BA 10 - Global Business and Entrep. - Spring 2001

BA 10 - Global Business and Entrep. - Spring 2001 - U(7 U...

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Unformatted text preview: U] (7 ( U Lad @424 1! 67m fire F/E/Vtfl/mmrg- fix if 3:? The UPS market entry strategy in China, outlined in the reader article "Orient Express: Just How Hard Should a US. Company Woo Foreign Markets", is a good example of: a. Ethnocentrism b. Think globally, act locally c. international foolishness d. Global marketing technology stocks? _ a. Technology companies can generate breathtaking growth gains in earnings, sales and productivity for years to come b. Technology companies are not subject to ordinary economic forces 0. Earnings are more important than prospects d. Exponential lnternet growth has just begun and. if anything, will accelerate 9. This time, things are different A company sending some of its own managers overseas to conduct business, is ”practicing the international organizational strategy of... a, joint venture arrangements strategic alliances direct investment , branch offices / matching .0" "Soc 9- .0 The represents the first attempt to establish a truly global mediation center to resolve international trade disputes. at international Trade Court rb, World Trade Organization c. Global Trade Commission United Nations international Mediation Center d. United Nations international Mediation Center What organization was founded in Pacific Asia in 1967 for economic, political, social, and cuiturai cooperation? SEATO NATO ASEAN Warsaw Pact CENTO 9 91016.!» 6. Which of the following firms are multinationals? a. Royal Dutch/Shell b. Nestle .‘c. lBM d. Ford e. All of the above 7. The existence of the informal Keiretsu system in Japan, which makes it extremely difficult for foreign firms to sell their products in that country, is an example of; a. Protective tariffs b. Embargoes c. Export quotas d Nontariff barriers 8. Which of the following has not been identified as a basic consumer right? a. Consumers have a right to safe products. it); Producers have a right to collude. c. Consumers have a right to be informed about a product. d. Consumers have a right to be heard. e. Consumers have a right to choose what they buy. 9. As more and more firms engage in international business, the world economy is fast becoming a single interdependent system, a process called... exporting importing capital mobility globalization direct investment FDI 9.}.0 .0- 9} 10. Which of the following forms of businesses buys products from manufacturers or other producers and then sells them to retailers? a. retailers Tb. wholesalers ('3. service firms d agriculture stores e all of the above 11. Which of the following are groups of small investors seeking to make profits on companies with rapid growth potential? banks venture capital firms credit unions equity managers government securities dealers 9199.69: 12. 13. 14. 15. 16. The SBA bases its definition of small businesses on... a. number of suppliers b annual net income after taxes c. number of employees d. total annual sales “Fe both c and d Government economists in the small nation of Redland reported that their country's imports for 1998 were $3 billion greater than its exports. They also reported that Redland experienced a balance of payments surplus for 1998. These reports suggest that: a. Redland's economists are mistaken. The nation must have had a balance of payments deficit since more money flowed out of Redland for imports than flowed into the country for its exports. b; Redland's gold reserves apparently appreciated in value. (c. Money inflows from tourism. foreign aid, foreign investment and other sources more than offset the difference between imports and exports. d. Redland's government must have revalued the country's currency to obtain a more favorable exchange rate. The systematic analysis of an organization's success in using funds earmarked for its social responsibility goals is called a a. governmental mandate b. community activist approach c. governmental initiative @T social audit e. balance sheet reconciliation Which of the following are factors that account for the trends in small business startups'? a. entrepreneurs who cross over from big business b. increased opportunities for minorities c. increased opportunities for women go. new opportunities in global enterprise ,_e. all of the above Under a system of floating exchange rates, the value of a country's currency is determined by: a. The government of that country. b. The United Nations. 'c. The supply and demand in the market for that currency. d. The political power of the country's trading partners. h 17. 18. 19. 20. 21. 22. Companies that adopt this approach tend to meet the minimum requirements of government regulation and standard business practices. ' 51. social obligation approach b. social reaction approach c. community activities approach d. social benefits approach e. community obligation approach Firms accused of paying excessive salaries to senior managers or providing frivolous "perks" may be engaging in... a. human resources violations ‘2le check kiting c. environmental pollution d. financial mismanagement e. shorting stock Country A is an extremely efficient producer of tin. However, its climate and terrain make it difficult to produce corn. According to the theory of comparative advantage, Country A should: a. Split its production between tin and corn. b. Watch the global market to see which product is bringing the highest price. gfiDevelop its capabilities to produce corn. Cd./Concentrate its production on tin. At a minimum. a business plan should include the following financial projections: a. income Statement b. Cash Flow Statement 15,;K Balance Sheet g.) All of the above e. None of the above An entrepreneur has the most control over the following aspect of his/her business: ’a. Organizational culture b. Size of the target market c. Actions of its competitors d. All of the above e. None of the above 12 of the 15 European Union member countries are participating in the EURO. 11of which were part of the original group of nations that adopted the EURO. As of January 1, 2001, which country became the 12th and most recent participant? a. Britain Kb Sweden ”to ' Greece d. Denmark 23. People who assume the risk of business ownershI and expansion are called... service providers manufacturers retailers 'Iwholesalers I ,Ientrepreneurs I LtII K," .- 24. Which of the following buys products In foreign mamets'afifl then Isells them for resale' In its home country? “I " its II- .. I '~ . importer exporter i international firm 1 direct investor l ! investment banker ' 1 ~, I. I - v pm 25. Employees who detect and try to put an end to a Company's unethical illegal and/or socially irresponsible actions by public'zing thernis referred to as a(n) buyers agent I iwhistleblower . i investor I " I, i corporate manager I; government inspector ”or.“ _ V. Al 26. Selling a product abroad for less than the has of p?oduchon Is referred to as. isetting up a business office “ trait. ,3, 2 . ., I I _ . , setting up quotes a - . I dumping I .I iimposing tariffs -;'.I I idirectforeign investment I~: 1333 I}: yamgé'fii ~ I‘ . " ., ya 1i i It (“Jitxafi‘filll ‘12." 1‘1me ‘;' 27. Which of the following sources of funds are more likely to be used to help with the purchase of an existing business? ‘ < . , equity markets " capital markets money markets lending institutions I_ bond markets 28. Many countries require that products sold in a particular country be at least partly ‘ made there. This practice is referred to as... ' protectionism imposing tariffs subsiding an industry local content laws fostering quotas 99.0.04!» 29. Eca Hardware, a U.S. retailer, buys much of its inventory from Asian countries. Eca Hardware would benefit if the value of the dollar relative to the --currencies of the countries from which Eca imports: a. Rose bi Fell c. Remained constant d. Floated unpredictably 30. Most U.S. workers are employed by large corporations. _a. True , b. False 31. In addition to describing the business concept, a business plan needs to include the suggested model for achieving commercial viability of that concept: a True {pi False 32. The three basic concepts of social responsibility are profit responsibility. stakeholder responsibility and societal responsibility: a. True b. False 33. This is exam version C. Bubble in C for this question and write C in the identification section of your Scantron. If you do not answer this question, you will lose the point. 23. People who assume the risk of business ownership with a primary goal of growth and expansion are called... a. service providers b. manufacturers c. retailers "d— wholesalers e. entrepreneurs ‘/ 24. Which of the following buys products in foreign markets and then sells them for (,resale in its home country? ta. importer ‘b. exporter 0. international firm d. direct investor e. investment banker 25. Employees who detect and try to put an end to a company's unethical, illegal and/or socially irresponsible actions by publicizing them is referred to as a(n) r buyers agent (3 whistleblower . investor d. , corporate manager e. government inspector 26. Selling a product abroad for less than the cost of production is referred to as... a. setting up a business office __b_.‘ setting up quotas ’52 dumping d. imposing tariffs e. direct foreign investment 27. Which of the following sources of funds are more likely to be used to help with the purchase of an existing business? equity markets capital markets money markets lending institutions bond markets FDP-PFTS” ...
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