Chapter 8 Quiz Mgmt

34 Questions  I  By Trarnold
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Chapter 8 Quiz Mgmt
MGMT Quiz Ch. 8 Chuck Williams in correspondence with BA 3305 TTU

  
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1.  Global business is the ____________ and ___________ of good and services from _____________ countries.
A.
B.
C.
D.
2.  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.
3.  Direct foreign investment throughout the world is an increasingly important and common method of conducting global business.  
A.
B.
4.  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.
5.  Trade Barriers are government imposed regulations that ______________ the cost and ___________ the _______________ of ____________ goods. 
A.
B.
C.
D.
6.  Tariffs are a/an ____________ tax on ____________ goods.
A.
B.
C.
D.
7.  Non-tariff barriers are ___________ methods of ___________ the cost or ____________ the volume of __________ goods. 
A.
B.
C.
D.
E.
8.  Non-tariff barriers include all of following except: 
A.
B.
C.
D.
E.
9.  Quotas are defined as:
A.
B.
C.
D.
E.
10.  Voluntary export restraints are defined as: 
A.
B.
C.
D.
E.
11.  Government import standards are defined as: 
A.
B.
C.
D.
E.
12.  Government subsidies are defined as 
A.
B.
C.
D.
E.
13.  Customs classification is defined as: 
A.
B.
C.
D.
E.
14.  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.
15.  GATT made it more difficult and more costly for consumers in all countries to buy foreign products. 
A.
B.
16.  The regional trading zones include all of the following, except: 
A.
B.
C.
D.
E.
17.  The United States belongs to which of the following regional trading zones?
A.
B.
C.
D.
E.
18.  The Maastricht Treaty transferred _____ different economies in to the European Union, and converted their form of currency to the __________.
A.
B.
C.
D.
E.
19.  The World Trade Organization (WTO) is the successor of the GATT.
A.
B.
20.  Global consistency is when a multinational company 
A.
B.
C.
D.
21.  Local adaptations are when a multinational company
A.
B.
C.
D.
22.  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.
23.  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.
24.  The phase model of globalization is when companies make the transition from a _____________ company to a ____________ company in ______________ stages.
A.
B.
C.
D.
25.  The four stages of "The Phase Model of Globalization" are: 
A.
B.
C.
D.
26.  All of the following are disadvantages to exporting, except:
A.
B.
C.
D.
27.  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.
28.  There are two types of cooperative contracts, these are:
A.
B.
C.
D.
E.
29.  Disadvantages to licensing include
A.
B.
C.
D.
E.
30.  Disadvantages to franchising include:
A.
B.
C.
D.
31.  Global joint ventures are the most common strategic alliance.
A.
B.
32.  Disadvantages of global joint ventures include all of the following, except:
A.
B.
C.
D.
33.  A global new venture is characterized by skipping the phase model through three trends. These are: 
A.
B.
C.
D.
34.  An ideal global location for doing business is characterized by:
A.
B.
C.
D.
E.
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