Business and Global Issues
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Course Introduction
This course explores the complex relationship between business practices and global issues, examining how international enterprises operate within the context of economic, political, social, and environmental challenges. Students will analyze topics such as globalization, international trade, sustainability, ethical decision-making, and the impact of global events on business strategy. Through case studies and current examples, the course provides insights into the opportunities and risks businesses face in the global marketplace and equips students with the critical thinking skills needed to navigate the evolving international business environment.
Recommended Textbook
International Business The Challenges of Globalization 5th Edition by John J. Wild
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16 Chapters
3050 Verified Questions
3050 Flashcards
Source URL: https://quizplus.com/study-set/2032
Page 2
Chapter 1: Globalization
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213 Verified Questions
213 Flashcards
Source URL: https://quizplus.com/quiz/40384
Sample Questions
Q1) Jeans, Unlimited has designed a new line of accessories and must build a new facility to produce them. To avoid paying tariffs when importing raw materials for processing and when exporting finished goods, the company should consider locating its assembly plant in a(n) ________.
A) developing country
B) export processing zone
C) tariff-free environment
D) import processing zone
Answer: B
Q2) ________ give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.
A) Intranets
B) Videoconferencing
C) Extranets
D) Hackers
Answer: C
Q3) The ________ is an agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.
Answer: International Monetary Fund
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Page 3
Chapter 2: Cross-Cultrual Busines
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232 Verified Questions
232 Flashcards
Source URL: https://quizplus.com/quiz/40385
Sample Questions
Q1) A ________ can differ from the dominant culture in language, race, lifestyle and values.
Answer: subculture
Q2) When speaking of culture, we tend to invoke the concept of the ________.
A) "brain drain" phenomenon
B) caste system
C) class system
D) nation-state
Answer: D
Q3) The world's second largest religion is ________.
Answer: Islam
Q4) Nations with democracy and freedom of speech do not regulate economic sectors such as broadcasting and filmmaking.
A)True
B)False
Answer: False
Q5) When we speak of culture, we usually think in terms of ________. Answer: national culture
Q6) ________ culture extends from Northwest Africa to the Middle East.
Answer: Arab
Page 4
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Chapter 3: Politics, Law, and Business Ethics
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218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40386
Sample Questions
Q1) Ethical dilemmas are similar to legal questions in that there are clear-cut right and wrong behaviors in every international business situation.
A)True
B)False
Answer: False
Q2) ________ risk threatens companies within a particular industry.
A) Local content
B) Macro
C) Property
D) Micro
Answer: D
Q3) The likelihood that a society will undergo political change that negatively affects local business activity is called ________.
A) political risk
B) investment risk
C) economic risk
D) cultural risk
Answer: A
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Chapter 4: Economic Systems and Development
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218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40387
Sample Questions
Q1) ________ is rooted in the ideology that the welfare of the group is more important than individual well-being.
Q2) Countries with the lowest economic freedom tend to have the ________ standards of living.
Q3) Free choice in a market economy gives individuals access to alternative purchase options.
A)True
B)False
Q4) In a ________, few restrictions are placed on consumers' ability to make their own decisions and exercise free choice.
Q5) The human development index (HDI) measures the extent to which a government satisfies its people's needs along all the following dimensions EXCEPT ________.
A) a decent standard of living
B) a long and healthy life
C) an education
D) rapid economic development
Q6) Nations that have the poorest infrastructures and lowest personal incomes are called ________ countries.
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Chapter 5: International Trade
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179 Verified Questions
179 Flashcards
Source URL: https://quizplus.com/quiz/40388
Sample Questions
Q1) Around half of all exports in Asia are intra-regional.
A)True
B)False
Q2) Trade dependency, once a blessing for Mexico, is now causing economic disruption as some companies shift jobs out of the country to places such as China.
A)True
B)False
Q3) Which of the following is a true statement about the above scenario?
A) Foodland has an absolute advantage in producing food.
B) Foodland has an absolute advantage in producing drinks.
C) Drinkland has an absolute advantage in producing drinks.
D) Both A and C.
Q4) An estimated 12 million U.S. jobs depend on exports, and these jobs pay more than jobs not related to international trade.
A)True
B)False
Q5) The level of ________ between certain pairs of countries often reflects the amount of trade that occurs between a company's subsidiaries in two nations.
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Chapter 6: Business-Government Trade Relations
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194 Verified Questions
194 Flashcards
Source URL: https://quizplus.com/quiz/40389
Sample Questions
Q1) Through the Overseas Private Investment Corporation, companies that invest abroad can insure against loss due to ________.
A) war, revolution, and insurrection
B) expropriation by a host-nation government
C) currency inconvertibility
D) all of the above
Q2) Countries normally self impose a(n) ________ in response to the threat of an import tariff or total ban on a product by an importing nation.
Q3) Outline the benefits and drawbacks of strategic trade policy.
Q4) Describe the role of special government agencies in promoting exports and imports.
Q5) Governments may intervene in markets to protect both imports and exports in industries deemed essential to national security.
A)True
B)False
Q6) Through the ________, companies investing abroad can insure against loss of assets due to expropriation; currency inconvertibility; and war, revolution, and insurrection.
Q7) According to its supporters, ________ helped South Korea build its chaebol.
Page 8
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Chapter 7: Foreign Direct Investment
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173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/40390
Sample Questions
Q1) ________ prohibit non-domestic companies from investing in certain industries or owning certain types of businesses.
Q2) If coffee company Maxwell House were to acquire a coffee plantation in Brazil, it might achieve market power through vertical integration.
A)True
B)False
Q3) If Happyland markets its beaches and attracts tourists, the tourism-related income would be included in its ________.
A) capital account
B) service account
C) income payments account
D) merchandise account
Q4) All of the following are part of the current account EXCEPT ________.
A) U.S. unilateral transfers
B) U.S. private assets
C) income payments on foreign assets in the U.S.
D) income receipts on U.S. assets abroad
Q5) What two factors propel growth in foreign direct investment?
Q6) The destination of most foreign direct investment inflows is ________ countries.
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Chapter 8: Regional Economic Integration
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182 Verified Questions
182 Flashcards
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Sample Questions
Q1) The ALADI, which was formed in 1980, stands for ________.
Q2) A group of nations in a geographic region undergoing economic integration is called a(n) ________.
Q3) Which of the following countries is NOT a member of the North American Free Trade Agreement (NAFTA)?
A) Mexico
B) United States
C) Venezuela
D) Canada
Q4) One country that has applied for European Union membership is ________.
A) Bulgaria
B) Czech Republic
C) Romania
D) Turkey
Q5) The Maastricht Treaty called for a common currency, monetary and fiscal targets for members, and eventual political union of the member nations.
A)True
B)False
Q6) Describe the development of the Free-Trade Area of the Americas (FTAA).
Page 10
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Chapter 9: International Financial Markets
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195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/40392
Sample Questions
Q1) If a currency's forward rate is higher than its spot rate, the currency is trading at a
Q2) An expanded money supply ________.
A) reduces the cost of borrowing
B) makes it difficult for financial institutions to lend money
C) increases the cost of borrowing
D) diminishes the entrepreneurial initiatives of a country
Q3) One goal of currency restriction is to preserve hard currencies to pay for imports and to finance trade deficits.
A)True
B)False
Q4) Which of these is a debt instrument specifying the timing of principal and interest payments?
A) Stock
B) Bond
C) Eurocurrency
D) Equity
Q5) The world's three most important financial centers are ________.
Q6) Identify and explain factors responsible for the growth of the international equity market.
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Chapter 10: International Money System
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182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40393
Sample Questions
Q1) To provide funding for countries' efforts toward economic development, the Bretton Woods Agreement created the International Bank for Reconstruction and Development.
A)True
B)False
Q2) The principle that a difference in nominal interest rates supported by two countries' currencies will cause an equal but opposite change in their spot exchange rates is called the ________.
Q3) What is the logic behind the "Big Mac Index"? Is the Big Mac an acceptable benchmark for determining what exchange rates should be? What are the limitations of such an index?
Q4) Purchasing power parity is better at predicting ________ exchange rates.
A) European
B) short-term
C) spot
D) long-term
Q5) The United States was the first nation to implement the gold standard in the early 1700s.
A)True
B)False
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Chapter 11: International Strategy and Organization
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199 Verified Questions
199 Flashcards
Source URL: https://quizplus.com/quiz/40394
Sample Questions
Q1) All of the following are true of a multinational strategy EXCEPT that ________.
A) separate strategies are developed for each nation in which a company markets its products
B) largely independent, self-contained units are often established in each national market
C) product R&D is usually located at headquarters
D) each unit functions largely as an independent company
Q2) A strategy in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry is called a(n) ________ strategy.
Q3) During the second stage of the strategy formulation process, a company does all of the following EXCEPT analyze ________.
A) the firm's primary activities
B) competitors unique abilities
C) national and international business environments
D) the firm's support activities
Q4) A strategy designed to reduce the scale or scope of a corporation's business is referred to as a(n) ________ strategy.
Q5) ________ teams help reduce waste in the production process.
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Chapter 12: Analyzing International Opportunities
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169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/quiz/40395
Sample Questions
Q1) Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?
A) Step 1: Identify basic appeal
B) Step 2: Assess the national business environment
C) Step 3: Measure market or site potential
D) Step 4: Select the market or site
Q2) For several emerging markets, Matt has collected data on the number of telephones, TVs, and fax machines per capita, and population per retail outlet, which helps determine ________.
A) country risk
B) commercial infrastructure
C) market growth rate
D) market size
Q3) Greater uncertainty in currency values likely reduces ________ in capital markets.
Q4) The process of collecting and analyzing original data and applying the results to current research needs is called primary market research.
A)True
B)False
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Page 14
Chapter 13: Selecting and Managing Entry Modes
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212 Verified Questions
212 Flashcards
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Sample Questions
Q1) A letter of credit ________ the importer's risk of nonshipment relative to advance payment.
Q2) Export/import financing in which the importer's bank issues a document stating the bank will pay the exporter when the exporter fulfills the terms of the document is called ________.
Q3) A company that exports products on behalf of an indirect exporter is called a(n)
A) distributor
B) export trading company
C) agent
D) export management company
Q4) An agreement that a company will offset a hard-currency sale to a nation by making a hard-currency purchase of an unspecified product from that nation in the future is called a(n) ________.
A) counterpurchase
B) offset
C) switch trading
D) barter
Q5) A(n) ________ requires the importer to pay when goods are delivered.
Q6) Briefly explain the different types of countertrade.
Page 15
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Chapter 14: Developing and Marketing Products
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187 Verified Questions
187 Flashcards
Source URL: https://quizplus.com/quiz/40397
Sample Questions
Q1) The black market is a marketplace of underground transactions that typically appears because a product is either illegal or tightly regulated.
A)True
B)False
Q2) Under which of these methods does a company adapt its product to the requirement of the international market while retaining the product's original marketing communication?
A) Product/communications extension
B) Product extension, communication adaptation
C) Product adaptation, communication extension
D) Product/communication adaptation
Q3) The dual extension method adapts both the product and its marketing communication to suit the target market.
A)True
B)False
Q4) A company might change its marketing communications because of a nation's laws on the promotion of products.
A)True B)False
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Chapter 15: Managing International Operations
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140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/40398
Sample Questions
Q1) The practice of buying from another company a good or service that is part of a company's value-added activities is called ________.
A) outsourcing
B) vertical integration
C) greater control technique
D) transfer pricing
Q2) The two external sources through which organizations obtain financial resources are borrowing and issuing equity.
A)True
B)False
Q3) A computer maker who decides to manufacture its own monitors and printers is engaging in ________.
A) outsourcing
B) vertical integration
C) transfer pricing
D) lower risk technique
Q4) How can companies use internal funding to finance ongoing international business activities?
Q5) Monies earned from the sale of goods and services is called ________.
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Chapter 16: Hiring and Managing Employees
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157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/40399
Sample Questions
Q1) Discuss the importance of labor unions. Compare and contrast the labor-management relations in different countries.
Q2) An expatriate who has adapted well and is successful in his/her job assignment is probably in the ________ stage of the culture shock process.
A) first
B) second
C) third
D) fourth
Q3) The positive or negative condition of relations between a company's management and its workers is called labor-management relations.
A)True
B)False
Q4) A firm making plans to reduce its workforce is undergoing decruitment.
A)True
B)False
Q5) International HRM differs considerably from HRM in a domestic setting.
A)True
B)False
Q6) Plans for reducing a company's workforce is called ________.
Page 18
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