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20 Cards in this Set
- Front
- Back
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Which of the following statements is true of expatriate managers? a. They are managers who work abroad b. They are managers who work in domestic firms c. They are managers who work for the emerging economies they are a part of d. They are managers who work for local businesses in developed countries |
a. They are managers who work abroad |
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Which of the following is a difference between risk management and scenario planning? a. Risk management plans for either high risk or low risk, whereas scenario planning prepares to minimize the impact of only high-risk events b. Risk management is the identification and assessment of risks, whereas scenario planing is a technique to prepare and plan for multiple situations c. Risk management is a new phenomenon beginning in the late 20th century, whereas scenario planning started 2,000 or 8,000 years ago d. Risk management is driven by recent technological innovations, whereas scenario planning is driven by a Western ideology |
b. Risk management is the identification and assessment of risks, whereas scenario planning is a technique to prepare and plan for multiple situations |
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Which of the following best defines a political system? a. It refers to the legal rights to use an economic property and to derive income and benefits from it b. It refers to a legal system based on religious teachings c. It refers to the rules of the game on how a country's laws are enacted and enforced d. It refers to the rules of the game on how a country is governed constitutionally |
d. It refers to the rules of the game on how a country is governed constitutionally |
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Arcadia is a country that follows a democratic system of government. Therefore, it can be inferred that: a. One person or party exercises absolute political control b. Citizens elect representatives to govern the country on their behalf c. Power rests in the hands of one religious party or group d. Political power is restricted by the military because of the belief that political power gives rise to communism |
b. Citizens elect representatives to govern the country on their behalf |
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Relative to civil law, common law has more flexibility because judges _________. a. have to resolve specific disputes based on their interpretation of the law b. have the power only to apply the law because of comprehensive statues and codes c. do not have any codes and statutes to guide them d. do not have the regulatory pillar that supports institutions |
a. have to resolve specific disputes based on their interpretation of the law |
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________ are the exclusive legal rights of authors and publishers to publish and disseminate their work. a. Copyrights b. Patents c. Trademarks d. Charters |
a. Copyrights |
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Which of the following statements is true of trademarks? a. They are the exclusive legal rights of authors and publishers to publish and disseminate their work b. They are the legal rights awarded by government authorities to inventors of new products or processes c. They are the exclusive legal rights of firms to use specific brands to differentiate their products from others d. They are the legal rights used to derive income and benefits from an economic resource |
c. They are the exclusive legal rights of firms to use specific brands to differentiate their products from others |
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Which of the following statements is true of piracy? a. It is the unauthorized use of intellectual property rights b. It is not considered a violation of law by the government c. It is concerned only with the illegal usage of copyrights d. It is concerned only with the illegal usage of trademarks |
a. It is the unauthorized use of intellectual property rights |
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______ is the idea that the identity of a person is fundamentally his or her own. a. Ethnocentrism b. Individualism c. Femininity d. Masculinity |
b. Individualism |
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Ethics helps to combat corruption, while corruption: a. discourages foreign direct investment b. increases the economic development c. decreases the tax rate d. is based on products and services |
a. discourages foreign direct investment |
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Which of the following statements is true of the resource-based view of global business? a. It deals with the external opportunities and threats b. It concentrates on a firm's internal strengths and weaknesses c. It consists of only primary activities and support activities d. It refers to the difficulty of identifying the causal determinants of firm performance |
b. It concentrates on a firm's internal strengths and weaknesses |
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According to the resource-based view of management, an implication for action is that ____ though important, is not likely to be a successful strategy. a. benchmarking b. commoditization c. reshoring d. ambidexterity |
a. benchmarking |
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Which of the following statements is true of trade? a. It only consists of the exchange of services b. It involves export and import of goods and services c. It leads to the stagnation of the wealth of the world d. It only consists of the buying and selling of tangible |
b. It involves export and import of goods and services |
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Which of the following is a difference between merchandise trade and service trade? a. Merchandise trade takes place only between a firm and a consumer, whereas service trade takes place only between a producer and a consumer b. Merchandise trade includes services and foreign direct investment, whereas service trade includes only trade in goods c. Merchandise trade is the buying and selling of tangible products, whereas service trade is the buying and selling of intangible services d. Merchandise trade is defined by the Four Modes of Supply of the General Agreement on Trade in Services (GATS), whereas service trade is defined by the Four Modes of Demand of the GATS. |
c. Merchandise trade is the buying and selling of tangible products, whereas service trade is the buying and selling of intangible services |
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_______ are government payments to domestic firms. a. Import quotas b. Subsidies c. Voluntary export restraints d. Local content requirements |
b. Subsidies |
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In the context of the product life cycle theory, which of the following statements is true of the maturing stage? a. In this stage, a new product is commoditized b. In this stage, a new product is standardized c. In this stage, it becomes worthwhile to produce goods in other developed nations d. In this stage, production of a new product that commands a price premium is involved |
c. In this stage, it becomes worthwhile to produce good in other developed nations |
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_____ refers to holding securities, such as stocks and bonds, of companies in countries outside one's own but does not entail the active management of foreign assets. a. Foreign portfolio investment (FPI) b. Foreign direct investment (FDI) c. Internalization d. Licensing |
a. Foreign portfolio investment (FPI) |
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A _______ system is based on a very detailed set of laws organized into codes. a. traditional law b. theocratic law c. civil law d. common law |
c. civil law |
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A ______ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture, use, or sale of that invention. a. copyright b. trademark c. contract d. patent |
d. patent |
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Design and names by which merchants or manufacturers designate and differentiate their products are known as ______. a. trademarks b. copyrights c. patents d. licenses |
a. trademarks |
