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
:
All goods and services purchased abroad and brought into a
country are called ________.
domestic
products
exports
national
products
imports

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
:
________ is the trend toward greater economic, cultural,
political, and technological interdependence among national institutions and
economies.
International
business
Denationalization
Globalization
E-business

Question 5. Question
:
A major flaw of the original General Agreement on Tariffs
and Trade (GATT) was that it lacked the power to:
erect
barriers to trade.
dismantle
bilateral trade agreements.
govern
exchange rates.
enforce
world trade rules.

Question 6. Question
:
The _______ is charged with resolving disputes among
members.
NAFTA
GATT
WTO
None of the above

Question 7. Question
:
Which of the following describes the value of a nations
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
:
Which of the following was created to regulate fixed
exchange rates and enforce the rules of the international monetary system?
International
Monetary Fund
World
Trade Organization
European
Union
World
Bank

Question 9. Question
:
Critics of globalization argue that globalization causes
environmental conditions to:
increase
gradually.
remain
at status quo levels.
decline
slightly, then level off.
decline
significantly.

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?
Customs
Rituals
Culture
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 terms is used to refer to the
positive or negative evaluations, feelings, and tendencies that individuals
harbor toward objects or concepts?
Customs
Attitudes
Manners
Values

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?
Intangible
product
Tangible
product
Aesthetic
Cultural
trait

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?
Customs
Attitudes
Values
Manners

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

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

Question 17. Question
:
Which of the following is the world’s single largest
religion?
Jewish
Christianity
Islamic
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
:
The belief that both private and public groups play
important roles in a nation’s political activities is called ________.
totalitarianism
capitalism
anarchism
pluralism

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
:
The likelihood that a society will undergo political change
that negatively affects local business activity is called ________ risk.
political
investment
economic
cultural

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

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 also decides not to set up production facilities in
Margazo, a country which functions by a strict set of religious tenants,
because some of them contradict her company’s work policy. Expecting potential
employees to break away from these traditions is not an option since religion
plays an important role in the functioning of the nation. What kind of
political system prevails in Margazo?
Pluralistic
Theocracy
Tribal
totalitarian
Democracy

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
: All goods and services purchased abroad and brought into a
country are called ________. domestic
products exports national
products imports 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
: ________ is the trend toward greater economic, cultural,
political, and technological interdependence among national institutions and
economies. International
business Denationalization Globalization E-business Question 5. Question
: A major flaw of the original General Agreement on Tariffs
and Trade (GATT) was that it lacked the power to: erect
barriers to trade. dismantle
bilateral trade agreements. govern
exchange rates. enforce
world trade rules. Question 6. Question
: The _______ is charged with resolving disputes among
members. NAFTA GATT WTO None of the above Question 7. Question
: Which of the following describes the value of a nations
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
: Which of the following was created to regulate fixed
exchange rates and enforce the rules of the international monetary system? International
Monetary Fund World
Trade Organization European
Union World
Bank Question 9. Question
: Critics of globalization argue that globalization causes
environmental conditions to: increase
gradually. remain
at status quo levels. decline
slightly, then level off. decline
significantly. 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? Customs Rituals Culture 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 terms is used to refer to the
positive or negative evaluations, feelings, and tendencies that individuals
harbor toward objects or concepts? Customs Attitudes Manners Values 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? Intangible
product Tangible
product Aesthetic Cultural
trait 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? Customs Attitudes Values Manners Question 15. Question
: A ________ is a system of social stratification in which
personal ability and actions determine an individual’s social status and
mobility. genealogy
system moksha
system caste
system class
system Question 16. Question
: According to Hofstede’s framework, which of the following
describes the degree of inequality between people in different occupations? Power
distance Uncertainty
avoidance Individualism Collectivism Question 17. Question
: Which of the following is the world’s single largest
religion? Jewish Christianity Islamic 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
: The belief that both private and public groups play
important roles in a nation’s political activities is called ________. totalitarianism capitalism anarchism pluralism 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
: The likelihood that a society will undergo political change
that negatively affects local business activity is called ________ risk. political investment economic cultural Question 22. Question
: ________ is the forced transfer of assets from a company to
the government with compensation. Expropriation Nationalization Confiscation Localization 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 FizzSusan 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 also decides not to set up production facilities in
Margazo, a country which functions by a strict set of religious tenants,
because some of them contradict her company’s work policy. Expecting potential
employees to break away from these traditions is not an option since religion
plays an important role in the functioning of the nation. What kind of
political system prevails in Margazo? Pluralistic Theocracy Tribal
totalitarian Democracy