FREE AND STUDY GAMES ABOUT MGT C1,2 EXAM

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FREE AND STUDY GAMES ABOUT MGT C1,2 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

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-Guarantee passing score -36 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: What two broad issues for international business can be identified when considering the political, economic, and legal environments of a country?

Answer:

These systems clearly influence the attractiveness of a country as a market or investment site. These systems raise important ethical issues that have implications for international business.

Question 2: Critics of globalization protest in order to Blank______.

Answer:

diminish the impact of the culture of multinational enterprises on the world Question 3: In terms of conducting international business in China, it can be said that

Answer:

China represents a large -- basically untapped -- market.

Question 4: Which global institution is the successor to GATT?

Answer:

The World Trade Organization

Question 5: Collectivism refers to a political system that

Answer:

restricts an individual's right to do something on the grounds that it runs counter to the "good of society."

Question 6: The development of the microprocessor has lead to Blank______.

Answer:

a reduction in the cost of global communications Question 7: According to lecture and the textbook, whic situation would require the use of a trademark?

Answer:

A clothing manufacturer wants to differentiate its new line of jeans by naming the line "Ocean Blue" Question 8: The term Blank______ is used to stress that the political, economic, and legal systems of a country are connected.

Answer:

political economy Question 9: The decline of the United States' standing as a dominant industrial power is considered a(n) Blank______ decline because it reflects the faster economic growth of other economies.

Answer:

relative

Question 10: A company is involved in foreign direct investment when it

Answer:

invests in business activities outside of its home country.Question 11: ______ refers to a political system that values the needs of society over that of an individual.Multiple choice question.

Answer:

Collectivism

Question 12: There has been two notable trends in the demographics of multinational enterprises in the last 50 years. These include Blank______.

Answer:

the growth of mini-multinationals & the rise of non-U.S. multinationals.

Question 13: In a pure market economy, production of goods is determined by

Answer:

the interaction of supply and demand.Question 14: A(n) Blank______ business is any firm that engages in cross-border trade or investment.

Answer:

international Question 15: Product Blank______ is the area of law that holds a firm and its officers responsible for injuries caused by their product.

Answer:

liability Question 16: The system of government in a nation is called the Blank______ system

Answer:

political Question 17: The three broad types of economic systems include a market economy, a mixed economy and a(n) Blank______ economy.

Answer:

command Question 18: If all other things are equal, what three environments would make a country more attractive as a place to do business in?

Answer:

democratic political institutions, strong protection of property rights, market-based economic system

Question 19: Michael works at a lawnmower manufacturing company in St. Louis, Missouri, and his company imports component parts from Thailand and also ships final product to various countries. Michael's company is an example of a(n) Blank______ business.

Answer:

international Question 20: A government plans the quantity of goods and services produced as well as the prices at which they are sold in a pure _____ economy

Answer:

command Question 21: The legal rights regarding the use of a resource by a business or individual are known as Blank______ rights.

Answer:

property Question 22: Historically, national markets were distinct and separate entities. Today, these separate national markets have merged. This process is known as Blank______.

Answer:

the globalization of markets Question 23: The outward stock of foreign direct investment refers to the Blank______ of foreign investments by firms domiciled in a nation outside of that nation's borders.

Answer:

total cumulative value Question 24: Select the four facts that describe the demographics of the global economy a half a century ago. (Check all that apply.)

Answer:

Roughly half of the globe was off-limits to Western international business, U.S. dominance in the world economy and world trade, U.S. dominance in world foreign direct investment, and of large, multinational U.S. firms in the international business scene