D080 Managing in a Global Business Environment Unit Tests

D080 Managing in a Global Business Environment Unit Tests Leave the first rating Students also studied Terms in this set (96) Western Governors UniversityD 080 Save FVC1 V2 Global Business Unit 4 Test...10 terms cebrew71Preview Managing in a Global Business Envir...186 terms marlio4Preview D080 Unit 5 Test 19 terms Eneely01Preview WGU - 286 term axs How is global business positively affected by intercultural exchange?It increases worldwide connections that support commodity trading.How does globalization support tolerance for different people and ideas?By increasing the access to information A business has recently started selling in a new global marketplace. Shortly after the company made this global expansion, the new country opted to implement ad valorem tariffs. How will this change affect the company?It will levy a tax based on the value of goods imported, causing this company to export less.Which business component does the TRIPS agreement help protect for member nations?Intellectual property protection for all member nations A business operating globally wants to increase its overall production efficiency. Which strategy should the business use?Focus on Specialization The German government has imposed a specific tariff on T-shirts imported from Cambodia. How does this specific tariff affect the T-shirt producers in Germany?It protects German T-shirt producers.Countries A, B, and C have a trade agreement. Country C imposes high tariffs on all raw materials imported from Country A, and Country B imposes a lower tariff on the same raw materials imported from country A. What is the effect of this set of actions on these countries?Country A will do more business with Country B.

A multinational corporation (MNC) in a country with a strong labor union is seeking to move its production facility overseas.Which factor is a benefit of this action?Decreasing labor costs What is enhanced when creating regional trade agreements?Economic opportunity A firm based in Country A exports products to Country B.The currency in Country A is stronger than the currency in Country B. Which strategy should the firm use to maximize profits?Increase domestic sales and reduce its exports to Country B Which effect does a command economy have on the process of globalization?The government is less flexible, so the globalization process is challenged.A company is conducting a legal risk analysis for a country that has a civil law system. Which statement accurately characterizes this legal system?It is based on a detailed set of laws that form a code.Which fact should a company note when it opens its operations in the state of Louisiana?The state has a mixed law system.Which core principle of the World Trade Organization supports equality among member nations and helps fight discrimination among them?Most-favored-nation (MFN) status What is true regarding free trade?Free trade leads to specialization of each country and increases production efficiency.Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several imported products to protect its domestic products.What is the effect, if any, on the domestic prices of these products?Increases How do governments help companies offset the cost of manufacturing domestically?Subsidies What would a mercantilist value the most?A trade surplus A multinational corporation has manufacturing facilities in many Asian countries due to cheaper labor. Which strategy is the corporation using?Acquisition of resources A firm in Country A exports products to Country B. The currency in Country B is strong relative to the currency in Country A. What does this mean for the firm?More valuable export sales

A cruise ship employs over 200 workers over the course of 18 years. One worker describes terrible living conditions and the limited amount of food that employees are given to eat. Which labor convention is being violated by the employer?The Maritime Labour What does Article 2 of the Uniform Commercial Code (UCC) govern?The required conduct of both parties in accordance with the contract A company is concerned about source code theft of digital property. The company is reviewing a law that governs this behavior. Which law is being reviewed by this company?Intellectual property An employee at the U.S. Patent and Trademark Office was casually talking to a friend who worked at Company XYZ.The patent office employee mentioned that a pending patent application for Company XYZ was about to be denied, and the decision would become public in a few days. The public release of the report was likely to result in a severe reduction in the stock price of the company.The friend who worked at Company XYZ then placed an online trade transaction to sell all shares of stock they owned in Company XYZ the next day. Which specific law passed by the U.S. Congress did the Company XYZ employee violate?Sarbanes-Oxley Act (SOX) Which legislation is aimed at increasing ethical financial transparency in corporate America and affects foreign businesses that want to be listed on a U.S. stock exchange?Sarbanes-Oxley Act (SOX) An American employee is working in a Chinese firm in China and notices an ethical violation. The employee tells a colleague, who is Chinese, and the colleague advises the American employee to save face. What does the Chinese colleague mean by this advice?Report only if directly asked if a violation occurred During a training session, the employees are asked to identify irregularities. Which activity should be identified?An employee siphoning funds from the office account What is the term for the concept that people should purchase goods and services from organizations that match their own values and beliefs?Ethical consumerism Which action should a company take to change consumer perceptions of the company's ethical standards due to a recent scandal?Remedy negative events immediately with change

A new employee has recently transferred from the U.S.headquarters to a foreign office, and a coworker has been assigned to help the employee become acclimated to the new location. The coworker decides that the best place to start is with a description of the culture of the region since it is significantly different from the United States.Which piece of information is this coworker providing to this employee?Details about how the community functions What is the directional nature of contracts between international businesses?Horizontal contracts with vertical legal structure A company is reviewing intangible assets that are covered by intellectual property laws.Which asset is being reviewed?Copyright What is true regarding the ensuring of competitive markets?Antitrust laws that promote free domestic markets tend to promote globalization.Which international agreement involved nations committing to use their resources to limit greenhouse gas emissions?Kyoto Protocol of 1997 An individual works in a global office where it is typical to pay small, unofficial fees to top administrators in the city to gain an advantage. The individual agrees to pay the fee needed to expedite placement of a business phone line at home so work can be completed after normal work hours. What is this inducement called?Grease payment What is the reason to include a choice of law clause in the contract?It specifies which law applies to any disputes that could arise under the contract.A U.S. organization has a factory in a foreign market that is well-known for sweatshops. To maintain the organization's social responsibility, the organization describes the factories and working conditions to its customers via its website. Which practice is this company using?Using ethical transparency Which term refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information?Internal controls A company is training new employees and helping them identify discrepancies.Which scenario indicates a discrepancy that should be identified by the employees?A data entry technician unintentionally entered incorrect data into the system.