Liberty University BUSI 604 International Business Test 1
• Question 1
0 out of 2 points
(______) and (______) consistently rank as two of the leading suppliers to the United States, making up over 25 percent of total trade to the U.S.
Selected Answer:
• Question 2
2 out of 2 points
(_____) have been constructed to prevent domestic companies from employing underage workers—even in foreign countries.
Selected Answer:
• Question 3
2 out of 2 points
The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows: United States, China, Germany, Japan, and United Kingdom.
Selected Answer:
• Question 4
2 out of 2 points
(___________) is the official measure of total output of goods and services in a nation’s economy.
Selected Answer: Gross Domestic Product (GDP)
• Question 5
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital financing from foreign entities.
Selected Answer:
• Question 6
2 out of 2 points
(______) was a major contributor to continental trade growth between the United States, Mexico, and Canada because it eased quotas, tariffs, and customs procedures.
Selected Answer:
• Question 7
2 out of 2 points
The health of a given economy can be measured in part by the number of exports it has relative to the number and economic value of its imports.
Selected Answer:
• Question 8
2 out of 2 points
Foreign investment does not include the outbound investment of host country capital into foreign economies.
Selected Answer:
• Question 9
0 out of 2 points
Multinational corporations (MNCs) are often divided into three broad groups based on (___), (____), and (_____).
Selected Answer:
• Question 10
0 out of 2 points
United States imports primarily come from the following countries: China, Canada, Mexico, and Germany.
Selected Answer:
• Question 11
2 out of 2 points
Economic health is considered (______) when a country imports considerably more than it exports.
Selected Answer:
• Question 12
2 out of 2 points
The (_________) is home to some of the world’s leading hardware and software manufacturers.
Selected Answer:
• Question 13
2 out of 2 points
Sanctions refer to the taxes on imported goods.
Selected Answer:
• Question 14
2 out of 2 points
In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances.
Selected Answer:
• Question 15
2 out of 2 points
(______) are the characteristics that are unique to an individual’s learning experiences or character.
Selected Answer:
• Question 16
2 out of 2 points
When a firm in one nation exchanges products, services, resources, or capital with a firm located in another nation, this exchange constitutes a(n) (_________).
Selected Answer:
• Question 17
0 out of 2 points
Any corporation or enterprise that manages production establishments or delivers services in at least three countries may be considered a MNC.
Selected Answer:
• Question 18
2 out of 2 points
Improvement in transportation, advances in communications technology, and trade-friendly legislation have all contributed to the desire to produce a seamless global economy.
Selected Answer:
• Question 19
2 out of 2 points
A low individualism ranking typifies societies of a more collective nature with close ties between individuals.
Selected Answer:
• Question 20
2 out of 2 points
Government leaders increasingly cite (__________) as a reason for withholding foreign aid or debt relief.
Selected Answer:
• Question 21
2 out of 2 points
Judaism is a (_______) religion which believes that the world was created by a single, all-knowing divinity.
Selected Answer:
• Question 22
2 out of 2 points
An (_______) status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born.
Selected Answer:
• Question 23
2 out of 2 points
An achieved status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born.
Selected Answer:
• Question 24
2 out of 2 points
Muslims base their doctrine on the teachings in the Bible.
Selected Answer:
• Question 25
0 out of 2 points
(___________) exacerbate the misunderstandings that arise when trying to communicate a message.
Selected Answer: Ignorance
• Question 26
2 out of 2 points
Language affects communication in two ways: (1) (_____________) and (2) (______________).
Selected Answer:
• Question 27
2 out of 2 points
The (___________) provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person.
Selected Answer:
• Question 28
2 out of 2 points
Primary social groups tend to involve small numbers of individuals and are characterized by intimate and informal interaction.
Selected Answer:
• Question 29
2 out of 2 points
(_______) people especially value the satisfactory completion of interactions with others.
Selected Answer:
• Question 30
2 out of 2 points
A high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
Selected Answer:
• Question 31
0 out of 2 points
The study of culture must include (________) and (_______).
Selected Answer:
• Question 32
2 out of 2 points
Transparency International provides guidelines for organizations wishing to develop anticorruption programs.
Selected Answer:
• Question 33
2 out of 2 points
People in particularistic cultures share the belief that general rules, codes, values and standards take precedence over particular needs and claims of friends and relations.
Selected Answer:
• Question 34
2 out of 2 points
Confucianism consider it to be a philosophy of life not a religion.
Selected Answer:
• Question 35
0 out of 2 points
(___________) applied the subset of cultural dimensions to the field of business management, segregating them into independent areas to be further divided in order to get a more precise understanding.
Selected Answer:
• Question 36
2 out of 2 points
In a predominantly communitarian culture, people place the (_______) before the (______).
Selected Answer:
• Question 37
2 out of 2 points
A strong correlation exists between (_______) and (_________).
Selected Answer:
• Question 38
2 out of 2 points
Primary responsibility for the presentation of evidence and legal arguments lies with the judge.
Selected Answer:
• Question 39
2 out of 2 points
Many nations, most notably the U.S., are considered free market economies; however, no nation operates with a true free-market economy.
Selected Answer:
• Question 40
2 out of 2 points
The United Nations and other global monitoring agencies classify nations with the lowest economic status as (___________) nations.
Selected Answer:
• Question 41
2 out of 2 points
(____________) can hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses.
Selected Answer:
• Question 42
2 out of 2 points
If the quota is extremely low or if a tariff is unreasonably high, (_________) may attempt to push goods through a country’s borders without paying the proper taxes.
Selected Answer:
• Question 43
2 out of 2 points
Tariffs are economic and trade sanctions against targeted foreign countries, groups, organizations, and individuals.
Selected Answer:
• Question 44
2 out of 2 points
Nations that lack adequate (_________) tend to experience hyper-inflation or depression.
Selected Answer:
• Question 45
2 out of 2 points
Corruption has been identified by several international organizations as the greatest single barrier to economic development worldwide.
