WorksheetsInternational Business Week 9.5
Total questions: 33
Worksheet time: 19mins
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
__________ is a ratio or rate of return concept.
A. Profitability
B. Performance
C. Cash flow
D. Efficiency
A strategy that focuses on lowering production costs is referred to as a:
A. differentiation strategy.
B. cost minimization strategy.
C. low cost strategy.
D. efficiency strategy.
From the statement below, which is best describe the importance of size quota in International Monetary Fund (IMF)?
To promote international monetary cooperation
To facilitate the expansion and balance growth of international trade
To determine its voting power within the IMF
To assist in the establishment of a multilateral system of payment
Amazon.com has spent enormous sums developing and maintaining its Web site and building its customer base. Because many of these costs are fixed, the company expands its sales. Moreover, the marginal cost of adding an additional product line to its Web site is relatively small. Accordingly, the company has expanded from books to compact disc to videos to auctions.
From the explanation above, Amazon.com competing in the global marketplace has numerous ways of obtaining a sustainable competitive advantage through ……………..
Owning Intellectual Property Rights
Investing in Research and Development
Achieving Economies of Scale
Exploiting the experience Curve
Which from the list are major components of balance of payment (BOP) accounting system?
i.Errors and Omissions
ii. Portfolio Investment
iii. Official Reserves
iv.Foreign Direct Investment
i and ii
i and iii
ii and iii
ii and iv
Profit growth can be achieved through ________
increase cost
decrease cost
add value and raise prices
enter new markets
The two basic strategies for creating value are ________
value and cost
differentiation and low cost
profitability and profit growth
R&D and production
The following is the component of support activities EXCEPT _________
Information system
Logistics
Human resources
R & D
Organization architecture include the following EXCEPT
Processes
Control & incentives
Market conditions
Organization culture
The devices used to reward appropriate managerial behavior is known as ___________
processes
people
culture
incentives
Which strategy is make sense when the firm faces strong pressures for cost reductions and demands for local responsiveness are minimal?
Global standardization strategy
Localization strategy
Transnational strategy
International strategy
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
Globalization
Privatization
Decentralization
Heterogenization
A country’s strategy for dealing with other countries is called its ________________
foreign policy
national interest
guidelines
goals
With a policy of __________________, a country focuses on its own problems and does not get involved in other countries’ issues.
isolationism
internationalism
foreign policy
national interest
Which of the following is TRUE statement to define international operation?
The set of processes and steps used by an organization in acquiring the various resources and materials
Involves the creation of goods by transforming raw materials and components parts in combination with capital, labor and technology
The extent to which organization provides its own resources pr obtains its resources from other resources
The set of activities used by an international business to transform different kinds of resource inputs ( material, labor and so forth)
What is PROTECTIONISM?
economic policy of restricting imports from other countries
economic policy of restricting exports from other countries
economic policy of imports from other countries
economic policy of exports from other countries
1.Which of the following is not part of the arguments about trade protection?
The national security
A souree of the government revenue
The potential for corruption
The protection of domestic jobs
Countries usually impose restrictions on free foreign trade to...
Protect Foreign Producers
Protect Foreign Consumers
Protect Domestic Producers
Protect Domestic Consumers
If a country allows trade and the domestic price of a good is higher than the world price...
The country will become an exporter of the good.
The country will become an importer of the good.
The country will neither import nor export
Additional information about demand is needed to determine whether the country will export or import the good.
If Brazil has a comparative advantage in producing rubber, and trade in rubber is allowed...
Brazil will become an importer of rubber.
Brazil will become an exporter of rubber.
Brazil could become either an exporter or importer.
It is impossible to determine whether Brazil will become an importer or an exporter of rubber without additional information about rubber prices.
A tariff and import quota will both...
Increase the quantity of imports and raise domestic price.
Increase the quantity of imports and lower the domestic price.
Reduce the quantity of imports and raise the domestic price.
Reduce the quantity of imports and lower the domestic price.
