20 Question Set Choose the best answer for each question below. There is only one (1) answer to each question. Please make sure you only select one box for each question. 1.Which of the following best describes globalization? The increasing unification of the world’s economic system The development of a world government Increasing U.S. trade with China Ease of communications due to the Internet 2.Which of the following is a consequence of globalization? Foreign direct investment (FDI) has declined Competitive pressures have decreased in many industries Foreign companies compete directly with domestic firms World trade has decreased over the last decade 3.Critics of globalization claim that foreign companies may put adverse pressure on small domestic firms potentially driving them out of business. True False 4.Global corporations view the world as their market? True False 5.Which of the following modes of foreign entry is best described by cost and risk sharing while gaining local knowledge and political influence? Franchising Licensing Joint Venture Turnkey project 6.___________________ predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that make intensive use of factors that are locally scarce. The new trade theory 7.The theory of absolute advantage The theory of competitive advantage The Heckscher-Ohlin Theory 8.American citizens may pay bribes when doing business in another country as long as bribes are considered a “normal”� way of doing business in that country. True False 9.The cost of capital in global markets is generally lower than in domestic markets. True False 10.Which of the following represents the 4 P’s of the marketing mix? Place, Price, Profit, and Promotion Product, Price, Promotion, and Place Product, Process, Promotion, and Place Product, Process, Promptness, and Place 11.When deciding whether to do business in another country, firms will review the financial system of the country. Which of the following is not a step in the financial overview process? The ability to repatriate profits Review of the health of the host country banking system Sources of capital and finance Competitor profiling 12.Tariffs lower the cost of the imported product True False 13.In a free-market economy, Business decisions are coordinated with government advisors Profits from a successful firm may be applied to less successful firms to keep them viable Private ownership is predominant and business decisions are made by the owners Large firms are owned by the government 14.The ___________ exchange rate is the price at which a dealer expects to convert currency into in the future. Spot Forward Backward Fair 15.The World Bank was created in 1944 for the principal purpose of Providing a clearinghouse for currency exchanges Enhancing economic development and FDI principally in Africa Enhancing economic development through subsidized loans Enhancing economic development and FDI principally in Latin America 16.A country is in a balance of trade equilibrium when the country is a member of a free trade bloc it has not had a reevaluation of its currency in over a year the capital account and the current account sum to zero. the income its residents earn from exports is equal to the money paid to foreigners to purchase imports 17.A falling dollar results in the cost of imports decrease and the cost of exports increase the cost of imports increase and the cost of exports increase the cost of imports decrease and the cost of exports decrease the cost of imports increase and the cost of exports decrease 18.The four main dimensions of organizational structure are vertical differentiation, horizontal differentiation, management differentiation, and information systems vertical differentiation, horizontal differentiation, integration, and information systems vertical differentiation, horizontal differentiation, integration, and control systems vertical differentiation, diagonal differentiation, integration, and control systems 19.Horizontal differentiation refers to how a firm is divided into subunits True False An exit strategy is the means by which a business ends operations or cancels a project in a country in which it is doing business due to factors such as a significant change in the business climate of that country. True False 20.Customizing a product offering, marketing strategy, and business strategy to various national conditions is an example of a global strategy an international strategy a domestic strategy a multidomestic strategy
Previous answers to this question
This is a preview of an assignment submitted on our website by a student. If you need help with this question or any assignment help, click on the order button below and get started. We guarantee authentic, quality, 100% plagiarism free work or your money back.
Get The Answer