MGT 4380 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+
1) Which of the following is characterized by networks of international
linkages that bind countries, institutions, and people in an interdependent
economy? Ans✓✓✓A) communism
B) nationalization
C) socialism
D) globalization
Answer: D
2) ________ results from the lessening of trade barriers and the
increased flow of goods and services, capital, labor, and technology
around the world. Ans✓✓✓A) Economic integration
B) Nationalization
C) Protectionism
D) Mercantilism
Answer: A
3) In which of the following groups of trade blocs does most of today's
world trade take place? Ans✓✓✓A) Middle East, China, and India
B) North America, Africa, and Canada
C) Western Europe, Asia, and the Americas
,D) Saudi Arabia, Western Europe, and the Gulf
Answer: C
4) The European Union currently consists of how many nations?
Ans✓✓✓A) 12
B) 27
C) 34
D) 46
Answer: B
5) Which of the following is a true statement about China? Ans✓✓✓A)
The Chinese government's shift from communism to capitalism has led
to an increase in FDI.
B) China attracts FDI because the government has eliminated elaborate
bureaucracies.
C) The Chinese government manipulates market activities for political
purposes.
D) China lacks an educated pool of employees due to slowly developing
industrialization.
Answer: C
,6) Which of the following countries is today known as the world's
services supplier, providing highly skilled and educated workers to
foreign companies? Ans✓✓✓A) China
B) Brazil
C) Mexico
D) India
Answer: D
7) Which is the fourth largest trading bloc after the EU, NAFTA, and
ASEAN and established in 1991? Ans✓✓✓A) SAARC
B) ASEAN
C) NAFTA
D) MERCOSUR
Answer: D
8) Emerson is a global manufacturing company headquartered in St.
Louis, Missouri. The company employs almost 130,000 workers at its
250 manufacturing facilities located on five different continents.
Emerson manufactures a wide range of products including air-
conditioning compressors, garbage disposers, and automotive parts.
Emerson's Asian operations employ over 50,000 people at
manufacturing facilities in Asia. Emerson needs to build a new
manufacturing facility to produce automotive parts for cars
manufactured in Detroit. Emerson executives are considering whether to
, build the new facility in China or in the United States. Which of the
following, if true, supports the argument to build a new Emerson facility
in China? Ans✓✓✓A) The Chinese courts recently ruled in favor of an
MNC in an intellectual property rights lawsuit.
B) The Chinese Commonwealth network is investing large amounts of
capital in China.
C) China has increased Internet controls and blocked most international
search sites.
D) China is revoking its membership from the World Trade
Organization.
Answer: A
9) Emerson is a global manufacturing company headquartered in St.
Louis, Missouri. The company employs almost 130,000 workers at its
250 manufacturing facilities located on five different continents.
Emerson manufactures a wide range of products including air-
conditioning compressors, garbage disposers, and automotive parts.
Emerson's Asian operations employ over 50,000 people at
manufacturing facilities in Asia. Emerson needs to build a new
manufacturing facility to produce automotive parts for cars
manufactured in Detroit. Emerson executives are considering whether to
build the new facility in China or in the United States. Which of the
following, if true, undermines the argument to build a new Emerson
facility in China? Ans✓✓✓A) China has committed over $500 billion to
infrastructure projects.
B) U.S. firms continue outsourcing service jobs despite the economy.
C) Fuel costs in China have risen sharply and are not expected to drop.
(VERIFIED ANSWERS) ALREADY GRADED A+
1) Which of the following is characterized by networks of international
linkages that bind countries, institutions, and people in an interdependent
economy? Ans✓✓✓A) communism
B) nationalization
C) socialism
D) globalization
Answer: D
2) ________ results from the lessening of trade barriers and the
increased flow of goods and services, capital, labor, and technology
around the world. Ans✓✓✓A) Economic integration
B) Nationalization
C) Protectionism
D) Mercantilism
Answer: A
3) In which of the following groups of trade blocs does most of today's
world trade take place? Ans✓✓✓A) Middle East, China, and India
B) North America, Africa, and Canada
C) Western Europe, Asia, and the Americas
,D) Saudi Arabia, Western Europe, and the Gulf
Answer: C
4) The European Union currently consists of how many nations?
Ans✓✓✓A) 12
B) 27
C) 34
D) 46
Answer: B
5) Which of the following is a true statement about China? Ans✓✓✓A)
The Chinese government's shift from communism to capitalism has led
to an increase in FDI.
B) China attracts FDI because the government has eliminated elaborate
bureaucracies.
C) The Chinese government manipulates market activities for political
purposes.
D) China lacks an educated pool of employees due to slowly developing
industrialization.
Answer: C
,6) Which of the following countries is today known as the world's
services supplier, providing highly skilled and educated workers to
foreign companies? Ans✓✓✓A) China
B) Brazil
C) Mexico
D) India
Answer: D
7) Which is the fourth largest trading bloc after the EU, NAFTA, and
ASEAN and established in 1991? Ans✓✓✓A) SAARC
B) ASEAN
C) NAFTA
D) MERCOSUR
Answer: D
8) Emerson is a global manufacturing company headquartered in St.
Louis, Missouri. The company employs almost 130,000 workers at its
250 manufacturing facilities located on five different continents.
Emerson manufactures a wide range of products including air-
conditioning compressors, garbage disposers, and automotive parts.
Emerson's Asian operations employ over 50,000 people at
manufacturing facilities in Asia. Emerson needs to build a new
manufacturing facility to produce automotive parts for cars
manufactured in Detroit. Emerson executives are considering whether to
, build the new facility in China or in the United States. Which of the
following, if true, supports the argument to build a new Emerson facility
in China? Ans✓✓✓A) The Chinese courts recently ruled in favor of an
MNC in an intellectual property rights lawsuit.
B) The Chinese Commonwealth network is investing large amounts of
capital in China.
C) China has increased Internet controls and blocked most international
search sites.
D) China is revoking its membership from the World Trade
Organization.
Answer: A
9) Emerson is a global manufacturing company headquartered in St.
Louis, Missouri. The company employs almost 130,000 workers at its
250 manufacturing facilities located on five different continents.
Emerson manufactures a wide range of products including air-
conditioning compressors, garbage disposers, and automotive parts.
Emerson's Asian operations employ over 50,000 people at
manufacturing facilities in Asia. Emerson needs to build a new
manufacturing facility to produce automotive parts for cars
manufactured in Detroit. Emerson executives are considering whether to
build the new facility in China or in the United States. Which of the
following, if true, undermines the argument to build a new Emerson
facility in China? Ans✓✓✓A) China has committed over $500 billion to
infrastructure projects.
B) U.S. firms continue outsourcing service jobs despite the economy.
C) Fuel costs in China have risen sharply and are not expected to drop.
