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Business in Global Markets Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. When companies buy and sell products to one another, what are a few other considerations that need to be understood:

Question 2 2. If 35 Euros buys 70 US dollars, what is the exchange rate from dollars to Euros?

Question 3 3. How does absolute advantage differ from comparative advantage?

Question 4 4. An is the sale of goods to a foreign country, while an _ is the purchase of foreign manufactured goods in the buyer's domestic market.

Question 5 5. How is a market system different from a command system?

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Question 6 6. Why might a country import goods instead of making everything itself?

Question 7 7. Which one of the following is the lowest level of economic integration?

Question 8 8. What is an agreement between two or more countries to reduce or eliminate economic barriers to trade and commerce between their countries?

Question 9 9. Why does a foreign subsidiary have limited rights concerning decision-making?

Question 10 10. How have technology and outsourcing impacted small businesses?

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Question 11 11. Define Uncertainty Avoidance in Hofstede's cultural dimensions.

Question 12 12. What is a theory that looks at unique aspects of cultures and rates them on a scale for comparison?

Question 13 13. If a business decides to enter into a temporary partnership with another business for a specific endeavor for profit, what global strategy is the business pursing?

Question 14 14. Jill is being placed in charge of the XYZ Corp. sales offices in the Bahamas. In order to succeed, Jill will need to develop _____

Question 15 15. Which one of the following is NOT a sociocultural factor?

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Question 16 16. How does a greenfield investment differ from a brownfield investment?

Question 17 17. Why is it important for emerging markets to have a stable legal and regulatory system?

Question 18 18. Easy access to shipping lanes is an example of a _____ factor that impacts a country's ability to participate in the global market.

Question 19 19. Which of the following is NOT a strategy for entering the global marketplace?

Question 20 20. What does not give the holder ownership rights to the intellectual property, but merely the right to use it?

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Question 21 21. Why do climate and geography affect the global marketplace?

Question 22 22. How does Hofstede view Masculinity in a given society?

Question 23 23. Why is Hofstede's cultural dimensions theory relevant to the business market today?

Question 24 24. The process of creating a truly global market and involves an overall increase of international trade, which includes the flow of labor, services, goods and capital across international borders is called?

Question 25 25. How would the Power Distance dimension apply within a given organization?

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Question 26 26. A policy aimed at restricting imports of foreign goods into a country is called:

Question 27 27. Typical trade barriers include _ that are taxes on imports and that limit the number of imports permitted during a specific period of time.

Question 28 28. Chances are that company is working with many international vendors and customers, and a successful manager will need to think when it comes to all issues.

Question 29 29. A country has an in the production of goods or services for which the country has the best resources and specialized skills.

Question 30 30. Which one of the following arrangements provides the greatest level of economic integration?

Business in Global Markets Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Business 100: Intro to Business  /  Business Courses
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