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