B churning b 72 trade unions claim that by permitting

B) Churning
b
72) Trade unions claim that by permitting
international firms to continually move to
nations with relatively lower labor
standards, globalization ________ labor's
bargaining power and forces overall labor
standards ________.
C) reduces; lower
c
73) A special region in which companies
can engage in tariff-free importing and
c

exporting is called a(n) ________.
C) export-processing zone (EPZ)
74) Critics of globalization argue that
globalization causes environmental
conditions to ________.
D) decline significantly
d
75) The three main branches of the debate
over income inequality include each of
the following EXCEPT ________.
B) inequality in nongovernmental
organizations
b
76) A business that has direct investments
(in the form of marketing or
manufacturing subsidiaries) abroad in
multiple countries is called a ________.
B) multinational corporation
b
77) Which of the following makes the
world market more accessible for
companies that sell traditional products
by lessening the cost and difficulties
associated with global communication?
A) Technology
a
78) Key characteristics of born global
firms are an ________ and knowledge-
based organizational capabilities.
D) innovative culture
d
79) The "global business environment"
consists of four distinct elements:
globalization, national business
environments, the international business
environment, and ________.
B) international firm management
b
... ...

Terms Definitions
1) Nokia Corporation uses its
knowledge of cultures to adapt its
mobile handsets to suit local markets.
t
2) The first step in analyzing a nation's
potential for international business
activity is to examine its customs.
f
3) Ethnocentricity improves the ability
to manage new business practices
abroad.
f
4) Democratic nations that value
freedom of speech do not regulate
economic sectors such as broadcasting.
f
5) Subcultures seldom exist in
democratic countries with large
populations.
f
6) Subcultures share the same
language, lifestyle, values, and
attitudes as the dominant culture.
f
7) Mexican immigrants living in the
United States comprise a subculture.
t
8) All Chinese citizens are fluent in the
official Mandarin dialect.
f
9) A nation's cultural boundaries do not
always correspond to its political
boundaries.
t
10) Some subcultures exist across
national borders.
t
11) The cultural component of
aesthetics deals with elements such as
imagery, symbolism, and the arts.
t
12) Black is the universal color that
symbolizes death and mourning.
f
13) When choosing web site addresses
or telephone numbers for businesses
that serve Chinese customers,
entrepreneurs should attempt to include
the number four (4), which is
considered to be particularly lucky in
China.
f
14) In today's global business world, f

the use of a 12-hour clock (as opposed
to the 24-hour clock) is universally
appropriate.
15) When going global with an Internet
presence, it is highly beneficial for a
business to localize its web site.