Test Bank for International Management: Managing Across Borders and Cultures, 10th Edition by Deresky
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Course
International Management
Institution
International Management
Test Bank for International Management: Managing Across Borders and Cultures, Text and Cases, 10th edition 10e by Helen Deresky, Stewart R. Miller. Full Chapters test bank are included Chapter 1 to 11
1. Assessing the Environment: Political, Economic, Legal, Technological
2. Managing Interdepen...
International Management, 10e, (Deresky/Miller)
Chapter 1 Assessing the Environment: Political, Economic, Legal, Technological
1) Which of the following is characterized by networks of international linkages comprising
economic, financial, political and social markets that bind countries, institutions, and people in
an interdependent economy?
A) communism
B) nationalization
C) socialism
D) globalization
Answer: D
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
2) The pace of globalization has slowed and, in most instances, declined in part because of
________.
A) protectionism
B) fluctuating exchange rates
C) free trade agreements
D) cultural differences
Answer: A
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
3) ________ results from the lessening of trade barriers and the increased flow of goods and
services, capital, labor, and technology around the world.
A) Economic integration
B) Nationalization
C) Protectionism
D) Mercantilism
Answer: A
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
,4) In which of the following groups of trade blocs does most of today's world trade take place?
A) Middle East, China, and India
B) North America, Africa, and Canada
C) Western Europe, Asia, and the Americas
D) Saudi Arabia, Western Europe, and the Gulf
Answer: C
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
5) The ________ is the simplest and most basic form of regional integration.
A) common market
B) political union
C) customs union
D) free trade area
Answer: D
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
6) Which of the following is an example of a customs union?
A) NAFTA
B) ASEAN
C) MERCOSUR
D) EFTA
Answer: C
Difficulty: 2: Moderate
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
,7) Members of ________ allow free trade between members and agree to adopt common tariffs
and non-tariff barriers that are applied to imports from nonmember countries.
A) free trade areas
B) customs unions
C) the USMCA
D) the EFTA
Answer: B
Difficulty: 2: Moderate
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
8) A formal arrangement between two or more countries to reduce or eliminate tariffs is known
as a ________.
A) quota arrangement
B) free trade agreement
C) memorandum of association
D) memorandum of understanding
Answer: B
Difficulty: 1: Easy
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
9) Regional economic group is defined as ________.
A) an agreement among countries in a geographic region to reduce and ultimately remove tariff
and nontariff barriers to the free flow of goods, services and factors of production between each
other
B) an agreement among companies in a geographic region to reduce and ultimately remove tariff
and nontariff barriers to the free flow of goods, services and factors of production between each
other
C) an agreement among countries in a geographic region to increase tariff and nontariff barriers
to the free flow of goods, services and factors of production between each other
D) an agreement among countries in a geographic region to increase tariff and nontariff barriers
to the free flow of goods, services and factors of production with nonmember countries
Answer: A
Difficulty: 2: Moderate
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
, 10) A customs union refers to ________.
A) a group of countries committed to (1) removing all barriers to the free flow of goods and
services between each other and (2) the pursuit of a common external trade policy
B) a group of countries committed to (1) removing all barriers to the free flow of goods, services
and factors of production between each other and the (2) pursuit of a common external trade
policy
C) a group of countries committed to (1) removing all barriers to the free flow of goods and
services between each other but pursuing independent external trade policies
D) a group of countries committed to (1) removing all barriers to the free flow of goods, services
and factors of production between each other; (2) the adoption of a common currency; (3) the
harmonization of tax rates; and the (4) pursuit of a common external trade policy
Answer: A
Difficulty: 2: Moderate
Chapter: 1
Skill: Concept
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
11) A common market refers to ________.
A) a group of countries committed to (1) removing all barriers to the free flow of goods and
services between each other and (2) the pursuit of a common external trade policy
B) a group of countries committed to (1) removing all barriers to the free flow of goods, services
and factors of production between each other and the (2) pursuit of a common external trade
policy
C) a group of countries committed to (1) removing all barriers to the free flow of goods and
services between each other but pursuing independent external trade policies
D) a group of countries committed to (1) removing all barriers to the free flow of goods, services
and factors of production between each other; (2) the adoption of a common currency; (3) the
harmonization of tax rates; and the (4) pursuit of a common external trade policy
Answer: B
Difficulty: 2: Moderate
Chapter: 1
Skill: Application
LO: 1-1: To understand the global business environment and how it affects the strategic and
operational decisions which managers must make
AACSB: Application of knowledge
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