Download CH 7 quiz 1 sec 2 1. Globalization of production can also be known

CH 7 quiz 1 sec 2
1. Globalization of production can also be known as
A. General Agreements
B. Off Shoring
C. Human Development Index
D. Evaluating Market
2. ____________ means that the country imports more goods than it exports.
A. Trade Deficit
B. Trade Surplus
C. Trade Neutrality
D. Trade Competition
3. Which would not be a factor considered for Economic Analysis?
A. Competitive Analysis
B. General Economic Environment
C. Market Size & Population Growth
D. Real Income
4. Globalization refers to the processes by which _____________ flow across national borders.
A. Goods
B. Services
C. Capital
D. All the Above
5. For organization GATT what do the T's stand for
A. Tariffs and Trade
B. Taxes and Tools
C. Terminals and Tactics
D. Trade and Terms
6. Infrastructure is defined as the basic ___________needed for a community or society to
function.
A. Facilities
B. Services
C. Installations
D. All of the Above
7. Which of these is a global product or service strategy?
A. sell a product or service similar to that sold in home country but include minor
adaptations
B. sell totally new products or services
C. sell the same product or service in both the home country market and the host country
D. all of the above
8. Three potential global product strategies are:
A. sell the same product or service in both the home country market and the host country
B. sell a product or service similar to that sold in home country but include minor
adaptations
C. sell totally new products or services
D. all of the above
9. ________ refer to collaborative relationships between independent firms.
A. Strategic alliances
B. Joint ventures
C. Direct investments
D. Trade agreements
10. A _______________ is formed when a firm entering a new market pools its resources
with those of a local firm to form a new company in which ownership, control, and
profits are shared.
A. strategic alliance
B. direct investment
C. franchising
D. joint venture
11. Which of the following is not a part of market assessment?
A. Community Action
B. Government Action
C. Economic Analysis
D. Infrastructure & Technology
12. Which of the following is NOT one of Geert Hofstede's cultural dimensions?
A. Power Distance
B. Individualism
C. Time Orientation
D. Community Values
13. The measure of how much one currency is worth in relation to another is referred to
as the____________.
A. Exchange rate
B. Trade deficit
C. Franchising process
D. Strategic alliance
14. What is the major challenge in developing a global communication strategy?
A. Being able to communicate your strategy across the globe.
B. Identifying the elements that need to be adapted to be effective in the global
marketplace.
C. Differences in language, customs, and culture
D. B and C
15. What is cultural imperialism?
A. The belief that one's own culture is superior to that of other nations.
B. Some cultures have more superior people than other cultures.
C. The democratic ways are becoming more and more dominant.
D. None of the above.
16. The North American Free Trade Agreement (NAFTA) is limited to trade-related
issues, such as tariffs and quotas, in what country?
A. United States
B. Canada
C. Mexico
D. All of the above
17. Gross National Income consists of...
A. GDP and the net income earned from investments abroad
B. GDP and the net income earned from investments in the U.S.
C. the total net income earned in the U.S
D. the total net income earned abroad
18. _______ refers to the processes by which goods, services, capital, people,
information, and ideas flow across national borders.
A. Offshoring
B. Globalization
C. Exporting
D. Joint Venture
1b
2a
3a
4d
5a
6d
7d
8d
9a
10d
11a
12d
13a
14d
15a
16d
17 a
18b