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BUSI 303 Exam 1 (Version 2) Liberty University answers complete solutions, All Answers Correct!
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BUSI 303 Exam 1 (Version 2) Liberty University answers complete solutions, All Answers Correct!
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Terms in this set (40)
The industrial revolution heralded the All of the above
introduction of which of the following? Mass
production
Improved transportation
Technological progress
All of the above
Economic health is considered positive when True
a country exports considerably more than it
imports?
A global business must consider the FALSE
differences of scope, economic health,
cultural influences, and management skills
from a domestic business?
Which of the following is NOT a driving force Increased restriction on foreign investments.
of Globalization?
Reductions in barriers to trade
Increased restriction on foreign investments
Rise of the multinational corporation
Advances in communications and
transportation technologies
Globalization has impacted what aspects of Political, economic, social, and cultural.
the international community members?
The global business manager must possess a FALSE
strong domestic awareness and must
understand the unique factors that
contribute to the success of a global
business, including formal education.
All of the following occurred during the Information was considered to be a scarce resource
Information Age except?
The personal desktop computer became a
common place house hold fixture
Radio and telephone networks were wide
spread in developed nations
Information was considered to be a scarce
resource
, Which of the following is NOT true regarding ISO provides a cooperative venue for establishing guidelines and cooperation in free-
ISOs? trade markets
ISO standards specify the requirements for
state-of-the-art products, services,
processes, materials and labor
ISO stands for The International
Organization for Standards
ISO provides a cooperative venue for
establishing guidelines and cooperation in
free-trade markets
ISO standards are designed to be
implemented worldwide
Which of the following is a barrier to trade? Sanctions
Mergers/acquisitions
Subsidies
Sanctions
Operational Risk
The prime characteristics and outcomes of Transparency
globalization include?
Assimilation and integration of various
cultures
Transparency
Seamless national marketplace
Dependencies among nations
Reductions in barriers to trade and foreign Driving forces
investments, advances in
communication/transportation technologies,
and the Multinational Corporation are all of
globalization.
Globalization has created what critics refer True
to as a melting pot or clash of various
cultural identities?
What is less effective for products with Transparency
brand recognition or differentiation?
Pax Americana, Latin for "American peace," is FALSE-
the period of relative peace in the Western Actually occurred after WWII in 1945
world since the end of World War I in 1918,
coinciding with the dominant military and
economic position of the U.S.?
Barriers to trade include all of the following FDI
except?
Quotas
FDI
Embargoes
Tariffs
The Renaissance was characterized by a FALSE -
marked surge in manufacturing techniques This was the industrial age
that included mass assembly, electricity, and
new forms of propulsion.
International exchange is a recent concept? FALSE
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