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Question 12 out of 2 pointsThe (_________) is home to some of the world’s leading hardware and software manufacturers.Selected Answer:United StatesQuestion 20 out of 2 pointsTaiwan has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment.Selected Answer:TrueCorrect Answer: FalseQuestion 30 out of 2 pointsThe (_________) was enacted to provide uniform standards and rules of engagement to a growing international trade market.Selected Answer:World Trade Organization (WTO)Question 42 out of 2 pointsIn 1866, the telegraph opened the first transatlantic communications channel to facilitatereal-time communication over long distances.Selected Answer:TrueQuestion 52 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.Selected Answer:NAFTAQuestion 62 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.Selected Answer:Canada; MexicoQuestion 72 out of 2 pointsWhich of the following is not one of the ways political risks can be classifies?
Selected Answer:functionalQuestion 82 out of 2 pointsThe Industrial Revolution heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.Selected Answer:TrueQuestion 92 out of 2 pointsForeign direct investment allows domestic firms to receive capital financing from foreign entities.Selected Answer:TrueQuestion 100 out of 2 pointsUnited States imports primarily come from the following countries: China, Canada, Mexico, and Germany.Selected Answer:TrueCorrect Answer: FalseQuestion 112 out of 2 pointsThe top four export partners of the United States are as follows: (____), (_____), (_____), and (____).Selected Answer:Canada, Mexico, China, and JapanQuestion 122 out of 2 pointsTariffs are the restrictions of the import of something to a specific quantity.Selected Answer:FalseQuestion 132 out of 2 pointsEconomic health is considered (______) when a country imports considerably more than it exports.Selected Answer:NegativeQuestion 142 out of 2 points(___), (___), and (____) are considerable operational differences of global businesses from
that of domestic businesses.Selected Answer:All of the aboveQuestion 152 out of 2 points(_____) are much more narrowly defined than knowledge areas in that they represent quantifiable measures.Selected Answer:SkillsQuestion 162 out of 2 pointsHorizontal integration extends a firm's competitive scope within the same industry by performing production activities normally provided by a supplier or distributor.Selected Answer:FalseQuestion 172 out of 2 pointsThe 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.