Quiz 1: Concept And Context Of International Management

Front 1

Internationalization is the vision of creating one world unit, a single market entity

Back 1

False

Front 2

The countries of the Association of Southeast Asian nations are challenging China's position as
destinations for low cost production and export.

Back 2

True

Front 3

The ultimate objective of the EU is to eliminate all trade barriers among member countries

Back 3

True

Front 4

A keiretsu is a government agency in South Korea

Back 4

False

Front 5

Chaebols are very large, family held Korean conglomerates that have considerable political and
economic power.

Back 5

True

Front 6

Emerging markets are developed economies that exhibit sustained economic reform and growth.

Back 6

False

Front 7

The protective principle holds that every nation has the right of jurisdiction within its legal
territory.

Back 7

False

Front 8

Under the act of state doctrine, all acts of other governments are considered to be valid by U.S.
courts, even if such acts are inappropriate in the United States.

Back 8

True

Front 9

Trade agreements do not require that trade benefits accorded to one nation be extended to other
nations' parties to that agreement.

Back 9

False

Front 10

Technology does not have the potential to displace employees holding positions traditionally
reserved for human thinking.

Back 10

True

Front 11

The global organization of countries that oversees rules and regulations for international trade and
investment, including agriculture, intellectual property, services, competition and subsidies is the:
A. WTO
B. NAFTA
C. WIPO
D. ITO

Back 11

A

Front 12

The following are characteristics of the BRIC economies except:
A. Demand for higher priced goods is expected to continue to be low in the future
B. The BRIC economies share of world growth is expected to rise to about 40% by 2025
C. Per capita income in the BRIC countries is rising
D. Demand for basic goods will be strong

Back 12

A

Front 13

_____ is New Zealand’s largest trading partner, a position it has held for many years.
A. USA
B. China
C. Australia
D. Japan

Back 13

C

Front 14

One of the biggest impediments to attracting more foreign investment in Russia is:
A. Legal mandates
B. Economic opportunities
C. Political corruption
D. Religious practices

Back 14

C

Front 15

Multinational corporations in China are faced with a multitude of problems except:
A. Government regulations
B. Questionable treatment
C. Market growth opportunities
D. Understanding what is needed from investors

Back 15

C