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Chapter 8 Quiz Mgmt

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

  
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Question Excerpt

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