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1. Which of the following is not a defensive rationale motivating governments to intervene in international business?


a. Protection of the national economy


b. Protection of an infant industry


c. National security


d. National culture and identity


e. Increasing employment


2. _________ all right top of governmental intervention that lay down safety health or technical regulations and labeling requirements.


a. Local content requirements


b. Administrative And beaucratic procedure


c. FDI and ownership restriction


d. Countervailing duties


e. Regulations and technical standard


3. What is the term for a government authorization granted to firm for importing a product.


a. Currency control


b. Countervailing duty


c. Anti-dumping duty


d. Investment insensitive


e. Import license


4. The index of economic freedom Plaza thousand advanced economy as _______?


a. Mostly free


b. Unfree


c. Repressed


d. Free


e. Mostly unfree


5. Trade barriers are enforcing products Passthrough _______?


a. Tariff zones


b. Embargoes


c. Quota zones


d. Currency control


e. Technical standard


6. Citizens of the country with an unstable economy often want to move dollars or euros out of the country so did the managers of multinational firms you want to move his country profits back to their home countries but the house country government won't hard money to stay within its own economy what kind of investment barriers with the government of the unstable country apply ?


a. Import license


b. Tariff


c. Quota


d. Currency control


e. Technical standard


7. The US government imposes an upper limit of roughly 2,000,000 pounds and the total amount of sugar that can be imported into the United States each year this trader station is an example of A(n) _______.


a. Import tariff


b. Tax


c. Export tariff


d. Anti dumping duty


e. Nontariff trade Barrier


8. Do United States generally block sales of nuclear and military technologies to the countries it deems state sponsors of terrorism such as Iran Libya and Syria this example of government intervention is known as a(n)_______.


a. Export tariff


b. Subsidy


c. Export control


d. Quota


e. Currency control


9. ______ are taxes imposed by government on importer problem?


a. Quotas


b. Embargoes


c. Tariffs


d. Non tariffs barriers


e. Customs


10. The nation of sweet tooth is the largest exporter of sugar in the world through subsidiaries and other interventions the government makes it possible for sugar produces to export a very low prices even occasionally below production cost. sugar producers in the nation of Dentistland cannot compete with these low prices so they pressured the dentistland government to impose a fee on imported sugar in order to raise the price of sugar from sweettooth. this intervention by the dentistland government is a(n) _____.


a. Export tariff


b. Quota




d. Anti-dumping duty


e. Currency control


11. Estefan Negron wants to expand his pet food company into a neighboring nation. But the target country imposes a very high tariff on pet food . Estafon intuitively chooses a different approach building a processing plant to manufacture pet food in the house country. The plan is in the capital city where there are no special subsidies for foreign direct investment which of the following statements is correct.


a. Research to gather knowledge and intelligence


b. Choose the most appropriate entry strategy


c. Take advantage of foreign trade zone


d. Seek favorable Customs classification


e. Take advantage of investment incentive


12. Which of the following options is the proactive version of the infant industry rationale?


a. Protection of the national economy


b. Export control


c. National security


d. National culture and identity


e. National strategic priority


13. Which of the following is true of foreign trade zone (FTZ)?


a. It receives good ls meant for export


b. Products in a FTZ are subject to high tariffs


c. FTZs are created by industries


d. All FTZs are of the same size


e. FTZs are used to assemble finished products needed in the same location


Which of the following courses of action should managers use to review the return on investment criteria to account for the increased cost and risk of trade and investment barriers?


a. Choose the most appropriate entry strategys


b. Take advantage of foreign trade zone


c. Take advantage of investment and senators and other government support programs


d. Lobby for freer trade and investment


e. Research together knowledge and intelligence


15. Brazil has many sugar producers. The European Union Imposes tariffs on sugar sometimes as much as 160% . The terrace make Brazilian sugar more expensive in the EU , therefore less is sold . Brazilian workers lose potential income hey serious shortfall and I medium income country. The purpose of the tarrifs appears to be protection of sugar production in the EU. some special interest groups charge that the issue is willing to tolerate Foreign poverty in order to protect a domestic industry this situation illustrates how government intervention and trade barriers raise ______ concerns.


a. Currency


b. Environmental


c. Ethical


d. Marketing


e. Mercantilist


16. Which of the following countries can be categorized as an advanced economy ?


a. Zaire


b. Brazil


c. New Zealand


d. China


e. Bangladesh


17. What our family conglomerates called in Korea.


a. Business houses


b. Grupo's


c. Holding companies


d. Chaebols


e. Astra


18. The leading firms from emerging markets that are fast becoming key contenders in world markets are called _________.


a. transition economies


b. New global challenges


c. Advanced economies


d. Developing economies


e. Family conglomerates


19. ______ is also known as request for proposals (RFP).


a. Global source


b. Purchasing power parity


c. Technology


d. Privatization


e. Tenders


20. Which of the following is not among the steps followed by advanced economy firms to combat the new global challengers.


a. Set up a firm that would match the biggest family conglomerate t in the country


b. Conduct research to develop an understanding of the new challenges


c. Acquire new capabilities that improve the firms competitive advantages


d. Partnering with competitors to pool resources against emerging market rivals


e. Match global challengers at their own game by leveraging low-cost labor and skilled workers


21. Nicaragua is a low income country the poorest country in Central America many people are unemployed the economy is primarily built on textiles and apparel with not many advanced industries the investment climate is weak because of government policies and low commitment to the rule of law Nicaragua is an example of a(n) ?


a. Advanced economy


b. Developing economy


c. Post industrial country


d. Emerging markets


e. Underdeveloped market


22. What is the procurement of products from independent suppliers located abroad for consumption in the home country or a third country called ?


a. Microfianance


b. Purchasing power parity


c. Technology


d. Global sourcing


e. Privatization


23. Which of the following options accurately describes The Grameen bank.


a. A micro finance organization


b. A governmental Organization


c. A funding organization


d. Job giving. Organization


e. An international commercial bank


24. Which of the following is example of privatization.


a. Joseph Valdes doubled the size of this Tampa based business by buying all the stock of a textbook company in Panama


b. Joseph Valdes doubled the size of his Tampa based business by buying a finish web based company that helps people keep their Internet usage out of public view


c. Joseph Valdes doubled the size of his tampa based business by buying an Australian textbook company. Joseph structured the deal so that no one of his partners knew of his involvement in the transaction


d. Joseph Valdes doubled the size of his Tampa based business by buying a Singaporean textbook company and putting family members in management position


e. Joseph Valdes doubled the size of his Tampa based business by buying a former state on textbook company put up for sale by the Russian government


25. In Russia evolving governmental condition threaten the business activity of foreign firms . Bureaucratic practices favor well-connected homegrown firms. The government has the denied Western oil companies access to Russias energy resources. which of the risk of doing business in emerging markets does this situation described?


a. dominance of family conglomerates


b. Bureaucracy, Red tape, and lack of transparency


c. Partner availability and qualifications


d. Poor physical infrastructure


e. Political instability


26. In Mexico, Cemexs Patriminio Hoy program has widened access to cement and other building materials by organizing low income customers into groups of three families that monitor each others progress in constructing their own homes and collectively paying off small scale deaths at regular intervals. Patrimonio Hoy and other Cemex programs have made home ownership I reality for tens of thousands of low income Mexican families. this situation describes the contribution of _______ to alleviating global poverty.


a. Micro analysis


b. Microcirculation


c. Micro finance


d. Micro balance


e. Micro economics


27. Which of the following is not a benefit that emerging markets get from foreign investment .


a. New jobs


b. Production capacity


c. Transfer of technology


d. Linkage to global market


e. Transparency


28. Which of the following company launched the US20$ to US 40$ per night hotel in India.


a. Amul


b. Micromax


c. Narayana Hrudayalaya


d. Tata


e. Proctor and Gamble


29. Which of the following is an example of economic success in Africa.


a. In Niger less than 11% of eligible you are enrolled in secondary school


b. Orascom, Millicom, and other Telecom firms are establishing cell phone operations from Egypt to south Africa applying business models that allow them to earn profits even in countries where people live on less than two dollars a day


c. Decreases and mount nutrition and Cameron have been accompanied by increases in income equality


d. Zimbabwe has very low per capita spending on water and sanitation


e. Ethiopia and Nigeria are among the 10 countries in the world with the largest number of illiterate adults


30. In South Korea, a typical chaebol may hold the largest market share and each of several industries. The top 30 charbols Account for nearly half the economys assets and industry revenues. Samsung is perhaps the most famous example. Corporations like Samsung enjoy various competitive advantages in their home countries such as government protection and support extensive networks in various industries superior market knowledge and access to Capital . A South Korean chaebol with a limited ownership structure is an example of a family _________.


a. Congregation


b. Collection


c. Congress


d. Concentration


e. Conglomerate


31. If India exports tractors to Chile money flows out of Chile and into India because the tractor importer in Chile pays the exporter in India this results in a surplus Item in India's balance of trade and a deficit Item in Chiles balance of trade if the total value of chilies imports from India becomes greater than the total value of chilies exports to India chili will have A trade ________ with India.


a. Deficit


b. Appreciation


c. Surplus


d. Devaluation




32. Which of the following is a component of the global financial system .


a. United nations organization


b. International monetary fund


c. World trade organization


d. United nations educational social and cultural organization


e. North Atlantic Treaty organization


33. Research shows that national debt that exceeds 90% of the nations GDP tends to diminish GDP growth , which exacerbates Government debt. As the government tries to pay down it's the money is drawn out of the national money supply which hinders economic activity and reduces tax revenues . which of the following countries does not phase a threat to fiscal solvency because of national debt.


a. Greeces national debt is $556 billion. And it's GDP is $1.8 trillion


b. Italy's national debt is $2.2 trillion and it's GDP is $1.8 trillion


c. France's national debt is $2.0 trillion and it's GDP is $2.2 trillion


d. Portugal's national debt is $279 billion and it's GDP is $249 billion


e. The United States national debt is $15.8 trillion and it's GDP is $15.1 trillion


34. When the financial crisis began in the United States in the late 2008, many hoped other economies what is escape it's harmful effects. Analyst argued that rapid GDP growth in such emerging markets as Brazil China and India would continue helping to lift sinking finances world wide. but many nations could not avoid contagion and it's wicked effects before the crosses policymakers and business people thought that more worldwide connection was good from this perspective these connections are an example of which of the following causes of growing integration of financial and monetary activity worldwide.


a. The growing role of single currency systems


b. Increased global and regional interdependence of financial


c. The development of new tech knowledge ease and payment systems


d. The evolution of monetary and financial regulations worldwide


e.The use of the Internet in global financial activities


35. Which of the following represents an important source of risk and uncertainty in the global business environment?


a. Monetary intervention


b. Devaluation


c. Balance of payment


d. Capital flight


e. Fiscal imbalance


36. China pegs its currency to the value of a basket of currencies Belize pegs its currency to the US dollar . to maintain they pay the government of China and Belize for instants will intervene in currency markets to buy and sell dollars and other currencies to maintain the exchange rate at a present level. this system is known as the ________ exchange rate system?


a. Fianacial


b. Floating


c. Fortified


d. Foreign


e. Fixed


37. Which of the following situations arises when a national government borrows an excessive amount of money either from banks or from the sale of government bonds ?


a. Currency crisis


b. Monetary intervention


c. DeEvaluation


d. Foreign debt crisis


e. Banking crisis


38. There is an organization that is the home market for shares of ownership and such firms as Toyota. Sony and Canon and The major vehicle through which some 2000 Japanese firms raise capital to fund their business activities. these Japanese MNEs also raise capital by issuing interest-bearing certificates. This situation describes which key player in the monetary and financial systems ?


a. A regional economic integration bloc


b. Nations


c. Joint ventures


d. National stock exchanges and bond markets


e. Firms


39. Which of the following countries uses the fixed exchange rate system today ?


a. United States


b. Japan


c. China


d. Canada


e. United Kingdom


40. According to the international monetary fund which of the following countries has the lowest gross percentage of debt as a percentage of GDP .


a. Japan


b. Greece


c. Italy


d. Portugal


e. Egypt


41. Which of the following times describes the increase in the price of goods and services so that money buys less than in proceeding years.


a. Inflation


b. Herding


c. Devaluation


d. Dollarization


e. Capital flight


42. If Germany exports cars to Kenya money flows out of Kenya and into Germany because the car importer in Kenya pays the exporter in Germany this results in a surplus item in Germany's balance of trade and a deficit Item in Kenya's balance of trade if the total value of Germany's exports to Kenya's become greater then the total value of Kenya's exports to Germany Germany will have a trade _____ with Kenya.


a. Appreciation


b. Expansion


c. Deficit


d. Devaluation


e. Surplus


43. Which of the following helps managers decide which international projects provide the best financial return?


a. Multilateral netting


b. Equity financing


c. Capital budgeting


d. Intracorporate pricing


e. Debt financing


44. What is the exchange rate applicable to the collection or delivery of a foreign currency at some future date .


a. Forward rate


b. Direct quote


c. Spot rate


d. Currency option


e. In direct quote


45. You end a business partner have decided to start a new company that will offer services to Canada Mexico and the United States to obtain the funds needed to start a business you and your partner have applied for a bank loan in this scenario you and your partner have obtained capital through _________.


a. Transfer pricing


b. Multilateral netting


c. Debt financing


d. Equity financing


e. Intracorporate financing


46. Mark is involved in foreign exchange trading in the US and he has just received information that today it will cost him $1.30 US dollars to acquire one euro what type of information has Mark received.


a. A direct quote


b. A hearder


c. A hedger


d. An indirect quote


e. A forward right


47. Mitsuko is carefully considering her companies transaction exposure translation exposure and economic exposure in light of recent exchange rate fluctuations Mitsuko's job focuses on which step of international financial management ?


a. raising funds for the firm


b. Managing Currensy risk


c. Performing capital budgeting


d. Deciding on the capital structure


e. Managing working capital and cash flow


48. Hey firm that wants to obtain capital without going into debt will be looking to sell company stock in the global ______ market?


a. Bond


b. Money


c. Loan


d. Equity


e. Capital


49. Kobey is a financial manager for a large MNE. she has arrange for the patent firm to deposit money in a foreign bank in a country that has low corporate income taxes. The bank will then when the money to one of the companies foreign subsidiaries. In this case Kobey is utilizing which strategy for transferring funds within and MNE?


a. Trade credit


b. Dividend remittances


c. Royalty payments


d. Fronting loans


e. Transfer pricing


50. Janets company is affected by a tax that accumulates at each stage of processing in the value chain of its products. The tax is collected as a percentage of the difference between the sale and the purchase price of a product each business in the product value chain is required to build this text to its customers and pay the tax on it's purchases crediting the amount they paid against the amount due on it's own activities this situation illustrates which type of international taxation?


a. Sales tax


b. Indirect tax


c. Value-added tax


d. Direct tax


e. Corporate income tax.



1) How is TPS translated into tools and actions at the plant? (Develop a bullet list of philosophies, personnel management, processes, tools, and actions that reflect TPS in action. It would be very helpful if you tried to categorize them or group them in some way - perhaps reference the "house of lean") 2) Develop a current state (as is) process map for how seat problems are currently processed and managed, starting from where the seat defect is detected through "resolution" of the problem. On your map, identify activities that you believe deviate from "TPS" and/or need to be improved. You can use any mapping technique you think makes sense such as a flow chart, a value stream map, a process map like the one we are using for the individual project, etc. You just need to ensure that whatever "map" you present visually describes what is going on and identify opportunities for improvement (problems). 3) Who is responsible for the majority of seat defects? Can you be sure? Is the answer really clear? 4) As stated in the case, the desired system cycle time (TAKT time) is 57 seconds. Assuming a 100% run rate (no downtime) and 450 minutes per shift, how many cars are produced per shift? 5) Assume a run ratio of 85% (i.e., the lines are down 15% of the total shift time.) Though there were many andon pulls during the shift, assume only 30 of these pulls resulted in an actual line stoppage during the shift. a) How much downtime is there for the shift? b) How many cars are lost during the shift? c) What is the average downtime per line stoppage? 6) What is the average cost of line stoppages? Based on the cost, are the line stoppages resulting from the seat defect Andon pulls justified? 7) There are at least three major issues and/or processes related to the "seat defects" problem that you should assess and/or improve. For each major area below, discuss how you would improve/change the process. Identify at least two ideas/options for each of the three scenarios and discuss the advantage(s) and disadvantage(s) of each option. a) Assuming that the plant continues to use the clinic and overflow areas for seat defects, how would you process cars/seats in these areas? How would you specifically improve the process and/or layout in this area? b) Assuming that seat defects continued to occur despite your efforts to eliminate seat defects, discuss how you would process the seat defects in real time when they defects are actually detected in the assembly line. c) How would you eliminate (or at least minimize the number of) seat defects? That is, how will you prevent future seat defects from even occurring? 8) Assume you successfully implement your plans above, yet on occasion a seat defect still occurs. Develop a future (desired) state map for how you would process and manage seat defects after the defect is detected. 9) Besides the specific seat issue, does Doug Friesen face any implementation or other challenges implementing TPS at his plant? Hint: Think culture and management structures. What steps would you take to address this (these) problem(s)? 10) This question requires the development of an A3 report, in the correct format and with all necessary components. Develop an A3 problem solving report for just the seat defect problem. This should not address the cultural issues. You can use the current state map developed in question 2 to represent the current situation. For the root cause analysis you must develop a fishbone diagram, and a pareto chart indicating the biggest defect categories. You can just make up some reasonable dates for the implementation plans..

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