Imports and exports
all goods and services sold abroad and sent out of a country.
all goods and services purchased abroad and brought into a country
Any commercial transaction that crosses the borders of two or more nations.
none of the above.
Question 2. Question :
All goods and services purchased abroad and brought into a country are called ________.
Question 3. Question :
International business is:
all goods and services sold within a country.
use of computer networks to purchase, sell, or exchange products.
any commercial transaction that crosses the borders of two or more nations.
none of the above
Question 4. Question :
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
Question 5. Question :
A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to:
erect barriers to trade.
dismantle bilateral trade agreements.
govern exchange rates.
enforce world trade rules.
Question 6. Question :
The _______ is charged with resolving disputes among members.
None of the above
Question 7. Question :
Which of the following describes the value of a nation’s good goods and services produced by a domestic economy divided by its population?
Gross domestic product (GDP)
Gross domestic product (GDP) per capita
Gross national product (GNP) per capita
Gross national product (GNP)
Question 8. Question :
Which of the following was created to regulate fixed exchange rates and enforce the rules of the international monetary system?
International Monetary Fund
World Trade Organization
Question 9. Question :
Critics of globalization argue that globalization causes environmental conditions to:
remain at status quo levels.
decline slightly, then level off.
Question 10. Question :
Which of the following terms is defined as the set of values, beliefs, rules, and institutions held by a specific group of people?
Question 11. Question :
The belief that one’s own ethnic group or culture is superior to that of others is referred to as:
Question 12. Question :
Which of the following terms is used to refer to the positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts?
Question 13. Question :
Which of the following terms is used to refer to any element that represents a culture’s way of life, including gestures, material objects, traditions, and concepts?
Question 14. Question :
Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations?
Question 15. Question :
A ________ is a system of social stratification in which personal ability and actions determine an individual’s social status and mobility.
Question 16. Question :
According to Hofstede’s framework, which of the following describes the degree of inequality between people in different occupations?
Question 17. Question :
Which of the following is the world’s single largest religion?
Question 18. Question :
Totalitarian political systems include authoritarian regimes such as:
democracy and theocracy.
anarchism and pluralism.
communism and fascism.
capitalism and secularism.
Question 19. Question :
The belief that both private and public groups play important roles in a nation’s political activities is called ________.
Question 20. Question :
Most democratic nations practice ________, in which citizens elect individuals from their groups to help govern the people and pass laws.
Question 21. Question :
The likelihood that a society will undergo political change that negatively affects local business activity is called ________ risk.
Question 22. Question :
________ is the forced transfer of assets from a company to the government with compensation.
Question 23. Question :
Which of the following legal systems is based on a detailed set of written rules and statutes that constitute a legal code?
Question 24. Question :
A ________ is a right granted to the inventor of a product or process that excludes others from making, using, or selling the invention.
Question 25. Question :
Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz, a global drinks-manufacturing company. She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.
Susan also decides not to set up production facilities in Margazo, a country which functions by a strict set of religious tenants, because some of them contradict her company’s work policy. Expecting potential employees to break away from these traditions is not an option since religion plays an important role in the functioning of the nation. What kind of political system prevails in Margazo?