The objectives at the ________ of an organization are typically more precise and
contain numerical targets of performance.
A) department-level
B) business-level
C) global-level
D) corporate-level
The ease with which bondholders and shareholders may convert their investments into
cash is called ________.
A) barter
B) clearing
C) countertrade
D) liquidity
Mika finds that he has very little control over several aspects of his life. Whether his
education or occupation, the few options available to him are determined by his birth.
Which of the following is a characteristic of Mika’s society?
A) There is no distinction between the people of high and low birth in Mika’s culture.
B) Mika belongs to a society in which there is little scope for mobility.
C) Mika belongs to a society in which economic wealth determines social status.
D) Mika belongs to a society in which caste system and social status is a myth.
Scenario: Blickinstock at the Crossroads
Auto parts supplier, Blickinstock Ltd., would like to expand its presence in Latin
America. To that end, Blickinstock is trying to decide whether to purchase an existing
company in a remote region of Argentina or build its own subsidiary. Keith Moon,
Blickinstock’s vice president of global business development, will be making a
presentation to the board outlining the company’s options.
A system of production in which each of a product’s components is produced in the
location where the cost of producing that component is lowest is called ________
production.
A) rationalized
B) craft
C) job
D) customized
The Leontief paradox describes evidence ________.
A) in support of the predictions of the mercantilist theory
B) contrary to the predictions of the factor proportions theory
C) that the assumptions of international product life cycle theory are invalid
D) that the assumptions of the new trade theory are invalid
The possibility that a company will create a future competitor by charging another
company for access to its knowledge is a(n) ________ that can encourage FDI.
A) ownership advantage
B) internalization advantage
C) market imperfection
D) trade barrier
In an attempt to raise money in Country B, Color-Me-Green was quoted an interest rate
of 14 percent by a local bank. This quoted rate is called the ________ rate.
A) cross
B) artificial
C) nominal
D) exchange
Scenario: The French Government
The French Government has placed many restrictions upon the use of the English
language within their borders. They argue that the inflow of English movies, music, and
literature is responsible for the dilution of their rich culture.
Which of the following terms refers to the technology used in a culture to manufacture
goods and provide services?
A) vernacular culture
B) popular culture
C) trash culture
D) material culture
Scenario: Konesia Joins the World
Konesia, a former totalitarian economy and pariah state, is taking steps toward a free
market economy. The government wants to encourage trade but also wants to find a
balance so that local businesses and industries are not harmed. Which of the following
would be Konesia’s least appropriate method to restrict unwanted trade?
A) introduce an administrative delay
B) impose a quota
C) reduce tariffs
D) impose a currency control
Crystal inc. is a multifaceted company that deals with the mining, cutting, and selling of
diamonds. It gives distributors and suppliers access to its database to place orders or
restock inventories electronically and automatically. Which of the following is the
network implemented in the company?
A) intranet
B) chaosnet
C) extranet
D) ethernet