week3quiz - Name: _ Class: _ Date: _ ID: A MT2050 NAU Week...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. In the ______ stage, companies may opt for a multinational approach. a. international b. domestic c. global d. stateless e. multinational ____ 2. The process of globalization typically passes through all of the following stages EXCEPT a. domestic stage. b. global stage. c. international stage. d. interdomestic stage. e. multinational stage. ____ 3. Which of the following aspects of management does not change when doing business internationally? a. Planning b. Organizing c. Controlling d. Leading e. All of the above ____ 4. ______ generally are located in Asia, Africa and South America. a. MNCs b. EUs c. LDCs d. WTOs e. MFNs ____ 5. The criterion traditionally used to classify countries as developed or developing is a. population density. b. per capita income. c. resource and product markets. d. time orientation. e. exchange rates. ____ 6. The term ______ is used to describe a country's physical facilities that support economic activities. a. development structure b. government structure c. infrastructure d. financial structure e. social structure ____ 7. If you built a lumber company in a foreign country and then found that your product was having difficulty being distributed to customers because of the road system, your problem would be related to a. an inadequate infrastructure. b. an economy incapable of supporting growth. c. a poor resource market. d. a poor product market. e. None of the above.
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Name: ________________________ ID: A 2 ____ 8. ______ rate is the rate at which one country's currency is exchanged for another country's currency. a. Interest b. Inflation c. Per capita income d. Exchange e. Economic ____ 9. When looking at exchange rates, if the dollar increases in value, U.S. goods will be ______ in foreign markets and importers' profits will be slim. a. less expensive b. more expensive c. more in demand d. more difficult to find e. in abundant supply ____ 10. Assume that until yesterday, one U.S. dollar could be exchanged for 97 Japanese yens. Today, a dollar gets you 108 yens. Which of the following statements is true? a. U.S. goods will be more expensive in Japan. b. Japanese goods will be more expensive in the U.S. c. U.S. goods will be the same price in Japan. d. Japanese goods will be the same price in the U.S. e. None of the above. ____ 11. Recently many changes have occurred in the legal-political systems of international trade. The most visible changes in the legal-political factors have grown out of the emerging a. improved transportation systems. b.
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This note was uploaded on 01/06/2012 for the course MGT 2010 taught by Professor Edwun during the Spring '11 term at Utah State University.

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week3quiz - Name: _ Class: _ Date: _ ID: A MT2050 NAU Week...

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