GEB3373 Exam 1

According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT culture agriculture economy technology

International business is defined as Discussion between parties from more than one country Cooperation between parties from more than one country Negotiation between parties from more than one country Commercial transactions between parties from more than one country

Domestic and international business differ in all of the following ways EXCEPT knowledge and skills needed legal systems profit motivation currencies required

All of the following are strategic imperatives that cause companies to globalize EXCEPT the need to acquire resources desires to seek new markets the need to compete with rivals changes in the political environment

During the Cold War, most international business occurred between The second world and the third world The third world and the first world First-world nations The first world and the second world

According to the latest UNCTAD World Investment report, what cause global FDI values to be inflated in 2016 and 2017? large, one-time M&A deals Brexit and the U.S. presidential election large increases in global GDP and trade a change in accounting methods at the U.N.

All of the following international political changes facilitated globalization EXCEPT The creation of the WTO The expansion of the EU The creation of the GATT The creation of the League of Nations

According to the CAGE Model, if countries share a common currency, ______ distance will be ______. administrative; smaller administrative; bigger economic; smaller economic; bigger

Your boss wants to know which countries' economies are currently growing the fastest and are known for their economic opportunities. It makes the most sense to look at countries in the Big Ten the CIS LDCs the EU

During the Cold War, which of the following would have been classified as a Second World nation? Haiti Japan Soviet Union United States

The world's most globalized countries tend to be small. False True

According to the Chapter 1 lecture, countries topping the Global Talent and Competitiveness Index are less likely to be highly globalized. True False

For developing countries, FDI is largest source of foreign funding (39%), as opposed to foreign aid. True False

According to the Chapter 1 lecture, which of the following is an environmental change that has facilitated globalization? leveraged core competencies improved communication technology competition with industry rivals the breakdown of the global trading system

Measuring by per capita income, the wealthiest country in the Middle East is Israel Saudi Arabia Iraq Dubai

Which of the following is false regarding the Arctic? Diplomatic tactics used in the region could set an example for other maritime conflicts shipping routes may soon be open year-round due to global warming The Middle Powers have been effective in reducing tensions between the US and Russia there China and India have no interest in the region since their countries do not border it

In 2017, India increased production of large bills in order to fight corruption in the economy True False

Because the yen is viewed as a ____ currency, Japan's exports have ___. safe haven; risen risky; fallen safe-haven; fallen risky; risen

FDI in China has increased significantly in recent decades due to low economic growth laws restricting foreign investment laws allowing foreign investment for the first time high economic growth

Which of the following is a risk to the chinese economy

Which of the following can be found in China today

The UK is a member of the EU. This means that the UK

What policies did Latin American countries use after WWII to increase their economic growth

Suppose Country X has a Gini coefficient of 0.1. What does this mean?

Who are Russia's oligarchs

The USSR's economic policies ____ income inequality and ____ living standards increased;raised increased; lowered reduced; lowered reduced; raised

In the US, firms can report lower tax earnings to authorities to reduce taxable income but report higher earnings to shareholders. True False

GAAP procedures are likely to be followed in all of the following countries except UK France US India

Which company was used as a dispute-resolution case study in the chapter 3 lecture Alibaba Facebook Amazon Enron

According to the World Bank's "Doing Business" report, the only high-ranking countries are high-income OECD nations. True False

According to the World Bank's "Doing Business" report, what is the relationship between business regulation and labor market?

Which country is the most business-friendly in the world according to Doing Business report

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

Which type of law controls what a company may do outside of the borders of the company where it is headquartered? antiboycott provision nationalization privatization anti-sanction provision

According to the Transparency International's Corruption Perceptions Index, which region is the least corrupt? Asia Pacific EU/ Western Europe Middle East/North Africa Americas

According to the Transparency International's Corruption Perceptions Index, the average country scores below 50. True False

Which of the following countries has one of the world's highest levels of macropolitical risk? South Korea Chile Denmark Afghanistan

All of the following insure firms against political risk except MIGA OPIC Lloyd's of London IMF

In China, which two legal concepts are currently at odds with one another? intellectual property rights; whistle-blowing rule of law; rule by law keiretsu; chaebol guanxi; bribery

Which of the following would be least likely to help a country improve its technological environment? investment in infrastructure FDI investment in human capital minimum wage increase

Why are intellectual property rights so important to the economic growth of middle-income and rich nations? they incentivize innovation and invention they are required by the WTO's TRIPs agreement without them, FDI is more likely without them, technology transfer is more likely

____ Index measures language diversity. Hofstede's Helms-Burton's Greenberg's Hall's

France is most likely to have a competitive advantage due to language in which of the following countries French Guiana Canada Cote d'Ivoire all of the above

One of the most linguistically diverse countries in the world is India Japan Cuba Australia

According to Hall's Approach, ____ countries tend to be higher context than ____ countries. South European; North European North American; all European North European; South European all European; North American

Which best describes a characteristic of low-context culture in Hall's approach? Nonverbal communication is key interpersonal relations facilitate business relationships communications are fact oriented cultural cues are important to communication

According to Hofstede's findings, cultures tend to be either ____ or ____. passive goal-oriented and long-term oriented; aggressive goal-oriented and short-term oriented power-tolerant and collectivist; power-respecting and individualist aggressive goal-oriented and long-term oriented; passive goal-oriented and short-term oriented power-respecting and collectivist; power-tolerant and individualist

Where are the highest numbers of the world's most culturally diverse countries found? Latin America Sub-Saharan Africa North America Central Europe

How is time valued differently in Anglo-Saxon countries vs. in Latin America?

Continental European countries tend to share religious traditions with ___. their former colonies the US India Most WTO members

Which country listed below is a group-focused society? Japan Germany Ireland Canada

All of the following countries are known to have higher levels of social mobility except Canada US UK Singapore

If relative economic mobility is decreasing, then absolute mobility must be decreasing as well. True False

According to chapter 4 lecture, all of the following are basic elements of culture except communication religion language politics

The world's culture are becoming ____ due to _____. less similar; a smaller array of products available more similar; worse communications technology less similar; a wider array of products available more similar; better communications technology

____ is how people are classified based on birth, occupation, educational achievement, or other attributes. individual mobility social stratification self-reference criterion social structure

The unconscious use of one's own culture to assess new surroundings is known as social orientation cross-cultural literacy self-reference criterion acculturation

If a firm wants a formal, thorough analysis of the effectiveness of its programs designed to improve the environment and provide donations to charitable organizations, it might conduct a corporate social audit survey clients survey employees ask for government assistance

In most ____ countries, the government, businesses, and civil society work together closely to achieve societal goals Asian African Continental European Anglo-Saxon

In the ___ model, the firm considers ___ when making decisions. triple bottom line; only profit maximization shareholder; primary and secondary stakeholders stakeholder; primary and secondary stakeholders CSR; only profit maximization

What is mainly driving the move toward more corporate social responsibility? funding from the UN social media CEO's preference for accountability new laws requiring it

Why have more companies become concerned about corporate social responsibility in recent years?

guanxi is defined as

What is the Russian equivalent of guanxi

Which of the following most likely improves the effectiveness of a code of ethics for an MNE? application by new recruits relevancy to local religions support from higher-ups in the organization explanation through online training

Whistle-blowing is more acceptable in Japanese society than in American society. True False

According to the video "Supply Chain Reaction," what is "the bottom dollar of the supply chain"? Black Friday sales in the US tin mines in Indonesia consumers who buy cell phones coal mines in Appalachia

One of the reasons slave labor remains common in industries such as textiles is that suppliers sometimes outsource production to companies that act unethically consumers prefer buying clothes made with slave labor too many anti-slavery laws have been passed worldwide social media campaigns have brought the issue more publicity

According to the chapter 5 lecture, all of the following products are at high risk of being produced by slavery except fish cocoa textiles stevia

All of the following are laws regulating ethics and social responsibility internationally except the UK Anti Bribery Convention of 2000 UK Anti Bribery Act of 2010 US Alien Tort Claims Act of 1789 US Foreign Corrupt Practices Act of 1977

The Alien Tort Claims Act of 1789 allows companies to be sued for human rights violations committed by foreign governments True False

According to the Chapter 5 lecture, which African country recently implemented new laws designed to protect whistle-blowers? Kenya Namibia Nigeria South Africa