International Business Management

_______ are the two macro factors that seem to underlie the trend toward greater globalization.

• Economic Stability and Technological Change

• 
  Economic Stability and Capitalism

• Free flow of goods and Global Production

• Free flow of goods and Technological Change

Collectively, we refer to political, economic, and legal systems as constituting the _______ economy of a country.

• 
  Legislative

• 
  Governing

• 
  Political

• Administrative

Political systems that emphasize _______ tend towards totalitarianism, while _______ tend to be democratic.

• individualism; collectivism

• 
  collectivism; individualism

• 
  individualism; socialism

• 
  theocracy; capitalism

Modern __________ trace their intellectual roots to Karl Marx.

• 
  Separatists

• 
  Capitalists

• Socialists

• 
  Federalists

Abstract ideas about what a society believes to be good, right and desirable, are

• 
  Values

• Mores

• Folkways

• Politics

_______ enable(s) a manager to walk away from a decision that is profitable.

• 
  Human resources

• Economic self-sufficiency

• Moral courage

• Kantian Discipline

This trade agreement involves Canada, USA and Mexico.

• 
  NAFTA

• 
  CUSMA

• MERCOSUR

• GATT

_______ occurs when a firm invests directly in facilities to produce and/or market a product in a foreign country.

• Foreign direct investment

• 
  Exporting

• Importing

• Fixed capital formation

Which of these is the least integrated level of economic integration?

• A common market

• 
  An economic union

• A customs union

• A free trade area

Many of the ethical issues and dilemmas in international business are rooted in the fact that _______ vary/varies significantly from nation to nation.

• political systems

• Culture

• law

• economic development

• All of these answers are correct