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BUSMHR 2000 Exam 1 Prep 2025/2026 – 200+ Questions & Correct Answers | Globalization, Culture, Ethics, Trade Theories & Market Entry Strategies

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This BUSMHR 2000 Exam 1 Prep 2025/2026 study guide contains over 200 verified multiple-choice questions with 100% correct answers, perfectly aligned with the latest exam format for International Business studies. It provides a thorough review of globalization concepts, cross-border trade and investment, multinational enterprises (MNEs), and the roles of global organizations such as the WTO, IMF, and World Bank. Students will also learn political, economic, and legal systems, including democracy, totalitarianism, market and command economies, and their implications for business strategy. The resource examines cultural frameworks such as Hofstede’s dimensions, norms, values, mores, folkways, ethnocentrism, and social mobility, helping students develop cultural intelligence for international operations. It also covers business ethics, corporate social responsibility (CSR), sustainability, environmental regulations, and ethical decision-making models like utilitarianism, righteous moralism, and cultural relativism. Trade theories such as mercantilism, absolute and comparative advantage, Heckscher-Ohlin theory, new trade theory, and product life-cycle theory are explained with applied examples. The material also addresses market entry strategies, FDI, international business risks, and Porter’s Diamond model. This Q&A format makes it an ideal resource for undergraduate business students, MBA candidates, international trade trainees, policy advisors, and entrepreneurs preparing for assessments or seeking a strong foundation in global business principles. Keywords: globalization, WTO, IMF, Hofstede dimensions, business ethics, CSR, FDI, mercantilism, comparative advantage, Porter’s Diamond

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BUSMHR 2000 Exam 1 2025/2026 Exam
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Grossman and Krueger's study revealed the relationship between pollution levels

and income. Which pollutant was the exception to their study?

nitrous oxide

sulfur dioxide

lead

carbon dioxide


hydrogen - 🧠 ANSWER ✔✔carbon dioxide


When considering globalization, what is considered the single most important

innovation since World War II?

,higher education

transcontinental air transport

the telephone

the microprocessor


cross-country railway systems - 🧠 ANSWER ✔✔the microprocessor


Which of these companies exemplifies the globalization of markets?




The clothes of Sea Shell Fashions, a U.S.-based company, are hand-sewn by

workers in India.

The accounts of a U.K.-based finance company are maintained and managed by an

accounting firm in the Czech Republic.

Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.

Iconic Industries Inc., a U.S. energy company, has generated capital from investors

all over the world.

,Wine producer Violet Wines procures high-quality grapes from neighboring

countries. - 🧠 ANSWER ✔✔Fluffy Pillows, a U.S.-based pillow company, sells the

same pillows worldwide

Technology is indicated as having a major impact on the declining share of

national income enjoyed by labor. If this is the case, what is a logical solution to

this problem?




increasing society's investment in education

restricting exports of jobs

restricting access to technology

decreasing the wage rates of skilled workers


increasing the supply of unskilled workers - 🧠 ANSWER ✔✔increasing society's

investment in education

Which institution was established as a result of the Uruguay Round of GATT?




United Nations

World Bank


COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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3

, International Monetary Fund

World Trade Organization


Group of Twenty - 🧠 ANSWER ✔✔World Trade Organization


What occurs according to Moore's law?




The power of microprocessor technology doubles and its cost of production falls in

half every 18 months.

The demand for microprocessor technology falls in half every 18 months.

The demand for microprocessors continues to rise, while their supply falls.

The price of microprocessors continues to fall, while their cost of production

increases.

The cost of microprocessors increases as their power increases. - 🧠 ANSWER

✔✔The power of microprocessor technology doubles and its cost of production

falls in half every 18 months

Canadian company Yummy Snacks exports a number of products to consumers in

Peru, Chile, and Argentina. According to this information, Yummy Snacks is most

likely involved in

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