Question 1
2 out of 2 points
The (_________) is home to some of the world’s leading hardware and software
manufacturers.
Selected
Answer:
United
States
Question 2
0 out of 2 points
Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
Selected Answer:
Tru
e
Correct Answer:
False
Question 3
0 out of 2 points
The (_________) was enacted to provide uniform standards and rules of engagement to a
growing international trade market.
Selected
Answer:
World Trade Organization
(WTO)
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.
Selected
Answer:
Tru
e
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.
Selected
Answer:
NAFTA
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.
Selected
Answer:
Canada;
Mexico
Question 7
2 out of 2 points
Which of the following is not one of the ways political risks can be classifies?
Selected
Answer:
functio
nal
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.
Selected
Answer:
Tru
e
Question 9
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital financing from foreign
entities.
Selected
Answer:
Tru
e
Question 10
0 out of 2 points
United States imports primarily come from the following countries: China, Canada,
Mexico, and Germany.
Selected Answer:
Tru
e
Correct Answer:
False
Question 11
2 out of 2 points
The top four export partners of the United States are as follows: (____), (_____), (_____),
and (____).
Selected
Answer:
Canada, Mexico, China,
and Japan
Question 12
2 out of 2 points
Tariffs are the restrictions of the import of something to a specific quantity.
Selected
Answer:
Fals
e
Question 13
2 out of 2 points
Economic health is considered (______) when a country imports considerably more than it
exports.
Selected
Answer:
Negati
ve
Question 14
2 out of 2 points
(___), (___), and (____) are considerable operational differences of global businesses from
that of domestic businesses.
Selected
Answer:
All of the
above
Question 15
2 out of 2 points
(_____) are much more narrowly defined than knowledge areas in that they represent
quantifiable measures.
Selected
Answer:
Skill
s
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.
Selected
Answer:
Fals
e
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.
