Question 1 (1 point)
_____ refers to a technique used to identify and assess the importance of key people, groups of people, or institutions that may significantly influence the
success of a project or business.
Question 1 options: 1) Entrepreneurship
2) Strategic management
3) SWOT
4) Stakeholder analysis
5) Intrapreneurship
Save Question 2 (1 point)
The _____ is an agreement signed by the governments of the United States, Canada, and Mexico to create a trade bloc in North America to reduce or eliminate tariffs among the member countries and thus facilitate trade.
Question 2 options: 1) G3 Free Trade Agreement
2) TransPacific Strategic Economic Partnership
3) Central American Integration System
4) North American Free Trade Agreement
5) Pacific Accord
Save Question 3 (1 point)
Business profit is typically gauged in:
Question 3 options: 1) financial terms.
2) social terms.
3) moral terms.
4) political terms.
5) human terms.
Save Question 4 (1 point) The first stage of global development, what Friedman calls "Globalization 1.0," was characterized by how much industrial power countries could produce and apply. Question 4 options: 1) True
2) False
Save Question 5 (1 point)
The aim of an organization to make, distribute, and sell the finest quality products with a continued commitment to promoting business practices that respect the Earth and the environment would constitute the _____ of the organization.
Question 5 options: 1) political mission
2) social mission
3) product mission
4) environmental mission
5) economic mission
Save Question 6 (1 point)
The greater the level of standardization in operations, both within and across
markets, the greater is the possibility of global efficiency. Question 6 options: 1) True
2) False
Save Question 7 (1 point)
The second stage of global development began with advances in global electronic interconnectivity that allowed individuals to communicate as never before. Question 7 options: 1) True
2) False
Save Question 8 (1 point)
A(n) _____ is defined as somebody who sells products and services that are sourced from other countries.
Question 8 options: 1) intrapreneur
2) entrepreneur
3) exporter
4) importer
5) stakeholder
Save Question 9 (1 point)
_____ is defined as the recognition of opportunities and the use of resources to implement innovative ideas for new, thoughtfully planned ventures.
Question 9 options: 1) SWOT
2) Entrepreneurship
3) Intrapreneurship
4) Globalization
5) Strategic management
Save Question 10 (1 point)
The "Common good approach" refers to the action that contributes the most to the quality of life of the people affected. Question 10 options: 1) True
2) False
Save Question 11 (1 point) The government of any country is generally not considered to be a stakeholder in any business venture. Question 11 options: 1) True
2) False
Save Question 12 (1 point)
Google locates its computerserver farms, the technological backbone of its massive Internet services, close to _____ that produce hydroelectric power because it is one of the cheapest sources of electricity.
Question 12 options: 1) solar power stations
2) urban centers
3) dams
4) wind farms
5) thermal power stations
Save Question 13 (1 point)
United Parcel Service (UPS) uses its logistics expertise to help clients create new businesses. This would be termed as:
Question 13 options: 1) insourcing.
2) outsourcing.
3) home sourcing.
4) offshoring.
5) opensourcing.
Save Question 14 (1 point)
The _____ is an agreement between participating governments and companies to eliminate child labor in the production of soccer balls in Pakistan.
Question 14 options: 1) Atlanta Agreement
2) Cancun Agreement
3) Aarhus Convention
4) Alpine Convention
5) Bonn Agreement
Save Question 15 (1 point)
The social or environmental performance of an organization is irrelevant as long as it is earning profits. Question 15 options: 1) True
2) False
Save Question 16 (1 point)
Strategic management is concerned with the:
Question 16 options: 1) social performance of an organization.
2) environmental performance of an organization.
3) economic performance of an organization.
4) overall performance of the organization.
Save Question 17 (1 point)
_____ is the organization, or agency, through which a political unit exercises
its authority, controls and administers public policy, and directs and controls the actions of its members or subjects.
Question 17 options: 1) The government
2) NGO
3) The World Social Forum
4) The World Economic Forum 5) Rotary International
Save Question 18 (1 point)
A stakeholder refers to a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation. Question 18 options: 1) True
2) False
Save Question 19 (1 point)
Firms use employees worldwide and send specific work to the most qualified, cheapest labor, wherever it is. This is termed as:
Question 19 options: 1) offshoring.
2) insourcing.
3) opensourcing.
4) outsourcing.
5) informing.
Save Question 20 (1 point)
Google locates its computerserver farms close to wind farms that produce power because it is one of the cheapest sources of electricity. Question 20 options: 1) True
2) False
Save Question 21 (1 point)
Workflow software ensures that complex projects with more interdependent parts can be worked on collaboratively from anywhere. Question 21 options: 1) True
2) False
Save Question 22 (1 point)
_____ refers to providing basic software online free that gives everyone source code, thus accelerating collaboration and software development.
Question 22 options: 1) Home sourcing
2) Opensourcing
3) Outsourcing
4) Offshoring
5) Insourcing
Save Question 23 (1 point)
Purchasing goods and services or deciding to invest in a local market depends on a business’s needs and overall strategy. Question 23 options: 1) True
2) False
Save Question 24 (1 point)
Specific tariffs are:
Question 24 options:
fixed taxes that are imposed on the customers irrespective of the value of the 1) product or the service. taxes that are levied as a fixed charge, regardless of the value of the product or 2) service. tariffs that are calculated as a percentage of the value of the product or 3) service. taxes that are levied on the exporters depending on the value of the products or 4) the service being provided. 5) taxes that are levied on the producers of specific goods as decided by the ministry in charge of the finances of a country. Save Question 25 (1 point)
Neomercantilism refers to an economic policy in which:
Question 25 options:
a country trades in manufactured goods with countries having similar per capita 1) incomes. 2) a country focuses on producing a good more efficiently than another nation.
countries produce and export goods that required resources that were in great 3) supply. countries promote a combination of protectionist policies and restrictions and 4) domesticindustry subsidies. 5) countries import goods that required resources that were in short supply.
Save Question 26 (1 point)
A main differentiator of political systems is each system’s philosophy on the rights of the individual and the group as well as the role of government. Question 26 options: 1) True
2) False
Save Question 27 (1 point)
The modern international trade theories explain trade from a firm, rather than
a country, perspective. Question 27 options: 1) True
2) False
Save Question 28 (1 point)
In the early 1950s, the United States was abundant in capital and, therefore, should have been exporting more capitalintensive goods. However, contrary to the factor proportions theory, the United States was importing more capital
intensive goods and exporting laborintensive goods. This is an example of:
Question 28 options: 1) the product life cycle.
2) mercantilism.
3) the Leontief Paradox.
4) protectionism.
5) neomercantilism.
Save Question 29 (1 point)
Most governments intervene in trade between countries. Question 29 options: 1) True
2) False
Save Question 30 (1 point)
Trade deficit refers to:
Question 30 options: 1) a situation where the value of imports is greater than the value of exports.
2) the ability of a country to produce a good more efficiently than another nation.
3) a situation where exports are promoted by imposing restrictions on imports
4) a situation where trade policies benefit select industries.
5) a situation where the value of exports is greater than the value of imports.
Save Question 31 (1 point)
Foreign direct investment refers to the investment in a company’s stocks, bonds, or assets, but not for the purpose of controlling or directing the firm’s operations or management. Question 31 options: 1) True
2) False
Save Question 32 (1 point) The Internet has lessened the ability of the countries to regulate or strong
arm companies into abiding by their rules and regulations. Question 32 options: 1) True
2) False
Save Question 33 (1 point)
Democracy refers to a form of government:
Question 33 options: 1) that allows the dominance of one dominant ethnic group over the others.
2) that derives its power from the people.
which contends that every aspect of an individual’s life should be controlled and 3) dictated by a strong, central government. which contends that individuals controlling political activities and public 4) government is both unnecessary and unwanted. 5) which asserts that monarchy should replace all forms of elected government.
Save Question 34 (1 point)
Planned economy refers to an economic system in which:
Question 34 options:
a regional economic bloc directs and controls the economy, including the means and 1) decision making for production. the government or state directs and controls the economy, including the means and 2) decision making for production. the domestic, privately owned companies direct and control the economy, including 3) the means and decision making for production. multinational companies direct and control the economy, including the means and 4) decision making for production. the dominant ethnic group controls and directs the economy, including the means 5) and the decision making for production.
Save Question 35 (1 point)
Outward FDI for a country:
Question 35 options: are investments made by companies from a foreign country into the companies of 1) that country. are investments made by companies from that country into foreign companies in 2) other countries. 3) refers to financial help to developing countries in environmental causes.
4) refers to financial help to boost the agricultural production of a country.
5) refers to financial and technical help to charitable organizations.
Save Question 36 (1 point)
Portfolio investment refers to:
Question 36 options: 1) the investment in foreign assets with the intent to control and manage them.
2) the investment in a company’s stocks without the intent to control or manage them.
3) the acquisition of foreign assets with the intent to control and manage them.
4) participating in a joint venture with a foreign company.
5) offering financial and technical help to charitable organizations.
Save Question 37 (1 point)
Pluralism refers to a political philosophy which asserts that:
Question 37 options: 1) monarchy should replace all forms of elected government.
both public and private groups are important in a wellfunctioning political 2) system. governments should centralize all control in the hands of one strong leader or a 3) small group of leaders, who have full authority. individuals should control political activities and public government is both 4) unnecessary and unwanted. that every aspect of an individual’s life should be controlled and dictated by a 5) strong central government.
Save Question 38 (1 point)
Most countries maintain a balance between anarchism and totalitarianism and the balance is often a reflection of the country’s history, culture, and religion. Question 38 options: 1) True
2) False
Save Question 39 (1 point)
Political stability is a key part of government efforts to attract foreign investment to their country. Question 39 options: 1) True
2) False
Save Question 40 (1 point)
Direct democracy is a form of government in which:
Question 40 options:
the government derives its power from the people of the country by means of a 1) petition referendum. the government derives its power from the people of the country by means of 2) elected representatives of the people. 3) the government derives its power from the dominant ethnic group of the country.
a single party with an ideology controls and directs the functioning of the 4) government. the government derives its power from the cultures and traditions of the largest 5) religious community of the country.
Save Question 41 (1 point)
The British colonial empire sought to increase its wealth by using raw materials from places ranging from what are now the Americas and India. Question 41 options: 1) True
2) False
Save Question 42 (1 point)
Capitalism is an economic system in which the: Question 42 options: 1) government does not allow the import or the export of goods.
2) means of production are owned and controlled privately.
government or state directs and controls the economy, including the means and 3) decision making for production. 4) government allows the export of goods but does not allow the import of goods.
5) government allows the import of goods but does not allow the export of goods.
Save Question 43 (1 point)
Capitalism is an economic system in which the means of production are owned and controlled privately. Question 43 options: 1) True
2) False
Save Question 44 (1 point)
The _____ refers to the land and water trade routes that covered more than 4,000 miles and connected the Mediterranean with Asia.
Question 44 options: 1) Silk Road
2) Salt Road
3) Amber Road
4) Grand Trunk Road
5) Siberian Route
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