23F Competing in a Global Marketplace - Take Home

What is a global vision for U.S. managers?

• a) It's unnecessary for U.S. managers

• b) It means recognizing international opportunities and threats

• c) It focuses on domestic competition

• d) It emphasizes geographic and political barriers

Over the past three decades, world trade has:

• a) Declined significantly

• b) Remained relatively stable

• c) Increased from $200 billion to over $1.4 trillion annually

• d) Varied unpredictably

U.S. companies play what kind of role in global trade?

• a) Minor role

• b) Insignificant role

• c) Major role

• d) Passive role

What percentage of Starbucks stores are international locations?

• a) About one-third

• b) About one-half

• c) About two-thirds

• d) Less than 10%

In U.S. markets, what is the main source of competition for U.S. manufacturers?

• a) Local startups

• b) Government regulations

• c) Foreign companies

• d) Consumer preferences

What has been the growth rate of trade-dependent jobs compared to U.S.-dependent jobs in the United States?

• a) Trade-dependent jobs have decreased

• b) Trade-dependent jobs have grown at the same rate as U.S.-dependent jobs

• c) Trade-dependent jobs have grown at a slower rate

• d) Trade-dependent jobs have grown at a rate three times faster

What is the balance of trade for a country?

• a) The total value of its imports

• b) The difference between the value of its exports and imports

• c) The total value of its exports

• d) The difference between the value of its imports and the balance of payments

What is the balance of payments?

• a) The difference between a country's total payments to and its total receipts from other countries

• b) The difference between the value of a country's exports and imports

• c) The total value of a country's imports

• d) The total value of a country's exports

Countries typically want their balance of trade to be: 

• Positive

• Negative

• Neutral

• Binary

Countries have a trade surplus if their balance of trade is: 

• Positive

• Negative

• Neutral

• Binary