A: b. technology that lowers the costs and difficulties of global communication During a time of reflation, the government is most likely to ________. A: d. print money Which of the following is NOT an example of international business? A: e. A Mexican firm receives permission and support funding from the Mexican government to build a manufacturing plant in Tijuana, near the border with the U.S. In response to the global credit crisis, the United States government took actions that increased economic freedom. A: False Common law can best be described as a system ________. A: d. based on legal precedents set by the nation's courts An MNE with a factory in Cambodia is being inspected by the International Labor Organization. What is the most likely focus of the inspection? A: d. safe working conditions The range of economic systems in the world today, when represented on a spectrum, has one end anchored by the idea of capitalism, the other with that of socialism. A: False Low-context cultures are more likely to exchange gifts in a business context. A: False ________ is increasing the pace of both cultural diffusion and cultural change. A: c. Globalization Importing occures when A: a. where a firm sources products or services from another country for sale or use in creating something else. Philanthropic giving is an example of an informal tool to manage social responsibility.
A: False Which of the following most likely improves the effectiveness of a code of ethics for an MNE? A: c. support from organizational practices A market economy is also called a centrally planned economy. A: False The Value Added Chain includes which of the following activities? A: b. all of these Which of the following statements is true about managing country risk? A: a. Scanning allows a firm to assess the potential country risk. Scenario: Nice Nice Toys and Manami Toys Nice Nice Toys is a Canadian-based toy retailer that buys all its merchandise from Manami Toys, a Korean-based toy manufacturer with production facilities in eleven nations. Manami Toys markets its toys globally without modification. Nice Nice Toys buying its merchandise from Manemi Toys is an example of _________________________. A: d. importing Of the following list, which one is probably the best reason that there is no universal scheme for assessing performance and future potential of a nation's economic environment? A: difficulties of identifying a definitive set of predictive economic indicators Dixon Manufacturing, a British MNE, believes that its business practices are superior, so it does not make any policy changes in foreign markets. Dixon Manufacturing most likely takes a(n) ________ approach to staffing. A: ethnocentric The process of rationalizating an internationalizing firm's value added chain of activities involves _____________________________ A: d. making the most economical, cost-containing and competitive deciion on where to locate all value- creating activities involved in getting a product into the hands of the firm's consumer Scenario: Hot Dog Heaven Connie Boston is the vice president of Hot Dog Heaven, a highly successful hot dog joint in Pacifica. Her company decides to expand to Asia and identifies China as the ideal market. Before she leaves for China,
she studies their culture extensively and discovers that the number four is considered extremely unlucky,
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