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Chapter1Theshifttowardamoreintegratedandinterdependentworldeconomyisreferredtoasa)economicintegrationb)economicinterdependencyc)globalizationd)internationalizationThemergingofhistoricallydistinctandseparatenationalmarketsintoonehugeglobalmarketplaceisknownasa)globalmarketfacilitationb)cross-bordertradec)supranationalmarketintegrationd)theglobalizationofmarketsFirmsthatareinvolvedininternationalbusinesstendtobea)largeb)smallc)medium-sizedd)large,small,andmedium-sizedWhichisnotafactorofproduction?a)tradeb)landc)capitald)energyThesourcingofgoodandservicesfromaroundtheworldtotakeadvantageofnationaldifferencesinthecostandqualityoffactorsofproductioniscalleda)economiesofscaleb)theglobalizationofproductionc)globalintegrationd)globalsourcingWhichorganizationisresponsibleforpolicingtheworldtradingsystem?a)theInternationalMonetaryFundb)theUnitedNationsc)theWorldTradeOrganizationd)theWorldBankWhatisthesinglemostimportantinnovationtotheglobalizationofmarketsandproduction?a)advancesintransportationtechnologyb)thedevelopmentofthemicroprocessorc)advancesincommunicationd)theInternetWhichofthefollowingtrendsistrue?a)theUnitedStatesisaccountingforagreaterpercentageofworldtradethaneverbeforeb)theUnitedStatesisaccountingforagreaterpercentageofforeigndirectinvestmentthaneverbeforec)theshareofworldtradeaccountedforbydevelopingcountriesisrisingd)theshareofforeigndirectinvestmentbydevelopingcountriesisdecliningWhichoftheseisnotaconcernofanti-globalizationprotesters?a)globalizationraisesconsumerincomeb)globalizationcontributestoenvironmentaldegradationc)globalizationiscausingalossofmanufacturingjobsindevelopingcountriesd)globalizationimpliesalossofnationalsovereigntychapter2Apoliticalsystemthatstressestheprimacyofcollectivegoalsoverindividualgoalsiscalleda)individualismb)collectivismc)ademocracyd)amarketeconomy_____believe(s)thatsocialismcanonlybeachievedthroughviolentrevolutionandtotalitariandictatorship.a)communistsb)socialdemocratsc)socialrepublicansd)PlatoAformofgovernmentinwhichonepersonorpoliticalpartyexercisescompletecontroloverallspheresofhumanlifeandprohibitsopposingpoliticalpartiesisa)ademocracyb)arepresentativedemocracyc)totalitarianismd)socialism______isfoundinstateswherepoliticalpowerismonopolizedbyapartyaccordingtoreligiousprinciples.a)tribaltotalitarianismb)right-wingtotalitarianismc)theocratictotalitarianismd)communisttotalitarianismInwhichtypeofeconomicsystemareallproductiveactivitiesprivatelyowned?a)amixedeconomyb)acommandeconomyc)arepresentativeeconomyd)amarketeconomyWhichtypeoflawisbasedontradition,precedent,andcustom?a)civillawb)commonlawc)theocraticlawd)contractlawWhichcountryamongthefouristhemostcorrupt?a)Indiab)Indonesiac)Italyd)BrazilDesignandnamesbywhichmerchantsormanufacturersdesignateanddifferentiatetheirproductsarecalleda)trademarksb)copyrightsc)patentsd)namebrandschapter3Whichisnotaprimarydeterminantofanation’srateofeconomicdevelopment?a)itspoliticalsystemb)itseconomicsystemc)itsgeographyd)itscurrencychapter5Whichisnotanareawheremultinationalfirmsareconcernedaboutethics?a)Humanrightsb)Traderegulationsc)Environmentalregulationsd)CorruptionAllofthefollowingexcept____contributetounethicalbehaviorbyinternationalmanagers.a)Decision-makingprocessesb)Leadershipc)Personalethicsd)NationalcultureAccordingto________,acompany’shome-countrystandardsofethicsaretheappropriateonestofollowinforeigncountries.a)therighteousmoralistb)thenaïveimmoralistc)theFriedmandoctrined)culturalrelativism________recognizethathumanbeingshavefundamentalrightsandprivilegeswhichtranscendnationalboundariesandcultures.a)Kantianethicsb)Utilitarianapproachesc)Strawmend)RightstheoriesThe_____suggeststhateveryoneisimaginedtobeignorantofallhisorherparticularcharacteristics.a)tragedyofthecommonsb)veilofignorancec)codeofethicsd)theUniversalDeclarationofHumanRightsWhatisacompany’sformalstatementofethicalprioritiescalled?a)Missionstatementb)Codeofethicsc)Codeofvaluesd)Organizationalculturechapter6Allofthefollowingtheoriesadvocatedfreetradeexcepta)Mercantilismb)ComparativeAdvantagec)AbsoluteAdvantaged)Hecksher-OhlinWhichtheorysuggestedthatcomparativeadvantagearisesfromdifferencesinnationalfactorendowments?a)mercantilismb)absoluteadvantagec)Heckscher-ohlind)comparativeadvantageWhichtheorysuggeststhatasproductsmaturetheoptimalproductionlocationwillchange?a)Mercantilismb)ComparativeAdvantagec)AbsoluteAdvantaged)Productlife-cycleEconomiesofscaleandfirstmoveradvantagesareimportanttowhichtradetheory?a)Mercantilismb)Productlifecyclec)Newtradetheoryd)ComparativeadvantagePorter’sdiamondofcompetitiveadvantageincludesallofthefollowingexcepta)Factorendowmentsb)Demandconditionsc)First-moveradvantagesd)Firmstrategy,structure,andrivalry_________refertothenatureofhomedemandfortheindustry’sproductorservice.a)Demandconditionsb)Factorendowmentsc)Firmstrategy,structure,andrivalryd)Relatedandsupportingindustrieschapter7Whentariffsareleviedasafixedchargeforeachunitofagoodimported,theyarecalleda)Specifictariffsb)Advaloremtariffsc)Tariffratequotasd)TransittariffsA________de