A company has to be a major multinational corporation to facilitate, and benefit from, the |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
FALSE | International business refers to the shift toward a more integrated and interdependent world economy. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | Globalization always go as planned. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
TRUE | The IMF is often seen as the lender of last resort to nation-states whose economies are in |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global market places. |
TRUE | The internet has been a major force facilitating international trade in services. |
TRUE | An international business is any firm that engages in international trade or investment. |
FALSE | Communications slowed down transportation of goods. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
TRUE | Substantial impediments such as barriers to foreign direct investment make it difficult for |
TRUE | Transnational company is a large global firm that operates in a number of countries. |
FALSE | International business refers to the shift toward a more integrated and interdependent world economy. |
World Trade Organization | It is primarily responsible for policing the world trading systems and making sure nation-state adhere to the rules laid down in trade treaties. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
Globalization of Production | It refers to the sourcing of goods and services from location around the globe to take advantage of national differences in the cost of production. |
TRUE | The internet has been a major force facilitating international trade in services. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global market places. |
FALSE | Communications slowed down transportation of goods. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
TRUE | The IMF is often seen as the lender of last resort to nation-states whose economies are in |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
Globalization of Markets | The _______________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
TRUE | Transnational company is a large global firm that operates in a number of countries. |
United Nations | It is committed to preserving peace through international cooperation and collective security. |
none of the above | It was established to maintain order in the international monetary system. |
FALSE | Globalization always go as planned. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
TRUE | Substantial impediments such as barriers to foreign direct investment make it difficult for |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
TRUE | An international business is any firm that engages in international trade or investment. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
TRUE | The internet has been a major force facilitating international trade in services. |
United Nations | It is committed to preserving peace through international cooperation and collective security. |
TRUE | The IMF is often seen as the lender of last resort to nation-states whose economies are in |
TRUE | Transnational company is a large global firm that operates in a number of countries. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
FALSE | International business refers to the shift toward a more integrated and interdependent world economy. |
FALSE | Globalization always go as planned. |
World Trade Organization | It is primarily responsible for policing the world trading systems and making sure nation-state adhere to the rules laid down in trade treaties. |
TRUE | An international business is any firm that engages in international trade or investment. |
Globalization of Production | It refers to the sourcing of goods and services from location around the globe to take advantage of national differences in the cost of production. |
FALSE | Communications slowed down transportation of goods. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
Globalization of Markets | The _______________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global market places. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
TRUE | Substantial impediments such as barriers to foreign direct investment make it difficult for |
none of the above | It was established to maintain order in the international monetary system. |
TRUE | The internet has been a major force facilitating international trade in services. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
FALSE | Globalization always go as planned. |
TRUE | Transnational company is a large global firm that operates in a number of countries. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
United Nations | It is committed to preserving peace through international cooperation and collective security. |
FALSE | International business refers to the shift toward a more integrated and interdependent world economy. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
none of the above | It was established to maintain order in the international monetary system. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | Communications slowed down transportation of goods. |
World Trade Organization | It is primarily responsible for policing the world trading systems and making sure nation-state adhere to the rules laid down in trade treaties. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global market places. |
Globalization of Production | It refers to the sourcing of goods and services from location around the globe to take advantage of national differences in the cost of production. |
TRUE | The IMF is often seen as the lender of last resort to nation-states whose economies are in |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
TRUE | Substantial impediments such as barriers to foreign direct investment make it difficult for |
TRUE | An international business is any firm that engages in international trade or investment. |
Globalization of Markets | The _______________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
TRUE | The IMF is often seen as the lender of last resort to nation-states whose economies are in |
FALSE | International business refers to the shift toward a more integrated and interdependent world economy. |
TRUE | Transnational company is a large global firm that operates in a number of countries. |
TRUE | Substantial impediments such as barriers to foreign direct investment make it difficult for |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
TRUE | An international business is any firm that engages in international trade or investment. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global market places. |
TRUE | The internet has been a major force facilitating international trade in services. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
FALSE | Globalization always go as planned. |
FALSE | Communications slowed down transportation of goods. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
FALSE | The mixing of world cultures through different ethnicities, religions and nationalities has increased with advanced communication, transportation and technology is called cross- culture. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | The regular and repeated way in which something happens or is done is called pattern. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
mixed economy | In a ________, certain sectors of the economy of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
TRUE | t is not legal to charge interest under Islamic laws therefore Islamic banks |
FALSE | Outsourcing is a process that is limited to manufacturing enterprises. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
legal system | The ________________of a country refers to the rules, or laws, that regulate behavior along with the process by which the law are enforced and through which redress for grievances is obtained. |
TRUE | By political system we mean the system of government in a nation. |
civil law | It is based on a detailed set of laws organized into codes. |
common law | ________________is based on tradition, precedent, and custom. |
TRUE | Follower of Islam is called a Muslim. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
FALSE | Communist states practice representative election. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | Follower of Islam is called a Muslim. |
FALSE | Communist states practice representative election. |
TRUE | By political system we mean the system of government in a nation. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
TRUE | The regular and repeated way in which something happens or is done is called pattern. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
FALSE | Outsourcing is a process that is limited to manufacturing enterprises. |
FALSE | The mixing of world cultures through different ethnicities, religions and nationalities has increased with advanced communication, transportation and technology is called cross- culture. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
TRUE | t is not legal to charge interest under Islamic laws therefore Islamic banks |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | t is not legal to charge interest under Islamic laws therefore Islamic banks |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
civil law | It is based on a detailed set of laws organized into codes. |
FALSE | Communist states practice representative election. |
legal system | The ________________of a country refers to the rules, or laws, that regulate behavior along with the process by which the law are enforced and through which redress for grievances is obtained. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
FALSE | Outsourcing is a process that is limited to manufacturing enterprises. |
mixed economy | In a ________, certain sectors of the economy of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
common law | ________________is based on tradition, precedent, and custom. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
TRUE | Follower of Islam is called a Muslim. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | The regular and repeated way in which something happens or is done is called pattern. |
TRUE | By political system we mean the system of government in a nation. |
FALSE | The mixing of world cultures through different ethnicities, religions and nationalities has increased with advanced communication, transportation and technology is called cross- culture. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
TRUE | t is not legal to charge interest under Islamic laws therefore Islamic banks |
TRUE | By political system we mean the system of government in a nation. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | Follower of Islam is called a Muslim. |
TRUE | The regular and repeated way in which something happens or is done is called pattern. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
FALSE | Outsourcing is a process that is limited to manufacturing enterprises. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
legal system | The ________________of a country refers to the rules, or laws, that regulate behavior along with the process by which the law are enforced and through which redress for grievances is obtained. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | t is not legal to charge interest under Islamic laws therefore Islamic banks |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
TRUE | The regular and repeated way in which something happens or is done is called pattern. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
TRUE | Follower of Islam is called a Muslim. |
FALSE | The mixing of world cultures through different ethnicities, religions and nationalities has increased with advanced communication, transportation and technology is called cross- culture. |
mixed economy | In a ________, certain sectors of the economy of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
civil law | It is based on a detailed set of laws organized into codes. |
TRUE | By political system we mean the system of government in a nation. |
common law | ________________is based on tradition, precedent, and custom. |
FALSE | Outsourcing is a process that is limited to manufacturing enterprises. |
FALSE | Communist states practice representative election. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
Islam | This religion requires unconditional acceptance of the uniqueness, power, and authority of God and the understanding that the objective of life is to fulfill the dictates of His will in the hope of admission to paradise. |
glass ceiling | The following are work-related values except for: |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
social strata | These are typically defined on the basis of characteristics such as family background, occupation, and income. |
FALSE | Culture is constant; it does not evolves over time. |
civil law | It is based on a detailed set of laws organized into codes. |
Religion | ___________may be defined as a system of shared beliefs and rituals that are concerned with the realm of the sacred. |
The correct answers are: Confucianism, Buddhism | It is built around a comprehensive ethical code that sets down guidelines for relationships with others. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
Globalization of Production | It refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of production. |
social mobility | It refers to the extent to which individuals can move out of the strata into which they are born. |
FALSE | Nations that invest more in education will have lower growth rates because an educated population is less productive. |
TRUE | By political system we mean the system of government in a nation. |
common law | _________________ is based on tradition, precedent, and custom. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global marketplaces. |
World Trade Organization | It is committed to preserving peace through international cooperation and collective security. |
unspoken language | _________________ refers to nonverbal communication. |
TRUE | The internet has been a major force facilitating international trade services. |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
gender | All are determinants of culture except for: |
International Monetary Fund | It was established to maintain order in the international monetary system. |
TRUE | One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed. |
TRUE | The rise of Islamic fundamentalism is portrayed as a response to the alienation produced by modernization. |
Buddhism | According to this religion, suffering originates in people's desires for pleasure. |
TRUE | An international business is any firm that engages in international trade or investment. |
Hinduism | It would be dubbed more a way of life than a religion. Followers believe that a moral force in society requires the acceptance of certain responsibilities. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
mixed economy | In a _________________, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
ethical systems | It refers to a set of moral principles, or values, that are used to guide and shape behavior. |
FALSE | International business refers to the shift toward a more integrated world economy. |
World Trade Organization | It is primarily responsible for policing the word trading systems and making sure nation-state adhere to the rules laid down in the trade treaties. |
FALSE | In many Asian societies, the individual is the basic building block of social organization. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
social structure | It refers to its basic social organization. |
FALSE | Terrorism represents one of the major drivers to world peace and economic progress in the 21st century. |
legal system | The __________ of a country refers to the rules, or laws, that regulate behavior along with the processes by which the law are enforced and through which redress for grievances is obtained. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
TRUE | Economic freedom does not necessarily equate with political freedom. |
FALSE | Communist states practice representative election. |
Globalization of Markets | The __________________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
Christianity | It is the most widely practiced religion in the world. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
TRUE | The rise of Islamic fundamentalism is portrayed as a response to the alienation produced by modernization. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global marketplaces. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
FALSE | Communist states practice representative election. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
TRUE | By political system we mean the system of government in a nation. |
FALSE | Nations that invest more in education will have lower growth rates because an educated population is less productive. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
TRUE | An international business is any firm that engages in international trade or investment. |
TRUE | Economic freedom does not necessarily equate with political freedom. |
FALSE | Culture is constant; it does not evolves over time. |
TRUE | The internet has been a major force facilitating international trade services. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
FALSE | Terrorism represents one of the major drivers to world peace and economic progress in the 21st century. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
FALSE | International business refers to the shift toward a more integrated world economy. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
FALSE | In many Asian societies, the individual is the basic building block of social organization. |
ethical systems | It refers to a set of moral principles, or values, that are used to guide and shape behavior. |
TRUE | One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed. |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
TRUE | The emphasis on the individual in the United States may raise the costs of |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
Hinduism | It would be dubbed more a way of life than a religion. Followers believe that a moral force in society requires the acceptance of certain responsibilities. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global marketplaces. |
unspoken language | _________________ refers to nonverbal communication. |
International Monetary Fund | It was established to maintain order in the international monetary system. |
FALSE | Culture is constant; it does not evolves over time. |
FALSE | Communist states practice representative election. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
gender | All are determinants of culture except for: |
FALSE | International business refers to the shift toward a more integrated world economy. |
The correct answers are: Confucianism, Buddhism | It is built around a comprehensive ethical code that sets down guidelines for relationships with others. |
FALSE | In many Asian societies, the individual is the basic building block of social organization. |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
FALSE | Terrorism represents one of the major drivers to world peace and economic progress in the 21st century. |
Globalization of Markets | The __________________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
TRUE | The rise of Islamic fundamentalism is portrayed as a response to the alienation produced by modernization. |
World Trade Organization | It is committed to preserving peace through international cooperation and collective security. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
TRUE | An international business is any firm that engages in international trade or investment. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
Christianity | It is the most widely practiced religion in the world. |
glass ceiling | The following are work-related values except for: |
social structure | It refers to its basic social organization. |
TRUE | By political system we mean the system of government in a nation. |
Islam | This religion requires unconditional acceptance of the uniqueness, power, and authority of God and the understanding that the objective of life is to fulfill the dictates of His will in the hope of admission to paradise. |
Buddhism | According to this religion, suffering originates in people's desires for pleasure. |
civil law | It is based on a detailed set of laws organized into codes. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
legal system | The __________ of a country refers to the rules, or laws, that regulate behavior along with the processes by which the law are enforced and through which redress for grievances is obtained. |
Globalization of Production | It refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of production. |
TRUE | Economic freedom does not necessarily equate with political freedom. |
social strata | These are typically defined on the basis of characteristics such as family background, occupation, and income. |
mixed economy | In a _________________, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
FALSE | Nations that invest more in education will have lower growth rates because an educated population is less productive. |
social mobility | It refers to the extent to which individuals can move out of the strata into which they are born. |
World Trade Organization | It is primarily responsible for policing the word trading systems and making sure nation-state adhere to the rules laid down in the trade treaties. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
Religion | ___________may be defined as a system of shared beliefs and rituals that are concerned with the realm of the sacred. |
common law | _________________ is based on tradition, precedent, and custom. |
TRUE | The internet has been a major force facilitating international trade services. |
common law | _________________ is based on tradition, precedent, and custom. |
TRUE | By political system we mean the system of government in a nation. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
totalitarianism | It is where citizens' right to freedom of expression and organization, a free media, and regular elections are all denied. |
Christianity | It is the most widely practiced religion in the world. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
TRUE | One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed. |
FALSE | International business refers to the shift toward a more integrated world economy. |
International Monetary Fund | It was established to maintain order in the international monetary system. |
FALSE | Communist states practice representative election. |
ethical systems | It refers to a set of moral principles, or values, that are used to guide and shape behavior. |
mixed economy | In a _________________, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. |
The correct answers are: Confucianism, Buddhism | It is built around a comprehensive ethical code that sets down guidelines for relationships with others. |
TRUE | Economic freedom does not necessarily equate with political freedom. |
Buddhism | According to this religion, suffering originates in people's desires for pleasure. |
Religion | ___________may be defined as a system of shared beliefs and rituals that are concerned with the realm of the sacred. |
FALSE | Terrorism represents one of the major drivers to world peace and economic progress in the 21st century. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
legal system | The __________ of a country refers to the rules, or laws, that regulate behavior along with the processes by which the law are enforced and through which redress for grievances is obtained. |
social structure | It refers to its basic social organization. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global marketplaces. |
market economy | It is where all productive activities are privately owned, as opposed to being owned by the state. |
Islam | This religion requires unconditional acceptance of the uniqueness, power, and authority of God and the understanding that the objective of life is to fulfill the dictates of His will in the hope of admission to paradise. |
FALSE | In many Asian societies, the individual is the basic building block of social organization. |
Hinduism | It would be dubbed more a way of life than a religion. Followers believe that a moral force in society requires the acceptance of certain responsibilities. |
FALSE | Culture is constant; it does not evolves over time. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
TRUE | The internet has been a major force facilitating international trade services. |
Globalization of Production | It refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of production. |
gender | All are determinants of culture except for: |
World Trade Organization | It is committed to preserving peace through international cooperation and collective security. |
TRUE | An international business is any firm that engages in international trade or investment. |
unspoken language | _________________ refers to nonverbal communication. |
glass ceiling | The following are work-related values except for: |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
social mobility | It refers to the extent to which individuals can move out of the strata into which they are born. |
TRUE | The rise of Islamic fundamentalism is portrayed as a response to the alienation produced by modernization. |
social strata | These are typically defined on the basis of characteristics such as family background, occupation, and income. |
FALSE | Nations that invest more in education will have lower growth rates because an educated population is less productive. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
civil law | It is based on a detailed set of laws organized into codes. |
Globalization of Markets | The __________________refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
individualism | It refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. |
World Trade Organization | It is primarily responsible for policing the word trading systems and making sure nation-state adhere to the rules laid down in the trade treaties. |
TRUE | The lowering of trade barriers made globalization of markets and production a theoretical possibility. |
TRUE | One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed. |
TRUE | By political system we mean the system of government in a nation. |
FALSE | A company has to be a major multinational corporation to facilitate, and benefit from, the |
FALSE | As firms follow each other around the world, greater diversity replaces uniformity. |
TRUE | Currently, the most global of markets are for industrial goods and materials that serve a |
FALSE | International business refers to the shift toward a more integrated world economy. |
TRUE | The rise of Islamic fundamentalism is portrayed as a response to the alienation produced by modernization. |
FALSE | The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. |
FALSE | The basic principles of Judaism, Christianity, and Islam have nothing in common. |
FALSE | In many Asian societies, the individual is the basic building block of social organization. |
FALSE | Culture is constant; it does not evolves over time. |
TRUE | Gold and silver are the currency of trade in mid 16th century. |
TRUE | Economic freedom does not necessarily equate with political freedom. |
TRUE | Like the economic system of a country, the legal system is influenced by prevailing political system. |
FALSE | Terrorism represents one of the major drivers to world peace and economic progress in the 21st century. |
TRUE | The internet has been a major force facilitating international trade services. |
TRUE | The emphasis on the individual in the United States may raise the costs of |
FALSE | Nations that invest more in education will have lower growth rates because an educated population is less productive. |
TRUE | A company does not need a large size to facilitate, and benefit from, the globalization of markets. |
TRUE | Tastes and preferences of consumers in different nations are beginning to converge on |
FALSE | Communist states practice representative election. |
TRUE | An international business is any firm that engages in international trade or investment. |
FALSE | Low-cost communication networks such as the World Wide Web are not helping to create electronic global marketplaces. |
FALSE | Upon meeting a foreign business executive, a Japanese executive will hold |
FALSE | Ricardo states that comparative advantage arises |
from differences in national factor endowments. |
FALSE | Capitalism views trade as a zero-sum game. |
FALSE | Adam Smith argued that a country has |
a competitive advantage in |
the production of a product when it is more efficient than any other country in |
producing it. |
TRUE | Free trade is beneficial because it allows country |
TRUE | Mercantilism suggests that it is in a country's |
best interest to maintain a trade surplus -to export more than it imports. |
TRUE | Heckscher and |
Ohlin predict that countries will |
TRUE | A country may dominate in the |
export of a good simply because it was lucky enough to have one or more firms |
among the first to produce that good. |
FALSE | Government policy can't |
TRUE | New trade theory |
suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a |
large scale of output) can have important implications for international trade. |
TRUE | The theory of comparative |
advantage suggests that countries should specialize in the |
production of those goods they produce most efficiently and buy goods that they |
produce less efficiently from other countries. |
FALSE | Free trade is a situation where a government attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. |
FALSE | The Leontief Paradox suggests that |
TRUE | Demand conditions is one of the determinants of National Competitive Advantage. |
TRUE | Zero sum game is |
TRUE | International trade allows |
a country |
TRUE | Trade is a positive sum |
game. |
TRUE | Demand conditions is one of the determinants of National Competitive Advantage. |
TRUE | Heckscher and |
Ohlin predict that countries will |
TRUE | International trade allows |
a country |
FALSE | Adam Smith argued that a country has |
a competitive advantage in |
the production of a product when it is more efficient than any other country in |
producing it. |
FALSE | The Leontief Paradox suggests that |
TRUE | A country may dominate in the |
export of a good simply because it was lucky enough to have one or more firms |
among the first to produce that good. |
TRUE | New trade theory |
suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a |
large scale of output) can have important implications for international trade. |
TRUE | Mercantilism suggests that it is in a country's |
best interest to maintain a trade surplus -to export more than it imports. |
TRUE | Zero sum game is |
TRUE | The theory of comparative |
advantage suggests that countries should specialize in the |
production of those goods they produce most efficiently and buy goods that they |
produce less efficiently from other countries. |
TRUE | Trade is a positive sum |
game. |
FALSE | Government policy can't |
TRUE | Free trade is beneficial because it allows country |
FALSE | Ricardo states that comparative advantage arises |
from differences in national factor endowments. |
TRUE | Mercantilism suggests that it is in a country's |
best interest to maintain a trade surplus -to export more than it imports. |
FALSE | The Leontief Paradox suggests that |
TRUE | Trade is a positive sum |
game. |
TRUE | Demand conditions is one of the determinants of National Competitive Advantage. |
TRUE | A country may dominate in the |
export of a good simply because it was lucky enough to have one or more firms |
among the first to produce that good. |
TRUE | International trade allows |
a country |
FALSE | Adam Smith argued that a country has |
a competitive advantage in |
the production of a product when it is more efficient than any other country in |
producing it. |
FALSE | Free trade is a situation where a government attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. |
TRUE | Zero sum game is |
TRUE | New trade theory |
suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a |
large scale of output) can have important implications for international trade. |
TRUE | Free trade is beneficial because it allows country |
TRUE | Mercantilism suggests that it is in a country's |
best interest to maintain a trade surplus -to export more than it imports. |
TRUE | The theory of comparative |
advantage suggests that countries should specialize in the |
production of those goods they produce most efficiently and buy goods that they |
produce less efficiently from other countries. |
TRUE | Demand conditions is one of the determinants of National Competitive Advantage. |
FALSE | The Leontief Paradox suggests that |
TRUE | New trade theory |
suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a |
large scale of output) can have important implications for international trade. |
FALSE | Government policy can't |
TRUE | A country may dominate in the |
export of a good simply because it was lucky enough to have one or more firms |
among the first to produce that good. |
TRUE | International trade allows |
a country |
TRUE | Trade is a positive sum |
game. |
TRUE | Zero sum game is |
TRUE | Heckscher and |
Ohlin predict that countries will |
Exports give a country a political advantage over other countries that export less. | According to the theory of comparative advantage, which of the following is not a reason why countries trade? |
FALSE | Capitalism views trade as a zero-sum game. |
TRUE | A country may dominate in the export of a good simply because it was lucky enough to have one or more firms among the first to produce that good. |
FALSE | Free trade is a situation where a government attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. |
TRUE | New trade theory suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a large scale of output) can have important implications for international trade. |
Imports are desirable. | Which of the following statements would a mercantilist not agree with? |
TRUE | The theory of comparative advantage suggests that countries should specialize in the production of those goods they produce most efficiently and buy goods that they produce less efficiently from other countries. |
TRUE | Free trade is beneficial because it allows country to specialize in the manufacture and export of products and services that it can produce efficiently. |
TRUE | Trade is a positive sum game. |
FALSE | Adam Smith argued that a country has a competitive advantage in the production of a product when it is more efficient than any other country in producing it. |
The nominal wage rate in country A will have to fall | If all prices in one country (country A) are higher than all prices in another country (B) when compared at the wage rates that happen to prevail in the two countries, and if the countries share the same currency, then if the nominal wage rate in country B remains fixed |
TRUE | Heckscher and Ohlin predict that countries will export goods that make intensive use of locally abundant factors. |
FALSE | Ricardo states that comparative advantage arises from differences in national factor endowments. |
All of the above. | According to the theory of comparative advantage, a country will export a good only if |
FALSE | The Leontief Paradox suggests that as products mature both the location of sales and the optimal production location will change affecting the flow and direction of trade. |
TRUE | Mercantilism suggests that it is in a country's best interest to maintain a trade surplus -to export more than it imports. |
TRUE | Demand conditions is one of the determinants of National Competitive Advantage. |
FALSE | Government policy can't affect demand through product standards. |
TRUE | International trade allows a country to specialize in the manufacture and export of products and services that it can produce efficiently. |
TRUE | Zero sum game is one in which a gain by one country results in a loss by another. |
TRUE | Tariffs are considered to be the oldest form of trade policy. |
FALSE | The flow of Foreign Direct Investment is the total accumulated value of |
foreign-owned assets at a given time. |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
all of the above | A payment to a domestic producer can be: |
all of above | Most successful products are those which are |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
none of the above | Which of the following is not considered as GATT criticism? |
FALSE | Firms prefer to acquire new assets because greenfield investments |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
FALSE | Import quotas requires some specific fraction of a good to |
be produced domestically. |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
TRUE | Anti-dumping policies d |
Global warming | The following are political arguments for intervention except: |
FALSE | Offshore investments is the establishment of a wholly new operation in a foreign |
country. |
TRUE | Foreign direct investment (FDI) occurs when a firm |
invests directly in new facilities to produce and/or market in a foreign |
country. |
Media | Foreign policy decision makers for spreading their information they rely on |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
TRUE | Tariffs are considered to be the oldest form of trade policy. |
FALSE | Offshore investments is the establishment of a wholly new operation in a foreign |
country. |
all of the above | A payment to a domestic producer can be: |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
FALSE | Import quotas requires some specific fraction of a good to |
be produced domestically. |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
Global warming | The following are political arguments for intervention except: |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
FALSE | The flow of Foreign Direct Investment is the total accumulated value of |
foreign-owned assets at a given time. |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
Media | Foreign policy decision makers for spreading their information they rely on |
TRUE | Anti-dumping policies d |
TRUE | Foreign direct investment (FDI) occurs when a firm |
invests directly in new facilities to produce and/or market in a foreign |
country. |
all of above | Most successful products are those which are |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
none of the above | Which of the following is not considered as GATT criticism? |
FALSE | Firms prefer to acquire new assets because greenfield investments |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
Media | Foreign policy decision makers for spreading their information they rely on |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
all of above | Most successful products are those which are |
Global warming | The following are political arguments for intervention except: |
none of the above | Which of the following is not considered as GATT criticism? |
all of the above | A payment to a domestic producer can be: |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
TRUE | Foreign direct investment (FDI) occurs when a firm |
invests directly in new facilities to produce and/or market in a foreign |
country. |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
all of above | Most successful products are those which are |
FALSE | The flow of Foreign Direct Investment is the total accumulated value of |
foreign-owned assets at a given time. |
Media | Foreign policy decision makers for spreading their information they rely on |
TRUE | Anti-dumping policies d |
FALSE | Firms prefer to acquire new assets because greenfield investments |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
TRUE | Tariffs are considered to be the oldest form of trade policy. |
FALSE | Import quotas requires some specific fraction of a good to |
be produced domestically. |
Global warming | The following are political arguments for intervention except: |
all of the above | A payment to a domestic producer can be: |
none of the above | Which of the following is not considered as GATT criticism? |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
FALSE | Offshore investments is the establishment of a wholly new operation in a foreign |
country. |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
all of above | Most successful products are those which are |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
FALSE | Import quotas requires some specific fraction of a good to |
be produced domestically. |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
FALSE | The flow of Foreign Direct Investment is the total accumulated value of |
foreign-owned assets at a given time. |
Media | Foreign policy decision makers for spreading their information they rely on |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
TRUE | Tariffs are considered to be the oldest form of trade policy. |
TRUE | Foreign direct investment (FDI) occurs when a firm |
invests directly in new facilities to produce and/or market in a foreign |
country. |
Global warming | The following are political arguments for intervention except: |
FALSE | Offshore investments is the establishment of a wholly new operation in a foreign |
country. |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
TRUE | Anti-dumping policies d |
all of the above | A payment to a domestic producer can be: |
FALSE | Firms prefer to acquire new assets because greenfield investments |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
none of the above | Which of the following is not considered as GATT criticism? |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
opinion leader | A person, who offers informal reviews or advice about specific category is called as |
Marketing environment | Factors that affect Company's ability to maintain customer relationships are known as |
A company that operates in many different countries | Which of the following best defines a multinational corporation? |
ideal self-concept | Consumer's seek, for answer of 'how we like to view ourselves' is a concept named by |
She will be creating a new foreign enterprise | Maan live in The Philippines and she wants to mak |
all of the above | A payment to a domestic producer can be: |
all of above | Most successful products are those which are |
cancellation principle | Strategy to integrate larger gains with smaller losses involved |
A firm having someone else do part of what it previously did itself. | Outsourcing is |
none of the above | Which of the following is not considered as GATT criticism? |
Global warming | The following are political arguments for intervention except: |
When an investor starts or acquires a business in a foreign country | How can foreign direct investment (FDI) be best described? |
Media | Foreign policy decision makers for spreading their information they rely on |