Question : 111.Universal Lingo, a UK based language translation company employing just : 1299189

111.Universal Lingo, a UK based language translation company employing just 65 people worldwide, has an annual turnover of $1.5 million. In this context, Universal Lingo is most likely to be classified as a(n):  

A. large domestic firm.

B. mini-multinational firm.

C. localized company.

D. limited company.

E. multinational giant.

112.In the present times, many of the former Communist nations of Europe and Asia:  

A. are closed for Western international businesses.

B. are committed to democratic politics.

C. are against free market economics.

D. have prohibited the use of the Internet by small multinationals.

E. have highly developed economies.

113.Which of the following statements is true about the former communist nations of East Europe and central Asia?  

A. These countries show no commitment toward democratic and free-market policies.

B. These countries have completely moved away from the unstable totalitarian and authoritarian form of government.

C. These economies are yet essentially closed to Western international businesses.

D. Businesses in these economies tend to be characterized by high risks as well as high returns.

E. Compared to the rest of the world, the economies of many of the former Communist states are more developed.

114.Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do business with former Communist nations of East Europe and central Asia?  

A. The high levels of economic development in these countries

B. The signs of growing unrest and totalitarian tendencies seen in these countries

C. A strong commitment to market-based economic systems seen in these countries

D. The collapse of communism in these countries

E. Low returns involved in doing business in these countries

115.Which of the following statements is true about the implications of revolutions occurring in China for international businesses?  

A. China is moving away from free market economic system.

B. China represents a huge and largely untapped market for international business.

C. Between 1983 and 2010, the foreign direct investment in China decreased dramatically.

D. China’s new firms have failed to be capable competitors in the global market.

E. China is continuously discouraging the use of free market economy.

116.In the past two decades, majority of Latin American countries have:  

A. experienced a decline in the health of their economies.

B. sold state-owned enterprises to private investors.

C. been characterized by low growth, high debt, and hyperinflation.

D. restricted investment by foreign firms.

E. discouraged both democracy and free market reforms.

117.Which of the following statements is true about the global economy of the twenty first century?  

A. National economies are becoming less integrated into a single and interdependent economic system.

B. The number of nations joining the ranks of the developed world has reduced.

C. Countries have extensively adopted liberal economic policies.

D. There are fewer instances of state-owned businesses privatized and markets being opened to more competition.

E. The world is currently moving toward an economic system that is more unfavorable for international business.

118.Which of the following statements is true about the general implications of globalization?  

A. Globalization is inevitable.

B. From a purely economic perspective, globalization is all good.

C. Globalization has no negative impacts on the economies of the developed world.

D. Globalization has reduced the risks associated with global financial contagion.

E. As a result of globalization, a severe crisis in one region of the world can affect the entire globe.

119.An argument in support of the falling barriers to international trade and investment is that the falling barriers:  

A. prohibit countries from specializing in the production of goods and services.

B. drive the global economy toward greater prosperity.

C. reduce the need to export jobs overseas.

D. increase the bargaining power of business firms by decreasing the incomes of consumers.

E. reduce attacks from foreign competitors.

120.”Exporting jobs” to low-wage nations has contributed to:  

A. higher living standards in those countries that “export” the jobs.

B. higher unemployment in wealthy advanced economies such as the United States.

C. increase in the income levels in those nations that “export” the jobs.

D. lower standards of living in those countries in which the jobs are exported.

E. reduced specialization in the production of goods and services.