International Business Quiz

<p>Supply and demand of currencies (A)</p> Signup and view all the answers

<p>Four (C)</p> Signup and view all the answers

<p>Resentment against the benefiting class (D)</p> Signup and view all the answers

<p>Globalization favoring skilled individuals (B)</p> Signup and view all the answers

<p>International business will grow primarily along regional lines. (C)</p> Signup and view all the answers

<p>Foreign conditions (A)</p> Signup and view all the answers

<p>Political stability (C)</p> Signup and view all the answers

<p>To ensure the rising tide lifts all boats (D)</p> Signup and view all the answers

<p>Class stratification and lack of opportunities (A)</p> Signup and view all the answers

<p>Knowledge of social sciences (D)</p> Signup and view all the answers

<p>To distribute goods and avoid investment risks (C)</p> Signup and view all the answers

<p>It involves authorization to use licensed material (B)</p> Signup and view all the answers

<p>Mass Production (D)</p> Signup and view all the answers

<p>To reduce poverty in developing countries (B)</p> Signup and view all the answers

<p>Selling goods and services produced in the home country to other markets (D)</p> Signup and view all the answers

<p>International Bank for Reconstruction and Development and International Development Association (A)</p> Signup and view all the answers

<p>To support the stability of the international financial system (D)</p> Signup and view all the answers

<p>Assembly plants (D)</p> Signup and view all the answers

<p>Encourage ambition and competitiveness (A)</p> Signup and view all the answers

<p>They tend to be more open to outsiders (D)</p> Signup and view all the answers

<p>A preference for predictability and security (B)</p> Signup and view all the answers

<p>Bribery, fraud, and embezzlement (D)</p> Signup and view all the answers

<p>High levels of competitiveness (D)</p> Signup and view all the answers

<p>Bribery involving gifts or favors (C)</p> Signup and view all the answers

<p>They consider it threatening (C)</p> Signup and view all the answers

<p>Women are allowed to take leadership positions regardless of their asset ownership. (B)</p> Signup and view all the answers

<p>Inconsistent due to diverse value judgments (A)</p> Signup and view all the answers

<p>Equal pay for equal work is guaranteed for all employees. (D)</p> Signup and view all the answers

<p>Full employment rights and statutory benefits. (B)</p> Signup and view all the answers

<p>It complies with national laws and ILO conventions on health and safety. (A)</p> Signup and view all the answers

<p>To improve communication and effectiveness in diverse settings. (C)</p> Signup and view all the answers

<p>The organization supports independent bargaining where unions are restricted. (C)</p> Signup and view all the answers

<p>The approach to decision-making and leadership. (A)</p> Signup and view all the answers

<p>It provides a safe working environment in compliance with laws. (B)</p> Signup and view all the answers

<p>It ensures that representatives are not subjected to discrimination. (D)</p> Signup and view all the answers

<p>Disparities in career advancement opportunities. (B)</p> Signup and view all the answers

<p>It actively raises awareness and improves health and safety practices. (C)</p> Signup and view all the answers

<p>They influence perceptions of acceptable behavior. (C)</p> Signup and view all the answers

<p>Focus on networking and building trust. (C)</p> Signup and view all the answers

<p>Enhanced ability to negotiate and resolve conflicts effectively. (A)</p> Signup and view all the answers

<p>In multinational corporations with diverse teams. (A)</p> Signup and view all the answers

<p>As the enhancement of individual capabilities through education. (C)</p> Signup and view all the answers

Globalization disproportionately benefits wealthy and educated individuals, leaving others behind, creating resentment and social tension.

The difficulty for people from lower socioeconomic classes to move up the economic ladder due to globalization's requirements.

Future globalization will likely be regional rather than global, with international business following a similar regional pattern.

International business operations usually require different strategies and adaptations than domestic ones, due to varying foreign conditions.

Business managers need knowledge of business operations and social science principles to navigate their company's external environment and affect its functional departments.

Economic inequality caused by globalization can lead to social unrest and conflict.

The future of globalization will increasingly be characterized by regional trade agreements and alliances.

Operating internationally often demands adjusting business practices to suit foreign conditions.

A country has an absolute advantage in producing a good if it can produce more of it using the same amount of resources compared to another country.

A country has a comparative advantage in producing a good if it can produce it at a lower opportunity cost than another country.

Hiring foreign companies or individuals to perform tasks or functions that were previously done by domestic workers.

A record of all economic transactions between a country and the rest of the world over a specific period, showing the flow of goods, services, and assets.

Changes in the value of one currency compared to another, influenced by factors like supply and demand.

A plan by an organization to ensure women and men have equal access to resources, influence over decision-making, and fair working conditions.

An organization's commitment to ensuring women can participate and hold leadership positions in its governance regardless of asset ownership.

The principle that women and men should receive the same compensation for performing the same job duties.

An organization's commitment to guaranteeing all employees, including women, their full employment rights and statutory benefits.

Recognizing and addressing the unique health and safety needs of pregnant women and breastfeeding mothers in the workplace.

Respecting the right of employees to form and join trade unions, bargain collectively, and ensuring their representatives are not discriminated against.

Providing a safe and healthy work environment that complies with national and international standards for all employees.

Organizations' awareness of health and safety conditions in producer groups, actively working to improve these practices.

A business model where a company (franchisor) grants another company (franchisee) the right to use its brand, products, and processes in exchange for fees.

An agreement where a company (licensor) grants another company (licensee) the right to use its intellectual property, like patents, trademarks, or copyrights.

The process of converting raw materials into finished goods. It's the backbone of many economies, both free market and collectivist.

A facility where parts are brought together and assembled to create a final product. Think of a car factory.

When a company hires another company to produce goods on its behalf. They pay for production, but don't own the factory.

A partnership between two or more companies to achieve a common goal, often involving sharing risks and profits.

A manufacturing facility controlled by a single company. The company has full ownership and control over operations.

Selling goods and services produced in the home country to other countries. It's a way for businesses to expand their reach.

The various ways people from different cultures think, behave, and communicate.

The approaches and techniques used by managers to lead and motivate their teams, which vary significantly across cultures.

Prejudice or discrimination against individuals based on their gender, which manifests differently across cultures.

The moral principles and values that guide business decisions and actions, shaped by cultural norms and practices.

Cultures where building strong personal relationships and trust are crucial for successful business interactions.

Cultures where clear, concise information and efficient communication are prioritized in business dealings.

The process of adjusting business practices and communication styles to align with the values and customs of a specific culture.

A method of learning by examining real-world business scenarios to understand how cultural factors influence decision-making and outcomes.

Cultures that embrace individual freedom, independence, and self-reliance.

Cultures that emphasize assertiveness, ambition, competition, and high earnings.

Cultures that value modesty, nurturing, and public welfare.

The extent to which people feel threatened by uncertain or unknown situations.

The application of ethical principles to business practices in a global context, considering cultural differences in values and norms.

Unethical practices in business such as bribery, fraud, and embezzlement, often driven by personal gain.

The improper use of gifts, favors, or money to influence decision-making and gain personal advantage.

Illegal payments or rewards given in exchange for a favor or service.