Corporate Social Responsibility

What does Globalization refer to?

The gradual integration and growing interdependence ofnational economies.

What is an example of globalization

Adidas spreading throughout the world

The absolute advantage form of competitive advantage means

a country can produce something better or more cheaply than another country

What is a born global firm?

A company that initiates international business activity early in its life

What is Culture in general?

Culture captures how members of society live how we feed, clothe, shelter

What's the best definition of "Mercantilism"?

An economic system controlling merchants for the benefit of the state.

Which of the following are sources of cross-cultural problems?

Making language errors and mis-communication with international peers

A set of countries ready to be economically competitive

Which of the following currencies are considered as strong

The US Dollar, the European Euro and the Japanese Yen

What is Foreign Direct Investment?

A strategy in which the firm establishes a physical presence abroad

Currency Fluctuations are...

The change in value of a currency against other currencies

Which is one of the reasons firms internationalize?

Seek opportunities for growth through market diversification.

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IB2006 Test 3 + IB 2006 Test 2 + IB2006 Test 1

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Questions 28

Answers

1
Religion has no influence on international business.
True
False
2
Comparative advantage refers to the ability of a business or country to produce a good at a lower opportunity cost
True
False
3
CSR refers to...
None of the above
Corporate Systemic Referencing
Corporate Social Responsibility
Corporate Social Relations
4
The European Union is an example of...
Economic growth through collaboration
Relationships to promote Democracy
Regional Economic Integration
Collaboration to avoid conflicts and war
5
Protecting local jobs and national employment is an offensive reason to support protectionism
False
True
6
What does Globalization refer to?
The development of Global products and services
The gradual integration and growing interdependence ofnational economies.
The historical evolution of political institutions
None of the above
7
What is an example of globalization
Adidas spreading throughout the world
A local donut business investing in new technologies
The Failure of ENRON
The local farmers market selling in the domestic markets
8
The absolute advantage form of competitive advantage means
that a country does not belong to any free trade agreements.
that a country is the sole supplier of a product or service.
a country can produce something better or more cheaply than another country
a country can produce some products better or more cheaply than others
9
What is a born global firm?
A company in offices aroudn the world
A company which is multinational at least 10 years after its foundation
A company that initiates international business activity early in its life
A company the sells goods in more than 1 country
10
Choose an example that shows what Country Risk is
A country that is part of a prospective War zone
All of the above
An interventionist govetnment that protects local companies
An unstable government that may end up in a national crisis
11
Which is an economic reason for government intervention in international trade?
Protecting consumers
Retaliating
Protecting Human Rights
Protecting Jobs
12
Developed country stock markets include...
Mexico
Japan
Greece
China
13
Is Religion part of the cultural context?
True
False
14
Which of the following is part of cross-cultural competences?
Avoiding cultural bias
Being a great leader
Understand the business regulations
Effective use of computer technology
15
All of the following are reasons a business might choose to 'GO GLOBAL' EXCEPT...
Increase prodution costs
Generate more profits
Domestic markets are saturated with competition
Offer a unique product or have technological advantage
16
What is Culture in general?
Culture captures how members of society live how we feed, clothe, shelter
Culture is how people learn different languages
Culture is defined as the overall ideological standpoints of people
Culture is made of what people study and learn
17
Hofstede's framework consists of ..
7 dimensions
5 dimensions
4 dimensions
6 dimensions
18
Dimensions of country risk prevalent in international business include
all of these
government intervention
barriers to trade and investment
protectionism
19
Who is the theorist who analysed cultural differences?
Henry Mintzberg
Thomas Man
Geert Hofstede
Peter Drucker
20
Globalization compels firms to organize their sourcing, manufacturing, marketing, and other activities on a global scale
True
False
21
What's the best definition of "Mercantilism"?
An economic system of simple barter in basic commodities between merchants.
An economic system that equally distributed the profits of merchant trade.
An economic system where governments promote free trade between merchants.
An economic system controlling merchants for the benefit of the state.
22
Which of the following are sources of cross-cultural problems?
Delivering losses and not making profits
Making language errors and mis-communication with international peers
Killing innovative ideas
Missing deadlines and using the wrong template in reports
23
What are BRICS?
least developed countries
A set of countries ready to be economically competitive
a set of countries receiving services from the IMF
a weight gaining industry
24
Which of the following currencies are considered as strong
The British Pound, the Japanese Yen and the Mexican Peso
The US Dollar, the European Euro and the Japanese Yen
The Indian Rupee, the Canadian Dollar and the Swiss Franc
The US Dollar, the Pakistano Rupee and the British Pound
25
Born Global Firms are companies that are against participation in international business
False
True
26
What is Foreign Direct Investment?
A strategy in which the firm establishes a physical presence abroad
Investment in Direct Goods
A business plan to sell products abroad
A strategy to develop an office in another country
27
Currency Fluctuations are...
The change in value of a currency against other currencies
Goods are lossed or damaged whilst in transit
Not receiving payments for goods and services supplied
None of the above
28
Which is one of the reasons firms internationalize?
Explore new spiritual ideas around the world
Develop a better understanding of global markets
Improve their financial statements
Seek opportunities for growth through market diversification.

IB2006 Test 3 + IB 2006 Test 2 + IB2006 Test 1 Flashcards | StudBud