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mid-term test training
mid-term test training
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1
A balance-of-payments statement for a country reveals
a record of the country's financial condition
a comparison between two countries' finances
the spending power available to the country for specific goods
how rich or poor a country is financially
2
What argument regarding the need for protectionism is recognized by economists as valid?
encouragement of capital accumulation
need to keep money at home
conservation of natural resources
industrializacion of a low-wage nation
3
The population of the industrialized world is most accurately described as
mainly consisting of young adults
in decline and rapidly aging
remaining constant
increasing at an umprecedent pace
4
What is considered the most critical difference between domestic marketing and international marketing?
the difference in marketing theories beingfollowed
the environment in which marketing plans must be implemented
the different concepts of marketing
the difference in marketing principles beingfollowed
5
You want to export boots to an EU country. However, there is a complete restriction on the import of leather meaning
a voluntary export restraint
a boycott
a monetary barrier
a quota
6
Marketers must be especially aware of ________ because of the dominantly uncontrollable nature of this factor.
channels of distribution
political/legal forces
research
price
7
________ is an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions.
segmentation
holism
xenocentrism
self-reference criterion
8
In most cultures, the first social institution infants are exposed to outside the home is in the form of a
religious institution
day-care center
government
school
9
With respect to the political risk that can be faced by a company seeking to invest abroad, which action is most severe?
confiscation
domestication
expropiation
local-content laws
10
In order for culture to exist it must be
non of the above
transmitted from one generation to another
agreed upon by an entire nation
individualizaed and different for everyone
11
While unintended, what is an adverse consequence of globalization?
nationalization of private sector holdings
reduced variety of goods and services
lower and more competitive prices
worker exploitation and domestic job losses
12
What is most likely a problem associated with the use of secondary data?
defining the research problem
storage of data
reliability of data
ability to communicate opinions
13
The ____ can be altered in the long run and, usually, in the short run to adjust to changing market conditions.
environmental factors
competitive structure
controllable elements
economic climate
14
In the context of cultural values, the ___ Index refers to the preference for behavior that promotes one's self-interest
individualism/collectivism
uncertainty avoidance
all of the above
power distance
15
The most universal survey research problem in foreign countries is the ________ barrier.
cultural
legal
language
technological
16
When an expropriated investment becomes a government-run entity, it is
socialized
non of the above
nationalized
domesticated
17
The tariff on certain goods is based on the percentage of the determined value of the item being imported is a
quota duty
compond duty
ad valorem duty
specific duty
18
In code-law countries, the ownership of intellectual property is determined by
duration of usage
nature of use
registration
heredity
19
_____ is a nonbinding agreement between parties to resolve disputes by asking a third party to mediate differences
conciliation
arbitration
litigation
prosecution
20
______ is an intense feeling of state pride and unity, an awakening of a country's people to pride in their country.
nationalism
absolutism
polarism
fascism