general business data bank

| August 14, 2017

61. The European Union has
expanded to a ____-nation alliance.

a.

14

b.

12

c.

27

d.

16

e.

21

ANS:

62. Which of the following has a goal to guide the nations of the
world toward free trade and open markets?

a.

GATT

b.

WTO

c.

GLOBE

d.

EU

e.

NAFTA

ANS:

63. The ____ is a single European currency that replaced 16national currencies
and unify a huge marketplace.

a.

Mark

b.

Franc

c.

MFN

d.

Euro

e.

Pound

ANS:

64. Which organization originated and supports the idea of small
businesses operating on a global level?

a.

GLOBE

b.

EU

c.

NAFTA

d.

ASEAN

e.

GATT

65. Which of the following companies place an emphasis on their home
countries?

a.

Polycentric

b.

Geocentric

c.

Ethnocentric

d.

Global

e.

Regiocentric

ANS:

66. All of the following are components of cultural intelligence,
EXCEPT:

a.

Physical

b.

Cognitive

c.

Emotional

d.

Analytical

e.

All of these

ANS:

67. Which of the following refers to the frustration and anxiety that
result from constantly being subjected to strange and unfamiliar cues about
what to do and how to do it?

a.

Societal chaos

b.

Civilization
distress

c.

Culture confusion

d.

Societal disorder

e.

Culture shock

ANS:

68. Which of these is a low-context culture?

a.

German

b.

Chinese

c.

Korean

d.

Arab

e.

Japanese

ANS:

69. All of the following are considered emerging economies EXCEPT:

a.

Brazil

b.

Russia

c.

India

d.

China

e.

Canada

ANS:

70. The extent to which trade and investments, information, social and
cultural ideas, and political cooperation flow between countries is called:

a.

Standardization

b.

Industrialization

c.

Globalization

d.

Internationalism

e.

Linguistic
pluralism

ANS:

71. Creative Coverings is a small interior design company owned and
managed by Lisa Smith. Since the company
was established seven years ago, Lisa has only worked with clients near her
hometown in Maryland. Creative Coverings
fits into which stage of globalization?

a.

Domestic

b.

Regional

c.

International

d.

Multinational

e.

Global

ANS:

72. Exporting, licensing, and direct investing are called __________
strategies because they represent alternative ways to sell products and
services in foreign markets.

a.

globalized

b.

expansion

c.

retrenchment

d.

market entry

e.

concentrated
business

ANS:

73. For the past several years, foreign companies have invested more
in business in ________ than in any other place in the world.

a.

Brazil

b.

India

c.

China

d.

United States

e.

Russia

ANS:

74. With its large English-speaking population, _______ has numerous
companies offering services such as call-center operations, data-processing,
computer programming, and technical support.

a.

Greenland

b.

Russia

c.

China

d.

Mexico

e.

India

ANS:

75. A.R.C. is a large non-profit humanitarian aid organization that
has been forced to pull out of several African markets in recent years due to
civil wars and large-scale violence.
This demonstrates which frequently cited problem for international
companies?

a.

Political
instability

b.

Communist
governments

c.

Economic
instability

d.

Political risk

e.

Financial risk

ANS:

76. Jana has a high tolerance for the unstructured, the unclear, and
the unpredictable. She can best be
described as having:

a.

High uncertainty
avoidance

b.

Low uncertainty
avoidance

c.

High degree of
individualism

d.

Low degree of
individualism

e.

Low level of power
distance

ANS:
77. Kim, a Japanese expatriate working in Denmark, tends to use
communication primarily to build personal social relationships. She feels that relationships and trust are
more important than business. Kim is
surprised that her business associates in Denmark do not share the same
views. Based on this information, Kim
most likely grew up in what type of culture?

a.

Human-oriented

b.

Passive

c.

Assertive

d.

Low-context

e.

High-context

ANS:

78. Sam is known by his colleagues as a great communicator, with an
uncanny ability to shift speech patterns, expressions, and body language to be
in tune with people from different cultures.
Based on this example, Sam is strong in which component of cultural
intelligence?

a.

Cognitive

b.

Emotional

c.

Physical

d.

Tangible

e.

Intangible

ANS:

79. In 2010, which of the following countries formed a free trade area
with the ten countries that make up the Association of Southeast Asian Nations
(ASEAN)?

a.

Laos

b.

United States

c.

Mexico

d.

China

e.

Japan

ANS:

80. ________ is a concept that proposes that corporations can
alleviate poverty and other social ills by selling to the world’s poorest
people.

a.

Cream of the crop

b.

Skimming the barrel

c.

Bottom of the
pyramid

d.

Top of the peak

e.

Base hierarchy

ANS:

81. The Digitec company has recently decided to design and manufacture
a laptop that retails for under $50, in an effort to make information
technology available to people in places like rural Africa and rural
India. This is known as what type of
strategy?

a.

Bottom of the
pyramid strategy

b.

Skimming the barrel
strategy

c.

Cream of the crop
strategy

d.

Top of the peak
strategy

e.

Base price strategy

ANS:

82. The phases of globalization are:

a.

domestic,
international, multinational, and global

b.

global,
multinational, international, and democratic

c.

domestic,
international, multinational, and multidomestic

d.

cottage, domestic,
international, and multinational

e.

domestic, cottage,
international, and global

ANS:

83. In the ____ stage, companies may be in the competitive positioning
stage of globalization.

a.

international

b.

domestic

c.

global

d.

stateless

e.

multinational

ANS:

84. Cultural sensitivity is least important in the ____ stage of
corporate international development.

a.

domestic

b.

international

c.

multinational

d.

global

e.

interdomestic

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