Chapter 8 Quiz Mgmt

34 Questions  I  By Trarnold on March 11, 2009
MGMT Quiz Ch. 8 Chuck Williams in correspondence with BA 3305 TTU

  

Question Excerpt

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1.  The four stages of "The Phase Model of Globalization" are: 
A.
B.
C.
D.
2.  Companies from many countries own businesses in the US, and US companies have made large direct foreign investments in countries throughout the world. However, it is unlawful for a US Company to have more investments in foreign markets than its domestic markets.
A.
B.
3.  Government import standards are defined as: 
A.
B.
C.
D.
E.
4.  Global business is the ____________ and ___________ of good and services from _____________ countries.
A.
B.
C.
D.
5.  The World Trade Organization (WTO) is the successor of the GATT.
A.
B.
6.  Direct foreign investment is a method of investment in which a company ______________ a/an __________ business or ___________ an existing business in a foreign country. 
A.
B.
C.
D.
E.
7.  Quotas are defined as:
A.
B.
C.
D.
E.
8.  Direct foreign investment throughout the world is an increasingly important and common method of conducting global business.  
A.
B.
9.  The phase model of globalization is when companies make the transition from a _____________ company to a ____________ company in ______________ stages.
A.
B.
C.
D.
10.  Disadvantages to franchising include:
A.
B.
C.
D.
11.  Tariffs are a/an ____________ tax on ____________ goods.
A.
B.
C.
D.
12.  Cooperative contracts are an agreement in which a foreign business owner pays a company a fee for the right to conduct business in his/her country.
A.
B.
13.  Disadvantages to licensing include
A.
B.
C.
D.
E.
14.  The United States belongs to which of the following regional trading zones?
A.
B.
C.
D.
E.
15.  The General Agreement on Tariffs and Trade (GATT) is a ______________ trade agreement that ____________ and _____________ tariffs, ________________ government subsidies, and established protections for ______________ property. It features _______ countries. 
A.
B.
C.
D.
E.
16.  A global new venture is characterized by skipping the phase model through three trends. These are: 
A.
B.
C.
D.
17.  Voluntary export restraints are defined as: 
A.
B.
C.
D.
E.
18.  Global consistency is when a multinational company 
A.
B.
C.
D.
19.  Non-tariff barriers are ___________ methods of ___________ the cost or ____________ the volume of __________ goods. 
A.
B.
C.
D.
E.
20.  Local adaptations are when a multinational company
A.
B.
C.
D.
21.  The Maastricht Treaty transferred _____ different economies in to the European Union, and converted their form of currency to the __________.
A.
B.
C.
D.
E.
22.  Disadvantages of global joint ventures include all of the following, except:
A.
B.
C.
D.
23.  If multinational companies lean too much toward _____________, they run the risk of using management procedures poorly-suited to particular countries' markets, cultures, and employees. 
A.
B.
C.
24.  An ideal global location for doing business is characterized by:
A.
B.
C.
D.
E.
25.  The regional trading zones include all of the following, except: 
A.
B.
C.
D.
E.
26.  GATT made it more difficult and more costly for consumers in all countries to buy foreign products. 
A.
B.
27.  Government subsidies are defined as 
A.
B.
C.
D.
E.
28.  Non-tariff barriers include all of following except: 
A.
B.
C.
D.
E.
29.  There are two types of cooperative contracts, these are:
A.
B.
C.
D.
E.
30.  Trade Barriers are government imposed regulations that ______________ the cost and ___________ the _______________ of ____________ goods. 
A.
B.
C.
D.
31.  If companies focus too much on _________________, they run the risk of losing the cost efficiencies and productivity that result from using standardized rules and procedures throughout the world. 
A.
B.
C.
32.  Customs classification is defined as: 
A.
B.
C.
D.
E.
33.  Global joint ventures are the most common strategic alliance.
A.
B.
34.  All of the following are disadvantages to exporting, except:
A.
B.
C.
D.
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