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1) The law is often based on imprecisely defined moral concepts that cannot be
separated from legal concepts.
2) In the long run, MNEs must adequately meet the needs of all stakeholders in order to
prosper and survive.
3) An offer is the right but not the obligation to buy or sell foreign currency.
4) Governments that conduct takeovers of foreign companies rarely make formal
declarations of their intent to take over in advance of the action.
5) Globalization refers to all economic transactions among countries
6) The free trade theories of specialization assume that countries will be better off even
though some people are unemployed.
7) The most common way of identifying market segments is through demographics.
8) A key disadvantage of a polycentric staffing policy is that it limits the career mobility
of subsidiary executives.
9) The balanced scorecard approach is a preferred method for measuring performance
among U.S. firms, but the EU does not allow its usage.
10) A core competency gives every employee in an MNE a principle that helps them
coordinate transactions between value activities.
11) The pound-dollar forward rate for pounds is $1.9068, and the spot rate is $1.9100.
Pounds are selling at a ________.
A) discounted premium
B) backward discount
C) forward discount
D) forward premium
12) The 27 member EU negotiates trade agreements as one. The EU and Brazil have
negotiated a strategic trade alliance which is an example of a ________.
A) customs union
B) global free trade agreement
C) bilateral agreement
D) multilateral agreement
13) Although globalization may bring economic growth, critics nevertheless contend
that ________
A) the growth is too fast
B) the inequality of gains puts some people in a relatively worse economic situation
C) this growth is mainly for the future, thus ignoring present economic growth needs
D) the cultural foundations of sovereignty are supported by globalization
14) The fact that there are few reciprocal agreements among countries on the licensing
of professionals most likely means that ________.
A) universities' study abroad programs do not enable students to obtain dual degrees
and licenses from more than one country
B) more service functions are being handled as not-for-profit
C) people immigrate to those countries with the highest standards so as to more easily
become licensed anywhere else
D) there is an effective limitation on trade in services
15) ________ refers to the activities that an organization carries out to put the right
person into the right job in the right place at the right time for the right salary.
A) Work force analysis
B) Staff development
C) Human resource management
D) Leadership planning
16) The global capital market offers all of the following advantages to firms except
________.
A) short-term financing options
B) numerous investment opportunities
C) wide array of financing sources
D) financing at reduced cost
17) Costa Rica's recent economic transformation to depend more on high-tech
manufacturing is largely due to its adoption of ________ trade policy.
A) an import substitution
B) a comparative advantage
C) a factor proportions
D) a strategic
18) In reality, the organizational charts of ________ MNEs neatly depict a functional,
divisional, or matrix structure.
A) no
B) few
C) most
D) all
19) Premium Manufacturing is planning to expand operations overseas. Executives at
the firm are considering a number of different countries. Which of the following
countries would most likely have the lowest start-up costs?
A) India
B) China
C) Japan
D) Guatemala
20) A firm with operations in Denmark can most likely expect all of the following
EXCEPT ________.
A) high taxes
B) significant regulation
C) tough job-protection laws
D) minimal monetary policies
21) It is most accurate to say that within most nations' borders, people largely share
such essential attributes as ________ and ________.
A) work attitudes; occupations
B) lifestyles; education level
C) education level; ethnicity
D) values; language
22) What is the main challenge companies face in listing ADRs in the United States?
A) paying costly fees and tariffs
B) complying with SEC reporting requirements
C) listing shares in U.S. dollars instead of Eurodollars
D) conducting time-consuming performance evaluations
