Question 1

Better Boots Inc. wishes to market their products in the Far East. Although Better Boots has the design and manufacturing capability, the company lacks the distribution channels and knowledge of the Far East cultures necessary to market their products. Bill Somebody, president of Better Boots, has decided to form a partnership with Far East Boots, an Asian company. Far East boots will provide the marketing know how that Better Boots lacks. The company will be jointly owned and independently operated. Better Boots is forming a(n)  __________ with Far East Boots.*

Accepted Answer

A)   franchise
B)   joint venture
C)   licensing agreement
D)   operating subsidiary

Question 2

__________ is process of growing interdependence among elements of the global economy.

Accepted Answer

The answer of __________ is process of growing interdependence among...

Question 3

Global sourcing involves:

Accepted Answer

A)   exporting products for sale.
B)   purchasing materials, components, or services from around the world for local use.
C)   selling a foreign firm the right to make your products.
D)   building a plant to produce goods for sale in foreign countries.

Question 4

In her book The Travels of a T-Shirt in the Global Economy, economist Pietra Rivoli tracks a t-shirt that she bought while on a vacation to Florida.

Accepted Answer

A) True 
 B)False

Question 5

Because this type of international business creates jobs locally, governments often support __________ endeavors.*

Accepted Answer

A)   green ventures
B)   importing
C)   licensing
D)   exporting

Question 6

The Foreign Corrupt Practices Act prevents U.S. firms from:*

Accepted Answer

A)   paying bribes or giving excess commissions in exchange for favors.
B)   using "sweatshops" to produce goods for sale in the U.S.
C)   employing child labor in plants that make goods for U.S. markets.
D)   from participating in unsustainable development in third world countries.

Question 7

Which of the following is NOT an MNC complaint about host countries?

Accepted Answer

A)   Profit limitations
B)   Overpriced resources
C)   Interference with government
D)   Exploitative rules

Question 8

__________ is the full time employment of children for work normally done by adults.

Accepted Answer

A)   Children camp
B)   Child labor
C)   Scout camp
D)   Sweatshop

Question 9

Purchasing the rights to make or sell another company's products is called __________.*

Accepted Answer

A)   insourcing
B)   outsourcing
C)   franchising
D)   licensing

Question 10

The creation of domestic jobs by foreign employers is called __________.

Accepted Answer

A)   insourcing
B)   outsourcing
C)   international operations
D)   domestic operations

Question 11

The forecasting of political events that may impact foreign investments is called __________.

Accepted Answer

A)   currency analysis
B)   political-risk analysis
C)   analytical forecasting
D)   international forecasting

Question 12

Which of the following is a direct investment strategy?

Accepted Answer

A)   Global sourcing
B)   Joint ventures
C)   Exporting
D)   Licensing

Question 13

Which of the following countries is the top outsourcing destination?

Accepted Answer

A)   Mexico
B)   China
C)   United States
D)   Japan

Question 14

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

Accepted Answer

A) True 
 B)False

Question 15

The Foreign Corrupt Practices Act can actually put U.S. firms at a competitive disadvantage in certain areas of the world.

Accepted Answer

A) True 
 B)False

Question 16

What are the pros and cons of conducting business internationally?

Accepted Answer

Pros - profit potential, acces...

Question 17

Business go global for all of the following reasons EXCEPT:

Accepted Answer

A)   to avoid domestic customers.
B)   to increase profits through expanded operations.
C)   to increase access to low-cost, talented workers.
D)   all of the above.

Question 18

When a firm grants licenses internationally, it is giving foreign companies access to it's:

Accepted Answer

A)   technologies, patents, or trademarks.
B)   facility designs and equipment.
C)   product ingredients.
D)   management systems.

Question 19

One of the challenges to international business is the cultural relativism forced upon them by local laws and customs.

Accepted Answer

A) True 
 B)False

Question 20

The __________ is a global institution whose purpose is to promote free trade and open markets around the world.

Accepted Answer

A)   United Markets Institute
B)   World Bank
C)   World Trade Organization
D)   U.S. Chamber of Commerce

Exam 17: Globalization and International Business: Going Global Isnt Just for Travelers

Correct Answer
verified

Because this type of international business creates jobs locally, governments often support __________ endeavors.*

Correct Answer
verified

The Foreign Corrupt Practices Act can actually put U.S. firms at a competitive disadvantage in certain areas of the world.

Correct Answer
verified

Business go global for all of the following reasons EXCEPT:

Correct Answer
verified

Which of the following countries is the top outsourcing destination?

Correct Answer
verified

The forecasting of political events that may impact foreign investments is called __________.

Correct Answer
verified

When a firm grants licenses internationally, it is giving foreign companies access to it's:

Correct Answer
verified

The Foreign Corrupt Practices Act prevents U.S. firms from:*

Correct Answer
verified

__________ is the full time employment of children for work normally done by adults.

Correct Answer
verified

In her book The Travels of a T-Shirt in the Global Economy, economist Pietra Rivoli tracks a t-shirt that she bought while on a vacation to Florida.

Correct Answer
verified

Global sourcing involves:

Correct Answer
verified

Purchasing the rights to make or sell another company's products is called __________.*

Correct Answer
verified

Which of the following is NOT an MNC complaint about host countries?

Correct Answer
verified

The __________ is a global institution whose purpose is to promote free trade and open markets around the world.

Correct Answer
verified

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

Correct Answer
verified

One of the challenges to international business is the cultural relativism forced upon them by local laws and customs.

Correct Answer
verified

Which of the following is a direct investment strategy?

Correct Answer
verified

What are the pros and cons of conducting business internationally?

Correct Answer
verified
Pros - profit potential, acces...
View Answer

__________ is process of growing interdependence among elements of the global economy.

Correct Answer
verified

The creation of domestic jobs by foreign employers is called __________.

Correct Answer
verified

Exam 17: Globalization and International Business: Going Global Isnt Just for Travelers

Correct AnswerverifiedShow Answer

Because this type of international business creates jobs locally, governments often support __________ endeavors.*

Correct AnswerverifiedShow Answer

The Foreign Corrupt Practices Act can actually put U.S. firms at a competitive disadvantage in certain areas of the world.

Correct AnswerverifiedShow Answer

Business go global for all of the following reasons EXCEPT:

Correct AnswerverifiedShow Answer

Which of the following countries is the top outsourcing destination?

Correct AnswerverifiedShow Answer

The forecasting of political events that may impact foreign investments is called __________.

Correct AnswerverifiedShow Answer

When a firm grants licenses internationally, it is giving foreign companies access to it's:

Correct AnswerverifiedShow Answer

The Foreign Corrupt Practices Act prevents U.S. firms from:*

Correct AnswerverifiedShow Answer

__________ is the full time employment of children for work normally done by adults.

Correct AnswerverifiedShow Answer

In her book The Travels of a T-Shirt in the Global Economy, economist Pietra Rivoli tracks a t-shirt that she bought while on a vacation to Florida.

Correct AnswerverifiedShow Answer

Global sourcing involves:

Correct AnswerverifiedShow Answer

Purchasing the rights to make or sell another company's products is called __________.*

Correct AnswerverifiedShow Answer

Which of the following is NOT an MNC complaint about host countries?

Correct AnswerverifiedShow Answer

The __________ is a global institution whose purpose is to promote free trade and open markets around the world.

Correct AnswerverifiedShow Answer

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

Correct AnswerverifiedShow Answer

One of the challenges to international business is the cultural relativism forced upon them by local laws and customs.

Correct AnswerverifiedShow Answer

Which of the following is a direct investment strategy?

Correct AnswerverifiedShow Answer

What are the pros and cons of conducting business internationally?

Correct AnswerverifiedPros - profit potential, acces...View AnswerShow Answer

__________ is process of growing interdependence among elements of the global economy.

Correct AnswerverifiedShow Answer

The creation of domestic jobs by foreign employers is called __________.

Correct AnswerverifiedShow Answer

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verified

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verified

Correct Answer
verified
Pros - profit potential, acces...
View Answer

Correct Answer
verified

Correct Answer
verified