BUSI 604 Test 1 .docx - Question 1 2 out of 2 points Taiwan...

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Question 1 2 out of 2 points Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment.
Question 2 2 out of 2 points The top four export partners of the United States are as follows: (____), (_____), (_____), and (____).
Question 3 2 out of 2 points The global business manager must possess a strong international awareness and must understand the unique factors that contribute to the success of a global business, including formal education.
Question 4 2 out of 2 points The health of a given economy can be measured in part by the number of exports it has relative to the number and economic value of its imports.
Question 5 2 out of 2 points The Information Age was characterized by a marked surge in manufacturing techniques that included mass assembly, electricity, and new forms of propulsion.
Question 6 2 out of 2 points Any corporation or enterprise that manages production establishments or delivers services in at least three countries may be considered a MNC.
Question 7 2 out of 2 points When a firm in one nation exchanges products, services, resources, or capital with a firm located in another nation, this exchange constitutes a(n) (_________).
Question 8 2 out of 2 points Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets.
Question 9 2 out of 2 points (______) was a major contributor to continental trade growth between the United States, Mexico, and Canada because it eased quotas, tariffs, and customs procedures.
Question 10 2 out of 2 points Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of (______).
Question 11 2 out of 2 points (______) has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment.
Question 12 2 out of 2 points The (______) heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.
Question 13 2 out of 2 points Exploration and trade from Western European nations during the Renaissance led to an increased supply of (_________) from the New World, leading to an international economy based on money rather than barter.
Question 14 2 out of 2 points The (_________) was enacted to provide uniform standards and rules of engagement to a growing international trade market.
Question 15 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

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