BUSI 604 Test Review 1.1.docx - Question 1 2 out of 2...

 Question 1
2 out of 2 points
The (_________) is home to some of the world’s leading hardware and software
manufacturers.
 Question 2
0 out of 2 points
Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
 Question 3
0 out of 2 points
The (_________) was enacted to provide uniform standards and rules of engagement to a
growing international trade market.
 Question 4
2 out of 2 points
In 1866, the telegraph opened the first transatlantic communications channel to facilitate
real-time communication over long distances.
 Question 5
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 6
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.
 Question 7
2 out of 2 points
Which of the following is not one of the ways political risks can be classifies?

 Question 8
2 out of 2 points
The Industrial Revolution heralded the introduction of mass production, improved
transportation, technological progress, and the industrial factory system.
 Question 9
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital financing from foreign
entities.
 Question 10
0 out of 2 points
United States imports primarily come from the following countries: China, Canada,
Mexico, and Germany.
 Question 11
2 out of 2 points
The top four export partners of the United States are as follows: (____), (_____), (_____),
and (____).
 Question 12
2 out of 2 points
Tariffs are the restrictions of the import of something to a specific quantity.
 Question 13
2 out of 2 points
Economic health is considered (______) when a country imports considerably more than it
exports.
 Question 14
2 out of 2 points
(___), (___), and (____) are considerable operational differences of global businesses from

 Question 15
2 out of 2 points
(_____) are much more narrowly defined than knowledge areas in that they represent
quantifiable measures.
 Question 16
2 out of 2 points
Horizontal integration extends a firm's competitive scope within the same industry by
performing production activities normally provided by a supplier or distributor.
 Question 17
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.