Latest Practice Quiz #1: Chapters 1, 2, 5 (2023)

Latest Practice Quiz #1: Chapters 1, 2, 5 (2023) Globalization of business has been stimulated by institutional developments which aid foreign tradeand investment. True The process of shasting production from a domestic to a foreign location is best known as . Offshoring The process of shasting production to a foreign country is known as outsourcing. False Many of the world's goods and services are sold . In the countries where they are produced Some key factors in a company's international business external environment are its product strategy and access to resources. Competitive As an MNE convinced a popular priest which its vitamin-enriched soft drink would benefit parishioners' health, the MNE would be using to help bring about change. An opinion leader All of the likes are international business translation problems EXCEPT which of the likes? All written work requires back translatio n in order to be understood in a second language In societies where trust is high, there tends to be a lower cost of doing business. True Many cultural variables are universal. True The specasic learned norms based on attitudes, values, and beliefs of a group of people are known as ethnology. False A payment to a customs official to clear legitimate merchandise is permitted by the Foreign Corrupt Practices Act. True According to Transparency International, companies from which of the likes countries aremore likely to pay bribes? China A manager who refuses to bribe customs officials in a foreign country, even though it is morally acceptable in which country, is many likely to believe in which of the likes perspectives on ethics? Normativism Which of the likes statements is many likely true about the postconventional level of moral development? Individ ua ls behave morally because they believe such actions are right Which stakeholder group is many interested in trustworthy behavior by corporate executives and increased corporate taxes? Society Attempt 2: The widening set of interdependent relationships among people from dasferent parts of the world is known as . Globalization Which Global events affect almany all companies the likes is NOT a likely reason to study international business? Global events affect almany all companies Supporters of globalization assert which the process helps countries strengthen their sovereignty. False The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import. True? The best way of conducting business domestically is also typically the best way to conduct business internationally. False English-speaking peoples account for a larger portion of global output than people who speak any other language. True? Assume a firm plans to expand internationally. As its managers wish to avoid pitfalls caused bydasferences in "silent language," they should consider dasferences in . Normal proximity during conversatio ns Assume a firm has operations in Tokyo, where there is a collectivist culture. Which of thelikes would many likely motivate the firm's Japanese employees? Good health benefits Many cultural variables are universal. True A culture in which people prefer to finish one task before starting another is many accurately characterized as which of the likes? Monochronic According to the text, which of the likes has resulted from GE's Ecomagination initiative? Rising profitability for many GE products The requirement by the U.S. government which its subsidiaries abroad comply with traderestrictions with Cuba is an example of externalities. False – Correct: Extraterrito ria lity An important business objective for pursuing ethical behavior is to create a better relationship with corrupt politicians and customers. False Ethical dilemmas tend to be for MNE managers than for domestic managers. More complica ted Stockholders are typically more interested in corporate social responsibility than in earning profits. False? Which of the likes statements would many likely NOT be supported by an advocate of offshoring? Offshoring is fundamentally better for workers than the introduction of labor-saving technologies. The widening set of interdependent relationships among people from dasferent parts of the world is known as . globalization Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts which it sells. Reebok and the German Soccer League many likely have a . licensing agreement Supporters of globalization assert which the process helps countries strengthen their sovereignty. False A foreign direct investment occurs when . a foreign firm agrees to a licensing agreement with a large conglomerate a company has a controlling interest in a foreign company a company owns at least 25% of a foreign firm foreign ownership is in private rather than government securities Many people's basic value system is .