Download D270 Midterm 40 Revision Questions With Complete And Correct Answers|27 Pages and more Exams Business Administration in PDF only on Docsity!
D270 Midterm 40 Revision Questions
With Complete And Correct Answers
Apple, a U.S. based company, decides to manufacture their iPad in Vietnam in a factory they own and then ship the products back to the U.S. to sell in America and Canada. This is an example of:
a. Offshoring
b. Reshoring
c. Onshoring
d. Outsourcing
e. Offsourcing - โ โ a. Offshoring
There has been a significant change in many political systems since the end of WWII. This can be described as ______.
a. An increase in theocratic revolutions, as people around the world looked to spirituality to guide them.
b. A rise in totalitarian revolutions as people wanted more powerful and controlling government leadership in uncertain times.
c. An increase in Socialistic revolutions as countries wanted more social justice.
d. A decrease in democratic transformations as countries around the world moved away from totalitarian systems
e. A Increase in democratic transformations as countries around the world moved away from totalitarian systems
- โ โ e. A Increase in democratic transformations as countries around the world moved away from totalitarian systems . L'Oreal Corporation in the U.S.A. sells their products to a company in South Africa. That company in South Africa then travels around the country and sells L'Oreal products to retail stores in South Africa. Those retail stores then sell the products to the people. What mode (or method) of IB is L'Oreal using to sell their products in South Africa?
a. Joint Venture
b. Distributor
c. Increases In and expansion of technology
d. Growing pressure from consumers
e. Liberalization of cross-border trade - โ โ b. Decreasing prices of natural resources
In the Carnival Cruise Lines case, Carnival lowers its taxes by all of the following EXCEPT
a. Paying substantial port fees instead of taxes during stopovers
b. Sailing in international waters outside countries' tax jurisdiction
c. Taking advantage of taxation laws in foreign countries
d. Hiring host-country nationals who pay no-taxes - โ
โ d. Hiring host-country nationals who pay no-taxes
Managers need to be very clear when giving instruction to the workers they supervise when
a. The company is in a country with a flawed democracy
b. Power distance is low
c. The society believes age equals wisdom
d. Uncertainty avoidance is high
e. The company has a philosophy of geocentrism - โ โ d. Uncertainty avoidance is high
When a company like Netflix or Disney controls much of the international entertainment industry, it often portrays American goods and American lifestyles as exciting and glamorous. This would be an example of
a. Creolization
b. Cultural imperialism
c. The spread of high-context cultures
d. The stronger with ethic typical of developed countries
e. Cultural abundance - โ โ b. Cultural imperialism
Larry, a computer programmer, works very long hours each day and believes he is responsible for his good and bad work performance. Larry probably believes in
a. Low power distance
b. Self-determination
c. Fatalism
e. I,IV - โ โ b. I,II,III,IV,V
In a culture where _______ is very high, the employees rarely ask questions to their bosses in meetings
a. Context communication
b. Geocentrism
c. Uncertainty avoidance
d. Polycentrism
e. Power distance - โ โ e. Power distance
When one group of people believe that their country is better than another country, it is an example of _____
a. Ethnocentrism
b. Geocentrism
c. Egocentrism
d. Centerism
e. Pro-cultural - โ โ a. Ethnocentrism
You watched a video in class that explained the differences between the United States and European cultures. Which of these statements is correct?
a. In Europe water is always free and comes with ice
b. European dinners in restaurants last a long time and europeans may spend hours dining
c. At most restaurants in Europe, Ketchup comes in large plastic bottles
d. In europe there are trash cans on almost every street corner making it easy to keep their streets cleaner than in the United States
e. Europeans spend more time on their mobile phones
than Americans do - โ โ b. European dinners in restaurants last a long time and europeans may spend hours dining
You work at Microsoft as the Vice President of Sales. One of your sales people tells you that he just saw a store in an Eastern European country selling counterfeit (pirated) Microsoft Office Software at a very low price. He called the police to have them stop the sales and arrest the person, but the police said they would not do anything to stop the sales because the people in that town are poor, they cannot pay the high price of the real Microsoft
d. The rule of man
e. Socialism - โ โ b. Laissez-faire
Johnson and Johnson Corporation plans to expand into some foreign countries. Senior executives want the company to focus only on locations where the rule of law prevails. Where should the company expand?
a. Emerging economies experiencing rapid growth
b. BRICS countries
c. Wealthier, westernized countries
d. Countries inclined toward totalitarian-style government
e. Developing, non-Western countries - โ โ c. Wealthier, westernized countries
- From the statements below, which one best explains why many governments have reduced their restrictions on cross-border trade and the movement of resources?
a. Most countries face shortages of workers, so they seek immigrants who can help them produce more
b. Governments believe that this will decrease the need to make their own companies more innovative
c. Consumers increasingly want to buy goods and services produced in their own countries, making restrictions less necessary
d. Governments believe that domestic producers will become more efficient as a result of foreign competitions
- โ โ d. Governments believe that domestic producers will become more efficient as a result of foreign competitions
- In one of the class lectures, you watched a video about doing business in China. It talked about the complexity of starting a business and compared the process of singapore. One of the key points from the video was________.
a. It is complicated to start a business in china, however each province uses the same system so that makes it somewhat easier
b. It is easier to start a business in China than in Singapore
In the class lecture about political systems, you watched a video about political freedom by Freedom House Organization and then Professor Davis discussed some of the reasons that political freedom seems to be in decline around the world including countries like Venezuela, Turkey and Poland. Some of the major reasons this is happening are:
I.Xenophobia
II.Governments using increased force
III.Government restricting the press
IV.Reductions is religious participation by citizens
V.Lack of progress for women
a. Only I,II and III are correct
b. II,III,IV,and V are correct
c. Only I,II, and V are correct
d. Only I,II,III and V are correct
e. Only I,II,II,IV, and V are correct
f. Only I,III,IV, and V are correct - โ โ b. II,III,IV,and V are correct
When Disneyland opened a park in Tokyo, Disney did not own the park, but made an agreement with a real estate company in Japan who would own it. The japanese company built the park, manages the park and gives Disney a percentage (or royalty) of the admission prices that consumers pay to enter Disneyland Tokyo. Which mode (or method) of Entry is Disney using in Japan?
a. Exporting
b. Equity Investment
c. Foreign Direct Investment
d. Joint Venture
e. Licensing - โ โ e. Licensing
Modern legal systems have these components:
a. Constitutional Law, Criminal Law, civil law
b. Constitutional law, criminal law, civil law, commercial law
c. Constitutional law, criminal law, commercial law
b. Chance to sell more home country goods in the host country
c. Moving simple production abroad boosts productivity at Home
d. Low wage pressures on remaining home jobs
e. Chance to lower costs - โ โ d. Low wage pressures on remaining home jobs
Imported tomatoes have become a major competitor to U.S farmers who grow tomatoes. From this list below, what is probably the most important reason for the increase in imported tomatoes coming into the U.S marketplace?
a. Cross-national cooperation
b. More people living in the U.S.A
c. Advance in communication system
d. More effective production techniques
e. Advances in transportation and logistics - โ โ e. Advances in transportation and logistics
- You are hired by a small company that makes shoes and your boss tells you the company is thinking about selling their products in foreign countries for the first time. He asks you if doing International business is more complex than domestic business. You say "yes" and he asks you "why"? You would tell him_______.
a. Most countries have laws that stop products from other countries being sold in their country
b. The differences in cultures between countries makes it more difficult to sell products in foreign countries.
c. It is hard because people around the world generally do not like to buy products made in foreign countries
d. Outsourcing and offshoring by domestic companies create more competitors in a foreign country - โ โ b. The differences in cultures between countries makes it more difficult to sell products in foreign countries.
Jerry is the vice president of manufacturing for ford. He had been asked to open the first manufacturing plant in brazil. He was told that the country has a 20% content law and asks you what "content law" means. You tell him...
b. Collectivist countries will usually be very involved in business activities
c. Those types of countries will usually not be very involved in business activities
d. These countries usually do not permit business from other countries to enter their country
e. Collectivist countries are the easiest for foriegn
business to enter - โ โ b. Collectivist countries will usually be very involved in business activities
A fundamental thesis holds that productive business activity requires fair, just and transparent laws that do which of the following?
I.Set and sustain property rights
II.Minimize the costs and complications of resolving disputes
III.Provide additional protections for foreign business
IV.Specify rules that reduce the riskiness of business transactions
V.Organize rules to protect contractual partners against abuse
a. I,II,IV, and V, but not III
b. I,II,III and V, but not IV
c. II,III,VI and V, but not I
d. I, III, IV, but not II and V
e. I,II and IV, but not III and V - โ โ a. I,II,IV, and V, but not III
The case at the beginning of chapter 2 discusses an example of cultural differences between saudis and british people. Based on the case and the chapter, we can say that this is an example of
a. Cultural collision
b. Cultural diffusion
c. British people come from a relationship-focused culture and the saudis came from a deal-focused culture
d. High-context cultures
e. Cultural imbalance - โ โ a. Cultural collision
