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Unformatted text preview: Take Home Exam I nternational Business 383 ~ Spring 2009 There Are Four Parts To This Exam : • Multiple Choice Questions (50 points): 25 quick, straight-forward questions. The readings in the book covered all of these areas, with most of them covered in class and in the notes as well. These questions cover the entire semester, to date. • Essay Question (25 points) : Re-thinking the Role Playing, Cultural Adaptation Issue • Financial Currency Transaction Problem (25 points) : Working the financial alternatives in foreign exchange, with hedging alternatives. • Your Honor & Speaker (10 points, extra credit): Write down whether you attended the Business Speaker we had on April 1, and whether you cheated or not on this test… ================================================================ MULT IPLE CHOICE QUESTIONS : Choose the BEST answer to the questions below and write your choice to the left of the question. 1. The merging of historically distinct and separate national markets into one huge global marketplace is referred to as the . a. globalization of production b. integration of markets c. transformation of commerce d. globalization of markets 2. Although Boeing is incorporated in the United States, a supplier in Singapore makes the doors for the nose landing gear, and suppliers in Italy manufacture wing flaps. Boeing is taking part in: a. exporting b. licensing c. outsourcing d. franchising Page 1 3. Production is determined by the interaction of supply and demand and signaled to producers through the price system in what kind of economy? a. Mixed economy b. Command economy c. Market economy d. Trade economy 4. A is a system of values and norms that are shared among a group of people and that when taken together constitute a design for living. a. Society b. Clique c. Fraternity d. Culture 5. The recent trends in international business strongly indicate that when Japanese and German business people conduct business together, the language in which they will communicate is almost certain to be . a. French b. German c. Japanese d. English 6. Tariffs a. Reduce the price of foreign goods. b. Reduce efficiency because a protective tariff encourages domestic firms to produce products at home. c. Create efficient utilization of resources. d. Are unambiguously pro-consumer and anti-producer. 7. Of the following, which is perhaps the most common political argument for government intervention in to the free flow of trade? a. I t protects national pride. b. Politicians and their constituents tend to think that domestically produced products are superior to products produced in another country. c. I t is necessary for protecting jobs and industries from foreign competition d. I t is necessary to maintain domestic economic stability....
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This note was uploaded on 06/18/2009 for the course ABUS 383 taught by Professor Harrison during the Spring '09 term at South Carolina Aiken.
- Spring '09