because they offer ________.
low labor costs
What is the most likely reason that Taiwanese businesses are increasingly investing in Chinese factories?
need for low-wage workers
The Four Tigers are also called ________.
newly industrialized countries
Which of the following is not a similarity between India and Great Britain?
parliamentary system
U.S. exports of goods and services in 2012 accounted for about ________ percent of U.S. GDP.
14
As of 2013, how many countries participate in the European Union's common currency, the euro?
17 or 19
9) The European Union accounted for about ________ in GDP in 2011.
17 trillion dollars
The countries of North America produce approximately ________ percent of the world's output.
26
About what percentage of the world's 500 largest corporations in 2010 were headquartered in the United States?
27
The European Union is comprised of ________ countries.
28
Approximately ________ of the world's current economic activity is concentrated in North America, the EU, and Japan.
57%
Members of the EU
Austria, Monaco, Portugal
Parker Manufacturing is considering relocating its headquarters from its current location in Vancouver, British Columbia. Executives at Parker want the firm to be located with the majority of other MNCs in the world. Which location would be most appropriate?
B) Boston
Which of the following religions was not born in the Middle East?
Buddhism
Because of its past colonial relationship, France has a competitive advantage in which of the countries listed below?
Chad
In the twenty-first century, growth rates in ________ have outpaced those in ________.
China and India; Germany and Japan
Brampton Industries has a facility in a country that has been designated by the World Bank as middle-income. Which of the following is the most likely location of Brampton's plant?
Costa Rica
Money sent out of a politically or economically unstable country to one perceived as a safe haven is known as protected capital.
FALSE
Which of the following is a member of the Arctic Council?
Finland
________ is the money sent out of a politically or economically unstable country to one perceived as a safe haven.
Flight capital
Which EU country has drawn criticism for promoting an agenda of economic nationalism, and in particular, for protecting its farmers under the guise of the Common Agricultural Policy?
France
What is the most likely reason that Germany is considered the most important member of the EU?
Germany has the world's fourth largest economy.
Which two countries make up the Indian subcontinent?
India and Pakistan
Which of the following is true of Mexico?
It has been promoting the privatization of multiple industries.
Which of these countries is not a member of the EU?
Norway
What country holds the world's largest land mass?
Russia
Export promotion has been successfully applied by which of the countries listed below?
Taiwan
Which of the countries listed below is considered one of the Four Tigers?
Taiwan
A policy that encourages economic growth through export expansion is called ________.
export promotion
The Japanese term sogo shosha refers to a(n) ________.
export trading company
The Japanese term, keiretsu, refers to a(n) ________.
family of interrelated companies
The Newly Independent States refers to the ________.
former Soviet republics
The World Bank classifies the Four Tigers as ________.
high-income
Which of the following best explains why Japan's economic growth has slowed?
import restrictions
A policy that attempts to stimulate development of local industry by discouraging imports through tariffs and nontariff barriers is called ________.
import substitution
________ is the currency in which the sale of goods and services is denominated.
invoicing currency
What is the most significant problem for Singapore today?
labor shortages
What is London's origin as a world financial center?
military power of the British Empire in the 19th century
A small to medium, family-owned enterprise, often located in a small German town is city is known as ________.
mittelstand
Russia's major natural resources include which of the following?
natural gas
ITX Enterprises, an electronics firm, plans to open a new manufacturing facility. Managers are considering building the new plant in Canada. Which of the following is a risk associated with a Canadian expansion?
political instability related to language conflicts
Hawthorne Enterprises, an Australian firm, has plans to open a manufacturing facility in France next year. Some executives at the firm are unhappy with this decision, most likely because France ________.
promotes economic nationalism
Which of the following aspects about Canada is a concern to many international investors?
separatist movement
Immediately following World War II, Japan's Ministry for International Trade and Investment encouraged firms to concentrate on ________.
steel and shipbuilding
Which of the following has achieved high-income status according to the World Bank?
the Czech Republic
What region is sometimes called the cradle of civilization?
the Middle East
Because of its past colonial relationship, the United Kingdom has a competitive advantage in which of the countries listed below?
the Republic of South Africa
India was a colony of which country?
the United Kingdom
The prime market for lower-income countries that are trying to raise their living standards through exports is ________.
the United States
Which country has the highest per capita income in North America?
the United States
Which country listed below commonly attracts flight capital?
the United States
________ is the dominant market for Canadian goods.
the United States
Companies doing international business are more likely to be successful when they ________.
understand local market characteristics
Which country is an undeveloped nation?
Cambodia
The Korean term, chaebol, refers to ________.
a family-based conglomerate
Countries designated "middle income" have per capita incomes of ________.
between $1,025 and $12,476
Samsung, Hyundai, Daewoo Group, and LG are all examples of ________.
chaebol
All of the following except ________ are typical exports from New Zealand.
dairy products
Executives at Cornwall Industries, a U.S. firm, are considering expanding into Niger. As a manager at the firm you have been given the task of analyzing the advantages and disadvantages of Niger. Which of the following is the most likely problem associated with expanding into Niger?
dominance of French firms