California State University, East BayMKTG 310Exam 1 review ( all answers 100% CORRECT )

Document Content and Description Below

Exam 1 Name: JuliAnne Reyes TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1 pt each 1) The most of global markets currently are markets for consumer products. ... 1) False 2) Size of a country’s economy is directly proportional to GNI per capita in that country 2) True 3) When comparing 2 economies, the size of the GDP is more important than the growth rate in GDP. 3) True 4) World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment. 4) False 5) A current trend in international business is the decline of medium-sized and small multinationals, known as mini-multinationals.5) False 6) The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace. 6) False 7) A firm does not have to become a multinational enterprise to engage in international business. 7) False 8) The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. 8) True 9) The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each other. 9) False 10) A nation's legal system is usually of very little interest to international business managers, because international businesses are headquartered in different countries.10) False 11) Judges under a civil law system have more flexibility than those under a common law system. 11) False 12) Contracts under a civil law system tend to be very detailed with all contingencies spelled out. 12) False 13) To facilitate international business, property rights are defined in a consistent way across countries. 13) False [Show More]

Last updated: 1 year ago

Preview 1 out of 21 pages