Liberty University BUSI 604 International Business Test 1

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Liberty University BUSI 604 International Business Test 1 • Question 1 0 out of 2 points (______) and (______) consistently rank as two of the... leading suppliers to the United States, making up over 25 percent of total trade to the U.S. Selected Answer: • Question 2 2 out of 2 points (_____) have been constructed to prevent domestic companies from employing underage workers—even in foreign countries. Selected Answer: • Question 3 2 out of 2 points The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows: United States, China, Germany, Japan, and United Kingdom. Selected Answer: • Question 4 2 out of 2 points (___________) is the official measure of total output of goods and services in a nation’s economy. Selected Answer: Gross Domestic Product (GDP) • Question 5 2 out of 2 points Foreign direct investment allows domestic firms to receive capital financing from foreign entities. Selected Answer: • Question 6 2 out of 2 points (______) was a major contributor to continental trade growth between the United States, Mexico, and Canada because it eased quotas, tariffs, and customs procedures. Selected Answer: • Question 7 2 out of 2 points The health of a given economy can be measured in part by the number of exports it has relative to the number and economic value of its imports. Selected Answer: • Question 8 2 out of 2 points Foreign investment does not include the outbound investment of host country capital into foreign economies. Selected Answer: • Question 9 0 out of 2 points Multinational corporations (MNCs) are often divided into three broad groups based on (___), (____), and (_____). Selected Answer: • Question 10 0 out of 2 points United States imports primarily come from the following countries: China, Canada, Mexico, and Germany. Selected Answer: • Question 11 2 out of 2 points Economic health is considered (______) when a country imports considerably more than it exports. Selected Answer: • Question 12 2 out of 2 points The (_________) is home to some of the world’s leading hardware and software manufacturers. Selected Answer: • Question 13 2 out of 2 points Sanctions refer to the taxes on imported goods. Selected Answer: • Question 14 2 out of 2 points In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances. Selected Answer: • Question 15 2 out of 2 points (______) are the characteristics that are unique to an individual’s learning experiences or character. Selected Answer: • Question 16 2 out of 2 points When a firm in one nation exchanges products, services, resources, or capital with a firm located in another nation, this exchange constitutes a(n) (_________). Selected Answer: • Question 17 0 out of 2 points Any corporation or enterprise that manages production establishments or delivers services in at least three countries may be considered a MNC. Selected Answer: • Question 18 2 out of 2 points Improvement in transportation, advances in communications technology, and trade-friendly legislation have all contributed to the desire to produce a seamless global economy. Selected Answer: • Question 19 2 out of 2 points A low individualism ranking typifies societies of a more collective nature with close ties between individuals. Selected Answer: • Question 20 2 out of 2 points Government leaders increasingly cite (__________) as a reason for withholding foreign aid or debt relief. Selected Answer: • Question 21 2 out of 2 points Judaism is a (_______) religion which believes that the world was created by a single, all-knowing divinity. Selected Answer: • Question 22 2 out of 2 points An (_______) status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born. Selected Answer: • Question 23 2 out of 2 points An achieved status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born. Selected Answer: • Question 24 2 out of 2 points Muslims base their doctrine on the teachings in the Bible. Selected Answer: • Question 25 0 out of 2 points (___________) exacerbate the misunderstandings that arise when trying to communicate a message. Selected Answer: Ignorance • Question 26 2 out of 2 points Language affects communication in two ways: (1) (_____________) and (2) (______________). Selected Answer: • Question 27 2 out of 2 points The (___________) provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person. Selected Answer: • Question 28 2 out of 2 points Primary social groups tend to involve small numbers of individuals and are characterized by intimate and informal interaction. Selected Answer: • Question 29 2 out of 2 points (_______) people especially value the satisfactory completion of interactions with others. Selected Answer: • Question 30 2 out of 2 points A high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity. Selected Answer: • Question 31 0 out of 2 points The study of culture must include (________) and (_______). Selected Answer: • Question 32 2 out of 2 points Transparency International provides guidelines for organizations wishing to develop anticorruption programs. Selected Answer: • Question 33 2 out of 2 points People in particularistic cultures share the belief that general rules, codes, values and standards take precedence over particular needs and claims of friends and relations. Selected Answer: • Question 34 2 out of 2 points Confucianism consider it to be a philosophy of life not a religion. Selected Answer: • Question 35 0 out of 2 points (___________) applied the subset of cultural dimensions to the field of business management, segregating them into independent areas to be further divided in order to get a more precise understanding. Selected Answer: • Question 36 2 out of 2 points In a predominantly communitarian culture, people place the (_______) before the (______). Selected Answer: • Question 37 2 out of 2 points A strong correlation exists between (_______) and (_________). Selected Answer: • Question 38 2 out of 2 points Primary responsibility for the presentation of evidence and legal arguments lies with the judge. Selected Answer: • Question 39 2 out of 2 points Many nations, most notably the U.S., are considered free market economies; however, no nation operates with a true free-market economy. Selected Answer: • Question 40 2 out of 2 points The United Nations and other global monitoring agencies classify nations with the lowest economic status as (___________) nations. Selected Answer: • Question 41 2 out of 2 points (____________) can hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses. Selected Answer: • Question 42 2 out of 2 points If the quota is extremely low or if a tariff is unreasonably high, (_________) may attempt to push goods through a country’s borders without paying the proper taxes. Selected Answer: • Question 43 2 out of 2 points Tariffs are economic and trade sanctions against targeted foreign countries, groups, organizations, and individuals. Selected Answer: • Question 44 2 out of 2 points Nations that lack adequate (_________) tend to experience hyper-inflation or depression. Selected Answer: • Question 45 2 out of 2 points Corruption has been identified by several international organizations as the greatest single barrier to economic development worldwide. [Show More]

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