test1 information - Quiz#1 1 Which of the following are...

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Quiz #1 1. Which of the following are products marketed in all countries essentially without any changes? Global products 2. The first age of globalization extended from ________. the mid-1800s to the 1920s 3. ________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service. Globalization of production 4. Which of the following most likely represents the greatest accomplishment of the 1994 revision of the GATT? Creation of the World Trade Organization 5. Which of the following countries has an average annual GDP growth rate of over 5%? India 6. Which of the following is an example of the globalization of production? A U.S. company builds a manufacturing facility in India 7. Taxes levied on traded goods are known as which of the following? Tariffs 8. Levis Jeans made in the United States and sold in Russia are an example of which of the following? U.S. export 9. The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________. gross national product (GNP) 10.Which of the following is an example of a service that a company might produce in a foreign country to benefit from low-cost labor? Research 11.Whereas relocating production to low-cost locales traditionally meant production of ________ almost exclusively, it increasingly applies to the production of ________. goods; services 12.The three main goals of the ________ are to help the free flow of trade, help negotiate the further opening of markets, and settle trade disputes between its members. World Trade Organization (WTO) 13.Key characteristics of born global firms are an ________ and knowledge-based organizational capabilities. innovative culture 14.Which of the following terms is used to refer to widespread job turnover throughout an economy? Churning 15.All goods and services purchased abroad and brought into a country are called ________. Imports 16.A limit placed on the quantity of an imported product is known as which of the following? Nontariff barrier 17.________ are all goods and services sold abroad and sent out of a country. Exports 18.Which of the following refers to convergence in buyer preferences in markets around the world? Globalization of markets 19.The total value of goods and services exported by all nations each year is ________. nearly $15 trillion 20.The world's least global nations account for approximately what percentage of the world's total population? 50% Quiz #2
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1. ________ are behaviors, often dating back several generations, that are practiced by a homogeneous group of people. Folk customs 2. Which of the following terms is used to refer to appropriate ways of behaving, speaking, and dressing in a culture? Manners 3. Nations governed by which religion segregate the sexes at certain activities and locations such as in school? Islam
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  • Fall '16
  • Betsy Ball
  • Business, Economic system, Planned economy, following terms

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