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

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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.

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