Business in a Global Society Question Bank
Course Introduction
This course explores the dynamics of conducting business in an increasingly interconnected world. Students will examine how globalization influences economic, political, and cultural environments, and how multinational enterprises operate across diverse markets. Key topics include international trade, cross-cultural management, global supply chains, ethical considerations, and the impact of technological advancements on global commerce. Through case studies and real-world examples, students will gain insight into the challenges and opportunities of doing business internationally, developing skills necessary for effective decision-making in a global context.
Recommended Textbook
Introduction to Global Business 1st Edition by Julian Gaspar
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15 Chapters
1250 Verified Questions
1250 Flashcards
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Page 2
Chapter 1: The Rise of Globalization
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87 Verified Questions
87 Flashcards
Source URL: https://quizplus.com/quiz/19341
Sample Questions
Q1) The rules, enforcement mechanisms, and organizations that support market transactions are referred to as _____.
A) industries
B) companies
C) businesses
D) corporations
E) institutions
Answer: E
Q2) Countries that are implementing more open trade and free market policies are called ______.
Answer: emerging market economies
Q3) The _____ describes the perceived economic gap between countries or people with easy access to digital and information technology and those with very limited or no access.
A) bandwith
B) digital era
C) digital divide
D) gigabyte number
E) Y2K gap
Answer: C
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Chapter 2: The Evolution of International Business
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88 Verified Questions
88 Flashcards
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Sample Questions
Q1) Agreements, sometimes temporary, between countries (or a group of countries)that aim at achieving certain trade outcomes refers to _______.
Answer: managed trade
Q2) Of the following statements about foreign direct investment, which is NOT true?
A) FDI in a country brings funds and business culture from abroad.
B) Governments all over the world try to create a business-friendly environment to attract such investments.
C) FDI creates new well-paying jobs.
D) Foreign investors have little faith in high-income economies such as Canada.
E) Foreign investment flows are generally based on long-term global or country outlook. Answer: D
Q3) A tax on imports levied as a constant percentage of the monetary value of one unit of the imported good refers to ______.
Answer: ad valorem tariff
Q4) _______ refers to regulations that limit the amount or number of units of products that can be imported to a country.
Answer: Import quotas
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Chapter 3: Regional Economic Integration
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69 Verified Questions
69 Flashcards
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Sample Questions
Q1) The union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country is known as a(n)_____.
A) customs union
B) economic union
C) free trade area
D) common market
E) political union
Answer: E
Q2) Which one of the following represents a trade agreement most likely to impact the Sarten Gas Company and its proposed trading partners?
A) NAFTA
B) ASC
C) ASEAN
D) CAFTA
E) NATO
Answer: A
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Page 5
Chapter 4: The International Flow of Funds and Exchange Rates
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108 Verified Questions
108 Flashcards
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Sample Questions
Q1) The financial account of the BOP consists of three subaccounts: 1)U)S.-owned assets abroad, 2)foreign-owned assets in the U.S., and 3)_____.
A) a foreign direct investment
B) a financial account
C) a risk premium
D) a balance of transfers
E) net financial derivatives
Q2) Acquisitions of a foreign company, creation of new manufacturing or research facilities abroad, and expansion of an existing plant in a foreign country are all examples of _____.
A) foreign direct investment
B) a current balance account
C) a risk premium
D) a balance of transfers
E) net financial derivatives
Q3) In a free-market-oriented foreign exchange market, major currency values are determined by the demand for and supply of currencies; this is called the fixed floating exchange rate system.
A)True
B)False
Page 6
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Chapter 5: The Cultural Environment
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77 Verified Questions
77 Flashcards
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Sample Questions
Q1) Mexican business executives who buy business-to-business products from U.S. suppliers indicate that "knowledge of the mexican culture" and "enthusiasm" were the most important cutural variables determining from which supplier they purchased. this example of which of the four charecteristics of culture which is important for global companies to recognize?
A) Culture is larned, not inherited.
B) It is nearly impossible to change an entire county's culture.
C) It is the responsibility of the global firm to ascertain the level of importance of various aspects of culture in the foreign markets it serves.
D) Companies' operations, chiefly marketing and management, need to recognize and adjust to the cultural environment existing in the countries the global company serves.
E) Culture is inherited, not learned.
Q2) The Chinese philosophy that denotes friendship among unequals involving unlimited exchanges of favors; thus, it is not based upon sentiment is referred to as "_____".
Q3) Briefly describe the four characteristics of culture important for global companies.
Q4) The _________ variable refers to how rewards in a society are handed out.
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Chapter 6: The Legal and Political Environment of Global Business
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101 Verified Questions
101 Flashcards
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Sample Questions
Q1) _______ or "buyer beware"; involves placing the burden of determining product safety on consumers.
Q2) Which of the following laws provides for (after a certain deductible)U.S. government insurance coverage for the risk of a U.S. business or property being attacked by a "foreign person or foreign interest?"
A) Foreign Corrupt Practices Act
B) Overseas Private Investment Act
C) Terrorism Risk Insurance Act
D) Antitrust Act
E) United We Stand Act
Q3) _____ establishes which violations of a nation's laws are crimes punishable by possible incarceration.
A) Democratic
B) Common
C) Theocratic
D) Representative
E) Criminal
Q4) Differentiate between contract law and tax law.
Page 8
Q5) Explain the three primary kinds of legal systems.
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Chapter 7: Corruption and Ethics in Global Business
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59 Verified Questions
59 Flashcards
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Sample Questions
Q1) The Foreign Corrupt Practices act consist of two parts: an anti-bribery provision and a requirement to comply with green standards.
A)True
B)False
Q2) Corporate social responsibility refers only to the company's obligations to its stockholders and investors.
A)True
B)False
Q3) Which of the following is not a fundamentals of ethics education suggested by AACSB?
A) Personal integrity
B) Emotional intelligence
C) Ethical leadership
D) Corporate governance
E) Responsibility of business in society
Q4) ________ is a report published each year by Transparency International, providing metrics to the potential corruption risk for 180 countries.
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Chapter 8: Entry Strategies in Global Business
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73 Verified Questions
73 Flashcards
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Sample Questions
Q1) In 1993, Coca-Cola acquired major assets of Parle Exports in India, it instantly received access to Parle's huge national bottling and distribution network. This is an example of a(n)
A) subsidiary
B) multinational enterprise
C) foreign acquisition
D) strategic alliance
E) divestiture
Q2) The Coca-Cola company has operations in more than 140 countries and generates more that 55 percent of its profits from its overseas operations. Coca-Cola's annual profits are, therefore, more stable than those of a firm that focuses upon the U.S. market alone. Coca-Cola is engaging in _____.
A) importing
B) diversification
C) a merger
D) a joint venture
E) an exchange rate movements
Q3) Briefly describe Dunning's Eclectic Theory of Foreign Direct Investment.
Q4) Differentiate between strategic alliances and international joint ventures.
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Chapter 9: Control of Global Business
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) ________ are organizations that implement a basic market strategy of concentrating upon existing operations and defending their home turf.
Q2) The stakeholder model of strategy formulation believes businesses exist to benefit not just their shareholders, but also all the various groups that have a meaningful stake in their operations. Such groups, for example, might include a company's employees, customers, and the community where it operates.
A)True
B)False
Q3) Michael Dell, the founder of Dell Corporation, interacted directly with every single employee during the early days of the company. Michael was practicing _____ control.
A) interpersonal
B) intrapersonal
C) bureaucratic
D) output
E) input
Q4) Describe the importance of mission in an organization's strategy making process.
Q5) A ________ is a written statement of why a company exists and what it plans to accomplish.
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Chapter 10: The Organization of Global Business
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Sample Questions
Q1) A ________ refers to one type of organizational structure in which functions are grouped together to serve the needs of products, markets, or geographical regions.
Q2) C.K. Prahalad postulates that stateless corporations represent the _____ stage of globalization.
A) first
B) second
C) third
D) fourth
E) fifth
Q3) Hilton Hotels Corporation has the following divisions which cater to different customer classes around the world: Hilton, Hilton Garden Inn, Doubletree, Embassy Suites, Hampton, and Timeshares. Hilton Hotels Corporations has a _____ structure.
A) matrix
B) product
C) geographical region
D) market
E) hybrid
Q4) Describe the different types of divisional structures using visual diagrams.
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Page 12
Chapter 11: Global Human Resource Management
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76 Verified Questions
76 Flashcards
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Sample Questions
Q1) Statistics reflect how immigration laws and the ability of foreign-born individuals to work in a given country vary widely throughout the world. In Japan, _____ percent of the labor force in is foreign born.
A) 25.7
B) less than 1
C) 46.5
D) about 33
E) more than 50
Q2) Although the global economic recession that began in 2008 increased unemployment rates throughout the world, some countries have faced persistently higher rates of unemployment than others.Unemployment rates in Eastern European countries such as Poland and the Slovak Republic consistently have been in the _____ percent range.
A) 15
B) 25
C) 35
D) 40
E) more than 50
Q3) Differentiate between outsourcing and offshoring. Analyze the pros and cons of these practices.
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Chapter 12: Global Marketing
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96 Verified Questions
96 Flashcards
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Sample Questions
Q1) In the _____ stage of the product life cycle, sales and profits rapidly increase and profits reach a maximum during the latter part of this stage.
A) maturity
B) growth
C) decline
D) introduction
E) commercialization
Q2) _____ refers to the percentage of purchases in a category a buyer gives to one vendor.
A) Performance price
B) Share of wallet
C) Containerization
D) Dumping
E) Gray marketing
Q3) The marketing strategy which involves pursuing a standardization strategy in foreign markets when possible and an adaptation one when necessary refers to ______.
Q4) International shipments using different modes of transportation refers to _____.
Q5) A product that can be sold in most world markets is a _____.
Q6) Explain the objectives that are applicable to international pricing decisions.
Page 14
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Chapter 13: Global Operations and Supply-Chain Management
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86 Verified Questions
86 Flashcards
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Sample Questions
Q1) When the goods dominate the value of the product, the production system is typically called a ________.
Q2) Microchips and jewelry are examples of goods with
A) low fixed costs.
B) no minimum efficient scale.
C) low value-to-weight ratio.
D) highly wasted fixed costs in location decision.
E) high value-to-weight ratio.
Q3) Most of the activities in operations management can be grouped into the following business functions EXCEPT:
A) procurement
B) logistics
C) production
D) research and development
E) selling
Q4) When the goods dominate the value of a product, it is typically called a manufacturing system.
A)True
B)False
Q5) The sites where production takes place are called __________.
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Chapter 14: Global Financial Management
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) The ______ is the weighted average of different interest rates paid on long-term borrowings.
Q2) The short- term effects of currency movements on the consolidated accounting statements of a firm represents a ______ risk.
Q3) Bonds that are sold in any country outside the home country, but in the home country's currency, are called government bonds.
A)True
B)False
Q4) ______ allow firms to exchange currencies at a previously agreed exchange rate as a way to hedge exchange rate movements.
Q5) Differentiate between futures contract and forward contract. Provide an example of each.
Q6) _______ risks are the ways in which long-term exchange rate movements impact firms.
Q7) ______ is a U.S. government export finance agency that supports U.S. firms competing against exports of other countries that are government supported.
Q8) Does exchange rate risk affect firms' cash flows and its stock value? Explain.
Page 16
Q9) Derivatives market run by large banks refers to _____.
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Chapter 15: Accounting and Taxation in Global Business
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74 Verified Questions
74 Flashcards
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Sample Questions
Q1) Of the following, which is NOT a LOWER level of authoritative accounting literature?
A) Interpretations issued by the FASB
B) APB Statements
C) AICPA Issues Papers
D) Minutes of the FASB Emerging Issues Task Force
E) Guidelines published by SEC and other regulatory agencies
Q2) Statement that summarizes the revenues earned and the expenses incurred by a business over a period of time is called the ______.
Q3) Briefly explain how financial statement analysis can be used to evaluate a company's financial situation.
Q4) _____ refers to an independent, privately funded accounting standard-setter based in London, U.K., that issues International Financial Reporting Standards.
A) GAAP
B) SFAS
C) IASB
D) IFRS
E) PAWS
Q5) Describe and differentiate between the US GAAP and the International GAAP.
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