Test 1.docx - Question 1 2 out of 2 points occurs when...

 Question 1
2 out of 2 points
(___) occurs when a firm expands its business into different products that are not similar
to current lines.
 Question 2
2 out of 2 points
(______) has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
 Question 3
2 out of 2 points
The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows:
United States, China, Germany, Japan, and United Kingdom.
 Question 4
2 out of 2 points
(____) is the information that a candidate possesses in the area of given disciplines.
 Question 5
2 out of 2 points
The North American Free Trade Agreement was enacted to provide uniform standards and
rules of engagement to a growing international trade market.
 Question 6
2 out of 2 points
Improvement in transportation, advances in communications technology, and trade-
friendly legislation have all contributed to the desire to produce a seamless global
economy.
 Question 7
2 out of 2 points
(______) and (______) consistently rank as two of the leading suppliers to the United
States, making up over 25 percent of total trade to the U.S.

Answer: Mexico
 Question 8
2 out of 2 points
Significant fluctuations in (__________) can reduce the actual value of each dollar that a
foreign investor has vested in his or her foreign portfolio, potentially prompting the
investor to withdraw from a market entirely.
 Question 9
2 out of 2 points
The (_________) is home to some of the world’s leading hardware and software
manufacturers.
 Question 10
2 out of 2 points
(_______), increasing market audience, receiving foreign direct investment are reasons
international trade is important to the United States.
 Question 11
2 out of 2 points
Which of the following is not one of the ways political risks can be classifies?
 Question 12
2 out of 2 points
Ownership control risk can be defined as the risk of monetary losses resulting from
inadequate or failed internal processes, people, and systems.
 Question 13
2 out of 2 points
The (______) heralded the introduction of mass production, improved transportation,
technological progress, and the industrial factory system.