Saint GBA440/GBA 440 Module 3 Quiz (PERFECT ANSWER) - 91294

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Question Question 1. Question : Exports are: all goods and services sold abroad and sent out of a country. all goods and services purchased abroad and brought into a country Any commercial transaction that crosses the borders of two or more nations. none of the above. Question 2. Question : All goods and services purchased abroad and brought into a country are called ________. domestic products exports national products imports Question 3. Question : International business is: all goods and services sold within a country. use of computer networks to purchase, sell, or exchange products. any commercial transaction that crosses the borders of two or more nations. none of the above Question 4. Question : ________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. International business Denationalization Globalization E-business Question 5. Question : A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to: erect barriers to trade. dismantle bilateral trade agreements. govern exchange rates. enforce world trade rules. Question 6. Question : The _______ is charged with resolving disputes among members. NAFTA GATT WTO None of the above Question 7. Question : Which of the following describes the value of a nation’s good goods and services produced by a domestic economy divided by its population? Gross domestic product (GDP) Gross domestic product (GDP) per capita Gross national product (GNP) per capita Gross national product (GNP) Question 8. Question : Which of the following was created to regulate fixed exchange rates and enforce the rules of the international monetary system? International Monetary Fund World Trade Organization European Union World Bank Question 9. Question : Critics of globalization argue that globalization causes environmental conditions to: increase gradually. remain at status quo levels. decline slightly, then level off. decline significantly. Question 10. Question : Which of the following terms is defined as the set of values, beliefs, rules, and institutions held by a specific group of people? Customs Rituals Culture Aesthetics Question 11. Question : The belief that one's own ethnic group or culture is superior to that of others is referred to as: cultural inheritance. cultural diffusion. cultural literacy. ethnocentricity. Question 12. Question : Which of the following terms is used to refer to the positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts? Customs Attitudes Manners Values Question 13. Question : Which of the following terms is used to refer to any element that represents a culture's way of life, including gestures, material objects, traditions, and concepts? Intangible product Tangible product Aesthetic Cultural trait Question 14. Question : Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations? Customs Attitudes Values Manners Question 15. Question : A ________ is a system of social stratification in which personal ability and actions determine an individual's social status and mobility. genealogy system moksha system caste system class system Question 16. Question : According to Hofstede's framework, which of the following describes the degree of inequality between people in different occupations? Power distance Uncertainty avoidance Individualism Collectivism Question 17. Question : Which of the following is the world's single largest religion? Jewish Christianity Islamic Confucianism Question 18. Question : Totalitarian political systems include authoritarian regimes such as: democracy and theocracy. anarchism and pluralism. communism and fascism. capitalism and secularism. Question 19. Question : The belief that both private and public groups play important roles in a nation's political activities is called ________. totalitarianism capitalism anarchism pluralism Question 20. Question : Most democratic nations practice ________, in which citizens elect individuals from their groups to help govern the people and pass laws. public referendums secular totalitarianism representative democracy socialist pluralism Question 21. Question : The likelihood that a society will undergo political change that negatively affects local business activity is called ________ risk. political investment economic cultural Question 22. Question : ________ is the forced transfer of assets from a company to the government with compensation. Expropriation Nationalization Confiscation Localization Question 23. Question : Which of the following legal systems is based on a detailed set of written rules and statutes that constitute a legal code? International law Civil law Tribal law Common law Question 24. Question : A ________ is a right granted to the inventor of a product or process that excludes others from making, using, or selling the invention. patent trademark civil right copyright Question 25. Question : Scenario: Susan Goes Global with Grape Fizz Susan is the CEO of Grape Fizz, a global drinks-manufacturing company. She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so. Susan also decides not to set up production facilities in Margazo, a country which functions by a strict set of religious tenants, because some of them contradict her company's work policy. Expecting potential employees to break away from these traditions is not an option since religion plays an important role in the functioning of the nation. What kind of political system prevails in Margazo? Pluralistic Theocracy Tribal totalitarian Democracy
Solution Description

 

Question

Question 1. Question :

Exports are:

all goods and services sold abroad and sent out of a country.

all goods and services purchased abroad and brought into a country

Any commercial transaction that crosses the borders of two or more nations.

none of the above.

Question 2. Question :

All goods and services purchased abroad and brought into a country are called ________.

domestic products

exports

national products

imports

Question 3. Question :

International business is:

all goods and services sold within a country.

use of computer networks to purchase, sell, or exchange products.

any commercial transaction that crosses the borders of two or more nations.

none of the above

Question 4. Question :

________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

International business

Denationalization

Globalization

E-business

Question 5. Question :

A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to:

erect barriers to trade.

dismantle bilateral trade agreements.

govern exchange rat

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