Test 1 Key 1. (p. 5) One event that will shape international business as the future unfolds is the unprecedented acceptance of communism and socialism in Latin America. FALSE Cateora - Chapter 01 #5 Difficulty: Moderate Type: Comprehension 2. (p. 5) A trend that will impact international business in the future is the fact that there is a mandate to properly manage the resources and global environment. TRUE Cateora - Chapter 01 #6 Difficulty: Moderate Type: Comprehension 3. (p. 10, Exhibit 1.3) The foreign uncontrollable environment is the same as the domestic uncontrollable environment. FALSE Cateora - Chapter 01 #12 Difficulty: Hard Type: Comprehension 4. (p. 53) Those that protest WTO meetings are generally thought to be antiglobalization in their orientation. TRUE Cateora - Chapter 02 #25 Difficulty: Easy Type: Comprehension 5. (p. 46 (Timeline)) The GATT (General Agreement on Tariffs and Trade) was set up as a successor to the WTO (World Trade Organization). FALSE Cateora - Chapter 02 #19 Difficulty: Moderate Type: Fact 6. (p. 46) The overall purpose of the Omnibus Trade and Competitiveness Act of 1988 was to deal with trade deficits, protectionism, and overall fairness of our trading partners. TRUE Cateora - Chapter 02 #18 Difficulty: Hard Type: Definition and Comprehension 7. (p. 56) If a marketer is to interpret a culture's behavior and attitudes, it is essential to have some idea of a country's history and geography. TRUE Cateora - Chapter 03 #2 Difficulty: Easy Type: Comprehension 8. (p. 58) With respect to Latin America, citizens of the United States think that they have been good neighbors and that the Monroe Doctrine has been used to protect the various Latin American states from European interests. TRUE Cateora - Chapter 03 #6 Difficulty: Hard Type: Application and Comprehension 9. (p. 74) Many industrialized countries are experiencing population declines as more women choose careers and more couples elect to remain childless. TRUE Cateora - Chapter 03 #19 Difficulty: Moderate Type: Application and Fact 10. (p. 71, Exhibit 3.3) Nuclear energy provides the greatest percentage of total energy consumption for North America. FALSE Cateora - Chapter 03 #16 Difficulty: Hard Type: Fact 11. (p. 22-23) A company using the ________________ views an entire set of country markets as a unit, identifying groups of prospective buyers with similar needs as an opportunity market segment and develops a marketing plan that strives for standardization wherever it is cost and culturally effective. a. domestic market extension concept b. multidomestic market concept C. global marketing concept d. universal marketing concept e. standardized marketing concept Cateora - Chapter 01 #75 Difficulty: Hard Type: Comprehension 12. (p. 22-23) The Ajax Corporation has decided to enter the international marketing arena by marketing its products on a country-by-country basis, with separate marketing strategies for each country. The company is using which of the following concepts to formulate its international policies and strategies? a. Domestic market extension concept B. Multidomestic market concept c. Global marketing concept d. Universal marketing concept e. Standardized marketing concept Cateora - Chapter 01 #74 Difficulty: Moderate Type: Comprehension 13. (p. 18-20) If a marketer is motivated to enter into an international marketing effort because of temporary surpluses in the domestic market, which of the following stages BEST characterizes the stage of international marketing involvement for this marketer? A. Infrequent foreign marketing b. Regular foreign marketing c. No direct foreign marketing d. International marketing e. Global marketing Cateora - Chapter 01 #70 Difficulty: Moderate Type: Comprehension 14. (p. 29-30) For every dollar the United States invested in the economic development and rebuilding of other countries after World War II, hundreds of dollars returned in the form of purchases of U.S. goods and services. The primary plan after World War II used to rebuild and reinvigorate war ravaged countries was the: a. Eisenhower Plan B. Marshall Plan c. Bradley Plan d. Roosevelt Plan e. Truman Plan Cateora - Chapter 02 #27 Difficulty: Hard Type: Fact and Application 15. (p. 34-35) The system of accounts that records a nation's international financial transactions is called its: a. trade balance. b. national accounts system. c. EX-IM (exports-imports) account. D. balance of payments. e. none of the above. Cateora - Chapter 02 #32 Difficulty: Moderate Type: Definition 16. (p. 35) Which of the following would be the balance-of-payments account that is a record of all merchandise exports, imports, and services plus unilateral transfers of funds? A. current account b. capital account c. credit account d. passed due account e. reserves account Cateora - Chapter 02 #35 Difficulty: Hard Type: Definition 17. (p. 37) All of the following would be considered to be reasons for adopting an attitude of protectionism with respect to world trade EXCEPT: A. to protect religious beliefs. b. protection of an infant industry. c. protection of a home market. d. the need to keep money at home. e. to encourage capital accumulation. Cateora - Chapter 02 #38 Difficulty: Hard Type: Comprehension 18. (p. 58) Which of the following is the most accurate description of how U.S. citizens see the Monroe Doctrine? a. The Monroe Doctrine justifies U.S. expansion into Latin America. b. The Monroe Doctrine guarantees that communism cannot enter into Latin America. c. The Monroe Doctrine is rather useless in expanding or protecting U.S. policies toward Latin America. d. The Monroe Doctrine is so dated that became ineffective as a policy in the 1890s. E. The Monroe Doctrine was seen as protection for Latin America from European colonization and the intervention of Europe in the governments of the Western Hemisphere. Cateora - Chapter 03 #36 Difficulty: Hard Type: Comprehension and Application 19. (p. 62) ____________ is the study of the earth's surface, climate, continents, countries, peoples, industries, and resources. a. Culture B. Geography c. Cartography d. Demography e. Geo-politics Cateora - Chapter 03 #51 Difficulty: Easy Type: Definition 20. (p. 73) Migration from rural to urban areas is largely a...
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