MULTIPLE CHOICE QUESTIONS

With respect to the environment in which a business operates, such factors as competition, legal restrains, government controls, and the weather would all be examples of what are called:

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Multiple Choice Questions

26 According to the text, all of the following events have impacted international business EXCEPT:

A) the Indian Ocean tsunami in 2004

B) the high-tech bust of 2001

C) the steroids in major league sports scandal

D) 2003 SARS outbreak in Asia

E) 9/11

Answer: C Page: 4 Difficulty: Easy Type: Comprehension

27 Of all the events and trends affecting global business today, four stand out as the most dynamic Which of the following would be one of those events?

A) The trend toward buying American cars in Europe

B) The trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe

C) The trend toward using English as the global language

D) The trend toward establishing a world currency

E) None of the above is among the trends mentioned in the chapter

Answer: B Page: 5 Difficulty: Moderate Type: Comprehension

28 All of the following events and trends are among the four major trends described in the chapter as having a major impact or effect on global business EXCEPT:

A) the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe

B) the rapid growth of the World Trade Organization and regional free trade areas such

as NAFTA and the European Union

C) the burgeoning impact of the Internet and other global media on the dissolution of national borders

D) the trend toward decreasing oil company profits in the 21st century

E) the mandate to properly manage the resources and global environment for the generations to come

Answer: D Page: 5 Difficulty: Hard Type: Comprehension

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29 Every American company is international, at least to the extent that:

A) Federal law requires all corporations to outsource whenever it is cost-effective B) the Internet generates orders for all American businesses from abroad

C) its business performance is affected by events that occur abroad

D) natural disasters create a greater global community

E) all of the above

Answer: C Page: 5 Difficulty: Hard Type: Fact

30 Simi Khan wants to move his business into the international arena as quickly as possible; however, to be successful he must consider a variety of factors that have global

dimensions Which of the following factors would be most important to Simi Khan's computer technology business as he moves forward with his global expansion plans? A) Electricity usage around the world

B) The drive toward a more ergonomic workplace

C) Communication and technology networks in third-world countries

D) Restrictions on advertising in Russia

E) Increasing licensing fees in Spain and Portugal

Answer: C Page: 5 Difficulty: Moderate Type: Application

31 Foreign investment in the United States is growing yearly At present, foreign investment

in the United States is in excess of $2.6

A) trillion

B) million

C) billion

D) thousand

E) cannot be determined The government does not track foreign investment

Answer: A Page: 6 Difficulty: Moderate Type: Fact

32 Companies from lead in foreign investment in the United States:

A) Kingdom of Saudi Arabia

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33 Foreign investment is a two-way street An organization (through investment and

acquisition) from which of the following countries now controls all United Kingdom rail freight business and runs the queen's private train via its English, Welsh, & Scottish Railway unit?

Answer: C Page: 7 Difficulty: Hard Type: Fact

34 Many U.S firms do exceedingly well in the global arena Which of the following

organizations is considered to be the U.S leader with global revenues approximated at

Answer: D Page: 9, Exhibit 1.2 Difficulty: Moderate Type: Fact

35 For firms venturing into international marketing for the first time, the first requirement is:A) visas for all executives involved in the venture

B) a thorough and complete commitment to foreign markets

C) a visit to the consulate of the country being targeted

D) an assessment of the cost of doing business in the foreign market

E) performance reviews of all potential salespeople being considered for foreign

assignment

Answer: B Page: 9 Difficulty: Moderate Type: Fact

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36 _ is the performance of business activities designed to plan, price, promote, and direct the flow of a company's goods and services to consumers or users in more thanone nation for a profit

A) Global management

B) Global business

C) Marketing

D) International marketing

E) Global marketing concept

Answer: D Page: 9 Difficulty: Moderate Type: Definition

37 The performance of business activities designed to plan, price, promote, and direct the flow of a company's goods and services to consumers or users in more than one nation for a profit is called:

Answer: E Page: 9 Difficulty: Moderate Type: Definition

38 The only difference between the definitions of domestic marketing and international marketing is that marketing activities:

A) focus on consumers in domestic markets and barterers in foreign markets

B) take place in more than one country

C) follow traditional communication paths in domestic markets

D) focus on distribution in the domestic market

E) are usually non-regulated in foreign markets

39 According to the text, the primary difference in the practice of marketing at the domestic versus the international level is:

A) the environment within which the marketing plans must be implemented

B) the revenues necessary to be successful

C) the demand charts available to the marketer

D) the control over the budget

E) the accountability of board of directors

Answer: A Page: 10 Difficulty: Hard Type: Comprehension

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40 With respect to the environment in which a business operates, such factors as

competition, legal restrains, government controls, and the weather would all be examples

of what are called:

Answer: B Page: 9 Difficulty: Easy Type: Definition

41 All of the following would be considered to be controllable elements of marketing decisions EXCEPT:

A) product

B) price

C) promotion

D) research

E) all of the above are considered to be controllable elements of marketing

Answer: E Page: 9 Difficulty: Easy Type: Definition

42 Considering the model of the international marketing task displayed in the text, which of the following reasons demonstrates the most important difference between the

international marketer's task and that of the domestic marketer?

A) The international marketer must deal with at least two levels of uncontrollable uncertainty instead of one

B) The international marketer must rely on at least two levels of controllable certainty instead of one

C) The international marketer is never certain about demand

D) The international marketer is never certain about supply

E) All of the above are valid differences between the international and domestic

marketing task

Answer: A Page: 10, Exhibit 1.3 Difficulty: Moderate Type: Comprehension

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43 Robert Jonas is in charge of a new marketing effort directed toward Peru In order for hiscompany to effectively market and distribute to all of Peru's major cities, Mr Jonas must devise a logistics plan for crossing the Andes Mountains on a daily basis Which of the following foreign environment uncontrollable variables would be a chief concern as Mr Jonas devises his plan?

Answer: C Page: 10, Exhibit 1.3 Difficulty: Moderate Type: Application

44 Compared to the foreign environment uncontrollable variables, which of the following elements is excluded from the domestic marketer's list of uncontrollable variables? A) Political/legal forces

Answer: D Page: 10, Exhibit 1.3 Difficulty: Hard Type: Comprehension

45 All of the following would be among the domestic marketer's controllable environmental variables EXCEPT:

Answer: E Page: 10, Exhibit 1.3 Difficulty: Moderate Type: Comprehension

46 All of the following appear as a foreign environment uncontrollable variable in the model

of the international marketing task shown in the text EXCEPT:

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47 Amy Sims has been assigned the task of preparing a marketing plan for company for the next year's business activities She knows that she should begin her plan by examining the variables that she has some control over These controllable variables would include price, product, channels-of-distribution, and:

Answer: E Page: 11 Difficulty: Easy Type: Fact

48 A political decision involving _ would most likely have a direct effect

on a firm's international marketing success

A) domestic foreign policy

B) retirement age

C) the makeup of a board of directors

D) farm subsidies

E) airline regulation

49 Which of the following would be a chief way that U.S companies attempt to influence domestic foreign policy?

A) A company could lobby with respect to its own interests

B) A company could attempt to bribe elected officials to influence policy decisions C) A company could ask a foreign government to bring pressure on U.S legislative bodies

D) A company could threaten to withdraw operations from foreign markets

E) A company could threaten to move its corporate headquarters to a foreign market Answer: A Page: 11 Difficulty: Hard Type: Comprehension

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50 Competition within the home country can have a profound effect on the international marketer's task Which of the following BEST illustrates this statement?

A) Boeing recently opened talks with its primary trade union to avoid a forecasted strike.B) Microsoft and Dell have joined a consortium to investigate the technology of the future

C) Fuji opened a $300 million plant in the U.S and now commands a 12 percent share

of the lucrative U.S film market

D) Several name companies are still under investigation because of the Enron scandal E) All of the above are good illustrations of the statement

51 With respect to challenges faced by the international marketer, a significant source of uncertainty is the number of factors in the:

A) foreign environment controllables

B) foreign environment uncontrollables

C) domestic environment controllables

D) parallel environment uncontrollables

E) parallel environment controllables

Answer: B Page: 12 Difficulty: Easy Type: Comprehension

52 Ralph Waite has just been assigned the task of reviewing his company's international investment opportunities He knows that his view of the list of opportunities should be tempered by foreign environment uncontrollables that might be encountered Which of the following would be the BEST illustration of a foreign environmental uncontrollable that Mr Waite should investigate?

A) A country's level of technology

B) Pricing policies in the foreign country

C) The ability to do research in the foreign country

D) Manufacturing capabilities in the foreign country

E) The ability to do advertising in the foreign country

Answer: A Page: 12 Difficulty: Hard Type: Application and Comprehension

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53 The _ is an uncontrollable element that can often be misread because of the vast differences that may exist between developed and undeveloped countries A) structure of distribution

B) competitive forces

C) economic forces

D) political/legal forces

E) level of technology

Answer: E Page: 12 Difficulty: Hard Type: Fact

54 The _ and issues abroad are often amplified by the “alien status” of the company, which increases the difficulty of properly assessing and forecasting the

dynamic international business climate

Answer: D Page: 13 Difficulty: Moderate Type: Fact

55 Which of the following would be the BEST illustration of the “alien status” found in the political and legal arena that sometimes cause problems for international marketers as they attempt to do business in foreign countries?

A) A company in the U.K recently purchased Ben & Jerry's ice cream operations B) The Indian government told Coca-Cola that it must reveal its “secret formula” if it wished to continue do business in India

C) Richard Branson's Virgin Cola was not widely accepted in the United States

D) French Canadians prefer French to English when conducting business in Canada E) None of the above is a good illustration of the political/legal forces issue

Answer: B Page: 13 Difficulty: Moderate Type: Application

56 Global businesses must be willing to adjust and adapt a marketing program to a foreign market In a broad sense, the environmental uncontrollable elements constitute the: A) problem

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57 The task of is the most challenging and important one confronting

international marketers

A) care for the environment

B) dealing with politics

C) international standardization

D) cultural adjustment

E) international branding

Answer: D Page: 14 Difficulty: Moderate Type: Comprehension

58 Which of the following would be the BEST example to illustrate the fact that

international marketers need to make cultural adjustments as they seek to do business abroad?

A) In America, white is an accepted color for wedding gowns; in Asia it is the color of mourning

B) Many teens earn extra income by working

C) Women out number men in the United States

D) Most Middle Eastern women do not work outside the home

E) Many European nations require a period of national service for youth

Answer: A Page: 14 Difficulty: Hard Type: Application

59 is the conscious effort on the part of the international marketer to

anticipate the influences of both the foreign and domestic uncontrollable factors on a marketing mix and then adjust the marketing mix to minimize the effects

A) Standardization

B) Adaptation

C) Segregation

D) Segmentation

E) None of the above matches the statement

Answer: B Page: 15 Difficulty: Moderate Type: Definition

60 The primary obstacles to success in international marketing are a person's _ and

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61 _ is an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions

Answer: C Page: 15 Difficulty: Moderate Type: Definition

62 In the United States, unrelated individuals keep a certain physical distance between themselves and others when talking or in groups We do not consciously think about that distance; we just know what feels right without thinking Someone from another culture would not necessarily understand this and would apply their own rules for contact when speaking The preceding is an illustration of what is called applying a _ when reviewing the mentioned social custom of contact

Answer: E Page: 15 Difficulty: Moderate Type: Application

63 Your can prevent you from being aware that there are cultural differences

or from recognizing the importance of those differences

Answer: D Page: 16 Difficulty: Easy Type: Comprehension

64 The most effective way to control the influence of ethnocentrism and is to recognize their effects on our behavior

A) the self-reference criterion (SRC)

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65 To avoid errors in business decisions, it is necessary to conduct a cross-cultural analysis that isolates the self-reference criterion influences Which of the following would be the BEST first-step to take to avoid the aforementioned errors?

A) Redefine the problem without the SRC influence

B) Solve the problem for the optimum business goal situation

C) Isolate the SRC influence in the problem and examine it carefully to see how it complicates the problem

D) Define the business problem or goal in home-country cultural traits, habits, or norms E) Define the business problem or goal in foreign-country cultural traits, habits, or norms through consultation with natives of the target country

Answer: D Page: 17 Difficulty: Hard Type: Comprehension and Application

66 Which of the following steps in a cross-cultural analysis to isolate self-reference criterioninfluences would finalize the process and lead to a solution of the problem?

A) Redefine the problem without the SRC influence and solve the problem for the optimal business goal situation

B) Isolate the SRC influence in the problem and examine it carefully to see how it complicates the problem

C) Define the business problem or goal in home-country cultural traits, habits, or norms D) Define the business problem or goal in foreign-country cultural traits, habits, or norms through consultation with natives of the target country

E) The last step is not indicated in the list of alternatives

Answer: A Page: 17 Difficulty: Easy Type: Comprehension and Application

67 To be globally aware, an international marketer must have all the following EXCEPT: A) a tolerance of cultural differences

B) a knowledge of cultures

C) a knowledge of history

D) a knowledge of physiology

E) a knowledge of world market potential

Answer: D Page: 17 Difficulty: Easy Type: Fact

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68 Successful businesspeople in the twenty-first century have _ and a frame of reference that goes beyond a region or even a country and encompasses the world A) a sense of fashion

B) global awareness

C) an intimate knowledge of ecological problems

D) a consumer mind-set

E) a pronounced skill in promotion

69 There are a variety of stages in the process of becoming involved in international

marketing Which of the following best describes the stage of development where the company's products reach a foreign market through no conscious effort on the part of the marketer?

A) Infrequent foreign marketing

B) Regular foreign marketing

C) No direct foreign marketing

E) Global marketing

Answer: C Page: 18-20 (19) Difficulty: Easy Type: Comprehension

70 If a marketer is motivated to enter into an international marketing effort because of temporary surpluses in the domestic market, which of the following stages BEST

characterizes the stage of international marketing involvement for this marketer?

A) Infrequent foreign marketing

B) Regular foreign marketing

C) No direct foreign marketing

E) Global marketing

Answer: A Page: 18-20 (19) Difficulty: Moderate Type: Comprehension

Multiple Choice Questions

26 The United States has many successful trade relationships Four of these relationships account for a tremendous volume of trade All of the following countries are among the top four producers of trade for the U.S EXCEPT:

Answer: D Page: 28, Exhibit 2.1 Difficulty: Moderate Type: Fact

27 For every dollar the United States invested in the economic development and rebuilding

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of other countries after World War II, hundreds of dollars returned in the form of purchases of U.S goods and services The primary plan after World War II used to rebuild and reinvigorate war ravaged countries was the:

Answer: B Page: 29-30 Difficulty: Hard Type: Fact and Application

28 With respect to international trade, MNC stands for:

A) Municipal, National, and County districts

B) Multilateral and National Cartels

C) Multinational Corporations

D) Military and National Control districts

E) None of the above

Answer: C Page: 30 Difficulty: Moderate Type: Fact and Definition

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29 With respect to the nationality of the world's 100 largest industrial corporations, the United States is home to the largest number of the top 100 firms Which of the following countries is home to the second largest number of these firms?

Answer: A Page: 32, Exhibit 2.2 Difficulty: Moderate Type: Fact and Application

30 After 1888, the United States had unparalleled growth and a favorable balance of trade until _ After this date, the United States has a negative balance of trade A) 1950

B) 1963

C) 1968

D) 1971

E) 1985

Answer: D Page: 32 Difficulty: Hard Type: Fact

31 Recent economic growth in what country has contributed significantly to global demand for resources?

Answer: B Page: 33 Difficulty: Hard Type: Fact

32 The system of accounts that records a nation's international financial transactions is calledits:

A) trade balance

B) national accounts system

C) EX-IM (exports-imports) account

D) balance of payments

E) none of the above

Answer: D Page: 35 Difficulty: Moderate Type: Definition

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33 A nation's balance-of-payments statement records all financial transactions between: A) its member states and its primary trading partners

B) its residents and those of the rest of the world during a given period of time

C) its suppliers and receivers

D) profit and nonprofit organizations over a five-year period of time

E) its top 100 companies and the global top 100 companies

Answer: B Page: 35 Difficulty: Moderate Type: Definition and Fact

34 A balance-of-payments statement includes three accounts Two of those accounts are the current account and the capital account What is the third account found on the balance-of-payments statement?

Answer: E Page: 35-36 Difficulty: Hard Type: Fact and Comprehension

35 Which of the following would be the balance-of-payments account that is a record of all merchandise exports, imports, and services plus unilateral transfers of funds?

Answer: A Page: 35 Difficulty: Hard Type: Definition

36 The marketing manager for Healthy Horse Products wants to export to Australia but learns the labeling requirements are quite difficult to comply with limiting imports This

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37 Which of the following has been effective in reducing tariffs but not in preventing

protectionism?

A) GATT

B) the United Nations

C) the International Monetary Fund

D) the World Court

Answer: E Page: 37 Difficulty: Moderate Type: Fact andComprehension

38 All of the following would be considered to be reasons for adopting an attitude of

protectionism with respect to world trade EXCEPT:

A) to protect religious beliefs

B) protection of an infant industry

C) protection of a home market

D) the need to keep money at home

E) to encourage capital accumulation

Answer: A Page: 37-38 Difficulty: Hard Type: Comprehension

39 Randall Smithe-Jones believes that protectionism is the only way to save the United Kingdom from outside competitors He has seen small business after small business go bankrupt because cheaper foreign goods have been more popular The UK has just started a cell-phone manufacturing industry and Smithe-Jones' company is one of the first

to try their hand at cell-phone manufacturing Which of the following would probably bethe argument that Smithe-Jones would use to persuade his government representatives that protectionism is still needed in the U.K.?

A) Protection of an infant industry

B) The need to keep money at home

C) Conservation of natural resources

D) National defense

E) The industrialization of a low-wage nation

Answer: A Page: 37 Difficulty: Moderate Type: Application and Comprehension

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40 Section 301 of the Omnibus Trade and Competitiveness Act authorizes the U.S

government to _ and _against specific foreign trade barriers judged to be unfair

A) suppress and attack

B) educate and substantiate

C) investigate and retaliate

D) market and dominate

E) None of the above Section 301 lists the number of members of the WTO

Answer: C Page: 38, Crossing Borders 2.1 Difficulty: Hard Type: Comprehension andFact

41 A(n) is simply a tax imposed by a government on goods entering at its borders.A) quota

B) trade penalty

C) tariff

D) boycott

E) embargo

Answer: C Page: 40 Difficulty: Easy Type: Definition

42 generally do all of the following: increase inflationary pressures and special interests' privileges; decrease balance-of-payments positions; and, restrict competition A) Tariffs

B) Voluntary export restraints

C) Orderly market agreements

D) Monetary barriers

E) Quotas

Answer: A Page: 40 Difficulty: Moderate Type: Comprehension and Application

43 In general, are arbitrary, discriminatory, and require constant administration and supervision

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44 A specific unit or dollar limit applied to a particular type of good is called a(n):

45 All of the following would be considered to be nontariff barriers that could be erected to restrict trade EXCEPT:

Answer: B Page: 40, Exhibit 2.6 Difficulty: Moderate Type: Comprehension

46 Which of the following types of nontariff barriers would be considered to be “specific limitations on trade” by international marketers?

A) Fees

B) Export subsidies

C) Voluntary export restraints

D) Embargoes

E) Packaging, labeling, or marking standards

Answer: D Page: 40, Exhibit 2.6 Difficulty: Hard Type: Comprehension

47 Cybil Chan has been asked by her company to review a series of published nontariff barriers that is used by the Hong Kong Port Authority to control customs and

administrative entry procedures Which of the following nontariff barriers should Ms Chan look for under the category called customs and administrative entry procedures? A) Orderly marketing agreements

B) Voluntary export restraints

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48 Exporting countries sometimes agree to voluntary export restraints (VER) as an

alternative to the threat of:

A) expulsion

B) disorderly marketing agreements

C) stiffer quotas and tariffs

D) export subsidies

E) standardization disparities

Answer: C Page: 42 Difficulty: Moderate Type: Comprehension and Application

49 An agreement between the importing country and the exporting country for a restriction

on the volume of exports is called a(n):

Answer: C Page: 42 Difficulty: Easy Type: Definition

50 When the United States refuses to sell goods to Iran because of the perception that the country harbors radicals and terrorists, the refusal is called a(n):

A) boycott

B) embargo

C) tariff

D) orderly market agreement

Answer: B Page: 42 Difficulty: Moderate Type: Definition and Application

51 is accomplished by refusing to allow importers to exchange its national currency for the seller's currency

A) Boycotted money

B) Embargoed capital

C) Blocked currency

D) Anti-banking

E) International cartel dissolution

Answer: C Page: 42 Difficulty: Hard Type: Definition and Fact

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52 The practice of is a particularly ingenious method of controlling imports as it encourages the importation of goods the government deems desirable and discourages importation of goods the government does not want

A) a differential exchange rate

B) blocked currency

C) boycott

D) embargo

E) all of the above fit the definition

Answer: A Page: 42 Difficulty: Moderate Type: Comprehension

53 The function of an exchange permit is to:

A) regulate the supply of money

B) cut-off all exchange

C) require that importers gain permission to exchange an amount of local currency for foreign currency

D) protect monopolies

E) limit pornographic or harmful merchandise from the domestic market

Answer: C Page: 43 Difficulty: Moderate Type: Comprehension and Definition

54 Tall Pine Plywood Company has just received notice that a shipment of plywood (2 metric tons) has been rejected by Japanese customs because the knotholes commonly found on a plywood sheet are too large This would be an illustration of which of the following nontariff barriers to trade?

Answer: E Page: 43-44 Difficulty: Easy Type: Application

55 According to the material provided in the text, a new nontariff barrier that was designed

to prevent foreign producers from using predatory pricing is called:

A) quotas

B) fees

C) standards

D) antidumping laws

Answer: D Page: 44-45 Difficulty: Moderate Type: Comprehension

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56 _ is the practice whereby a foreign producer intentionally sells their products in the United States for less than the cost of production to undermine the competition and take control of the market

A) Basing point pricing

B) Offensive pricing

C) Defensive pricing

D) Counterpoint pricing

E) Predatory pricing

Answer: E Page: 44 Difficulty: Moderate Type: Definition

57 Which of the following U.S trading partners has become the chief concern of

governmental and economic planners?

A) the United Kingdom

B) Japan

C) Germany

D) Canada

E) China

58 Which of the following acts was designed to deal with trade deficits, protectionism, and the overall fairness of our trading partners?

A) the World Trade Organization Act

B) the Omnibus Trade an Competitiveness Act of 1988

C) the League of Nations Act of 1920

D) the Hawley-Smoot Tariff Act of 1930

E) the International Monetary Fund Act

Answer: B Page: 45 Difficulty: Moderate Type: Fact and Comprehension

59 Protesters have often disagreed with the work of the WTO Where did the first great protest against globalization and WTO policies and plans occur?

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60 All of the following activities or organizations are designed to support the growth of international trade EXCEPT:

A) GATT

B) WTO

C) IPO

D) the World Bank

E) International Monetary Fund (IMF)

Answer: C Page: 46 Difficulty: Moderate Type: Comprehension

61 Shortly after World War II, the United States and 22 other nations signed

_ to pave the way for the first effective worldwide tariff agreement A) the General Agreement on Tariffs and Trade (GATT)

B) the Trade Related Investment Measures (TRIM)

C) the World Trade Organization (WTO) agreement

D) the International Monetary Fund (IMF) agreement

E) the World Bank act

62 One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that: A) no nation shall unfairly create tariffs against another

B) all tariffs shall be abolished among member nations by 2010

C) the World Court shall review all claims and make final judgments

D) trade shall be conducted on a nondiscriminatory basis

E) all of the above are elements of GATT

63 The Uruguay Round of the WTO achieved many significant breakthroughs in trade One

of the most significant was of particular interest to those in the technology field Which

of the following was considered to be a significant breakthrough of the Uruguay Round? A) Trade-Related Aspects of Intellectual Property Rights (TRIPs)

B) Trade-Related Investment Measures (TRIMs)

C) Trade-Related Accounting Procedures (TRAPs)

D) Trade-Related Operational Methods (TROMs)

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64 The World Trade Organization was created during which of the following GATT Rounds?A) Seattle

B) Uruguay

C) Paris

D) Berlin

E) Moscow

65 Unlike GATT, the WTO issues decisions

66 The ratification of the WTO by the United States was challenged in the U.S Congress forall of the following reasons EXCEPT:

A) possible loss of sovereignty over its trade laws to the WTO

B) the lack of veto power by the U.S

C) the ability of a WTO member to challenge trade laws of individual states

D) the amount of funds that must be supplied to the WTO to run its organization

E) all of the above were challenge reasons according to the text

67 One of the most popular ways to circumvent WTO guidelines for free trade has been for acountry to impose:

A) antidumping duties

B) tariffs

C) quotas

D) fees

E) all of the above

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68 As Taki Muri readies his company to pursue lucrative markets in the United States He isapprehensive about running afoul of U.S antidumping laws He has always thought that these laws were constructed just to keep competitors out However, he also believes (as many other foreign competitors believe) that one way around the U.S antidumping laws deals with a question of interpretation Which of the following is the best description of the interpretation loophole that Mr Muri that believes will work to his benefit?

A) the definition of what a product is

B) the definition of what a price is

C) the interpretation of what “selling below cost” is

D) the interpretation of what a foreign good is

E) all of the above are considered to be loopholes

69 According to the WTO, which of the following is the definition of dumping?

A) Moving questionable goods into a market that does not want them

B) Flooding a market with so many goods that prices are depressed

C) Taking excess capacity of one nation and moving that capacity to another

D) Selling a good at a lower price in the foreign market than in other markets

E) None of the above is the WTO definition of dumping

Answer: D Page: 44 Difficulty: Easy Type: Definition

70 Several nations are frustrated with the slow progress of the most recent round of WTO trade negotiations To vent this frustration, several countries are:

A) negotiating bilateral trade agreements

B) forming a rival organization

C) refusing to honor rules and regulations imposed by the WTO

D) using legal means to sue the WTO

E) doing all of the above to retaliate against the WTO

71 _ and the World Bank Group are two global institutions created to assist nations in becoming and remaining economically viable

A) The United Nations

B) The World Court

C) The International Monetary Fund (IMF)

D) The International Red Cross

E) The League of Nations

Answer: C Page: 49 Difficulty: Easy Type: Fact

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72 Which of the following is one of the primary objectives of the International Monetary Fund (IMF)?

A) The abolishment of unfavorable exchange rates for any nation

B) The abolishment of debt for impoverished nations

C) The stabilization of foreign exchange rates

D) The waiver of all debts from World War II

E) All of the above are primary objectives of the International Monetary Fund (IMF) Answer: C Page: 50 Difficulty: Easy Type: Comprehension

73 Another term for IMF special drawing rights (SDRs) is:

A) black gold

B) wealth for capitalists

C) peace in our time

D) paper gold

E) virtual dollars

Answer: D Page: 50 Difficulty: Easy Type: Definition

74 The World Bank provides all of the following to reduce poverty and improve standards ofliving EXCEPT:

A) provides loans

B) provides technical assistance

C) provides policy guidance to developing-country members

D) mock governments for a period of five years

E) provides all of the above

Answer: D Page: 50 Difficulty: Easy Type: Comprehension

75 One of the major complaints from protestors during the Seattle Round of the WTO meetings centered on:

A) the use of the automobile by the industrialized world

B) sweatshops that supplied industrial nations with goods

C) strike breaking within industrialized nations

D) the obesity of citizens of industrialized nations

E) the use of the Internet by industrialized nations

26 _ can be defined as a society's accepted basis for responding to external and internal events

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27 A society's accepted basis for responding to external and internal events is associated with which of the following terms?

28 History helps define a nation's:

A) mission

B) personality

C) wealth

D) birth rates

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29 History helps define a nation's perspective of all of the following EXCEPT:

A) the nation's mission

B) how the nation perceives its neighbors

C) how the nation sees its place in the world

D) how the nation sees itself

E) all of the following true with respect to the statement

Answer: E Page: 56 Difficulty: Moderate Type: Comprehension

30 When _ sailed to Japan in 1853, Japan was opened to the West for the first time

A) Marco Polo

B) Admiral Halsey

C) Commodore Perry

D) Admiral Pennington

E) None of the above is true

Answer: C Page: 56 (see footnote #3) Difficulty: Moderate Type: Fact

Answer: B Page: 57, Crossing Borders 3.1 Difficulty: Hard Type: Fact

32 All of the following permeate many facets of Japanese behavior EXCEPT:

A) loyalty to family

B) the strong drive to cooperate

C) the strong desire to work together for a common cause

D) loyalty to company

E) the desire to form partnerships with other nations

Answer: E Page: 57 Difficulty: Moderate Type: Comprehension

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33 Priscilla Jackson is a noted historian of the feminist movement and believes that she writes objective facts about what she sees However, like most historians, she is probablyguilty of filtering events through her own _ biases

Answer: C Page: 58 Difficulty: Hard Type: Comprehension

34 A world map sold in the United States shows the United States in the center of the page and the rest of the world surrounds it A world map sold in England shows Great Britain

at the center Which of the following phrases best describes how these differences might occur?

A) The mapmakers are wrong in their perception of the world

B) The mapmakers are expressing cultural bias and self-reference criterion perspective C) The mapmakers have been told what to draw by their respective governments

D) The mapmakers have recognized the truth about geography

E) The mapmakers are idiots and should be corrected

Answer: B Page: 58-59 Difficulty: Easy Type: Application and Comprehension

35 Which of the following statements most accurately reflects the feelings of most Mexicanstowards the United States (according to information presented in the text)?

A) In general, Mexicans trust and favor the United States above other trading partners B) In general, Mexicans trust and favor Europeans over the United States

C) Mexicans see the United States as a protector that will aid them in emerging as a world power in the twenty-first century

D) Mexicans see the United States as a threat to their political, economic, and cultural independence

E) None of the above accurately reflects statements made in the text

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36 Which of the following is the most accurate description of how U.S citizens see the Monroe Doctrine?

A) The Monroe Doctrine justifies U.S expansion into Latin America

B) The Monroe Doctrine guarantees that communism cannot enter into Latin America C) The Monroe Doctrine is rather useless in expanding or protecting U.S policies toward Latin America

D) The Monroe Doctrine is so dated that became ineffective as a policy in the 1890s E) The Monroe Doctrine was seen as protection for Latin America from European colonization and the intervention of Europe in the governments of the Western Hemisphere

Answer: E Page: 58 Difficulty: Hard Type: Comprehension and Application

37 All of the following were used by the United States to expand westward toward the Pacific in the 1800s EXCEPT:

A) financial deals

B) negotiated settlements

C) forcible annexations

D) WTO rulings

E) all of the above been used by the United States to expand its territory

Answer: D Page: 59, Exhibit 3.1 Difficulty: Moderate Type: Comprehension

38 During which of the following engagements did the United States secure California and other parts of the West?

A) The Battle of San Jacinto

B) The War of 1812

C) The Mexican War of 1836

D) The Mexican War of 1846-1848

E) The Gadsden Purchase of 1912

Answer: D Page: 59, Exhibit 3.1 Difficulty: Hard Type: Fact and Comprehension

39 Which of the following occurred during the Mexican Revolution?

A) The overthrow of dictator Diaz

B) The modern Mexican state was launched

C) Foreigners were expelled

D) North American businessmen, who were the most visible of the wealthy and

influential entrepreneurs in Mexico, were expelled

E) All of the above occurred during the Mexican Revolution

Answer: E Page: 59 Difficulty: Moderate Type: Fact and Comprehension

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40 Manifest Destiny and were accepted as the basis for U.S foreign policyduring much of the nineteenth and twentieth centuries

A) the “big stick” approach

B) the Monroe Doctrine

C) the Hays Corollary

D) the Grant Mandate

41 _ and the Monroe Doctrine were accepted as the basis for U.S foreign policyduring much of the nineteenth and twentieth centuries

A) The “big stick” approach

B) Manifest Destiny

C) The Hays Corollary

D) The Grant Mandate

42 _, in its broadest interpretation, meant that Americans were a chosen people ordained by God to create a model society

A) The Roosevelt Corollary

B) The Monroe Doctrine

C) The Hays Corollary

D) The Grant Mandate

E) The “Manifest Destiny”

Answer: E Page: 59 Difficulty: Moderate Type: Fact and Comprehension

43 The , a cornerstone of U.S foreign policy, indicated that no further Europeancolonization in the New World would be accepted

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44 All of the following were considered to be integral parts of the Monroe Doctrine

EXCEPT:

A) no further European colonization in the New World

B) abstention of the U.S from European political affairs

C) nonintervention of European governments in the governments of the Western

Hemisphere

D) European governments must pay an “entrance tax” to the U.S if trade was to occur with the Western Hemisphere

E) All of the above were parts of the Monroe Doctrine

Answer: D Page: 60 Difficulty: Moderate Type: Fact and Comprehension

45 Theodore Roosevelt applied the Monroe Doctrine with an extension that became known

Answer: E Page: 60 Difficulty: Easy Type: Fact

46 During the Mexican War of 1846-1848, the _ fought for the Mexicans against the United States This group was a battalion of defectors from the United States military

A) St Patrick's Battalion

B) Irish Republican Guard

C) Texicans

D) Runaway Brigade

Answer: A Page: 60, Crossing Borders 3.2 Difficulty: Hard Type: Fact

47 What was the overall end result of The Mexican War of 1846-1848?

A) Mexico was forced to cede half its territory to the United States

B) Mexico signed a non-aggression pact and borders stayed the same as they were before the war

C) Mexico gave up California and the U.S gave up Baja California

D) Mexico paid the U.S $5 million for war damages

E) The United States was forced to sign a pledge to never again invade Mexico

Answer: A Page: 60, Crossing Borders 3.2 Difficulty: Hard Type: Fact and

Application

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48 What policy was used to justify the American intervention in the Dominican Republic in 1905?

49 The manner in which the United States acquired the land for the Panama Canal Zone typifies _ whatever is good for the United States is justifiable A) Manifest Destiny

B) Hay Corollary

C) Wilson Mandate

D) Gadsden Policy Position

E) Roosevelt Corollary

50 All of the following have been U.S interventions in Latin America since 1945 EXCEPT: A) U.S intervention in Afghanistan in 2002

B) Popular Revolution was neutralized by U.S economic pressure (1952)

C) CIA-organized invasion overthrows Arbenz (1954)

D) U.S invasion to arrest President Noriega on charges of drug trafficking (1989) E) U.S attempts to thwart the election of Peron (1946)

Answer: A Page: 61, Exhibit 3.2 Difficulty: Hard Type: Fact

51 is the study of the earth's surface, climate, continents, countries, peoples, industries, and resources

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52 The study of the earth's surface, climate, continents, countries, peoples, industries, and resources is called:

53 Geography is part of which of the following?

A) An organization's internal environment

B) An organization's controllable external environment

C) An organization's uncontrollable external environment

D) An organization's parallel environment (controllable)

E) An organization's parallel environment (uncontrollable)

54 Larry Lam has the responsibility of doing a geographic appraisal for his company as it attempts to build a manufacturing facility in Borneo Which of the following elements ofgeography will be of particular interest to Mr Lam as he prepares an appraisal of the feasibility of a venture in this tropical country?

A) Altitude

B) Humidity

C) Temperature extremes

D) Climate

E) Mr Lam should consider all of the above factors

Answer: E Page: 63 Difficulty: Moderate Type: Application

55 Geographic features affect marketing These effects range from the obvious influences

on product adaptation to more profound influences on the development of:

A) marketing systems

B) high-level strategic statements

C) corporate executives

D) new theories of chaos management

E) all of the above

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56 All of the following have the tendency to propel less-privileged countries into further economic stagnation EXCEPT:

A) religious practices

B) climate and topography

C) civil wars

D) natural disasters

E) all of the above are causes of economic stagnation

57 Which of the following statements would best complete the statement that “countries thatsuffer the most from major calamities are:”?

A) “usually at fault.”

B) “usually helped by neighbors to overcome the difficulties.”

C) “usually among those that are prepared to handle such difficulties.”

D) “usually among the poorest in the world.”

E) all of the above could be used to complete the statement

58 As the global rush toward industrialization and economic growth accelerates,

environmental issues become:

A) more apparent

B) less important

C) easier to solve

D) the responsibility of governments to solve

E) none of the above adequately completes the sentence

59 Disruption of ecosystems, relocation of people, inadequate hazardous waste management,and industrial pollution are mostly by-products of:

A) U.S expansion

B) European expansion

C) lack of resources to solve problems

D) processes that have contributed significantly to economic development and lifestyles.E) all of the above

Answer: D Page: 66-67 Difficulty: Easy Type: Comprehension

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60 Mary Blankenship has just written her congresswoman complaining about the high taxes imposed on her by her government To quote Mary, “I don't see why I should have to paytaxes to clean up the environment I didn't dirty it up I am environmentally conscious Tax those that are not.” Which of the following statements most likely is being used by Mary to justify her response to the congressman?

A) Many people view ecological problems as a global issue rather than a national issue (an isolationist view)

B) Many people believe there is no problem (a “hole in the sand” view)

C) Many people believe that cleaning the environment is everyone's responsibility (a responsibility view)

D) Many people believe that the rich should pay for everything (a wealth-class issue or view)

E) None of these views is applicable to Mary's situation

Answer: A Page: 67 Difficulty: Moderate Type: Application

61 Which of the following is considered to be a by-product of pollution controls?

A) corporate responsibility

B) evading responsibility

C) the disposal of hazardous waste

D) increased labeling of products

E) increasing advertising to explain environmental policies

Answer: C Page: 67 Difficulty: Hard Type: Fact and Comprehension

62 Which of the following agreed to a total ban on the export of hazardous wastes by

developing nations?

B) The Basel Convention

C) NAFTA

D) The European Union

E) The Soviet Bloc

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63 A treaty among members of the requires a total ban on the export of hazardous wastes by developed nations

B) The Basel Convention

C) NAFTA

D) The European Union

E) The Soviet Bloc

64 is the concept that guides many governments and multinational

companies with respect to the wise use of resources and economic benefits

65 The term that best describes the process of wherein governments and multinational corporations agree that wise resource management and equitable distribution of benefits from the process of economic development is in everyone's best interest is called:

Answer: C Page: 67 Difficulty: Moderate Type: Definition and Application

66 The availability of _ and the ability to generate energy are the foundations of modern technology

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67 The saga of the Khian Sea illustrates the problem of:

A) survival of the fittest

B) toxic wastes as a by-product of economic and technological growth

C) the global community is not a neighborhood

D) Manifest Destiny

Answer: B Page: 69, Crossing Borders 3.6 Difficulty: Hard Type: Fact

68 All of the following help to determine today's demand for various categories of goods EXCEPT:

69 Most population experts predict that the world population will continue to grow What is the expected population of the world by the year 2050?

70 Consumers in which of the following continents or geographical areas consume the least part of total world energy consumption?

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71 Perhaps the most important deterrent to population control is:

A) ignorance

B) cultural attitudes about the importance of large families

C) income level

D) a means to secure birth control

E) the concept of machismo

Answer: B Page: 72 Difficulty: Moderate Type: Fact and Comprehension

72 Migration from rural to urban areas is largely a result of the desire for greater access to sources of:

A) energy

B) cultural adaptations, religion, and international security

C) population control, basic agricultural products, and harmonization

D) education, health care, and improved job opportunities

E) All of the above

73 At the same time that population growth is declining in the industrialized world, there are:

A) higher infant mortality rates

B) more aging people today than ever before

C) increasing pressures to have larger families

D) all of the above are true

E) none of the above is true

74 Demographic projections suggest that, in the future, the part of the world with the largest portion of people over 65 will also be the part with the fewest people under age 15 This means there will be:

A) fewer workers to support future retirees

B) taxes will be lowered on future workers to pay for benefits for the elderly

C) more under 65 workers will retire early

D) there will be pressure to prevent migration

E) all of the above

Answer: A Page: 75 Difficulty: Hard Type: Fact

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75 Trade routes represent attempts of countries to:

A) influence the course of world history through international marketing

B) prevent the United States from dominating the world

C) solicit economic and social ideas to maintain the existing culture

D) overcome economic and social imbalances created in part by geography

E) All of the above

26.The marketer's efforts are judged in for acceptance, resistance, or rejection

A) a social class context

B) a cultural context

C) a global context

D) a public relations context

27 _ is the human-made part of human environment

28 The sum total of knowledge, beliefs, art, morals, law, customs, and any other capabilities and habits acquired by humans as members of society is called:

29 When marketers first introduced the PDA to the American consumer they performed the role of being a(n) _ because the cultural impact of the product became widespread

A) gatekeeper

B) role player

C) supply creator

D) agent of change

Answer: D Page: 94 Difficulty: Moderate Type: Application and Definition

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