Busi 303 Quiz 1 Review With
Complete Solutions
The industrial revolution heralded the introduction of which of the following?
Mass production
Improved transportation
Technological progress
All of the above - ANSWER All of the above
Economic health is considered positive when a country exports considerably
more than it imports? - ANSWER True
A global business must consider the differences of scope, economic health,
cultural influences, and management skills from a domestic business? -
ANSWER FALSE
Which of the following is NOT a driving force of Globalization?
Reductions in barriers to trade
Increased restriction on foreign investments
Rise of the multinational corporation
Advances in communications and transportation technologies - ANSWER
Increased restriction on foreign investments.
Globalization has impacted what aspects of the international community
members? - ANSWER Political, economic, social, and cultural.
The global business manager must possess a strong domestic awareness and
must understand the unique factors that contribute to the success of a global
business, including formal education. - ANSWER FALSE
All of the following occurred during the Information Age except?
The personal desktop computer became a common place house hold fixture
Radio and telephone networks were wide spread in developed nations
Information was considered to be a scarce resource - ANSWER Information was
considered to be a scarce resource
Which of the following is NOT true regarding ISOs?
ISO standards specify the requirements for state-of-the-art products, services,
processes, materials and labor
ISO stands for The International Organization for Standards
, ISO provides a cooperative venue for establishing guidelines and cooperation in
free-trade markets
ISO standards are designed to be implemented worldwide - ANSWER ISO
provides a cooperative venue for establishing guidelines and cooperation in
free-trade markets
Which of the following is a barrier to trade?
Mergers/acquisitions
Subsidies
Sanctions
Operational Risk - ANSWER Sanctions
The prime characteristics and outcomes of globalization include?
Assimilation and integration of various cultures
Transparency
Seamless national marketplace
Dependencies among nations - ANSWER Transparency
Reductions in barriers to trade and foreign investments, advances in
communication/transportation technologies, and the Multinational Corporation
are all of globalization. - ANSWER Driving forces
Globalization has created what critics refer to as a melting pot or clash of
various cultural identities? - ANSWER True
What is less effective for products with brand recognition or differentiation? -
ANSWER Transparency
Pax Americana, Latin for "American peace," is the period of relative peace in the
Western world since the end of World War I in 1918, coinciding with the
dominant military and economic position of the U.S.? - ANSWER FALSE-
Actually occurred after WWII in 1945
Barriers to trade include all of the following except?
Quotas
FDI
Embargoes
Tariffs - ANSWER FDI
The Renaissance was characterized by a marked surge in manufacturing
techniques that included mass assembly, electricity, and new forms of
propulsion. - ANSWER FALSE -
This was the industrial age
International exchange is a recent concept? - ANSWER FALSE
Complete Solutions
The industrial revolution heralded the introduction of which of the following?
Mass production
Improved transportation
Technological progress
All of the above - ANSWER All of the above
Economic health is considered positive when a country exports considerably
more than it imports? - ANSWER True
A global business must consider the differences of scope, economic health,
cultural influences, and management skills from a domestic business? -
ANSWER FALSE
Which of the following is NOT a driving force of Globalization?
Reductions in barriers to trade
Increased restriction on foreign investments
Rise of the multinational corporation
Advances in communications and transportation technologies - ANSWER
Increased restriction on foreign investments.
Globalization has impacted what aspects of the international community
members? - ANSWER Political, economic, social, and cultural.
The global business manager must possess a strong domestic awareness and
must understand the unique factors that contribute to the success of a global
business, including formal education. - ANSWER FALSE
All of the following occurred during the Information Age except?
The personal desktop computer became a common place house hold fixture
Radio and telephone networks were wide spread in developed nations
Information was considered to be a scarce resource - ANSWER Information was
considered to be a scarce resource
Which of the following is NOT true regarding ISOs?
ISO standards specify the requirements for state-of-the-art products, services,
processes, materials and labor
ISO stands for The International Organization for Standards
, ISO provides a cooperative venue for establishing guidelines and cooperation in
free-trade markets
ISO standards are designed to be implemented worldwide - ANSWER ISO
provides a cooperative venue for establishing guidelines and cooperation in
free-trade markets
Which of the following is a barrier to trade?
Mergers/acquisitions
Subsidies
Sanctions
Operational Risk - ANSWER Sanctions
The prime characteristics and outcomes of globalization include?
Assimilation and integration of various cultures
Transparency
Seamless national marketplace
Dependencies among nations - ANSWER Transparency
Reductions in barriers to trade and foreign investments, advances in
communication/transportation technologies, and the Multinational Corporation
are all of globalization. - ANSWER Driving forces
Globalization has created what critics refer to as a melting pot or clash of
various cultural identities? - ANSWER True
What is less effective for products with brand recognition or differentiation? -
ANSWER Transparency
Pax Americana, Latin for "American peace," is the period of relative peace in the
Western world since the end of World War I in 1918, coinciding with the
dominant military and economic position of the U.S.? - ANSWER FALSE-
Actually occurred after WWII in 1945
Barriers to trade include all of the following except?
Quotas
FDI
Embargoes
Tariffs - ANSWER FDI
The Renaissance was characterized by a marked surge in manufacturing
techniques that included mass assembly, electricity, and new forms of
propulsion. - ANSWER FALSE -
This was the industrial age
International exchange is a recent concept? - ANSWER FALSE
