Humber College BUS 5571| BUS 5571 Business Strategy 2 Quizzes | Questions and Answered | Updated 100% 2026.

Humber College BUS 5571| BUS 5571 Business Strategy 2 Quizzes | Questions and Answered | Updated 100% 2026. 1. Many critics of globalization argue that outsourcing leads to increased use of ________ labour practices in developing countries. Hide answer choices 1. neo-colonialist 2. non-competitive 3. fair 4. exploitive Correct answer 5. underground 2. Question 2 1/1 Outsourcing has even extended to the Canadian ________ industry Hide answer choices 1. lumber 2. services Correct answer construction 4. mineral extraction 5. auto 3. Question 3 1/1 The relative decline of the developed countries' share of world output ________. Hide answer choices 1. will decrease prices but also reduce wages in Canada 2. will reduce the living standards of the citizens of developed countries. 3. reflects the growing economic and industrial strength of developing countries. Correct answer 4. will decrease job opportunities in Canada 4. Question 4 1/1 Sourcing goods and services from locations around the globe is known as ________. Hide answer choices ulation 2. globalization of production Correct answer 3. integration of markets 4. melding of markets 5. globalization of markets 5. Question 5 1/1 Who is responsible for policing the world trading system? Hide answer choices 1. Bank of Canada 2. The World Bank 3. International Monetary Fund 4. The World Trade Organization Correct answer6. Question 6 1/1 Economists argue that increased international trade and cross-border investments will result in ________ prices for goods and services. Hide answer choices 1. variable 2. unstable 3. stable 4. lower Correct answer 5. higher 7. Question 7 1/1 In the past decades, many countries, in addition to reducing trade barriers, have done what? Hide answer choices 1. decreased production 2. increased tariffs3. increased wages 4. removed restrictions to FDI Correct answer 5. joined the United Nations 8. Question 8 1/1 Among developing nations, the largest recipient of foreign direct investment has been which country? Hide answer choices 1. India 2. United States 3. China Correct answer 4. Canada 9. Question 9 0/1Since the 1960s, there have been two notable trends in the demographics of the multinational enterprise. These two trends have been: Hide answer choices 1. the rise of non-U.S. multinationals and the disappearance of mini-multinationals 2. the decline of non-U.S. multinationals and the decline of mini-multinationals 3. the decline of non-U.S. multinationals and the growth of mini-multinationals 4. Incorrect: the rise of U.S. multinationals and the growth of mini-multinationals 5. the rise of non-U.S. multinationals and the growth of mini-multinationals Correct answer 10. Question 10 0/1 ________ are the two macro factors that seem to underlie the trend toward greater globalization. Hide answer choices 1. The increase in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and global economic stability 2. The increase in global economic stability, and the slowdown in technological change 3.Technological change and the convergence of global product preferences 4. Incorrect: The decline in barriers to the free flow of goods, services, and capital that has occurred in the past 10 years, and the slowdown in technological change 5. The decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and technological change Correct answer1. Canada could be described as having elements of both a ________ economy and a ________ economy. Hide answer choices 1. mixed; regional 2. market; mixed Correct answer 3. command; mixed 4. command; regional 5. market; regional 2. Question 2 1/1 A form of totalitarianism in which political power is monopolized by a party, group, or individual that governs according to religious principles is called ___ Hide answer choices 1. ancestral totalitarianism 2. right-wing totalitarianism mental totalitarianism 4. theocratic totalitarianism Correct answer 5. tribal totalitarianism 3. Question 3 1/1 The Canadian legislation that makes bribery of a foreign official by a Canadian business person a criminal offense is known as what? Hide answer choices 1. Foreign Corrupt Practices Act 2. Copyright infringement 3. Bill S-21 Correct answer 4. Law OECD 1998 5. Corruption Perceptions Index 4. Question 41/1 Collectively, we refer to political, economic, and legal systems as constituting the ________ economy of a country. Hide answer choices 1. civic 2. political Correct answer 3. governing 4. domestic 5. Question 5 1/1 The ________ establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers. Hide answer choices 1. The foreign practices act 2. The United Nations Human Development 3. United Nations Convention on Contracts for the International Sale of GoodsCorrect answer 4. State directed economy 5. The Canadian Governmen 6. Question 6 1/1 The ________ system evolved in England over hundreds of years and is based on tradition, precedent, and custom. Hide answer choices 1. common law Correct answer 2. economic law 3. contract law 4. civil 5. theocratic 7. Question 7 1/1Quebec is the only province in Canada to use the ________ law. Hide answer choices 1. canon 2. judicial 3. common 4. civil Correct answer 5. French 8. Question 8 1/1 All of the following are types of economic systems except: Hide answer choices 1. mixed 2. market 3. progressive economyCorrect answer 4. command 9. Question 9 1/1 The economy and legal systems of a country are shaped by its what? Hide answer choices 1. civil system 2. governance 3. political economy 4. judiciary 5. political system Correct answer 10. Question 10 1/1 The two dimensions of political systems are interrelated; systems that emphasize ________ tend towards totalitarianism, while systems that place a high value on ________ tend to be democratic. Hide answer choices1. individualism; socialism 2. theocracy; capitalism 3. individualism; collectivism 4. collectivism; individualism Correct answer 5. socialism; individualism1. A ________ is a system of values and norms that are shared among a group of people and that when taken together constitute a design for living. Hide answer choices 1. culture Correct answer 2. fraternity 3. clique 4. society 5. more 2. Question 2 1/1 Which of the following refers to the extent to which individuals can move out of the strata into which they are born? Hide answer choices 1. vertical mobility 2. social potential3. social democracy 4. social mobility Correct answer 5. vertical potential 3. Question 3 1/1 Countries that let inequalities grow over time into inequalities of power and wealth were considered to have Hide answer choices 1. low uncertainty avoidance. 2. short-term orientation 3. high uncertainty avoidance 4. high power distance Correct answer 5. low power distance4. Question 4 1/1 ________ form(s) the bedrock of culture. Hide answer choices 1. Norms 2. Criterion 3. Personality 4. Values Correct answer 5. Religion 5. Question 5 1/1 Canada's masculinity rating is 52 as compared to Japan's which is 95. This means that Canada ________ than Japan. Hide answer choices 1. is less willing to accept high levels of risk many more women staying at home in the traditional role of housewife and mother 3. accepts males as being better adapted to be supervisors and managers 4. is more liberated and sex roles are not as sharply defined Correct answer 5. is more focused on saving money and sticking to a task 6. Question 6 1/1 Geert Hofstede isolated five dimensions that he claimed summarized different cultures. ________ is not one of Hofstede's dimensions. Hide answer choices 1. Masculinity versus femininity 2. Power distance 3. Uncertainty avoidance 4. Capitalistic versus socialistic Correct answer term versus short-term 7. Question 7 1/1 According to Hofstede's Model, which group of nations score high on the individualism scale and low on the power distance scale? Hide answer choices 1. South American nations such as Brazil, Peru, and Ecuador 2. advanced western nations such as the United States, Canada, and Britain Correct answer 3. Asian nations such as Japan, South Korea, and Singapore 4. Mid east countries such as Turkey, Syria and Iran 5. African nations such as Zaire, Sudan, and Chad 8. Question 8 1/1 ________ systems refer to a set of moral principles, or values, that are used to guide and shape behaviour. Hide answer choices 1. EthicalCorrect answer 2. Moral 3. Class 4. Norming 5. Social 9. Question 9 1/1 Nation states ______________ Hide answer choices 1. are political creations that can contain one or several cultures. Correct answer 2. can contain several cultures 3. can contain one culture 4. are political creations 5.None of the above answers 10. Question 10 1/1 ________ are norms that are central to the functioning of a society and to its social life. Hide answer choices 1. Codes 2. Policies 3. Mores Correct answer 4. Procedures 5. Norms1. ________ the skills created within subsidiaries and applying them to other operations within the firm's global network creates value. Hide answer choices 1. Cross-licensing 2. Leveraging Correct answer 3. Reducing 4. Expanding 5. Eliminating 2. Question 2 1/1 A firm's ________ can be defined as the actions that managers take to attain the goals of the firm. Hide answer choices 1. strategy Correct answer 2. plans chain 4. systems 5. operations 3. Question 3 1/1 Pressures for cost reductions can be particularly intense in industries producing commodity products where meaningful differentiation on non-price factors is difficult and ________ is the main competitive weapon. Hide answer choices 1. price Correct answer 2. sales and service 3. product attributes 4. quality 5. distribution efficiency 4. Question 4 1/1The distinguishing feature of ________ firms is that they extensively customize both their product offerings and their marketing strategy to match national conditions. Hide answer choices 1. international 2. global 3. transnational 4. mutlidomestic Correct answer 5. multinational 5. Question 5 1/1 A basic condition that determines a firm's profits is: Hide answer choices 1. government regulations 2. the amount of value customers place on the firm's goods and/or services Correct answer3. the firms's costs of distribution 4. taxes 5. variable costs 6. Question 6 1/1 Pursuing a(n) ________ strategy involves a simultaneous focus on reducing costs, transferring skills and products, and being locally responsive. Hide answer choices 1. multinational 2. transnational Correct answer 3. international 4. global 5. multidomestic 7. Question 71/1 ________ permitting, the firm will benefit by basing each value creation activity it performs at that location where economic, political, and cultural positions are most conducive to the performance of that activity. Hide answer choices 1. Distribution and resource availability 2. Production regulations 3. Resources and revenues 4. Exchange rates and transportation costs 5. Trade barriers and transportation costs Correct answer 8. Question 8 1/1 The ________ refers to the systematic reductions in production costs that have been observed to occur over the life of a product. Hide answer choices 1. positive-sum result rd advantage 3. economies of scale 4. experience curve Correct answer 5. managed advantage 9. Question 9 1/1 A(n) ________ strategy makes sense if a firm has valuable core competencies that indigenous competitors in foreign markets lack, and if the firm faces relatively weak pressures for local responsiveness and cost reductions. Hide answer choices 1. international Correct answer 2. multinational 3. mutlidomestic 4. transnational l 10. Question 10 1/1 The appropriateness of the strategy that a firm uses in an international market varies with the extent of pressures for ________ and ________. Hide answer choices 1. market size; market characteristics 2. price concessions; quality improvements 3. availability of financing; product standardization 4. cost reductions; availability of financing 5. cost reductions; local responsiveness