there is a tendency for greater retail concentration in developing countries.
deming, the proponent of total quality management, suggested that management
shouldnt attempt to train employees in new skills.
political turmoil in several african nations has persistently impeded any meaningful
progress in economic integration.
countertrade is least attractive to large, diverse multinational enterprises.
in a command economy, the prices are determined by the free interplay of demand and
supply.
In the early 1960s, the United States was by far the worlds dominant industrial power.
However by 2009, it lost its dominant position and now, is no longer the worlds largest
industrial power.
A currency board system limits the ability of the government to print money and,
thereby, create inflationary pressures.
Lessard and Lorange recommend that firms use the projected spot exchange rate to
translate both the budget and performance figures into the corporate currency.
the radical view traces its roots to marxist political and economic theory.
The value of U.S dollar increased between 1980 and 1985 despite running a growing
trade deficit.
the distinguishing feature of many firms that pursue an international strategy is that they
are selling a product that serves local needs, but they do not face significant
competitors.
a capital market brings together those who want to invest money and those who want to
borrow money.
Globalization of markets results in markets becoming ____.
A.less interdependent
B.less diverse
C.more protected
D.less competitive
hofstedes dimension of confucian dynamism:
a.captures attitudes toward time, persistence, ordering by status, protection of face,
respect for tradition, and reciprocation of gifts and favors
b.focuses on how a society deals with the fact that people are unequal in physical and
intellectual capabilities
c.explores the relationship between the individual and his/her fellows
d.looks at the relationship between gender and the ability to accept ambiguous
situations
The _____ writes the generally accepted accounting principles (GAAP) that govern the
financial statements of U.S. firms.
A.US Securities and Exchange Commission
B.Office of Economic Analysis
C.International Accounting Standards Board
D.Financial Accounting Standards Board
_____ predicts that the power of microprocessor technology doubles and its cost of
production falls in half every 18 months.
A.Keyness Law
B.Says Law
C.Moores Law
D.Sullivan Principles
on january 1, 2012, ermler company, a calendar-year company, issued $800,000 of
notes payable, of which $200,000 is due on january 1 for each of the next four years.
the proper balance sheet presentation on december 31, 2012, is
a.current liabilities, $800,000
b.long-term debt , $800,000
c.current liabilities, $400,000; long-term debt, $400,000
d.current liabilities, $200,000; long-term debt, $600,000
the following totals for the month of march were taken from the payroll register of kern
company.
the entry to record the accrual of federal unemployment tax would include a
a.credit to federal unemployment taxes payable for $288
b.debit to federal unemployment taxes expense for $288
c.credit to payroll tax expense for $288
d.debit to federal unemployment taxes payable for $288
in a seminal study, r. l. tung found that for japanese multinationals, the biggest
impediment to expatriate success was:
a.the inability of the spouse to adjust
b.inadequate compensation
c.the managers inability to cope with larger overseas responsibilities
d.the lack of adequate technical training
bank charges on letter of credit will depend on the ____.
a.exporters creditworthiness
b.size of the transaction
c.exporters means of finance
d.time taken to approve sale
which of the following is a hidden cost associated with basing production in a foreign
location?
a.cost of labor within the location
b.high employee turnover
c.transportation costs
d.differences in the value of currency
the most typical joint venture is a _____ venture.
a.50/50
b.60/40
c.75/25
d.10/90
licensing would be a good option for firms in which of the following industries?
a.high-technology industries in which protecting firm-specific expertise is of paramount
importance.
b.global oligopolies, in which competitive interdependence requires that multinational
firms maintain tight control over foreign operations.
c.industries in which intense cost pressures require that multinational firms maintain
tight control over foreign operations.
d.in fragmented, low-technology industries in which globally dispersed manufacturing
is not an option.
_____ activities are basically concerned with creating the product, marketing and
delivering the product to buyers, and providing support and after-sales service.
a.support
b.subordinate
c.ancillary
d.primary
according to amartyasen, development should be:
a.seen as a process of expanding the real freedoms that people experience
b.seen as a non-political concept that focuses on the net income of a country
c.should be viewed as a purely economic process
d.assessed by material output measures such as gni per capita
in which of the following economies would the government be most likely to take into
state ownership troubled firms whose continued operation is thought to be vital to
national interests?
a.market economies
b.laissez-faire economies
c.liberal economies
d.mixed economies
the basic strategy paradigm suggests that to maximize its profitability, a firm should do
all of the following, except:
a.choose, according to strategy, any position on the efficiency frontier as all positions
are viable
b.pick a position on the efficiency frontier that is viable in the sense that there is enough
demand to support that choice
c.configure its internal operations so that they support the position on the efficiency
frontier
d.make sure that the right organization structure is in place to execute the strategy
for international businesses, the connection between culture and competitive advantage
is important because:
a.a weak connection is likely to encourage isolationism
b.a weak connection is likely to encourage competition
c.a strong connection is likely to produce the most viable competitors
d.a strong connection is likely to hamper innovation
united states sells bonds that are denominated in dollars in europe. this is an example of
a _____ bond.
a.foreign
b.euro
c.micro
d.regulatory
the products of carmen stores, an international sports apparel chain, are manufactured in
sweat factories in china. according to the company president, using sweatshop labor
offers a means of livelihood to children and young adults, as well as supplies good
quality apparel to customers at a lower cost. she asserts that the actions of the company
are justified because it results in the benefit of the maximum number of people. the
company presidents argument is based on which of the following ethical viewpoints?
a.the righteous moralist
b.the friedman doctrine
c.kantian approach to business ethics
d.utilitarian approach to business ethics
which of the following was required for new applicants to qualify for eu membership?
a.minimum economy size of 1 trillion
b.nationalization of private assets
c.deregulation of markets
d.sustained gdp growth of 10 percent for five years