D080 UNIT 2 TEST, LEARNING CHECKS AND
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
1. Which effect does a command economy have
The government is
on the process of globalization?
less flexible, so the
globaliza- tion process
2. A company is conducting a legal risk analysis is challenged.
for a country that has a civil law system.
It is based on a detailed
Which statement accurately characterizes this
set of laws that form a
legal system?
code.
3. Which fact should a company opening its operations in The state has
a mixed law
the U.S. state of Louisiana note? system.
4. Which core principle of the World Trade Most-favored-nation (MFN)
Organization supports equality among status
member nations and helps fight
discrimination among them?
5. What is true regarding free trade? Free trade leads to
spe- cialization of each
country and increases
production eflciency.
6. Countries A and B participate in trade agreements that
Increases allow free trade among participant
countries. However, Country A imposed quotas on
several imported prod-
ucts to protect its domestic products.
What is the effect, if any, on the domestic prices
of these products?
,D080 UNIT 2 TEST, LEARNING CHECKS AND
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
7. How do governments help companies offset Subsidies
the cost of manufacturing domestically?
8. What would a mercantilist value the most? A trade surplus
9. Acquisition of resources
, D080 UNIT 2 TEST, LEARNING CHECKS AND
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
A multinational corporation has manufacturing
facil- ities in many Asian countries due to
cheaper labor.
Which strategy is the corporation using?
10. A firm in Country A exports products to Country B. The More valuable
export sales
currency in Country B is strong relative to the
currency in Country A. What does this mean for
the firm?
11. How is global business positively affected by It increases worldwide
intercul- tural exchange? connections that
support commodity
trading.
12. How does globalization support tolerance for different By increasing
the access to
people and ideas? information
13. A business has recently started selling in a will levy a tax based on the
new glob- al marketplace. Shortly after the value of goods import-
company made this
global expansion, the new country opted to implement ed, causing
this company
ad valorem tariffs. How will this change affect the com- to export
less.
pany?
14. Which business component does the TRIPS agreement Intellectual
property pro-
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
1. Which effect does a command economy have
The government is
on the process of globalization?
less flexible, so the
globaliza- tion process
2. A company is conducting a legal risk analysis is challenged.
for a country that has a civil law system.
It is based on a detailed
Which statement accurately characterizes this
set of laws that form a
legal system?
code.
3. Which fact should a company opening its operations in The state has
a mixed law
the U.S. state of Louisiana note? system.
4. Which core principle of the World Trade Most-favored-nation (MFN)
Organization supports equality among status
member nations and helps fight
discrimination among them?
5. What is true regarding free trade? Free trade leads to
spe- cialization of each
country and increases
production eflciency.
6. Countries A and B participate in trade agreements that
Increases allow free trade among participant
countries. However, Country A imposed quotas on
several imported prod-
ucts to protect its domestic products.
What is the effect, if any, on the domestic prices
of these products?
,D080 UNIT 2 TEST, LEARNING CHECKS AND
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
7. How do governments help companies offset Subsidies
the cost of manufacturing domestically?
8. What would a mercantilist value the most? A trade surplus
9. Acquisition of resources
, D080 UNIT 2 TEST, LEARNING CHECKS AND
QUIZZES & DETAILED COMPLETE SOLUTIONS
ALL PASSED
A multinational corporation has manufacturing
facil- ities in many Asian countries due to
cheaper labor.
Which strategy is the corporation using?
10. A firm in Country A exports products to Country B. The More valuable
export sales
currency in Country B is strong relative to the
currency in Country A. What does this mean for
the firm?
11. How is global business positively affected by It increases worldwide
intercul- tural exchange? connections that
support commodity
trading.
12. How does globalization support tolerance for different By increasing
the access to
people and ideas? information
13. A business has recently started selling in a will levy a tax based on the
new glob- al marketplace. Shortly after the value of goods import-
company made this
global expansion, the new country opted to implement ed, causing
this company
ad valorem tariffs. How will this change affect the com- to export
less.
pany?
14. Which business component does the TRIPS agreement Intellectual
property pro-
