International Business 10th Mar

Which of the following is an example of globalization of production?

• A) Canadian consumers who import food products from Australia

• B) A German company which sells car components to British car makers

• C) A U.S. company that builds a computer hardware manufacturing facility in India

• D) A Swiss watch manufacturer that builds a manufacturing facility in Switzerland

Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________.

• A) elevation of nationalism

• B) rise of closed economies

• C) political stagnation

• D) technological innovation

Ethnocentricity can be defined as the ________.

• A) scientific description of individual human societies

• B) systematic study of an ethnic group's religious core

• C) merging of all ethnic practices into one homogeneous culture

• D) belief that one's own ethnic group or culture is superior to that of others

Bob is a journalist who intends to spend the next five months exploring Konesia. In order to be able to fit in with the locals, he studies their culture in detail. He familiarizes himself with their tastes and preferences, takes note of their taboos, and memorizes many of their sayings and phrases. Which of the following terms best describes his actions?

• A) material culture

• B) popular culture

• C) cultural imperialism

• D) cultural literacy

Which of the following terms is used to refer to the positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts?

• A) customs

• B) attitudes

• C) traditions

• D) values

Scenario: The French Government

The French Government has placed many restrictions upon the use of the English language within their borders. They argue that the inflow of English movies, music, and literature is responsible for the dilution of their rich culture.

Which of the following statements, if true, strengthens their argument?

• A) The Education Board of France has made it mandatory for schools to teach students English as a second language.

• B) The sales of English novels have risen sharply, while those of French novels have declined to a corresponding extent.

• C) Stores now advertise their presence with two placards; one in English and one in French.

• D) French fashions are no longer popular in English speaking countries.

Scenario: The French Government

The French Government has placed many restrictions upon the use of the English language within their borders. They argue that the inflow of English movies, music, and literature is responsible for the dilution of their rich culture.

Their argument is vulnerable to criticism because ________.

• A) most restaurants still display their menu cards in French

• B) they fail to take other social and cultural factors into account

• C) they do not distinguish between movies made by studios in England and movies made in Hollywood

• D) no other country screens French movies or star French actors

When Cleanshot USA, a photography products company, decided to enter the international arena, it chose Russia as its main market. Although Russia has been in transition for years, Cleanshot managers believe their company has tremendous opportunities there.

Which of the following challenges is Cleanshot most likely to face in Russia?

• A) organized crime

• B) too many competitors

• C) low demand for the products of non-Russian companies

• D) fading underground economy

An investor wants to invest in a country that has a high gross national income (GNI). Which of the following countries would most likely qualify as a prospect?

• A) Nepal

• B) India

• C) Japan

• D) Vietnam

Which of the following would characterize a nation with high degree of economic freedom?

• A) low tariffs

• B) strict trade policies

• C) government interventions

• D) flourishing black markets