TWU 13FABUS318353 INTRO TO INTERNATIONAL BUSINES-midterm

·
Question 1
10 out of
10 points

When a government sees that local industry is
threatened by imports, it will never impose import barriers to stop or reduce
these imports.

·
Question 2
10 out of
10 points

Both developed nations and developing nations
tend to trade more with developed nations.

·
Question 3
0 out of
10 points

The theory of absolute advantage suggests that
under free and unregulated trade, each nation should specialize in producing
those goods it can produce most efficiently, based on naturally occurring
resources such as minerals, oil, or timber.

·
Question 4
0 out of
10 points

The International Court of Justice has 15 judges,
who come from 15 different countries and serve 15-year terms, appointed by
majorities of the General Assembly and the Security Council.

·
Question 5
10 out of
10 points

Arbitration is a dispute resolution mechanism
that is an alternative to litigation.

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Question 6
10 out of
10 points

In the United States, procurement often exists in
a web of social relationships and friendships.

·
Question 7
10 out of
10 points

Foreign business refers to the operations of a
company outside its home or domestic market.

·
Question 8
10 out of
10 points

Unfair competition caused by a nation’s low
requirements for bank capital-asset ratios is known as _____.

·
Question 9
10 out of
10 points

An FAS is an inco-term where _____.

·
Question
10
10 out of
10 points

The unspoken language includes aspects of work
spaces.

·
Question
11
10 out of
10 points

Due to the expanding importance of foreign-owned
firms in local economies, host governments have made their policies toward
these companies _____________.

·
Question
12
10 out of
10 points

Country risk assessment is an evaluation,
conducted by a bank or business, that assesses a country’s economic situation
and policies and its politics to determine how much risk exists of losing an
investment.

·
Question
13
10 out of
10 points

Cash payments, government participation in
ownership, low-cost loans to foreign buyers and exporters, and preferential
tax treatment are examples of _____.

·
Question
14
10 out of
10 points

Under Non-quantitative barriers, subsidy is the
most common form of _____.

·
Question
15
0 out of
10 points

In a diffuse culture:

·
Question
16
10 out of
10 points

Examples of the kinds of uncontrollable forces
listed in the text are:

·
Question
17
10 out of
10 points

A _____ is a government grant giving the inventor
of a product or process the exclusive right to manufacture, exploit, use, and
sell that invention or process.

·
Question
18
10 out of
10 points

Assuming one’s own culture to be superior to
other cultures is known as:

·
Question
19
10 out of
10 points

_____ are agreements between countries and may
also be called conventions, covenants, compacts, or protocols.

·
Question
20
0 out of
10 points

Off-shoring is an application of:

·
Question
21
10 out of
10 points

The first formulation of international trade
theory, by Adam Smith, was motivated by agricultural necessity.

·
Question
22
10 out of
10 points

The term international company refers to both
global and multi-domestic companies.

·
Question
23
0 out of 10
points

The World Bank is organized into three major and
two smaller institutions.

·
Question
24
10 out of
10 points

What is the purpose of the International Monetary
Fund (IMF)?

·
Question
25
10 out of
10 points

Product liability is the standard that holds a
company and its officers and directors liable and possibly subject to fines
or imprisonment when its product causes death, injury, or damage

·
Question
26
10 out of
10 points

Economic integration begins with a:

·
Question
27
10 out of
10 points

Power distance is similar to inequality, but
defined from above, not from below.

·
Question
28
0 out of
10 points

The General Assembly:

·
Question
29
0 out of
10 points

Privatization means the ownership transfer from
government to private entities.

·
Question 30
0 out of
10 points

Which of the following is explained by
international trade theory?