International Business Quiz

What is a transnational corporation?

• A company that operates in one country with a decentralized management structure.

• A company that operates in multiple countries with a centralized management structure.

• A company that operates in multiple countries with a decentralized management structure.

• A company that operates in one country with a centralized management structure.

What are Export Processing Zones (EPZs) often criticized for?

• High wages and excellent working conditions.

• Low wages and poor working conditions.

• High taxes and strict regulations.

• Limited access to transportation hubs.

Which of the following is an example of an Export Processing Zone (EPZ)?

• Silicon Valley (USA)

• Shenzhen Special Economic Zone (China)

• Tokyo Financial District (Japan)

• Berlin Tech Hub (Germany)

What is the new international division of labor?

• High-skilled jobs are outsourced to developing nations.

• Low-cost manufacturing is kept in developed countries.

• High-skilled jobs remain in developed countries, while low-cost manufacturing is outsourced to developing nations.

• All jobs are equally distributed across all countries.

Who was the architect of China's economic transformation in the late 20th century?

• Mao Zedong

• Deng Xiaoping

• Xi Jinping

• Hu Jintao

What significant change did Deng Xiaoping introduce to China's economy?

• Nationalization of all industries

• Introduction of special economic zones

• Complete isolation from foreign trade

• Abolishment of private companies

What has been one of the costs of China's rapid economic growth?

• Decrease in population

• Environmental degradation

• Loss of cultural heritage

• Decline in technological advancement

What is a major concern of foreign companies regarding China's trade policies?

• Lack of skilled labor

• Excessive government control

• High taxation rates

• Limited market size