Question
1. Question :
The
sale of government-owned economic resources to private operators is called _______.
the
price mechanism
laissez-faire
economics
privatization
guanxi
Question
2. Question :
In
most failed centrally planned economies ________.
market
conditions helped determine who produced various goods
prices
of products were a function of supply and demand
central
planning agencies specified production goals and decided prices
central
planners paid attention to efficiency improvement
Question
3. Question :
The
practice of mercantilism rested upon each of the following except ________.
enhanced
trade deficits
government
intervention
colonialism
trade
surpluses
Question
4. Question :
Who
proposed the theory of absolute advantage?
David
Ricardo
Adam
Smith
Bertil
Ohlin
Raymond
Vernon
Question
5. Question :
Comparative
advantage theory focuses on which of the following?
Maximization
of production and consumption
Logistics
planning
Resource
assessment
Creation
of trade surpluses
Question
6. Question :
The
focus of factor proportions theory is on the ________.
productivity
of the production process
cost-effectiveness
of the production process
use
of abundant production factors
use
of expensive production factors
Question
7. Question :
Which
element of national competitive advantage theory divides resources into two
groups, basic and advanced?
Demand
conditions
Factor
conditions
Related
and supporting industries
Firm,
strategy, structure, and rivalry
Question
8. Question :
Which
of the following is not a problem associated with the infant industry argument?
It
can cause domestic companies to become overly innovative.
Once
protection of an industry is given, it can be politically difficult to
eliminate.
Protection
can do more economic harm than good.
Governments
might have difficulty identifying the industries worth protecting.
Question
9. Question :
Which
of the following is not an example of an instrument that government uses to
promote trade?
Tariffs
Subsidies
Export
financing
Foreign
trade zones
Question
10. Question :
Which
of the following adds to the cost of an imported product by levying an
additional tax upon it?
Tariffs
Quotas
Local
content requirements
Embargoes
Question
11. Question :
The
________ altered U.S. trade policy from a stance of free trade to one of
protectionism.
General
Agreement on Trade and Tariffs
Multi-Fibre
Arrangement
Normalized
Trade Relations Act
Smoot-Hawley
Act
Question
12. Question :
Which
of the following are main drivers of foreign direct investment?
Diversity
and telecommunications
Telecommunications
and transportation
Globalization
and mergers and acquisitions (M&A)
Diversity
and globalization
Question
13. Question :
A
market that is said to operate at peak efficiency and where goods are readily
and easily available is said to be a(n) ________.
perfect
market
eclectic
market
imperfect
market
greenfield
market
Question
14. Question :
The
main difference between a free-trade area and a customs union is that the members
of a customs union ________.
agree
to treat trade with all nonmember nations in a similar manner
agree
to the free movement of all factors of production
harmonize
their tax, monetary, and fiscal policies and create a common currency
accept
a common stance on economic and political policies regarding nonmember nations
Question
15. Question :
The
strategy formulation process involves both ________.
planning
and strategy
strategy
and structure
planning
and marketing
strategy
and production
Question
16. Question :
Which
of these strategies are appropriate for companies in industries where buyer
preferences do not converge across national borders?
Retrenchment
Global
Multinational
Stability
Question
17. Question :
A
________ strategy can cause a company to overlook important differences in
buyer preferences from one market to another.
global
retrenchment
multidomestic
multinational
Question
18. Question :
Collection
and analysis of information used to assist managers in making informed decisions
is known as ________.
data
collection
market
research
secondary
market research
market
analysis
Question
19. Question :
Which
of the following is not a difficulty associated with conducting international
market research?
Availability
of data
Comparability
of data
Cultural
differences
Economic
differences
Question
20. Question :
The
process of obtaining information that already exists within the company or that
can be obtained from outside sources is called ________.
secondary
market research
logistics
management
primary
market research
invalid
market research
Question
21. Question :
When
an exporter ships merchandise and later bills the importer for its value, it is
using a(n) ________ type of export/import financing.
advance
payment
open
account
letter
of credit
documentary
collection
Question
22. Question :
Which
of the following is not a form of investment entry?
Strategic
alliance
Wholly
owned subsidiary
Joint
venture
Turnkey
project
Question
23. Question :
Brand
names are central to a product’s ________.
personality
raw
materials
reproducibility
inventory
planning
Question
24. Question :
Countries
that top the list for the portion of their markets comprised of counterfeits
include each of the following except ________.
China
India
Russia
United
Kingdom
Question
25. Question :
Which
of the following is a promotional strategy designed to pressure channel members
to carry a product and promote it to final users?
Pull
strategy
Adaptive
channel strategy
Push
strategy
End
distribution strategy
Question
26. Question :
Examples
of pull strategies include each of the following except ________.
mass
media advertising
direct
marketing techniques
free
trial packages
encouraging
good retail visibility
Question
27. Question :
The
physical path a product follows on its way to customers is called a ________.
distribution
channel
promotional
mix path
value
density
just-in-time
path
Question
28. Question :
The
process of assessing a company’s ability to produce enough output to satisfy
market demand is called ________.
location
economics
capacity
planning
process
planning
facilities
layout planning
Question
29. Question :
The
psychological process of readapting to one’s home culture is called ________.
culture
shock
reverse
recruitment
reverse
culture shock
expatriate
failure
Points
Received: 0 of 1
Question
30. Question :
The
senior manager recommends that Hafstrom obtain auto parts from a country where
production activity generates more value than it could generate elsewhere. He
is recommending taking advantage of which of the following?
Just-in-time
manufacturing processes
Japanese
manufacturing precision
German
auto technology
Location
economies
