AGBM 338 Final Question and answers
rated A+
Which of the following is an advantage to a company of hiring parent-country
nationals (PCNs) at a subsidiary in another country? - correct answer
✔Facilitates control and coordination by headquarters.
A freight forwarder: - correct answer ✔Arranges transportation and provides
related services for an exporter.
An export management company (EMC): - correct answer ✔Serves as the
export department for a company.
The two core perspectives for studying global business are: - correct answer
✔An institution-based view and a resource-based view.
The "Blue Box" for agriculture in the WTO refers to: - correct answer
✔Trade-distorting payments to farmers made in conjunction with supply
controls.
Formal institutions affect international trade by: - correct answer ✔imposing
laws and regulations that promote or restrict international trade.
Which of the following statements is true about communication in low-context
cultures? - correct answer ✔It is usually taken at face value.
Which color is used for the most trade-distorting types of government
agricultural support in the WTO's Agreement on Agriculture? - correct answer
✔Amber
, The "fundamental question" about global business in the course textbook is: -
correct answer ✔What determines the success and failure of firms around
the globe?
The three types of globalization discussed in the course are: - correct answer
✔Economic, cultural, and political.
the acronym VRIO as used in the course means: - correct answer ✔Value,
rarity, imitability, and organization.
The four P's representing the underlying components of marketing are: -
correct answer ✔Product, price, promotion, and place.
Standard worldwide pricing for exporting is based on: - correct answer ✔-
fixed costs
-export-related costs
-variable costs
Under price discrimination: - correct answer ✔Lower prices are set in market
segments with more price-elastic demands.
The supportive pillar(s) for formal institutions are: - correct answer
✔Regulatory
Under dual pricing, export price is based on: - correct answer ✔Marginal
costs
rated A+
Which of the following is an advantage to a company of hiring parent-country
nationals (PCNs) at a subsidiary in another country? - correct answer
✔Facilitates control and coordination by headquarters.
A freight forwarder: - correct answer ✔Arranges transportation and provides
related services for an exporter.
An export management company (EMC): - correct answer ✔Serves as the
export department for a company.
The two core perspectives for studying global business are: - correct answer
✔An institution-based view and a resource-based view.
The "Blue Box" for agriculture in the WTO refers to: - correct answer
✔Trade-distorting payments to farmers made in conjunction with supply
controls.
Formal institutions affect international trade by: - correct answer ✔imposing
laws and regulations that promote or restrict international trade.
Which of the following statements is true about communication in low-context
cultures? - correct answer ✔It is usually taken at face value.
Which color is used for the most trade-distorting types of government
agricultural support in the WTO's Agreement on Agriculture? - correct answer
✔Amber
, The "fundamental question" about global business in the course textbook is: -
correct answer ✔What determines the success and failure of firms around
the globe?
The three types of globalization discussed in the course are: - correct answer
✔Economic, cultural, and political.
the acronym VRIO as used in the course means: - correct answer ✔Value,
rarity, imitability, and organization.
The four P's representing the underlying components of marketing are: -
correct answer ✔Product, price, promotion, and place.
Standard worldwide pricing for exporting is based on: - correct answer ✔-
fixed costs
-export-related costs
-variable costs
Under price discrimination: - correct answer ✔Lower prices are set in market
segments with more price-elastic demands.
The supportive pillar(s) for formal institutions are: - correct answer
✔Regulatory
Under dual pricing, export price is based on: - correct answer ✔Marginal
costs
