BUS_53_FINAL_EXAM__CHAPTERS_1_13__QUIZZES

 Question 4 BUS 53 FINAL EXAM (CHAPTERS 1-13) QUIZZES 1 out of 1 points The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam, is referred to as the: Selected Answer: Association of Southeast Asian Nations (ASEAN). Answers: Asian Economic Union. Southeast Asia Free Trade Agreement (SEAFTA). Southeast Asia Common Market. Association of Southeast Asian Nations (ASEAN). Response Feedback: The Association of Southeast Asian Nations (ASEAN) is made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, and, in recent years, Cambodia, Myanmar, and Vietnam.  Question 5 1 out of 1 points The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including: Selected Answer: Peru, the United States, and Vietnam. Answers: Peru, the United States, and Vietnam. Singapore, Russia, and Chile. India, Canada, and Australia. Great Britain, New Zealand, and China. Response Feedback: The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.  Question 6 1 out of 1 points Which of the following economies is projected to become the largest by 2050 using market exchange rates? Selected Answer: China Answers: China Australia Brazil India Response Feedback: The economy of China is projected to become the largest by 2050 using market exchange rates. China would surge past the United States and Japan as the largest world economic power by 2050.  Question 7 BUS 53 FINAL EXAM (CHAPTERS 1-13) QUIZZES 1 out of 1 points ________ is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments. Selected Answer: International management Answers: Internationalization Strategic management International management Globalization Response Feedback: International management is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural contexts.  Question 8 1 out of 1 points In ________, chaebols are very large, family-held conglomerates that have considerable political and economic power. Selected Answer: South Korea Answers: China South Korea Thailand Japan Response Feedback: In South Korea, chaebols are very large, family-held Korean conglomerates that have considerable political and economic power.