Archives: Quiz

Copyright © 2013 Pearson Education, Inc. 33) In a two-good, two country world, if one country has an absolute advantage in the production of both goods, it cannot benefit by trading with the other country. Answer: FALSE Diff: 2 Page […]

120. Project GLOBE Project GLOBE, an important global study of leadership using data from 17,300 middle managers from 951 organizations in the food processing, financial services, and telecommunications services industries. Researchers found that people in different nations had some similar […]

Copyright © 2013 Pearson Education, Inc. 49) The opportunity cost of taking a semester-long economics class is A) the cost of tuition and fees only. B) the value of the time spent in the classroom. C) zero because there is […]

81. High levels of motivation in teams are likely when A. the rewards are substantial. B. the team has low levels of diversity. C. team members see one another as each member sees himself or herself. D. the task is […]

Copyright © 2013 Pearson Education, Inc. Microeconomics, 4e (Hubbard/O’Brien) Chapter 2 Trade-offs, Comparative Advantage, and the Market System 2.1 Production Possibilities Frontiers and Opportunity Costs 1) Scarcity A) stems from the incompatibility between limited resources and unlimited wants. B) can […]

Topic: Global versus Domestic Leadership 46. Leadership traits viewed universally as unacceptable, according to the Project GLOBE study, are A. egocentric, loner, and dictatorial. B. indecisive, unprincipled, and dishonest. C. indirect, indecisive, and antisocial. D. passive, indirect, and unprincipled. E. […]

Copyright © 2013 Pearson Education, Inc. 11) Consider the following economic agents: a. the government b. consumers c. producers Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that […]

11-1 Module 11 Global Leadership Issues and Practices Answer Key True / False Questions 1. A strong grasp of the business fundamentals that underlie international business is an important first step to selecting and developing global leaders. 2. FALSE The […]

Copyright © 2013 Pearson Education, Inc. 1.4 Microeconomics and Macroeconomics 1) Which of the following is a microeconomics question? A) How much will be saved and how much will be produced in the entire economy? B) What will the level […]

135. virtual corporations Rather than building competence from the ground up and incurring high startup costs that could limit future production decisions, virtual corporations form a network of dynamic relationships that allows them to take advantage of the competencies of […]

Copyright © 2013 Pearson Education, Inc. Microeconomics, 4e (Hubbard/O’Brien) Chapter 1 Economics: Foundations and Models 1.1 Three Key Economic Ideas 1) Recent changes occurring within the U.S. health care system, including lower insurance reimbursement rates, have resulted in A) a […]

105. According to the text, the types of information an IC needs to have reported by subsidiaries include: A. meteorological. B. gastronomical. C. technological. D. biological. For decision making and control of organizational resources to be effective, all operating units […]

81. Proponents of the horizontal corporation: A. claim that lateral relationships inhibit innovation and new-product development. B. state that this approach to organizing helps to place more decision-making responsibility in the hands of middle managers and other skilled professionals. C. […]

58. Disadvantages of the regionalized organization structure include A. the increased complexity of directing worldwide operations. B. its inappropriateness for use in global companies. C. its duplication of area and product specialists. D. the need for placing specialized product managers […]

37. According to the text, the two main issues for management to consider in designing an international company’s structure include which of the following? A. Departmentalizing to most effectively take advantage of efficiencies gained from specialization of capital. B. Integrating […]

10-1 Module 10 Organizational Design and Control Answer Key True / False Questions 1. A company’s organizational structure helps to determine where formal power and authority will be located within the organization. 2. TRUE Organizational structure deals with how an […]

153. Answers may vary but may include the following: Mission, vision and value statements communicate to the corporation’s stakeholders (employees, stockholders, governments, partners, suppliers, and customers) what the company is, where it is going, and the values that will guide […]

135. Scenarios Scenarios are multiple, plausible stories for probable futures. ________ are multiple, plausible stories for probable futures. AACSB: Reflective Thinking Blooms: Understand Difficulty: 2 Medium Learning Objective: 09-02 Describe the global strategic planning process and its components. Topic: The […]

Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 09-04 Discuss the time horizon; organizational level; and different methods of strategic planning. Topic: Overview of International Strategy 96. According to the text, the time horizon of a strategic plan […]

62. A Booz Allen Hamilton/Aspen Institute survey of corporations in 30 countries revealed that 89 percent of these organizations had explicit, written statements of corporate values and that greater success in linking a corporation’s values to its operations was related […]

37. A company’s ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, generating higher rates of profit than its competitors, is known as A. international strategy. B. competitive advantage. C. resource leverage. […]

9-1 Module 09 International Competitive Strategy Answer Key True / False Questions 1. The objective of scenario building is to force executives to question their assumptions about the environments in which the company operates and incorporate into their planning the […]

115. Fiscal This is taken directly from the text. ____________ policies concern the collection and spending of money by the government. AACSB: Reflective Thinking Blooms: Remember Difficulty: 1 Easy Learning Objective: 08-03 Describe the factors that influence exchange rate movement. […]

86. A. institutions, rules, procedures, and processes. B. treaties among nations in trade blocks. C. bilateral legal arrangements among nations and then, belief in the system. D. relationships among sellers in the international market. The system is a combination of […]

46. Currency exchange controls are found most frequently in A. developing countries. B. developed countries. C. countries with pegged exchange rates. D. nondemocratic countries. Currency controls are found most frequently in developing countries that are having balance of payment issues […]

8-1 Module 08 The International Monetary System and Financial Forces Answer Key True / False Questions 1. Sir Isaac Newton established the price of gold in 1717 and de facto put England on the gold standard. 2. FALSE The simplicity […]

Topic: Differences in Economic Systems 137. foreign exchange A scarcity of foreign exchange can make it difficult for the subsidiary to import raw materials and spare parts for its production equipment. A scarcity of __________ can make it difficult for […]

Blooms: Understand Difficulty: 2 Medium Learning Objective: 07-04 Discuss the socioeconomic dimensions of economies and the indicators used to assess them. Topic: Differences in Economic Systems Fill in the Blank Questions 107. economic forces Economic forces are among the most […]

Learning Objective: 07-03 Outline the dimensions used to describe the economy and their indicators. Topic: Differences in Economic Systems 76. According to the text, relative changes in wage rates among nations may cause the multinational firm to A. choose new […]

Blooms: Understand Difficulty: 2 Medium Learning Objective: 07-02 Compare different categories of countries; based on levels of national economic development. Topic: Economic Development 42. Most developed nations share the following characteristic(s): A. technological dualism. B. high productivity and incomes in […]

7-1 Module 07 Economic and Socioeconomic Forces Answer Key True / False Questions 1. Newspapers in China refer to young people with good jobs as “zippies.” 2. TRUE India’s strength so far has been in services; China has been the […]

Learning Objective: 06-04 Identify methods to protect intellectual property. Topic: Property Rights and Intellectual Property Rights 115. patents These are the three categories of patents in the U.S. There are three types of ____________ available in the U.S.: utility, design, […]

ethics; and accounting. Topic: Laws Affecting International Business 87. Arbitration is A. often preferred by foreign litigants in the U.S., for speed and privacy. B. avoided by foreign litigants because it is costly and perceived to be biased. C. a […]

47. A. will ensure that the charges are dropped. B. to let them know of the situation may be a good idea, but usually the embassy cannot help much. C. will lead to meetings that will arrange for everything needed […]

Answer: B Difficulty: 2 Medium Section: 21.1 The Legal Forms of Acquisitions Topic: Mergers, acquisitions, and divestitures Bloom’s: Level 2 Understand Accessibility: Keyboard Navigation Answer: A Difficulty: 1 Easy Section: 21.1 The Legal Forms of Acquisitions Topic: Mergers, acquisitions, and […]

6-1 Module 06 Intellectual Property Rights and Other Legal Forces Answer Key True / False Questions 1. To what degree a country’s legal system is based on the rule of law makes no difference to international business; it is personal […]

48) You just returned from some extensive traveling. You started your trip with $25,000 in your pocket. You spent €7,800 traveling throughout the European Union, 5,500NKr in Norway, and £9,100 in the United Kingdom. The exchange rates were $1 = […]

116. supply chains Both the IT and traditional supply chains require monitoring. Many business leaders increase their organization’s potential vulnerability to cybercrime by not monitoring both their IT and traditional _____________. AACSB: Reflective Thinking Blooms: Remember Difficulty: 1 Easy Learning […]

Corporate Finance: Core Principles & Apps, 5e (Ross) Chapter 20 International Corporate Finance 1) Up-Town Markets exchanged their floating-rate payments with Downtown Markets’ fixed-rate payments. This exchange is referred to as a A) gilt exchange. B) forward rate. C) cross-rate. […]

87. Governments nationalize private firms in order to A. extract money from the firms when the firms are suspected of concealing profits. B. decrease exports to balance the balance of payments. C. learn about business development experientially. D. punish workers […]

44) Lisa owns 750 of the 7,500 outstanding shares of Maple Industries. Assume the company issues another 750 shares to the general public and Lisa does not purchase any of them. As a result, Lisa A) will automatically be given […]

Topic: Trade Restrictions 47. The primary motivation of tariffs is to A. raise government revenue at the cost of importers. B. raise the price of imports, to protect domestic goods. C. punish countries over political issues. D. encourage foreign consumption. […]

Corporate Finance: Core Principles & Apps, 5e (Ross) Chapter 19 Raising Capital 1) Which one of the following projects is most apt to be financed with venture capital? A) Seasonal merchandise for a major retailer B) New product for an […]

5-1 Module 05 Political Forces That Affect Global Trade Answer Key True / False Questions 1. Only in communist countries do governments own the factors of production. 2. FALSE Many other reasons exist for nationalization, including to extract more money […]

47) Super Mart has sales of $542,300. The cost of goods sold is equal to 59 percent of sales. The beginning accounts receivable balance is $86,534, and the ending accounts receivable balance is $84,209. How long on average does it […]

Blooms: Analyze Difficulty: 2 Medium Learning Objective: 04-01 Describe environmental sustainability and its potential influence on business. Topic: Environmental Sustainability 118. monitoring Monitoring is necessary to fully understand the interdependencies, especially because some of them can be unanticipated. Interdependence requires […]

Corporate Finance: Core Principles & Apps, 5e (Ross) Chapter 18 Short-Term Finance and Planning 1) Which one of the following is a source of cash? A) An increase in inventory B) An increase in fixed assets C) A decrease in […]

88. In Europe, sustainable approaches in business are, compared to such approaches in the U.S.: A. less costly due to reduced tax levels. B. more communal because business is understood as a social activity. C. less developed because business is […]

48) A 1-month $15 call option on BRU stock is priced at $1.45 while the 1-month $20 put option is priced at $3.45. Which one of these is the best estimate of the current price of one share of BRU […]

48. World Bank studies have shown that underdevelopment is often due to: A. factors such as parasites and viruses that are a part of tropical climates and expand unchecked because of the lack of winter temperatures. B. mental slowness in […]