Chapter 1 - Overview of Int'l Business
Just-in-time systems are used by firms to:
a) store important data
b) manage inventory
c) monitor production
d) screen job applicants
b) manage inventory
Which country has the highest per capita income in North America?
a) the United States
b) Central America
c) Canada
d) Mexico
a) the United States
Statutory law is primarily based on ________.
A) legislative actions
B) historic precedents
C) moral judgments
D) religious beliefs
A) legislative actions
In which country is nepotism valued?
A) the United States
B) Great Britain
C) France
D) China
D) China
The Unites States limits foreigners to ________ ownership of U.S. television and radio stations.
A) 25 percent
B) 49 percent
C) 67 percent
D) 99 percent
A) 25 percent
International business originally consisted of___.
a) licensing
b) FDI
c) international trade
d) contract manufacturing
c) international trade
The countries of North America produce approximately ____ percent of the world's output.
A) 18
B) 29
C) 45
D) 52
B) 29
________ is the foundation of the legal systems in the United Kingdom and its former colonies.
A) Common law
B) Civil law
C) Religious law
D) Bureaucratic law
A) Common law
Which of the following is not a component of social structure?
A) individual roles
B) stratification of society
C) individual mobility within society
D) societal dress codes within regions
D) societal dress codes within regions
What country holds the world's largest land mass?
A) the United States
B) Russia
C) China
D) Canada
B) Russia
_____ is the buying of products made in other countries for use or resale in one's own country.
a) Exporting
b) Importing
c) Merchandising
D) Transporting
________ is the money sent out of a politically or economically unstable country to one perceived as a safe haven.
A) Invoicing currency
B) Flight capital
C) Capital substitution
D) Foreign currency
B) Flight capital
________ is based on a codification of what is and is not permissible.
A) Common law
B) Civil law
C) Statutory law
D) Religious law
B) Civil law
Which form of family is most emphasized in the United States?
A) nuclear
B) extended
C) blended
D) ancestral
A) nuclear
The World Bank classifies the Four Tigers as ________.
A) developing
B) middle-income
C) newly developed
D) high-income
D) high-income
Which term refers to the location of a parent company's headquarters?
a) host country
b) home country
c) local country
b) home country
The European Union is comprised of ________ countries, after the withdrawal of the United Kingdom.
A) 12
B) 15
C) 22
D) 27
D) 27
The foundation of the legal system in China is ________.
A) common law
B) civil law
C) religious law
D) bureaucratic law
D) bureaucratic law
Social stratification refers to how people in a society are ______.
A) sorted for housing
B) identified by families
C) paid for employment
D) categorized by attributes
D) categorized by attributes
Which results in a loss of assets?
A) repatriation
B) confiscation
C) expropriation
D) inflation
B) confiscation
Any organization that engages in cross-border commercial transactions with individuals, private firms, and/or public sectors is called a(n) ______.
International Business
Which country is the largest trading partner to the United States?
Canada
Name a sanction countries can place on other countries. (There are several, name one)
A) boycotts
B) embargoes
D) removal of preferential tariffs
U.S. firms' first exporting efforts often focus on which country?
Canada
McDonald's has licensed its brand name, operational systems, and trademarks to individual restaurant owners in Europe. This is called international ________.
Franchising