What is an example of a type of company that is designed to fulfill the "Triple Bottom Line"?
  • middle class
  • former Soviet republics
  • benefits corporation
  • developing; developing
If you have "good guanxi" with a Chinese businessperson, this means that
  • the creation of the League of Nations
  • You have a personal relationship based on the exchange of favors
  • Suppliers sometimes outsource production to companies that act unethically
  • most are geographically small
Which of the following was created after World War II to reverse restrictions on international trade and investment that had occurred after World War I and during WW II?
  • GATT
  • Japan
  • True
  • False
Which of the following characteristics do the MOST globalized countries in the world share?
  • British Petroleum
  • changes in the political environment
  • former Soviet republics
  • most are geographically small
In the last generation, the Smith family's wealth has decreased by $20,At the same time, the Smith family has moved from the lowest quartile of the income distribution to a middle quartile. This reflects
  • Asian
  • they incentivize innovation and invention
  • False
  • a fall in absolute economic mobility and a rise in relative economic mobility
Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese government authorities make and impose arbitrary rules and regulations on the facility's operations very frequently. This kind of legal unpredictability is indicative of the fact that China's legal system is based on _____ law.
  • defensive
  • proactive
  • the Eurozone
  • bureaucratic
Which country listed below is a group-focused society?
  • Afghanistan
  • legal
  • Japan
  • Asian
Which of the following companies has/have exhibited obstructionist behavior with regard to social responsibility?
  • British Petroleum
  • globalization
  • individualist
  • former Soviet republics
All of the following are in the Latin European cultural cluster EXCEPT
  • minimum wage
  • Asian
  • Belgium
  • China
Suppose French car company Peugeot Citroën buys a production facility in South Korea previously owned by South Korean car manufacturer Hyundai. This is an example of
  • Chinese; the US
  • FDI, but not FPI
  • minimum wage
  • coal, gas, oil
In a(n) ________-oriented society, the good of the group comes first, and there are well-defined social networks.
  • individualist
  • True
  • middle class
  • collectivist
Though initially praised for reforms such as privatization and deregulation, Russian President _____ has been criticized because he later _____.
  • You have a personal relationship based on the exchange of favors
  • To insure firms against political risk in potentially dangerous countries
  • Putin; halted reforms and renationalized major industries, such as oil and gas
  • holidays can affect people's working and spending habits
Africa is ____ in natural wealth but has had difficulty in _____.
  • politically stable, top export market
  • minerals, oil, agricultureNOT MANUFACTURING
  • most are geographically small
  • rich; converting it to monetary wealth
According to the Chapter 1 lecture, which of the following is an environmental change that has facilitated globalization?
  • improved communication technology
  • guanxi; less
  • True
  • middle-income countries
What policies did Latin American countries use after World War II to increase their economic growth?
  • proactive
  • most are geographically small
  • import substitution and export promotion
  • they incentivize innovation and invention
You have traveled abroad with your boss. During a meeting, your counterparts offer you a drink, and your boss says, "No, thank you." You notice that your counterparts are very offended by that statement, and the rest of the meeting does not go well. You have most likely traveled to
  • United Kingdom
  • Japan
  • The Organization for Economic Cooperation and Development countries; 35 countries
  • True
What has hindered growth in India?
  • politically stable, top export market
  • emerging economic giant countries; i.e. Mexico, Indonesia, Nigeria, Turkey
  • Putin; halted reforms and renationalized major industries, such as oil and gas
  • poor infrastructure, government red tape, corruptionNOT SIMPLE FDI REGULATIONS
According to BP's latest Energy Outlook, which three fuels are expected to fill most of the world's demand for energy over the next 20 years?
  • middle-income countries
  • FDI, but not FPI
  • coal, gas, oil
  • minimum wage
All of the following international political changes facilitated globalization EXCEPT
  • Afghanistan
  • the creation of the League of Nations
  • The principle of commity
  • changes in the political environment
In China, there is about a _____ percent chance that IP laws will be enforced properly.
  • legal
  • IMF
  • False
  • 30
When terrorists attacked Westgate Mall in Nairobi, Kenya, in September 2013, this was an example of _____ risk.
  • United Kingdom
  • The Organization for Economic Cooperation and Development countries; 35 countries
  • First-world nations
  • macropolitical
The United Kingdom is a member of the European Union. (Although the "leaves" won the Brexit vote, the UK has not yet officially left the EU.) This means that the UK
  • can be an EU member and become a Eurozone member
  • FCPA
  • the creation of the League of Nations
  • newly advanced economic developed countries; i.e. Brazil, Russia, India, China, South Africa
MINT
  • To insure firms against political risk in potentially dangerous countries
  • emerging economic giant countries; i.e. Mexico, Indonesia, Nigeria, Turkey
  • six favored emerging markets; i.e. Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa
  • Putin; halted reforms and renationalized major industries, such as oil and gas
The economy of sub-Saharan Africa depends largely on all of the following
  • minerals, oil, agricultureNOT MANUFACTURING
  • politically stable, top export market
  • the creation of the League of Nations
  • import substitution and export promotion
All of the following insure firms against political risk EXCEPT
  • minimum wage
  • Asian
  • IMF
  • China
Company X uses machinery in its factories that meets the minimum pollution-mitigation requirements mandated by law. More environmentally friendly equipment is available, but company officials have deemed it too expensive. Company X is exhibiting a(n) ________ approach to corporate social responsibility.
  • Japan
  • False
  • individualist
  • defensive
What concept in Chinese business culture is based on reciprocal exchanges of favors?
  • guanxi
  • Asian
  • Afghanistan
  • Japan
____ citizens spend the most on tourism worldwide, while ____ earns the most from tourism.
  • the refugee crisis
  • minimum wage
  • Afghanistan
  • Chinese; the US
The majority of FDI comes from ______; the majority of FDI goes to _____.
  • they incentivize innovation and invention
  • minerals, oil, agricultureNOT MANUFACTURING
  • creating local competition
  • developing; developing
It is important to consider holidays in different markets a business may serve because
  • most are geographically small
  • Putin; halted reforms and renationalized major industries, such as oil and gas
  • holidays can affect people's working and spending habits
  • changes in the political environment
According to a graph presented during the Chapter 4 lecture, countries that are power tolerant also tend to be more
  • British Petroleum
  • Asian
  • minimum wage
  • individualist
All of the following are generally considered high-income nations EXCEPT
  • changes in the political environment
  • Suppliers sometimes outsource production to companies that act unethically
  • former Soviet republics
  • US, Russia, Venezuela
Your friend Albert has told you that he is moving to the Eurozone. He could be moving to any of the following countries EXCEPT
  • can be an EU member and become a Eurozone member
  • False
  • United Kingdom
  • True
Which of the following can be found in China today?
  • most are geographically small
  • human rights violation, large FDI inflows, economic growth
  • To insure firms against political risk in potentially dangerous countries
  • holidays can affect people's working and spending habits
The risk of slavery in the EU has recently increased due to
  • developing; developing
  • the refugee crisis
  • former Soviet republics
  • benefits corporation
Given what you know about the current situation in Germany, where would you expect to find the country ranked on the World Justice Project's Rule of Law Index?
  • individualist
  • proactive
  • very high
  • China
One of the reasons slave labor remains common in industries such as textiles is that
  • the creation of the League of Nations
  • To insure firms against political risk in potentially dangerous countries
  • most are geographically small
  • Suppliers sometimes outsource production to companies that act unethically
National income levels can provide clues about all of the following characteristics of a country EXCEPT
  • minimum wage
  • culture and religion
  • former Soviet republics
  • the Eurozone
Why are intellectual property rights so important to the economic growth of middle-income and rich nations?
  • they incentivize innovation and invention
  • The principle of commity
  • import substitution and export promotion
  • minerals, oil, agricultureNOT MANUFACTURING
During the Cold War, most international business occurred between
  • First-world nations
  • conflict of interest
  • United Kingdom
  • privatization
India is the world's _____ populous nation.
  • 2nd-most
  • history
  • IMF
  • Belgium
What is the purpose of MIGA?
  • the creation of the League of Nations
  • they incentivize innovation and invention
  • no, because of the U.S. Foreign Sovereign Immunities Act
  • To insure firms against political risk in potentially dangerous countries
All of the following countries are known to have higher levels of social mobility EXCEPT
  • conflict of interest
  • United Kingdom
  • religious law
  • privatization
According to the Chapter 4 text, all of the following are basic elements of culture EXCEPT
  • India
  • history
  • creating local competition
  • Afghanistan
Which of the following countries is attempting to gain access to resources and trade routes in the Arctic, even though it doesn't border the ocean?
  • Belgium
  • most are geographically small
  • China
  • British Petroleum
Nissan CEO Carlos Ghosn's interactions with his employees worldwide demonstrated that his Latin European and Latin American employees were more _____, while his Japanese employees were more ________.
  • The principle of commity
  • they incentivize innovation and invention
  • power tolerant; power respecting
  • import substitution and export promotion
According to Hall's Approach, which of the following is considered a high-context culture?
  • Asian
  • creating local competition
  • individualist
  • guanxi
The _____ prohibits American firms and their employees from bribing foreign government officials to gain or retain business.
  • power tolerant; power respecting
  • The Foreign Corrupt Practices Act
  • False
  • factory disasters; Bangladesh
All of the following are strategic imperatives that cause companies to globalize EXCEPT
  • LDCs
  • most are geographically small
  • minimum wage
  • changes in the political environment
Globally, a(n) _____ in trade costs would _____ manufacturing trade significantly.
  • the Eurozone
  • Chinese; the US
  • individualist
  • decrease; increase
GAAP accounting procedures are likely to be followed in all of the following countries EXCEPT
  • False
  • history
  • True
  • France
You are working with different companies as you build your organization and would like to offer gifts for the help you have received from others. Which of the following countries would be less likely to see gifts as a conflict of interest?
  • France
  • Japan
  • False
  • Asian
LDC
  • least developed countries; i.e. most of africa, Afghanistan, Haiti, Laos, Nepal, Cambodia
  • six favored emerging markets; i.e. Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa
  • True
  • poor infrastructure, government red tape, corruptionNOT SIMPLE FDI REGULATIONS
One of the most linguistically diverse countries in the world is
  • China
  • India
  • Asian
  • Belgium
Which U.S. law was passed to deal with accounting scandals that occurred in the early 2000s?
  • First-world nations
  • dollars have more influence than law
  • the breakdown of regional trade accords
  • Sarbanes-Oxley Act
The concept of guanxi, defined as ______, is important in _____ business culture.
  • a system of reciprocal exchanges of favors; Chinese
  • factory disasters; Bangladesh
  • dollars have more influence than law
  • True
BRICS
  • least developed countries; i.e. most of africa, Afghanistan, Haiti, Laos, Nepal, Cambodia
  • newly advanced economic developed countries; i.e. Brazil, Russia, India, China, South Africa
  • emerging economic giant countries; i.e. Mexico, Indonesia, Nigeria, Turkey
  • Walter did not realize that in the Middle East, a thumbs-up sign is similar to giving the middle finger
According to the Chapter 5 lecture, in what industry can modern-day slavery be found?
  • the Eurozone
  • ownership
  • chocolate
  • Chinese; the US
According to Sean Keenihan, president of the Australian-China Business Council in South Africa _____ is _____ important for doing business in China today.
  • collectivist
  • improved communication technology
  • newly advanced economic developed countries; i.e. Brazil, Russia, India, China, South Africa
  • guanxi; less
The textile industry has faced serious ethical issues recently due to the ____ in _____.
  • Afghanistan
  • factory disasters; Bangladesh
  • changes in the political environment
  • developing; developing
Countries with significant oil production include
  • decrease; increase
  • US, Russia, Venezuela
  • developing; developing
  • the refugee crisis
The worldwide economic, social, technological, cultural, and political integration among individuals, groups of people, companies, and nations
  • globalization
  • coal, gas, oil
  • middle class
  • Afghanistan
OECD
  • China
  • United Kingdom
  • False
  • The Organization for Economic Cooperation and Development countries; 35 countries
______ risk occurs when a firm's property is threatened through expropriation or confiscation.
  • ownership
  • Afghanistan
  • France
  • coal, gas, oil
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