Marketing Final Exam

Would be an important factor for a company that wanted

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Unformatted text preview: nternational Perspective | CB&E Model Strategy MSC: BLOOMS Knowledge 32. The fact that Russia’s inflation rate has increased 15.1% since May 2007 would be an important _____ factor for a company that wanted to do business in Russia. a. legal b. economic c. culture d. technological e. natural ANS: B Inflation is an important economic issue in the external environment. PTS: 1 REF: 60 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective 33. A tax levied on the goods entering a country is called a(n): a. license TOP: AACSB Reflective MSC: BLOOMS Application b. c. d. e. quota boycott exchange control tariff ANS: E This is the definition of a tariff. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Knowledge 34. Consumers purchasing an automobile in Hong Kong must pay a 100% tax on it. This tax is imposed by the government on all automobiles entering the country and is called a(n): a. tariff b. quota c. license d. boycott e. exchange control ANS: A A tariff is a tax on the goods entering a country. PTS: 1 REF: 61 OBJ: 05-3 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Strategy MSC: BLOOMS Application 35. A(n) _____ is a limit on the amount of a specific product that can enter a country. a. quota b. tariff c. boycott d. exchange control e. transfer limit ANS: A This is the definition of a quota. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Knowledge 36. Since 1953, the United States has limited the amount of raw peanuts that can be imported to 1.7 million pounds a year. This is only about one-tenth of 1 percent of all domestic edible peanut consumption in the United States. This limitation is an example of a(n): a. natural resource barrier b. quota c. tariff d. exchange control e. boycott ANS: B A quota is a limit on the amount of a specific product that can enter a country. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Application 37. An exclusion of all products from certain countries or companies by a government or group is called a(n): a. expropriation b. quota c. tariff d. exchange control e. boycott ANS: E This is the definition of a boycott. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Knowledge 38. In 1764, the British Sugar and Currency Acts created such economic difficulty in the American colonies that soon-to-be Americans refused to buy British goods in protest. This refusal marked one of the first examples of the use of the: a. transfer limit b. quota c. tariff d. exchange control e. boycott ANS: E An exclusion of all products from certain countries or companies by a government or group is a boycott. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS...
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