Washburn University

BU 355

Chapter 1

1)Ryan is the executive general manager of a U.S. multinational and Veronica is a manager in a similar position, but works for another U.S. company that operates only in its home country. In this context, which of the following business functions will be most typically exclusive to Ryan?

 

2. An argument in support of the falling barriers to international trade and investment is that the falling barriers:
3. The minimum that a firm has to do to engage in international business is to:

 

4. Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This most likely demonstrates that:

 

5. Supporters of globalization insist that dislocation in the form of lost jobs is a trade-off that will ultimately lead to the economy being better off. Which of the following is being justified in this case?

 

6. Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do business with former communist nations of East Europe and central Asia?

 

7. Which of the following is the most appropriate solution to the problem of rising carbon dioxide emissions in developed economies?

 

 In the context of the environment, globalization critics argue that:

8. For foreign direct investment (FDI) to occur, a firm should primarily:

 

9. Which of the following is NOT a concern for managers in international businesses?

 

10. The motive behind the high tariffs imposed by nations on imports of manufactured goods, prior to World War II, was to:

 

11. Which of the following best exemplifies foreign direct investment (FDI)?

 

12. Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets?

 

13. According to many influential economists, the increase in international trade and cross-border investment will result in an increase in the prices of goods and services.

 

14. West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice demonstrates the:

 

15. Which of the following is a power of the WTO?

 

16. While the lowering of trade barriers made globalization of markets and production a theoretical possibility, which of the following has made it a tangible reality?

 

17. Which of the following reasons contributed to the Great Depression of the 1930s?

 

18. Which of the following statements reflects the trend in the changing nature of multinational enterprises?

 

19. Why was the World Bank set up?

 

20. It is possible that economic growth in developed nations has offset the fall in the share of national income enjoyed by unskilled workers, raising their living standards.

 

 

21. "Exporting jobs" to low-wage nations has contributed to:

 

22. Free trade alone, some argue, is a necessary but not sufficient prerequisite to help the world's poorest countries bootstrap themselves out of poverty. They also recommend:

 

23. The lowering of trade and investment barriers:

 

24. Throughout the 1990s, the amount of investment directed at both developed and developing nations increased dramatically.

 

25. As a result of globalization, international businesses can avoid the haggle of currency exchanges during cross-border transactions.

 

26. Silver Fire Electric Inc., a U.S.-based company, has productive activities in more than two countries. As a result, it would be most appropriate to refer to Silver Fire Electric as what type of enterprise?

 

27. Which of the following has been declining in the developing nations of the world such as China, India, Russia, Indonesia, Thailand, South Korea, Mexico, and Brazil?
28. For foreign direct investment (FDI) to occur, a firm should primarily:

 

29. Which of the following refers to the total cumulative value of foreign investments?

 

30. Which of the following identifies the motivation for much of the foreign direct investment by non-U.S. firms?

 

31. Critics of globalization say that exporting jobs to low-wage nations results in higher unemployment and lower living standards in their home nations. Which of the following statements does NOT support this argument?

 

32. Which of the following services CANNOT be outsourced to foreign nations?

 

33. Gerald bought his son, David, a computer two years ago. Recently, he decided to buy his daughter, Julian, a computer of her own. In the context of the two-year gap between the purchase of both the computers and Moore's law, it is most likely that:

 

 

34. The growing income inequality is a result of the wages for skilled workers being discounted.

 

35. Which of the following refers to the total cumulative value of foreign investments?

 

36. Michelle, an Italian fashion designer, sells her merchandise by exporting them to the United States, United Kingdom, and Brazil. According to this information, Michelle is most likely involved in:

 

37. What are mini-multinationals?

 

38. Which of the following is most likely to be observed in today's global economy?

 

39. Which of the following statements reflects the nature of the global economy of the twenty-first century?

 

40. Which of the following is an argument put forth by critics of the IMF?

 

41. The real costs of information processing and communication have fallen dramatically in the past two decades.