GEB3373 Pop Quiz (Exam 3)

What is the most likely result of a new continent-wide free-trade agreement in Africa?

To which African economic organization does South Africa belong?

All of the following are, or soon will be, trading blocs in the Asia-Pacific region EXCEPT

Which region of involved countries is likely to benefit most from the free trade provided by the Trans-Pacific Partnership?

Before the U.S. pulled out of the agreement, which country has notably been left out of the Trans-Pacific Partnership?

Once the euro was created, participating members increased control over their own domestic money supplies and, sometimes, fiscal policy.

Which governing institution is the EU's most powerful decision-making body?

What agreement established the European Economic Community?

Which treaty laid the foundation for the creation of the euro by establishing "convergence criteria" for Eurozone membership?

Which WTO member has been involved in the most disputes in the last 20 years?

What countries were granted the most-favored-nation status under the GATT?

During the Clinton administration, the "most-favored-nation" principle was changed to ______.

The GATT was replaced by the ________

All of the following are advantages of economic integration EXCEPT

All of the following are disadvantages of economic integration EXCEPT

In a(n) ________ members eliminate internal trade barriers, adopt a common external policy toward nonmembers, eliminate barriers to the movement of the factors of production, and coordinate economic policies.

The Pacific Alliance includes all of the following members EXCEPT

Which two countries are the core members of MERCOSUR?

Under NAFTA, the U.S. has increased both agricultural imports and exports from and to Mexico.

NAFTA has achieved all of the following EXCEPT

Which African economic initiative includes 16 West African members that promote regional economic cooperation?

All of the following are African free-trade agreements EXCEPT

All of the following are Asia-Pacific Trade Blocs EXCEPT

The TPP would provide Chile, Mexico, and Peru with relatively marginal gains in trade because these countries

The _______ shapes the EU's political priorities and policy agendas.

In addition to the EU, all of the following are trading blocs in Europe EXCEPT

________ advantages are advantages that make it desirable for a firm to produce a good/service itself rather than contract out to another firm to produce it.

A Canadian company is examining the relative wages, land-acquisition costs, and access to R&D facilities before deciding to enter a new foreign market. This means that _____ is/are particularly important to the company's choice of a mode of entry.

If a business has an internalization advantage, it is more likely to

Jim is an international intermediary who is paid by commission to solicit domestic orders for foreign manufacturers. He is acting as a(n) ____________.

When Cessna buys engines from GE to use in manufacturing airplanes and then exports the completed aircraft to China, ______ has occurred.

When British Petroleum ships crude oil from its storage facilities in Kuwait to its Australian subsidiary, ________ has occurred.

Suppose Feathr, a Gainesville-based digital marketing company, enters the Chinese market by buying a controlling interest in Chinese company MarketMeChina. What is the most likely disadvantage Feathr will face as a result of this acquisition?

Suppose Tesla, a U.S. car manufacturer, buys a production facility in Vietnam. Which term best describes Tesla's activities?

Which of the following is/are characteristic/s of international franchises?

Carmichael Candies, a U.S. firm, is considering the idea of entering the EU market through an international franchising agreement. What is the MAIN advantage to Carmichael if the firm chooses this entry method?

Flying Biscuit Café, an American restaurant, wants to enter the Latin American market through an international franchising agreement. All of the following are advantages to Flying Biscuit of using this mode of entry EXCEPT

Suppose that Company X's patented technology has been successful in the United States. Company X wants to enter the German market without significant commitment of financial and managerial resources. Along with reduced costs and risks, Company X wants to receive a fee for the use of its technology. Based on this information, Company X should entry Germany via:

The Nintendo Company manufactures electronic video consoles and game cartridges. Nintendo provides game-design firms with technical specifications for how Nintendo consoles function. The game-design firms create the games and then pay Nintendo a fee to manufacture those games. What mode of entry is described in this example?

Which mode of market entry is NOT recommended in countries with weak intellectual property laws and/or lax enforcement of those laws?

All of the following are steps in assessing alternative foreign markets EXCEPT

To evaluate market potential, you would use data on all of the following EXCEPT

All of the following companies were harmed by inaccurate market assessments EXCEPT

All of the following are advantages of contract manufacturing EXCEPT

Juanita recently purchased an FDX Computer. She needs assistance setting it up and contacts the firm's customer-service center, which is located in Bangalore, India. FDX Computer most likely engages in which of the following?

ABC Law Firm in Orlando, FL, has been looking for a way to cut costs. They recently hired a group of paralegals located in Bangalore, India, to transcribe all recorded depositions and legal proceedings for the attorneys in their firm. The firm e-mails the paralegals electronic files of the recordings, which they transcribe and send back to Orlando. ABC Law Firm most likely engages in which of the following?

Which car companies have created a successful joint venture in Thailand?

IMAX, the entertainment firm, recently entered into a joint venture with Wanda Cinema Line, a Chinese theater chain. What was IMAX primarily seeking by forming this arrangement?

Boeing collaborated in a strategic alliance with Siemens in the development and production of energy solutions for the U.S. military to take advantage of Siemens' technology. What benefit of strategic alliances was Boeing most likely seeking?

In 2012, American animation studio DreamWorks Animation announced a joint venture with China Media Capital, Shanghai Media Group, and Shanghai Alliance Investment to create Oriental DreamWorks. Through the joint venture, DreamWorks was most likely seeking all of the following EXCEPT

A(n) _____ alliance occurs when partners share the expenses of bringing a good or service to the market.

When two or more firms integrate different operating procedures along the chain of development and production to bring goods and/or services to the market, a _____ alliance has been formed.

General Mills and Nestlé created a joint venture that fully integrated all the efforts necessary to compete against Kellogg in the European cereal market. This is an example of a(n) ________ alliance.

A firm created by two or more parent companies that is legally separate and distinct from those parent companies is known as a _______.

A joint venture is a new business entity that is legally separate and distinct from its parent companies.

Ocean Spray and Pepsi entered into a strategic alliance. Under the agreement, a portfolio of cranberry and blueberry-based beverages will be distributed through Pepsi's Latin America drinks division in collaboration with Massachusetts-based Ocean Spray Cranberries. This is an example of a(n) ______ alliance.

A public/private joint venture works best in countries with high levels of political instability.

A special form of joint venture that involves a partnership between a privately owned firm and a government is known as a(n)

Most JVs take the form of a __________.

There are three approaches to managing a JV: 1) Founding firms share management jointly 2) One founder takes primary responsibility 3) An independent team manages the JV Which approach is most often preferred, and why?

What is the main reason that strategic alliances fail?

Which of the following is an example of an alliance that failed due to partner incompatibility?

Which of the following is NOT a potential advantage of a strategic alliance?

All of the following are potential pitfalls of strategic alliances EXCEPT

When two or more firms manufacture products or provide services in shared or common facilities, this is known as a

U.K.-based Cancer Research Technology Ltd. and Israeli Teva Pharmaceutical Industries Ltd. have signed an agreement to develop new cancer drugs. This is an example of what type of alliance?