Module 3 Quiz 1
1. Question
:
Exports are:
all goods and services sold abroad and sent
out of a country.
all goods and services purchased abroad and
brought into a country
Any commercial transaction that crosses the
borders of two or more nations.
none of the above.
Question 2. Question
:
Olive oil made in Italy and sold in the United States is an
example of which of the following?
Global brand
U.S. export
U.S. import
Standardized product
Question 3. Question
:
International business is:
all goods and services sold within a country.
use of computer networks to purchase, sell, or
exchange products.
any commercial transaction that crosses the
borders of two or more nations.
none of the above
Question 4. Question
:
Which of the following is an example of the globalization of
production?
Canadian consumers buy foods imported from
Australia.
A Chinese company sells textiles to European
car makers.
A U.S. company builds a manufacturing facility
in India.
A Swiss watch manufacturer builds a
manufacturing facility in Switzerland.
Question 5. Question
:
The ________ promoted free trade by reducing tariffs and
other barriers to international trade.
WTO
NAFTA
GATT
None of the Above
Question 6. Question
:
The ________ enforces rules of international trade.
WTO
NAFTA
GATT
None of the above
Question 7. Question
:
Which of the following describes the value of a nation’s
good goods and services produced by a domestic economy divided by its
population?
Gross domestic product (GDP)
Gross domestic product (GDP) per capita
Gross national product (GNP) per capita
Gross national product (GNP)
Question 8. Question
:
The International Monetary Fund serves each of the following
purposes except:
promoting international monetary cooperation.
facilitating balanced growth of international
trade.
encouraging competitive exchange devaluation.
making financial resources temporarily
available to members.
Question 9. Question
:
Trade unions claim that by permitting international firms to
continually move to nations with relatively lower labor standards,
globalization ________ labor’s bargaining power and forces overall labor
standards ________.
strengthens; to improve
slows down; to be re-evaluated
reduces; lower
increases; higher
Question 10. Question
:
Which of the following terms is used to refer to that which
a culture considers to be in “good taste” in the arts?
Customs
Social structure
Manners
Aesthetics
Question 11. Question
:
The belief that one’s own ethnic group or culture is
superior to that of others is referred to as:
cultural inheritance.
cultural diffusion.
cultural literacy.
ethnocentricity.
Question 12. Question
:
Which of the following statements is true regarding
attitudes?
They are quite rigid over time compared to
values.
They are learned from role models.
They are similar from one country to the next
because they form within a cultural context.
They are developed only toward the most
important aspects of life.
Question 13. Question
:
Which of the following refers to the process whereby
cultural traits spread from one culture to another?
Cultural imperialism
Social mobility
Cultural diffusion
Cultural literacy
Question 14. Question
:
Sharing food gifts during the Islamic holy month of Ramadan
is an example of a(n) ________.
custom
value
ritual
attitude
Question 15. Question
:
Which of the following terms is used to refer to the process
of ranking people into social layers or classes?
Social status
Social stratification
Social group
Social mobility
Question 16. Question
:
All of the following are dimensions developed by Hofstede
for examining cultures except:
individualism versus collectivism.
power distance.
uncertainty avoidance.
caste system versus class system.
Question 17. Question
:
The world’s second largest religion is ________.
Judaism
Hinduism
Islam
Confucianism
Question 18. Question
:
Totalitarian political systems include authoritarian regimes
such as:
democracy and theocracy.
anarchism and pluralism.
communism and fascism.
capitalism and secularism.
Question 19. Question
:
Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz, a global
drinks-manufacturing company. She wishes to set up production facilities in
other countries and has been advised to assess the political system of each
country before she does so.
Susan finally settles upon Valmira because it has a stable
business environment. Which of the following factors, if true, proves her
decision to be a good one?
Valmira does not enforce any product liability
laws.
Valmira’s legal system protects individual
property rights satisfactorily.
The business laws of Valmira are flexible and
can be interpreted according to the comfort of government officials.
The government of Valmira does not allow the
private sector to flourish.
Question 20. Question
:
Most democratic nations practice ________, in which citizens
elect individuals from their groups to help govern the people and pass laws.
public referendums
secular totalitarianism
representative democracy
socialist pluralism
Question 21. Question
:
Which of the following is not a method of employing the risk
management strategy of adaptation?
Partnerships
Localization
Development assistance
Lobbying
Question 22. Question
:
Which of the following terms refers to the forced transfer
of assets from a company to the government without compensation?
Expropriation
Nationalism
Nationalization
Confiscation
Question 23. Question
:
Which of the following legal systems is based on a detailed
set of written rules and statutes that constitute a legal code?
International law
Civil law
Tribal law
Common law
Question 24. Question
:
A ________ is a right granted to the inventor of a product
or process that excludes others from making, using, or selling the invention.
patent
trademark
civil right
copyright
Question 25. Question
:
Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz, a global
drinks-manufacturing company. She wishes to set up production facilities in
other countries and has been advised to assess the political system of each
country before she does so.
Susan thinks that it would be easiest setting up production
facilities in a country whose government leaders are elected directly by the
wide participation of the people or by their representatives. Which of the
following political systems should the country have?
Anarchist
Democratic
Theocratic
Facist
