Sample_Investments

Jump to Navigation Frame   Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 1 Title: Chapter 1 Started: January 24, 2012 12:00 PM Submitted: January 24, 2012 12:15 PM Time spent: 00:15:08 T  Total score adjusted by 0.0  Maximum possible score: 15 1.   One of the trade advantages of a regional arrangement such as the European Union (EU) is that:   Student Response Correct Answer  A. The EU is part of the World Trade Organization (WTO).   B. The EU countries have less access to other countries within the EU.   C. The EU countries can only trade with other members of the EU.   D. The EU countries have more access to other countries within the EU.      2.   A multinational enterprise (MNE) can be defined as:   Student Response Correct Answer  A. A small and medium sized enterprise.   B. A company that only has transnational operations.   C. A company that serves a unified world market.   D. A firm that carries out activities in more than one country at a time.      3.   What is globalization'   Student Response Correct Answer A. The world-wide expansion of international finance and money.    B. The increasing interconnection of the world at an economic, political and social level    C. The increasing similarity of cultural styles throughout the globe.   D. The increasing political and economic integration of the world.     4.   Barriers to market entry in international business have largely been reduced as a result of:   Student Response Correct Answer A. The increased regulation of international business.   B. The modern trend towards deregulation (or liberalization).     C. The modern trend towards domestic regulation of business.   D. The increased costs of government and international regulation.     5.   The advantage for Japan of trading with Australia is that:   Student Response Correct Answer  A. Japan gains access to raw materials and minerals for its factories.    B. Japan is able to sell its raw materials to Australian companies.   C. Japan benefits from Australian managerial expertise.   D. Japan is able to use its trading and shipping fleet to the maximum.     6.   What are the main advantages for a company that conducts some of its activities 'offshore''   Student Response Correct Answer  A. The company can reduce costs and avoid some controls (taxes and regulations) by national governments.    B. The company benefits from operating on islands rather than the mainland of a country.   C. The company can choose to put all its production activities outside its own country.   D. The company can choose to put all its finance activities outside its own country.     7.   What does modern international business consist of'   Student Response Correct Answer A. International trade.   B. The international exchange of products.    C. The international exchange of physical goods, services, capital, technology and human resources.    D. International finance and capital movements.     8.   Exports from Western Europe and North America have fallen in relative terms to those from Asia, largely as a result of:   Student Response Correct Answer  A. The growing role of Asia as the world's manufacturing centre.    B. The rise in commodity prices.   C. The complete collapse of manufacturing in Western Europe and North America.   D. The economic and financial crisis of 2008-09.     9.   Why do international companies decide to diversify risk'   Student Response Correct Answer  A. Risk diversification is a strategy that helps to avoid over-dependence on a single location or market.    B. Risk diversification is required by international regulations.   C. Risk diversification is required by governmental laws and regulations.   D. Risk diversification helps companies to maximize their operations in a particular country or market.     10.   Ryanair, the budget airline, selected London's third airport at Stansted as a key hub for its operations because:   Student Response Correct Answer A. It was refused access to Dublin airport.   B. Stansted airport is owned by Ryanair.   C. Stansted is closer to Ireland than any other UK airport.    D. One of its major activities was flying passengers between Ireland and the UK.      11.   What was the main strategic manufacturing mistake made by the Big 3 American car makers in the 1980s'   Student Response Correct Answer A. Concentrating on investing in making vehicles in the light truck category.    B. Lobbying Congress in Washington to exclude Japanese competition.    C. Focussing on their domestic market.   D. Redesigning their product ranges with an emphasis on more fuel-efficient vehicles.     12.   The world's Less Developed Countries (LDCs) can be defined as:   Student Response Correct Answer A. Affluent and industrialized.    B. Being in the process of becoming more industrialized and more socially and economically developed.    C. Countries that are all located in Africa and Asia.   D. Countries that consist entirely of poor people and have no industrial base.     13.   Why do MNEs engage in the process of internalization'   Student Response Correct Answer  A. MNEs find it more comfortable to operate only within their own headquarters and home country factories.   B. MNEs choose to retain their own in-house knowledge often when markets function poorly.    C. MNEs choose to delegate many of their functions to an external party.   D. MNEs select a strategy that allows all activities to take place within host countries.     14.   What are a company's upstream activities'   Student Response Correct Answer  A. The activities of a company that take place throughout its value chain.   B. The activities of a company that is engaged in river and maritime operations.   C. The activities that take place early in the company's value chain.    D. The activities of a company when it interfaces with its customers.     15.   In international trade and business, what is meant by a country's current account'   Student Response Correct Answer A. The amount of money that a country has in its central bank.   B. The financial flows that a country gets from abroad.   C. The balance of exports minus imports.   D. The current account is the balance of trade: exports minus imports, plus or minus its financial flows from abroad.       Jump to Navigation Frame   Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 1 Title: Chapter 2 Started: February 14, 2012 7:51 PM Submitted: February 14, 2012 8:13 PM Time spent: 00:22:31 Total score: 10/15 = 66.6667%  Total score adjusted by 0.0  Maximum possible score: 15 1.   Luddism can be described as:   Student Response Correct Answer  A. Resistance to technological innovation and change.    B. Acceptance of technological innovation and change.   C. Indifference to technological innovation and change.   D. A general business term for technology.     2.   What does Hofstede think are the key characteristics of people from societies that are risk averse (or are most inclined to avoid uncertainty)'   Student Response Correct Answer  A. Belief in absolute truth, strict rules and laws; more emotional and motivated by nervous energy.    B. More inclined to work co-operatively; more receptive to outward status symbols.   C. More likely to take business risks; assertive, tough and focussed.   D. Tolerant of different opinions; more contemplative and phlegmatic.     3.   Why is the study of demography important for our understanding of national cultures'   Student Response Correct Answer A. Because it reveals information about the oceans, seas and rivers of the world.   B. Because it reveals information about the weather and climate of the world.   C. Because it reveals information about the economic and political systems of the world.    D. Because it reveals information about the populations of the world, including their size, structure and distribution.      4.   Stereotypical views of people from around the world can be described as:   Student Response Correct Answer A. Very accurate and always useful for understanding other people.    B. Only general, average and occasionally useful.    C. Usually accurate only for European people.   D. Usually useful only for understanding Asian people.     5.   What sort of economic system is least likely to restrict the business operations of international companies'   Student Response Correct Answer A. An Interventionist system.   B. A Laissez-faire system     C. A Theocratic system.   D. A Command system.     6.   The welfare and prospects of older, economically inactive people will become increasingly dependent due to:   Student Response Correct Answer A. A growing entry of women into the workforce.    B. A growing expectation that they will live and work longer.   C. A falling, or slowly growing, population of working age.    D. A low or falling rate of fertility among the global population.     7.   When making a business deal, communications in high context cultures are characterized by being:   Student Response Correct Answer  A. Clear and direct.   B. Subtle and indirect.    C. Direct and specific.   D. Indirect and hostile.     8.   As far as the dimension of sequential - synchronous time is concerned, men are thought to be more sequential than women. As a result, who is believed to be able to multi-task better'   Student Response Correct Answer A. Men are better than women.    B. Men and women are the same.   C. Women are better than men.    D. It depends on age, as well as gender; older men are better at multi-tasking than young women.     9.   The relevance of Maslow's hierarchy of needs for understanding international business is:   Student Response Correct Answer A. Non-existent, irrelevant and useless.   B. Useful only for understanding the lower levels of employees.   C. Useful only for understanding the higher levels of employees.    D. Directly applicable to today's challenges and opportunities for employers and organizations.      10.   Why has English spread around the world so that it is now regarded as the language of business and as the most commonly learnt and spoken second language'   Student Response Correct Answer A. It is the language of William Shakespeare, Charles Dickens and Mark Twain.    B. It spread through the processes of Anglicization and Americanization over the last couple of centuries.    C. It spread through the activities of Christian missionaries.   D. It spread through the military expansion of the British empire in the 17-19th centuries and the USA in the 20th century.     11.   What is the main feature of French team work that is pointed out by the British woman working for the French company, Ondeo'   Student Response Correct Answer A. French people work better in teams than British people.   B. French people hate working in teams.    C. French people share their knowledge and skills with other team members.   D. French people work individually within a team set-up.      12.   As a cultural factor in the conduct of international business, is the role of religion complex or simple'   Student Response Correct Answer A. It is simple.   B. It is neither.    C. It is complex.    D. It is both.     13.   National cultures that are most communitarian are likely to exist in the following countries or regions:   Student Response Correct Answer A. The U.K. and France.   B. Eastern European countries.   C. North America and Scandinavia.    D. China, Japan and Arab countries.      14.   Food courts can be described as an expression of the globalization of national tastes because:   Student Response Correct Answer  A. They offer a variety of worldwide food and drink, ranging from pizzas to noodles.    B. They only offer one national style of food and drink.   C. They have been taken over by major globalized companies and do not offer any local products.   D. They are only located in major international airports.     15.   What are the key explicit manifestations of culture'   Student Response Correct Answer A. Norms, values and beliefs.   B. Only music and art.    C. Products, artefacts, food, language, shrines, markets, houses, monuments, art and so on.    D. Physical manifestations such as shrines, houses and monuments.      Jump to Navigation Frame   Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 1 Title: Chapter 4 Started: February 7, 2012 7:06 PM Submitted: February 7, 2012 7:20 PM Time spent: 00:14:17 Total score: 10/15 = 66.6667%  Total score adjusted by 0.0  Maximum possible score: 15 1.   One of the key drivers in international business is the first 'mover advantage.' What is its main feature'   Student Response Correct Answer  A. The benefit of being the first company to move into a market segment in a certain location.    B. The benefit of being able to move quickly from one market to another.   C. The benefit of being able to move from one location to another.   D. The benefit of being able to move from more developed to less developed countries.     2.   The correct sequence of the phases of Vernon's Product Life Cycle (PLC) are:   Student Response Correct Answer A. Introduction, Maturity, Decline, Growth.   B. Growth, Introduction, Decline, Maturity.   C. Decline, Maturity, Growth, Introduction.    D. Introduction, Growth, Maturity, Decline.      3.   The four main factors connected to the factor endowments theory of international trade are:   Student Response Correct Answer A. Land, climate, raw materials and geography.   B. Climate, land, labour and geography.   C. Land, labour, capital and natural resources.     D. Raw materials, labour, currencies and exports.     4.   What is the law of diminishing returns'   Student Response Correct Answer A. Companies operating in closed capitalist systems will suffer from falling profit rates.     B. Companies operate at diminishing volumes over time.   C. Companies are unlikely to return to markets where their sales have dropped.   D. Companies will never suffer from lack of returns.     5.   Mexico's willingness to sign the North American Free Trade Agreement (NAFTA) was partially motivated by:   Student Response Correct Answer  A. The belief that open borders are beneficial because foreign competition forces domestic producers to become more efficient.    B. Political pressure from Canada and the USA.   C. The belief that Mexican producers were more efficient than foreign producers, especially American and Canadian companies.   D. The belief that Mexican producers would force other countries to become more efficient.     6.   What is the 'infant industry' argument'   Student Response Correct Answer A. That all industries related to manufacturing products for infants and children should be protected.    B. That a government is justified in protecting any important new industry from foreign competition.    C. That a government is justified in protecting any small industry.   D. That any industry of strategic importance should be protected by the government.     7.   The neo-liberalist view of international political economy is categorized as:   Student Response Correct Answer A. The belief that governments should always intervene in the running of the economy.   B. The opposite of laissez-faire.    C. The belief in a minimal interference of government in the economy.    D. The belief that only professional economists should be involved in the political direction of the economy.     8.   Three of the main exponents of welfare economics are:   Student Response Correct Answer  A. Krugman, Bhagwati and Sen.    B. Porter, Heckscher and Ohlin.   C. Vernon, Dunning and Markusen.   D. Sen, Vernon and Ohlin.     9.   Like South Korea, the stages of development for many industrializing countries have followed a specific sequence of policies. The correct sequence of the normal stages of development is:   Student Response Correct Answer  A. Trade liberalization, strategic export promotion and import substitution.   B. Import substitution, strategic export promotion and trade liberalization.    C. Strategic export promotion, trade liberalization and import substitution.   D. Trade liberalization, import substitution, and strategic export promotion.     10.   Adam Smith is regarded as the 'father of classical economics' and his most famous book about international trade, business and commerce was written in 1776. The commonly accepted title of the book is:   Student Response Correct Answer A. The Commonwealth of Nations.   B. Trade and National Wealth.    C. The Wealth of Nations.    D. National Wealth and Trade.     11.   One of the earliest international trade theories is mercantilism. Its main features are:   Student Response Correct Answer  A. That trade is a win-lose proposition, that the goal is to have higher exports than imports, and that currency accumulation should be maximized.    B. That trade is a win-win proposition and that a nation's trade balance should have more imports than exports.   C. That trade is a win-lose proposition and that all countries should be suspicious of merchants.   D. That international trade is essential so that all countries can run a trade deficit, rather than a trade balance.     12.   A long-term trend in the process of globalization is the:   Student Response Correct Answer  A. Greater ability of states to influence international business.   B. Greater ability of international organizations to influence international business.   C. Greater ability of non-governmental organizations to influence international business.   D. Greater ability of private companies and individuals to influence international business.      13.   Some economists, such as Ricardo and Marx, thought that certain social classes were more dynamic than others. The more dynamic ones are:   Student Response Correct Answer A. Landowners.    B. Industrialists and workers.    C. Farmers and aristocrats.   D. Landowners and farmers.     14.   What is a business cycle'   Student Response Correct Answer A. A company that makes motorcycles.    B. A period during which an economy fluctuates between boom and bust.    C. A business trend which means that the economy declines in a vicious cycle.   D. A business trend which means that the economy improves in a virtuous cycle.     15.   In the 1930s the British system of Imperial Preferences and the American Smoot-Hawley Tariff Act tried to:   Student Response Correct Answer A. Protect domestic producers from international competition.     B. Protect domestic consumers from international competition.   C. Protect international companies from tariffs.   D. Protect international producers from each other.