Liberty University BUSINESS 600 test 1

•             Question 1

2 out of 2 points

                Significant fluctuations in (__________) can reduce the actual value of each dollar that a foreign investor has vested in his or her foreign portfolio, potentially prompting the investor to withdraw from a market entirely.                                    

                Selected Answer:                                           

•             Question 2

2 out of 2 points

                Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets.                                       

                Selected Answer:

•             Question 3

2 out of 2 points

                Which of the following is not included in the set of shared categories that characterizes a culture?                                           

                Selected Answer:                                           

•             Question 4

2 out of 2 points

                The Industrial Revolution technically could be traced to the invention of the telephone and the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of the microprocessor.                                               

                Selected Answer:

•             Question 5

2 out of 2 points

                (____) is the information that a candidate possesses in the area of given disciplines.                                      

                Selected Answer:                                           

•             Question 6

2 out of 2 points

                The Industrial Revolution heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.                                       

                Selected Answer:

•             Question 7

0 out of 2 points

                Africa was one of the oldest examples of an international trading community.                                   

                Selected Answer:

•             Question 8

0 out of 2 points

                The North American Free Trade Agreement was enacted to provide uniform standards and rules of engagement to a growing international trade market.                                   

                Selected Answer:

•             Question 9

2 out of 2 points

                Ownership control risk can be defined as the risk of monetary losses resulting from inadequate or failed internal processes, people, and systems.                                             

                Selected Answer:

•             Question 10

2 out of 2 points

                Foreign direct investment allows domestic firms to receive capital financing from foreign entities.                                           

                Selected Answer:

•             Question 11

2 out of 2 points

                (_______) is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets.                                        

                Selected Answer:                                           

•             Question 12

2 out of 2 points

                ISO standards are designed to be implemented worldwide.                                       

                Selected Answer:

•             Question 13

2 out of 2 points

                The (_________) is home to some of the world’s leading hardware and software manufacturers.                                          

                Selected Answer:                                           

•             Question 14

2 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 15

2 out of 2 points

                Which of the following is not one of the ways political risks can be classifies?                                      

                Selected Answer:                                           

•             Question 16

2 out of 2 points

                (______) are the characteristics that are unique to an individual’s learning experiences or character.                                     

                Selected Answer:                                           

•             Question 17

2 out of 2 points

                Modern trade history began with the exploration of the Western Hemisphere by (_____) in 1492.                                         

                Selected Answer:                                           

•             Question 18

2 out of 2 points

                Pax Americana, Latin for “American peace,” is the period of relative peace in the Western world since the end of World War II in 1945, which coincided with the dominant military and economic position of the U.S.                                        

                Selected Answer:

•             Question 19

2 out of 2 points

                A high power distance ranking indicates that inequalities of power and wealth are present within a society.                                        

                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

                In sequentialism, time moves forward, second by second, minute by minute, hour by hour, in a straight line.                                     

                Selected Answer:

•             Question 22

2 out of 2 points

                Socially responsible organizations investigate ways in which to reinvest in those communities by readily contributing in terms of growth and economic development.                                    

                Selected Answer:

•             Question 23

2 out of 2 points

                As a result of OECD investigations in the mid -1970s, over four-hundred U.S. companies admitted making questionable or illegal payments in excess of $300 million to foreign government officials, politicians, and political parties.                                               

                Selected Answer:

•             Question 24

2 out of 2 points

                Low-context culture refers to societies where people tend to have many connections of shorter duration.                                         

                Selected Answer:

•             Question 25

0 out of 2 points

                The Bible contains the core beliefs of Christianity.                                           

                Selected Answer:

•             Question 26

2 out of 2 points

                Primary groups often involve small or large numbers of individuals, are task oriented, and are characterized by impersonal and formal interaction.                                         

                Selected Answer:

•             Question 27

2 out of 2 points

                Congress enacted the (___________) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system.                                               

                Selected Answer:                                           

•             Question 28

2 out of 2 points

                In the (____), Confucius revealed the step by step process by which one attains self- development and by which it flows over into the common life to serve the state and bless mankind.                                 

                Selected Answer:                                           

•             Question 29

0 out of 2 points

                In a neutral culture, people do not object to a display of emotions.                                         

                Selected Answer:

•             Question 30

2 out of 2 points

                Muslims base their doctrine on the teachings in the (_________).                                          

                Selected Answer:                                           

•             Question 31

0 out of 2 points

                In (____)-context cultures enforceable contracts will tend to be in writing, precisely worded, and highly legalistic.                                               

                Selected Answer:                                           

•             Question 32

0 out of 2 points

                (___________) exacerbate the misunderstandings that arise when trying to communicate a message.                                

                Selected Answer:                                           

•             Question 33

2 out of 2 points

                When conducting international business, humor should be avoided.                                      

                Selected Answer:

•             Question 34

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 35

2 out of 2 points

                For Muslims, the (________) is the word of God and the carrier of the revelation of (_______) who is the last and most perfect of God’s messengers to mankind.                                               

                Selected Answer:                                           

•             Question 36

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 37

2 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 38

2 out of 2 points

                The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees.                                           

                Selected Answer:

•             Question 39

2 out of 2 points

                In an collectivist environment, people are motivated by self-interest and achievement of personal goals.                                            

                Selected Answer:

•             Question 40

2 out of 2 points

                Local content requirements do not hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses.                                              

                Selected Answer:

•             Question 41

2 out of 2 points

                Property can be classified as both (_______) and (__________).                                           

                Selected Answer:                                           

•             Question 42

2 out of 2 points

                (_________) are the main beneficiaries of trade, which also makes them the primary victim of (_________).                                  

                Selected Answer:                                           

•             Question 43

2 out of 2 points

                A market economy is also known as a (____________), which is an economic system where the production and distribution of goods and services takes place through the mechanism of free markets.                                

                Selected Answer:                                           

•             Question 44

0 out of 2 points

                (__________) per person is often used as a measure of the welfare of the citizens of a country.                                             

                Selected Answer:                                           

•             Question 45

0 out of 2 points

                The Human Resource Report includes a number of human development indicators that provide a global assessment of country achievements in different areas of human development.                                             

                Selected Answer:

•             Question 46

0 out of 2 points

                (________) prohibits the producer of the product from improving the quality of the product during the waiting period.                      &nbs