University of Houston INTB 3355 Chapter 5: 1)Factor conditions are a combination of natural resources that a country inherits, and resources a country can mold, such as labor force and infrastructure

University of Houston

INTB 3355

Chapter 5:

1)Factor conditions are a combination of natural resources that a country inherits, and resources a country can mold, such as labor force and infrastructure.

1. True
2. False

2: The differences in climatic conditions among a firm’s markets have limited impact on its product mix.

1. True
2. False

3: The principal nonrenewable energy sources are the fossil fuels and nuclear power.

1. True
2. False

4: Environmental sustainability is an economic state in which the demands placed on the environment can be met without reducing the environment’s ability to provide for future generations.

1. True
2. False

5: The traditional input-process-output economic business model provides a helpful framework for thinking about environmental sustainability as it relates to business.

1. True
2. False

6: Porter’s diamond model considers four aspects of a country’s economic environment that affect its competitive position. Which of the following is not one of them?

1. Factor conditions
2. Related and supporting industries
3. Demand conditions and firm strategy
4. Ethics

7: In more densely populated nations, it is not very costly to market and distribute products. Which of the following option does not substantiate the reason for such low costs?

1. Population centers are closer
2. Communication systems are better
3. More people are available for employment
4. Improved prospecting equipment

8: Waterways that provide access to interior regions are                        .

1. rhine waterways
2. inland waterways
3. outlet waterways
4. remote waterways

9: Which of the following is a renewable source of energy?

1. Biomass
2. Natural gas
3. Coal
4. Petroleum

10: Which of the following is not one of the characteristics of evolving sustainable business practices that are widely agreed upon?

1. Limits
2. Interdependence
3. Values and principles
4. Equity in distribution

11: Geography includes all of the following except                   .

1. Climate
2. Natural resources
3. National economies
4. Topography

12: Which of the following is not a factor of an environmentally sustainable business?

1. They recognize the limits on resources.
2. They build on the differences in the distribution of gains for competitive advantage.
3. They understand that ecological, economic, and social systems are interrelated.
4. They need to set limits on how their operations affect the environment.

13: Porter’s Diamond Model addresses each of the following except                    .

1. Basic factors and advanced factors
2. Demand conditions
3. A firm’s strategy, structure, and rivalry
4. The culture of foreign markets

14: The Koyto Protocol calls for which of the following?

1. Greater use of water transportation to bring foreign goods to Japan.
2. Japan and its neighboring countries to enter into favorable trade agreements.
3. Nations to build more nuclear power plants and to increase use of nuclear fuel.
4. Nations to reduce global warming by reducing gas emissions.

15: Stakeholder Theory suggests which of the following?

1. Tensions among stakeholders can be balanced.
2. Creating stakeholder profit is the primary goal of the firm.