GMS Final Exam questions with
complete solutions
Sundew, an American soda company, opened a number of manufacturing unites in a new developing
country. It employed people from host country to work in the new units. This move radically lowered the
poverty rate in the developing country. In this scenario, Sundew is _______ - correct answer ✔✔making
a foreign investment
What are some human rights issues Nike faced? - correct answer ✔✔accusation of child labor, forced
labor, squalid working conditions, severe work hours, and unfair
despite the existence of international trading laws and declarations, countries and companies continue
to face challenges around ethical trading and business practises. Which of the following are not ethical
trading and business practises? - correct answer ✔✔Corruption (maybe??)
Systematic corruption be found in countries with authoritarian governments or in countries that do not
have the necessary capabilities to effectively combat corruption at this level. - correct answer ✔✔True
Which factor below has not has been an engine for growth in many countries because of international
trade: - correct answer ✔✔downward pressure on the wages of unskilled workers
A Gini coefficient of zero expresses perfect equality - correct answer ✔✔True
Grand corruption is said to occur when corruption is so prevalent in a country that it becomes a part of
the everyday structure of society, thus becoming the rule rather than exception. - correct answer
✔✔False
Corruption damage: - correct answer ✔✔All of the above
which of the following is the last step of making an ethical decision? - correct answer ✔✔following your
own conscience and moral code
, which of these conditions is not part of Ian Senior's five conditions that define corruption? - correct
answer ✔✔corruption includes many activities such as bribery and extortion
which of the following are not trade barriers? - correct answer ✔✔technological changes
in 2014, Statistics Canada reports that Canada imported a total 524 billion dollars and exported a total of
529 billion dollars of goods and services. What was Canada's balance of trade in 2014? - correct answer
✔✔a trade surplus of $5 billion dollars
why do countries engage in international trade? - correct answer ✔✔Both 2 and 3
mediators are hired in order to teach managers about cultural differences in negotiation styles - correct
answer ✔✔false
japenese negotiators tend to ______ - correct answer ✔✔hide emotions
____ reveal an inefficient use of assets that restrict profitability. - correct answer ✔✔financial ratios
which of the following most likely encourages firms to localize? - correct answer ✔✔providing local
subsidaries
Which of the following is the first step of the planning phase of a strategic management process? -
correct answer ✔✔establishment of companies mission
Which of the following entry strategies require little investment and enables quick and easy market
withdrawl? - correct answer ✔✔1) franchising
2) joint venture
3)turnkey project
4) exporting (this one is what is says; possible?)
complete solutions
Sundew, an American soda company, opened a number of manufacturing unites in a new developing
country. It employed people from host country to work in the new units. This move radically lowered the
poverty rate in the developing country. In this scenario, Sundew is _______ - correct answer ✔✔making
a foreign investment
What are some human rights issues Nike faced? - correct answer ✔✔accusation of child labor, forced
labor, squalid working conditions, severe work hours, and unfair
despite the existence of international trading laws and declarations, countries and companies continue
to face challenges around ethical trading and business practises. Which of the following are not ethical
trading and business practises? - correct answer ✔✔Corruption (maybe??)
Systematic corruption be found in countries with authoritarian governments or in countries that do not
have the necessary capabilities to effectively combat corruption at this level. - correct answer ✔✔True
Which factor below has not has been an engine for growth in many countries because of international
trade: - correct answer ✔✔downward pressure on the wages of unskilled workers
A Gini coefficient of zero expresses perfect equality - correct answer ✔✔True
Grand corruption is said to occur when corruption is so prevalent in a country that it becomes a part of
the everyday structure of society, thus becoming the rule rather than exception. - correct answer
✔✔False
Corruption damage: - correct answer ✔✔All of the above
which of the following is the last step of making an ethical decision? - correct answer ✔✔following your
own conscience and moral code
, which of these conditions is not part of Ian Senior's five conditions that define corruption? - correct
answer ✔✔corruption includes many activities such as bribery and extortion
which of the following are not trade barriers? - correct answer ✔✔technological changes
in 2014, Statistics Canada reports that Canada imported a total 524 billion dollars and exported a total of
529 billion dollars of goods and services. What was Canada's balance of trade in 2014? - correct answer
✔✔a trade surplus of $5 billion dollars
why do countries engage in international trade? - correct answer ✔✔Both 2 and 3
mediators are hired in order to teach managers about cultural differences in negotiation styles - correct
answer ✔✔false
japenese negotiators tend to ______ - correct answer ✔✔hide emotions
____ reveal an inefficient use of assets that restrict profitability. - correct answer ✔✔financial ratios
which of the following most likely encourages firms to localize? - correct answer ✔✔providing local
subsidaries
Which of the following is the first step of the planning phase of a strategic management process? -
correct answer ✔✔establishment of companies mission
Which of the following entry strategies require little investment and enables quick and easy market
withdrawl? - correct answer ✔✔1) franchising
2) joint venture
3)turnkey project
4) exporting (this one is what is says; possible?)
