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978-0134890494 Chapter 10
CHAPTER 10 INTERNATIONAL MONETARY SYSTEM LEARNING OBJECTIVES: 10.1 Describe the importance of exchange rates to business activities. 10.2 Outline the factors that help determine exchange rates. 10.3 Explain attempts to construct a system of fixed exchange rates. 10.4 Describe efforts […]
978-0134890494 Chapter 11
CHAPTER 11 INTERNATIONAL STRATEGY AND ORGANIZATION LEARNING OBJECTIVES: 11.1 Explain the company analysis techniques that precede strategy selection. 11.2 Describe the various strategies that companies use to reach their goals. 11.3 Outline the key issues behind the selection of organizational […]
978-0134890494 Chapter 12
CHAPTER 12 ANALYZING INTERNATIONAL OPPORTUNITIES LEARNING OBJECTIVES: 12.1 Explain the importance of examining basic appeal and national factors. 12.2 Describe how companies measure and select a market or site. 12.3 Identify the main sources of secondary market research data. 12.4 […]
978-0134890494 Chapter 13
CHAPTER 13 SELECTING AND MANAGING ENTRY MODES LEARNING OBJECTIVES: 13.1 Describe how companies use exporting, importing, and countertrade. 13.2 Explain the various methods of export/import financing. 13.3 Describe the different types of contractual entry modes. 13.4 Describe the various kinds […]
978-0134890494 Chapter 14
CHAPTER 14 DEVELOPING AND MARKETING PRODUCTS LEARNING OBJECTIVES: 14.1 Describe the factors to consider in developing international product strategies. 14.2 Outline the international promotional strategies and methods available to firms. 14.3 Explain the factors to consider when designing international distribution […]
978-0134890494 Chapter 15
CHAPTER 15 MANAGING INTERNATIONAL OPERATIONS LEARNING OBJECTIVES: 15.1 Describe the elements to consider when formulating production strategies. 15.2 Outline the issues to consider when acquiring physical resources. 15.3 Identify the key production matters that concern managers. 15.4 Explain the potential […]
978-0134890494 Chapter 16
CHAPTER 16 HIRING AND MANAGING EMPLOYEES LEARNING OBJECTIVES: 16.1 Explain the three types of staffing policies that companies use. 16.2 Describe the key human resource recruitment and selection issues. 16.3 Summarize the main training and development programs that firms use. […]
978-0134890494 Chapter 2
CHAPTER 2 CROSS-CULTURAL BUSINESS LEARNING OBJECTIVES: 2.1 Explain culture and the need for cultural knowledge. 2.2 Summarize the cultural importance of values and behavior. 2.3 Describe the roles of social structure and education in culture. 2.4 Outline how the major […]
978-0134890494 Chapter 4
CHAPTER 4 ECONOMIC DEVELOPMENT OF NATIONS LEARNING OBJECTIVES: 4.1 Explain economic development and how it is measured. 4.2 Describe economic transition and its main obstacles. 4.3 Outline the various sources of political risk. 4.4 Explain how companies can manage political […]
978-0134890494 Chapter 5
CHAPTER 5 INTERNATIONAL TRADE THEORY LEARNING OBJECTIVES: 5.1 Describe the benefits, volume and patterns of international trade. 5.2 Explain how mercantilism worked and identify its inherent flaws. 5.3 Detail the theories of absolute advantage and comparative advantage. 5.4 Summarize the […]
978-0134890494 Chapter 6
CHAPTER 6 POLITICAL ECONOMY OF TRADE LEARNING OBJECTIVES: 6.1 Explain why governments sometimes intervene in trade. 6.2 Outline the instruments that governments use to promote trade. 6.3 Describe the instruments that governments use to restrict trade. 6.4 Summarize the main […]
978-0134890494 Chapter 7
CHAPTER 7 FOREIGN DIRECT INVESTMENT LEARNING OBJECTIVES: 7.1 Describe the worldwide pattern of foreign direct investment (FDI). 7.2 Summarize each theory that attempts to explain why FDI occurs. 7.3 Outline the important management issues in the FDI decision. 7.4 Explain […]
978-0134890494 Chapter 8
CHAPTER 8 REGIONAL ECONOMIC INTEGRATION LEARNING OBJECTIVES: 8.1 Outline the levels of economic integration and its debate. 8.2 Describe integration in Europe and its enlargement. 8.3 Describe the integration in the Americas and its prospects. 8.4 Summarize integration in the […]
978-0134890494 Chapter 9
CHAPTER 9 INTERNATIONAL FINANCIAL MARKETS LEARNING OBJECTIVES: 9.1 Explain the importance of the international capital market 9.2 Describe the main components of the international capital market. 9.3 Outline the functions of the foreign exchange market. 9.4 Explain the different types […]
978-0134890494 Test Bank Chapter 1 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 1 Globalization 1) Which of the following best defines international business? A) It includes all economic flows between two or more countries. B) It includes all private economic flows between two […]
978-0134890494 Test Bank Chapter 1 Part 2
48) Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________. A) elevation of nationalism B) rise of closed economies C) political stagnation D) technological innovation Answer: D AACSB: Information technology Skill: […]
978-0134890494 Test Bank Chapter 10 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 10 International Monetary System 1) When the value of a country’s currency declines, the price of its ________. A) exports and imports on world markets declines B) exports and imports on […]
978-0134890494 Test Bank Chapter 10 Part 2
57) Sam’s mentor is excited about the wheat prices in France and the U.S. because he sees an opportunity to buy wheat in the U.S. and sell it in France, which is known as a(n) ________. A) exchange rate profit […]
978-0134890494 Test Bank Chapter 11 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 11 International Strategy and Organization 1) ________ is the process of identifying and selecting an organization’s objectives and deciding how the organization will achieve those objectives. A) Stratification B) Planning C) […]
978-0134890494 Test Bank Chapter 11 Part 2
74) Briefly describe the three generic business-level strategies, providing an example of each. Answer: In addition to stipulating the overall corporate strategy, managers must also formulate separate business-level strategies for each business unit. For some companies, this means creating just […]
978-0134890494 Test Bank Chapter 12 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 12 Analyzing International Opportunities 1) Which of the following is not one of the three steps in increasing market share, revenue, and profits? A) assess alternative markets B) evaluate respective costs, […]
978-0134890494 Test Bank Chapter 12 Part 2
57) When developing a market-potential indicator for an emerging market, market growth rate is typically estimated from the ________. A) per capita private consumption B) GDP C) total population D) percentage of a market’s population in the middle class Answer: […]
978-0134890494 Test Bank Chapter 13 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 13 Selecting and Managing Entry Modes 1) ________ is the most common form of international business activity. A) Exporting B) Licensing C) Countertrade D) Joint Venture Answer: A AACSB: Application of […]
978-0134890494 Test Bank Chapter 13 Part 2
20 Copyright © 2019 Pearson Education, Inc. Scenario: Gro-Tru Grows To Europe Gro-Tru, a maker of chemical fertilizers and pesticides, sees enormous growth potential in Central Europe. The company has received several inquiries from potential importers in the region, but […]
978-0134890494 Test Bank Chapter 14 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 14 Developing and Marketing Products 1) Governments in developing countries impose fewer consumer protection laws in order to ________. A) hold down production costs and consumer prices B) enable companies to […]
978-0134890494 Test Bank Chapter 14 Part 2
60) Using examples, explain the circular process of marketing communication. Answer: The process of sending promotional messages about products to target markets is called marketing communication. Communicating the benefits of a product can be more difficult in international business than […]
978-0134890494 Test Bank Chapter 15 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 15 Managing International Operations 1) Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company? A) buyer decision […]
978-0134890494 Test Bank Chapter 15 Part 2
19 Copyright © 2019 Pearson Education, Inc. Scenario: Audio Component Outsourcing Echo Corporation manufactures high-quality audio components, such as speakers, amplifiers, and receivers, for home entertainment systems. Echo has been losing market share in recent years due to the competitive […]
978-0134890494 Test Bank Chapter 16 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 16 Hiring and Managing Employees 1) The customary means by which a company fills up vacancies in its offices is called ________. A) a staffing policy B) an employment policy C) […]
978-0134890494 Test Bank Chapter 16 Part 2
62) Describe the differences between human resource management in a domestic setting and an international setting, and explain the three phases of human resources planning. Answer: Human resource management (HRM) is the process of staffing a company and ensuring that […]
978-0134890494 Test Bank Chapter 2 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 2 Cross-Cultural Business 1) ________ consists of specific learned norms based on attitudes, values, and beliefs of a group of people. A) Ethnology B) Civilization C) Culture D) Doctrine Answer: C […]
978-0134890494 Test Bank Chapter 2 Part 2
59) Reverse brain drain is the process by which ________. A) manual laborers migrate from low-income countries to high-income countries B) professionals are lured back to their homeland C) students from Europe choose to enroll themselves in American universities D) […]
978-0134890494 Test Bank Chapter 3 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 3 Political Economy and Ethics 1) In ________ cultures, economic systems tend to provide incentives and rewards for a person’s private business initiatives. A) individualist B) high uncertainty avoidance C) feminine […]
978-0134890494 Test Bank Chapter 3 Part 2
55) Explain the benefits and drawbacks of a value-added tax. Answer: Many countries impose a value added tax (VAT)—a tax levied on each party that adds value to a product throughout its production and distribution. The United States has not […]
978-0134890494 Test Bank Chapter 4 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 4 Economic Development of Nations 1) Which of the following terms refers to the broadest measure of economic development of a country? A) gross domestic product (GDP) B) purchasing power parity […]
978-0134890494 Test Bank Chapter 4 Part 2
46) CADE Enterprises, a U.S. manufacturer, received assistance from the Overseas Private Investment Corporation when it expanded operations into Saudi Arabia. Which of the following types of support did CADE most likely receive from OPIC? A) financial capital B) cultural […]
978-0134890494 Test Bank Chapter 5 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 5 International Trade Theory 1) The term ________ refers to the voluntary exchange of goods, services, assets, or money between one person or organization and another across national borders. A) sales […]
978-0134890494 Test Bank Chapter 5 Part 2
53) Which of the following statements is true of the above scenario? A) Foodland has a comparative advantage in producing drinks. B) Drinkland cannot trade with Foodland because trade is too expensive. C) Drinkland has an absolute advantage in producing […]
978-0134890494 Test Bank Chapter 6 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 6 Political Economy of Trade 1) Free trade ________. A) is another term for managed trade B) implies that the national government exerts minimal influence on the exporting and importing decisions […]
978-0134890494 Test Bank Chapter 6 Part 2
58) Regulatory controls or bureaucratic rules designed to impair the rapid flow of imports into a country are called ________. A) local content requirements B) administrative delays C) voluntary export restraints D) import quotas Answer: B AACSB: Application of knowledge […]
978-0134890494 Test Bank Chapter 7 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 7 Foreign Direct Investment 1) Which type of investment involves the acquisition of foreign assets for the purpose of controlling them? A) foreign direct investment B) foreign portfolio investment C) capital […]
978-0134890494 Test Bank Chapter 7 Part 2
60) Coca-Cola has collaborative arrangements whereby it produces concentrate that it sells to other companies to bottle its drinks. Which of the following terms best describes this type of arrangement? A) vertical integration B) horizontal integration C) link alliance D) […]
978-0134890494 Test Bank Chapter 8 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 8 Regional Economic Integration 1) The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international flow of products, people, or capital […]
978-0134890494 Test Bank Chapter 8 Part 2
60) Which of the following countries has been facing difficulties in negotiations regarding its application for European Union membership? A) Bulgaria B) Czech Republic C) Romania D) Turkey Answer: D AACSB: Application of knowledge Skill: Concept Difficulty: Easy LO: 8.2: […]
978-0134890494 Test Bank Chapter 9 Part 1
International Business: The Challenges of Globalization, 9e (Wild) Chapter 9 International Financial Markets 1) Company debt normally takes the form of ________, and it is an asset that can be traded anywhere at any time. A) global bonds B) equity […]
978-0134890494 Test Bank Chapter 9 Part 2
59) ________ refers to the most commonly quoted interest rate that London banks charge other large banks that borrow Eurocurrency. A) London Interbank Offer Rate (LIBOR) B) London Interbank Bid Rate (LIBID) C) Spot rate D) Cross rate Answer: A […]