Saint GBA440 quiz 1

Grade Details – All Questions
Question 1. Question
:
_______ are all goods and services sold abroad and sent out
of a country.

Student Answer: Global products
Exports
Global licenses
Imports
Points Received: 1 of 1
Comments:

Question 2. Question
:
All goods and services purchased abroad and brought into a
country are called ________.

Student Answer: domestic products
exports
national products
imports
Points Received: 1 of 1
Comments:

Question 3. Question
:
Any commercial transaction that crosses the borders of two
or more nations is known as ________.

Student Answer: an export
e-business
international business
an import
Points Received: 1 of 1
Comments:

Question 4. Question
:
________ is defined as the dispersal of production
activities to locations that help a company achieve its cost-minimization or
quality-maximization objectives for a good or service.

Student Answer: Importing
Globalization of production
Global strategy development
Globalization of markets
Points Received: 1 of 1
Comments:

Question 5. Question
:
Which of the following most likely represents the greatest
accomplishment of the 1994 revision of the GATT?

Student Answer:
Creation of the World Trade Organization
Creation of regional trade agreements
Creation of the World Bank
Creation of the International Monetary Fund
Points Received: 1 of 1
Comments:

Question 6. Question
:
The ________ enforces rules of international trade.

Student Answer:
WTO
NAFTA
GATT
None of the above
Points Received: 1 of 1
Comments:

Question 7. Question
:
The value of all goods and services produced by a country’s
domestic and international activities over a one-year period is the country’s:

Student Answer: gross domestic
product (GDP).
trade balance.
gross national product (GNP).
production quotient.
Points Received: 1 of 1
Comments:

Question 8. Question
:
The ________ is an agency created to provide financing for
national economic development efforts.

Student Answer: International
Monetary Fund
World Trade Organization
European Union
World Bank
Points Received: 1 of 1
Comments:

Question 9. Question
:
Critics of globalization argue that globalization causes
environmental conditions to:

Student Answer: increase
gradually.
remain at status quo levels.
decline slightly, then level off.
decline significantly.
Points Received: 1 of 1
Comments:

Question 10. Question
:
Which of the following terms is defined as the set of
values, beliefs, rules, and institutions held by a specific group of people?

Student Answer: Customs
Rituals
Culture
Aesthetics
Points Received: 1 of 1
Comments:

Question 11. Question
:
Which of the following is the best example of a case in
which ethnocentricity undermines an international business project?

Student Answer: International
investors avoid investing in an Indian company because they are unsure of
India’s commitment to free markets.
Production falls at a U.S.-owned factory in
Japan because workers react negatively to American management techniques.
China relies on its natural resources and
inexpensive factory labor to promote its country’s economic development.
Korean managers of a manufacturing company are
sent to East European plants to learn the work habits of local workers.
Points Received: 1 of 1
Comments:

Question 12. Question
:
________ are positive or negative evaluations, feelings, or
tendencies that individuals harbor toward objects or concepts.

Student Answer: Customs
Attitudes
Manners
Values
Points Received: 1 of 1
Comments:

Question 13. Question
:
Which of the following terms is used to refer to any element
that represents a culture’s way of life, including gestures, material objects,
traditions, and concepts?

Student Answer: Intangible
product
Tangible product
Aesthetic
Cultural trait
Points Received: 1 of 1
Comments:

Question 14. Question
:
Which of the following terms is used to refer to habits or
ways of behaving in specific circumstances that are passed down through
generations?

Student Answer:
Customs
Attitudes
Values
Manners
Points Received: 1 of 1
Comments:

Question 15. Question
:
A ________ is a system of social stratification in which
personal ability and actions determine an individual’s social status and
mobility.

Student Answer: genealogy system
moksha system
caste system
class system
Points Received: 1 of 1
Comments:

Question 16. Question
:
According to Hofstede’s framework, which of the following
describes the degree of inequality between people in different occupations?

Student Answer:
Power distance
Uncertainty avoidance
Individualism
Collectivism
Points Received: 1 of 1
Comments:

Question 17. Question
:
Which of the following believes that salvation comes from
faith in God and that hard work gives glory to God?

Student Answer: Hindus
Muslims
Buddhists
Protestants
Points Received: 1 of 1
Comments:

Question 18. Question
:
Which of the following refers to the belief that every
aspect of people’s lives must be controlled for a nation’s political system to
be effective?

Student Answer:
Totalitarianism
Capitalism
Anarchism
Pluralism
Points Received: 1 of 1
Comments:

Question 19. Question
:
The belief that both private and public groups play
important roles in a nation’s political activities is called ________.

Student Answer: totalitarianism
capitalism
anarchism
pluralism
Points Received: 1 of 1
Comments:

Question 20. Question
:
Representative democracies strive to provide all of the
following except ________.

Student Answer: periodic
elections
politicized bureaucracies
freedom of expression
full civil and property rights
Points Received: 1 of 1
Comments:

Question 21. Question
:
All of the following are methods used by companies to manage
political risk except ________.

Student Answer: political influence
information gathering
adaptation
expropriation
Points Received: 1 of 1
Comments:

Question 22. Question
:
________ is the forced transfer of assets from a company to
the government with compensation.

Student Answer:
Expropriation
Nationalization
Confiscation
Localization
Points Received: 1 of 1
Comments:

Question 23. Question
:
Which of the following was initially a code governing moral
and ethical behavior that was later extended to govern commercial transactions?

Student Answer: Civil law
Hindu law
Common law
Islamic law
Points Received: 1 of 1
Comments:

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.

Student Answer:
patent
trademark
civil right
copyright
Points Received: 1 of 1
Comments:

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 decides not to set up production facilities in Konesia
because its business laws are vague and are often interpreted according to the
convenience of the government. Bribery is a common feature in conducting
business deals there and a refusal to pay up is not an option. What kind of
government does Konesia have?

Student Answer: Democratic
Theocratic
Totalitarian
Pluralist
Points Received: 1 of 1
Comments: