TWU 13FABUS318353 INTRO TO INTERNATIONAL BUSINES- final exam

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Question 1
10 out of
10 points

An organization that coordinates economic
activity to deliver value to customers using resources outside the
traditional boundaries of the organization is known as a _________
corporation.

·
Question 2
10 out of
10 points

Direct exporting is the exporting of goods and
services through various types of exporters based in the home country, rather
than by the firm itself.

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Question 3
10 out of
10 points

Unionism in the United States has often
been viewed as more:

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Question 4
0 out of
10 points

People who go to a foreign country legally
to perform certain types of jobs are known as:

Selected Answer:

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skilled workers.

Correct Answer:

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guest workers.

Response Feedback:

Guest workers are
people who go to a foreign country legally to perform certain types of
jobs.

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Question 5
10 out of
10 points

When historical growth rates are known, future
growth can be forecast by means of trend analysis.

Selected Answer:

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Correct Answer:

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Response Feedback:

When the historical growth
rates of either the pertinent economic variables or the imports of a
product are known, future growth can be forecast by means of trend analysis

·
Question 6
10 out of
10 points

_____________ is an indirect tax levied on
passive income that the corporation would pay out to nonresidents, people, or
companies in another tax jurisdiction.

Response Feedback:

Withholding tax is an
indirect tax levied on passive income (income such as dividends, royalties,
and interest) that the corporation would pay out to nonresidents, people,
or companies in another tax jurisdiction. Countries establish bilateral tax
treaties to categorize passive-income withholding rates.

·
Question 7
10 out of
10 points

Pricing is the central focus of the marketing
mix.

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Question 8
10 out of
10 points

Specific currency exchange equivalence upheld by
government is called ______________.

Response Feedback:

A new system, after the
Bretton Woods System, set up fixed exchange rates among member-nations’
currencies, with par value based on gold and the U.S. dollar. Fixed
exchange rate is specific currency exchange equivalence upheld by
government.

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Question 9
10 out of
10 points

The exchange rate between two currencies for
delivery within two business day is called ______________.

Response Feedback:

Spot rate is the
exchange rate between two currencies for delivery within two business days.

·
Question
10
10 out of
10 points

When do marketers offer the same product and use
the same promotional appeals in all markets?

·
Question
11
10 out of
10 points

A(n) _____ is a record of a country’s
transactions with the rest of the world.

Response Feedback:

The balance of payments
(BOP) is a record of a country’s transactions with the rest of the world.
BOP data are of interest to international businesspeople for several
reasons.

·
Question
12
10 out of
10 points

When a company is under strong pressure to
adapt its products or services for local markets, it uses a __________ strategy.

·
Question
13
10 out of
10 points

A(n) _________ is a form of organization
characterized by lateral decision processes, lateral relationships, and a
strong corporate-wide business philosophy.

Response Feedback:

A form of organization
characterized by lateral decision processes, horizontal networks, and a
strong corporate-wide business philosophy is called a horizontal
corporation.

·
Question
14
10 out of
10 points

_____ is currency, held by a government’s
central bank.

·
Question
15
10 out of
10 points

Populations in many developing countries
are projected to decline in the coming years, due to factors such as low
birth rates and high levels of immigration.

·
Question
16
10 out of
10 points

A cooperative effort among two or more
organizations that share a common interest in a business enterprise or
undertaking is known as a(n) _____.

·
Question
17
10 out of
10 points

_____________ are broad guidelines issued
by upper management for the purpose of assisting lower-level managers in
handling recurring problems.

·
Question
18
10 out of
10 points

__________ is a sales tax whose payment documentation
from one stage to another from production through to the final buyer becomes
important for tax credits.

·
Question
19
10 out of
10 points

Without a ___________, the management
cannot formulate the production, financial, and procurement plans.

·
Question
20
10 out of
10 points

Even when a company has the capability of being
the first-mover in a market, there are possible advantages to letting others
go first.

·
Question
21
10 out of
10 points

Market screening is helpful to firms selling in
the domestic market and looking at expansion in the overseas market. It is
not required for firms that are already multinational companies.

·
Question
22
10 out of
10 points

____________ involves the setting of prices for
goods produced in one country and sold in another.

·
Question
23
10 out of
10 points

The process of redesigning organizational
structure, hierarchy, business systems, and processes in order to improve
organizational efficiency is called reengineering.

·
Question
24
10 out of
10 points

Indirect exporting is _________________.

·
Question
25
10 out of
10 points

A situation in which a small loss for a
subsidiary results in a greater gain for the headquarters is termed as _____.

·
Question
26
0 out of
10 points

Global strategic planning is a rigid and
linear process.

Selected Answer:

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Correct Answer:

.gif” alt=”Correct”> False

Response Feedback:

The process of
strategic planning provides a formal structure in which managers (1)
analyze the company’s external environments, (2) analyze the company’s
internal environment, (3) define the company’s business and mission, (4)
set corporate objectives, (5) quantify goals, (6) formulate strategies, and
(7) make tactical plans. There is considerable flexibility in the order in
which firms take up these items.

·
Question
27
10 out of
10 points

Which of the following defines the purpose
for a company’s existence, including its business objectives, and approach
for reaching those objectives?

Selected Answer:

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The mission statement

Correct Answer:

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The mission statement

Response Feedback:

The mission statement
defines the purpose for a company’s existence, including its business
objectives, and approach for reaching those objectives.

·
Question
28
10 out of
10 points

In a BOP account, payments to other
countries are tracked as debits.

·
Question
29
10 out of
10 points

__________ divides objects into groups so that
the variables within each group are similar.

·
Question
30
0 out of
10 points

The vulnerable workforce:

·
Question
31
10 out of
10 points

A _____ is an arrangement by which one firm
provides management in all or specific areas to another firm.

·
Question
32
10 out of
10 points

A firm producing air-conditioners will look for
countries with warm climates to sell its product. This screening is
known as assessing the _____.

·
Question
33
10 out of
10 points

A virtual corporation relies to a great extent on
third parties to conduct its business.

·
Question
34
10 out of
10 points

The value chain refers to the set of
value-creating activities that the company is involved with, ranging from
sourcing of basic raw materials to the delivery of final product or service.

·
Question
35
10 out of
10 points

The top management of companies generally
accepts the fact that, to be effective, strategic planning processes should
permit:

·
Question
36
10 out of
10 points

he basic functions of domestic and international
marketing are the same.

·
Question
37
0 out of
10 points

For the past four decades, there has been
an increase in the number of union members in most of the developed
countries, especially among workers in industrial sectors.

·
Question
38
10 out of
10 points

Estimation by analogy is the process of using a
market factor that is successful in one market to estimate demand in a
similar market.

·
Question
39
10 out of
10 points

Floating currency exchange rates are rates
that are allowed to float against other currencies and are determined by
market forces.

·
Question
40
10 out of
10 points

Subsidiaries and other operating units of an
international company should report to the headquarters only if there is a
drastic change in the economic environment.