Joint ventures are similar in structure and organization to minority holdings by a
multinational company (MNC) in a local firm.
The decisions taken by the World Trade Organization in solving trade disputes among
members are binding ones.
High transaction costs associated with the use of the Internet prevents smaller firms in
emerging countries from selling into a global market.
In an import-oriented distribution structure, supply often exceeds demand.
Sales promotions are marketing activities that stimulate consumer purchases and
improve retailer or middlemen effectiveness and cooperation.
Franchising is a rapidly growing form of licensing in which the franchiser provides a
standard package of products, systems, and management services, and the franchisee
provides market knowledge, capital, and personal involvement in management.
Cultures which are low in Uncertainty Avoidance index:
A. seek absolute truth.
B. accord a high level of importance to rules as a means of avoiding risk.
C. tend to be distrustful of new ideas or behaviors.
D. dogmatically stick to historically tested patterns of behavior.
E. take a more empirical approach to understanding and knowledge.
From a sociological viewpoint, any idea perceived as new by a group of people is
considered as a(n) _____.
A. creation
B. adaptation
C. ideation
D. homologation
E. innovation
According to the high-context/low-context continuum identified by Edward T. Hall,
communication in a low-context culture depends on:
A. the context.
B. who says it.
C. when it is said.
D. how it is said.
E. the verbal expression.
_____ data refers to the data that has been collected specifically for the particular
research project at hand.
A. Derived
B. Primary
C. Referential
D. Bipolar
E. Cohort
Under _____, the legal system is generally divided into three separate codes:
commercial, civil, and criminal.
A. constitutional law
B. code law
C. family law
D. religious law
E. traditional law
Which of the following policies was used in the formation of a provisional government
in Cuba in 1906?
A. The Manifest Destiny
B. The Hay Manifesto
C. The Wilson Mandate
D. The Roosevelt Corollary
E. The Gadsden Policy Position
Pots and Pans Unlimited, a large U.S. kitchenware distributor, takes a selection of its
inventory twice a year to Vietnam and sells it to CookWell, a large Vietnam-based
kitchen retailer. CookWell, in turn, sells those products through its retail stores in
Vietnam and Thailand. Which of the following best describes the form of exporting that
Pots and Pans Unlimited is engaged in?
A. Parallel exporting
B. Multiple layer exporting
C. Direct exporting
D. Synergistic exporting
E. Contractual exporting
Which of the following countries are considered to be the least aggressive with respect
to negotiation behavior?
A. France
B. Germany
C. China
D. Taiwan
E. Japan
Another term for IMF special drawing rights (SDRs) is:
A. black gold.B. exchange permits.
C. floating currencies.
D. paper gold.
E. virtual dollars.
In the context of task-related exchange of information, _____ negotiators are reluctant
to voice objections lest they damage personal relationships.
A. Mexican
B. American
C. German
D. British
E. Israeli
The Westernized diet has caused many Japanese to become overweight. This is an
example of _____ change.
A. top-down
B. planned
C. central
D. unplanned
E. bottom-up