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International Management Mid-Term Flashcards | StudBud
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International Management Mid-Term
International Management Mid-Term
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Chapters 1-6
Flashcards
45 cards
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Practice quiz
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Questions
45
Answers
1
There have been many tools/resources developed to assist in the effectiveness of international business plans; one is:
PDS
SWOT
None of these
Survey Monkey
2
A market that has some characteristics of a developed market but isn't fully matured is considered:
A weak economy
Emerging Market
None of these
Socialism
3
International Business can mean large multinational firms or a small one-person importer/exporter.
True
False
4
Local market resources and capabilities, local market demand conditions, local suppliers & characteristics are part of:
Factor Proportions
Absolute Advatange
Trade theory
Porter's National Competitive Advantage Theory
5
In class, we spoke about different types of governance when it comes to International Business. Those levels are:
NAFTA & Kyoto Protocol
All of these
Treaties between countries
Embassies/consulates in foreign countries
6
What conflict exists when creating new regulations in controlling international trade?
developed vs. underdeveloped regions
right of the individual vs. role of the government
North Korea vs. South Korea
political vs. anti-government movements
7
What company dealt with a backlash about it's business deal with China and the request for censorship?
NY Times
Yahoo
US Postal Service
Google
8
In the metaphor, culture is like an iceberg, what parts of culture are at the surface?
concepts of fairness and justice
cooperation vs. competition
food, flags, festivals, performances, dances, games, language, etc.
tone of voice
9
The shift toward a more interdependent and integrated global economy desribes:
Globalization
None of these
Global politics
International affairs
10
Which of the following is considered an emerging market:
India
Norway
Germany
USA
11
What is the difference between capitalism and planned economies?
access to education levels
regulations
poverty vs. lack of poverty
privately owned production vs. state directed economies
12
What is a tariff?
Taxes imposed on imports
Trade mechanism
Payment
None of these
13
Different political systems, the governing rules, regulations, institutions and attitudes can all impact trade.
False
True
14
Why is it important to understand the 'global consumer'?
To keep shipping costs down
To take advantage of labor costs
To understand what commonalities/preferences people have around the world
All of these
15
What are two examples of developed economies?
Philippines and China
Philippines & Japan
Germany and Japan
Thailand and Germany
16
What is mercantilism?
A random collection of coins
a country's wealth is determined by the amount of gold and silver holdings
Gold trade
Silk trade
17
What is the definition of International Business?
Globalization
Free and fair trade
Google
Any situation where the production/ distribution of goods crosses borders
18
What is a 'location advantage'?
Living near urban centers
Doing business in developed countries
Better access to raw materials, less costly labor, key suppliers, etc.
Doing business located near fresh water sources
19
What is the globalization debate?
How much companies should be charged to import American goods
None of these
Weather or not internationalization is a positive thing
The rise of social media
20
How do you define a 'foreign direct investment'?
A firm investing directly into a foreign country's economy
Sending free capital to another country
Tariffs
Fine paid to another country's government
21
What are Angola's two biggest natural resources:
Oil and gold
Diamonds and petroleum
bananas
coffee
22
What is number 1 of the United Nations Sustainable Development Goals?
Gender Equality
Reduced inequalities
Climate Action
No poverty
23
There are ________ major types of government practiced across the globe.
5
10
16
13
24
Emerging markets are known to start off manufacturing:
Clothing
Weapons
Machinery
Cheaper, daily use-items
25
International Business can be complex and can require different organizations to adapt to:
Different communication, cultural, regional and legal considerations.
Governing bodies
Tax systems and infrastructure
All of these
26
What factors show and contribute to a person's culture?
rituals and laws
all of these
manners
language
27
What is the most common type of government supporting international enterprise?
Democracy
Socialist
Monarchy
Dictatorship
28
What is a stakeholder?
Citizens of a given country
Individual or organization whose interests may be impacted
None of these
Witnesses
29
These countries are the top 3 in HDI Rankings
Ireland, Liechtenstein, Netherlands
Norway, Australia & New Zealand
New Zealand, USA, Ireland
Canada, Sweden, Germany
30
Trade is the concept of exchanging goods and services between two people or entities.
True
False
31
An example of a company with a social & environmental mission is:
TOMS Shoes
All of these
BP
Taco Bell
32
What is the Gross Domestic Product (GDP)?
Value of all the goods and services produced by a country per year
The money spent on military
The money spent on social services
It's top 10% richest citizens
33
When evaluating the landscape to start/expand across international borders, one should consider:
The strength of the laws around taxes, business regulations, etc.
All of these
Government stability
How involved is the government in the private sector
34
The theory that adjusts the exchange rate between countries to ensure a good is purchased for the same price/currency is
Federal Reserve Theory
International Trade Theory
Net Calculator
Purchasing Power Parity
35
Why is a country's stage of development critical to determining whether a business can survive there?
There are tax breaks for starting business in the developing world
You will have less competitors in the developed countries.
It will give you a 100% success rate
It will help determine what infrastructure and systems are in place
36
What is the difference between race and ethnicity?
All of these
Race is visual and ethnicity is not
Race is a larger grouping of people and ethnicity is a regional grouping
Race refers to biological factors and ethnicity refers to social factors
37
The Absolute Advantage is:
Only practiced in the developing world
Not practiced today
Focused on a nations ability to produce a good more efficiently than other
None of these
38
Entrepreneurship recognizes opportunities to address ______________________ to implement innovative ideas.
Needs & wants
All of the above
Problems
Challenges
39
It is said we live in a 'Globalization 3.0' stage now, which means?
All majors in college will be technology focused
Young people are leaving urban areas
Major tech. advances = unprecedented # of people worldwide to work together
People are distracted by technology
40
Which of the following are classical country-based trade theories?
Comparative Advantage
Mercantilism
All of these
Absolute Advantage
41
With the rise of international business it means a decrease of regulatory functions.
True
False
42
The international monetary system began with:
tariffs
simple bartering
none of these
trade routes
43
Some of the common legal systems seen around the world are:
All of these.
Common law
Religious law
Civil law
44
The Human Development Index is:
Measures life expectancy, access to education & livable standard of income
Measures heartbeats
Measures life span
High level of income
45
The lowest ranking country in the HDI Rankings is:
Burundi
Liechtenstein
Niger
Central African Republic
