EXAM 1 GEB3373

Which of the following was created after World War II to reverse restrictions on international trade and investment that had occurred after World War I and during WW II?

According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT

The worldwide economic, social, technological, cultural, and political integration among individuals, groups of people, companies, and nations

All of the following have aided in the expansion of globalization EXCEPT

During the Cold War, most international business occurred between

All of the following are strategic imperatives that cause companies to globalize EXCEPT

The majority of FDI comes from ______; the majority of FDI goes to _____.

All of the following international political changes facilitated globalization EXCEPT

According to BP's latest Energy Outlook, global energy growth is being driven mainly by what countries

Suppose French car company Peugeot Citroën buys a production facility in South Korea previously owned by South Korean car manufacturer Hyundai. This is an example of

Which of the following characteristics do the MOST globalized countries in the world share?

____ citizens spend the most on tourism worldwide, while ____ earns the most from tourism.

According to the Chapter 1 lecture, which of the following is an environmental change that has facilitated globalization?

T/F: As long as you do NOT have a full-time job, you will be counted as unemployed by the U.S. government Bureau of Labor Statistics.

According to BP's latest Energy Outlook, which three fuels are expected to fill most of the world's demand for energy over the next 20 years?

Globally, a(n) _____ in trade costs would _____ manufacturing trade significantly.

The global _____ (class type) is currently expanding at the fastest rate in history

All of the following are acronyms that represent groups of emerging markets EXCEPT

LDC

BRICS

OECD

MINT

CIVETS

Countries with significant oil production include

The US is very ______. As a result, it is a ______.

What policies did Latin American countries use after World War II to increase their economic growth?

Africa is ____ in natural wealth but has had difficulty in _____.

Which nation is currently rapidly expanding investment in Africa?

What describes the 19 members of the European Union that have adopted the euro as their national currency?

What has hindered growth in India?

National income levels can provide clues about all of the following characteristics of a country EXCEPT

India is the world's _____ populous nation.

All of the following are generally considered high-income nations EXCEPT

Which of the following countries is attempting to gain access to resources and trade routes in the Arctic, even though it doesn't border the ocean?

The economy of sub-Saharan Africa depends largely on all of the following

T/F: By 2020, the U.S. will be exporting more services than goods.

Which of the following can be found in China today?

T/F: China's FDI inflows have increased sharply in the last few years.

Suppose you have a list of countries ranked by income. In what group of countries are you likely to find the most potential for high growth?

After World War II, Latin American countries used all of the following EXCEPT _______ to spur economic growth.

Though initially praised for reforms such as privatization and deregulation, Russian President _____ has been criticized because he later _____.

The United Kingdom is a member of the European Union. (Although the "leaves" won the Brexit vote, the UK has not yet officially left the EU.) This means that the UK

Your friend Albert has told you that he is moving to the Eurozone. He could be moving to any of the following countries EXCEPT

______ risk occurs when a firm's property is threatened through expropriation or confiscation.

What is the purpose of MIGA?

Which U.S. law was passed to deal with accounting scandals that occurred in the early 2000s?

In China, there is about a _____ percent chance that IP laws will be enforced properly.

Which agreement sets minimum standards that all members must meet regarding the protection of intellectual property rights?

Which of the following countries has one of the world's highest levels of macropolitical risk?

_______ occurs when one jurisdiction will apply the laws of a second jurisdiction so long as the laws don't violate the first jurisdiction's laws.

All of the following insure firms against political risk EXCEPT

After its assets are seized in Venezuela, ABC Steel Corp. wants to sue the Venezuelan government in U.S. courts. Is this possible?

According to the Chapter 3 lecture, all of the following are positive effects that a multinational corporation may have in a host country EXCEPT

All of the following government policies are designed to affect international business directly EXCEPT

Why are intellectual property rights so important to the economic growth of middle-income and rich nations?

T/F: According to Transparency International's Corruption Perceptions Index, the average country scores below 50.

When dealing with intellectual property (IP) protection in China, it is crucial to remember that

What kind of legal system is found in Saudi Arabia?

Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese government authorities make and impose arbitrary rules and regulations on the facility's operations very frequently. This kind of legal unpredictability is indicative of the fact that China's legal system is based on _____ law.

What is a good way to determine how innovative a company is?

When terrorists attacked Westgate Mall in Nairobi, Kenya, in September 2013, this was an example of _____ risk.

Given what you know about the current situation in Germany, where would you expect to find the country ranked on the World Justice Project's Rule of Law Index?

GAAP accounting procedures are likely to be followed in all of the following countries EXCEPT

According to the Chapter 4 text, all of the following are basic elements of culture EXCEPT

Which country listed below is a group-focused society?

All of the following are in the Latin European cultural cluster EXCEPT

In a(n) ________-oriented society, the good of the group comes first, and there are well-defined social networks.

According to Hall's Approach, which of the following is considered a high-context culture?

T/F: In considering Hofstede's Six Dimensions of Culture, neither extreme should be considered "good" or "bad."

You are making a business deal, and your counterparts speak very frankly and rely heavily on contracts and lawyers to complete the transaction. Your counterparts are most likely from

T/F: Individualism tends to be promoted more in the United States compared with Japan, where the group is seen as more important.

T/F: An individualist society is more likely to be power respecting.

Which country has a more collectivist and high-context culture?

According to a graph presented during the Chapter 4 lecture, countries that are power tolerant also tend to be more

It is important to consider holidays in different markets a business may serve because

Walter is negotiating a deal on behalf of his firm with a Saudi Arabian company. When the agreement is finalized, Walter smiles widely and gives his Saudi counterparts an enthusiastic thumbs-up. They are greatly offended, the deal is called off, and Walter is fired. What happened?

All of the following countries are known to have higher levels of social mobility EXCEPT

In the last generation, the Smith family's wealth has decreased by $20,000. At the same time, the Smith family has moved from the lowest quartile of the income distribution to a middle quartile. This reflects

T/F: If relative economic mobility is decreasing, then absolute economic mobility must be decreasing as well.

You are working with different companies as you build your organization and would like to offer gifts for the help you have received from others. Which of the following countries would be less likely to see gifts as a conflict of interest?

One of the most linguistically diverse countries in the world is

Nissan CEO Carlos Ghosn's interactions with his employees worldwide demonstrated that his Latin European and Latin American employees were more _____, while his Japanese employees were more ________.

You have traveled abroad with your boss. During a meeting, your counterparts offer you a drink, and your boss says, "No, thank you." You notice that your counterparts are very offended by that statement, and the rest of the meeting does not go well. You have most likely traveled to

T/F: Ethics do not vary across time or location.

If you have "good guanxi" with a Chinese businessperson, this means that

T/F: The Alien Tort Claims Act of 1789 allows companies to be sued for human rights violations committed by foreign governments.

What is an example of a type of company that is designed to fulfill the "Triple Bottom Line"?

What concept in Chinese business culture is based on reciprocal exchanges of favors?

The _____ prohibits American firms and their employees from bribing foreign government officials to gain or retain business.

The textile industry has faced serious ethical issues recently due to the ____ in _____.

In the ______ approach to corporate social responsibility, there is close cooperation between the government and businesses.

According to the Chapter 5 lecture, in what industry can modern-day slavery be found?

Company X uses machinery in its factories that meets the minimum pollution-mitigation requirements mandated by law. More environmentally friendly equipment is available, but company officials have deemed it too expensive. Company X is exhibiting a(n) ________ approach to corporate social responsibility.

Which U.S. law bans American firms, their employees, and agents acting on their behalf from paying or offering to pay bribes to any foreign government official in order to influence the official actions or policies of that individual to gain or retain business?

T/F: Whistle-blowing is more acceptable in Japanese society than in American society.

Jack always likes to place orders with Sam's Supply Company because the company sends him a gift certificate for $100 each holiday season. This is an example of which ethical issue?

The concept of guanxi, defined as ______, is important in _____ business culture.

When examining approaches to social responsibility, which stance is considered MOST responsible?

According to Sean Keenihan, president of the Australian-China Business Council in South Africa _____ is _____ important for doing business in China today.

Which major EU member recently (within the last decade) passed a law making it illegal for companies to fail to prevent bribery or to engage in corruption anywhere in the world?

Which of the following companies has/have exhibited obstructionist behavior with regard to social responsibility?

The risk of slavery in the EU has recently increased due to

One of the reasons slave labor remains common in industries such as textiles is that