QUESTIONS WITH ANSWERS GRADED A+
◍ When expanding internationally to a country with a lower average income, a
company made efforts to reduce the price of its product, even though it
eliminated some of the benefits the product has in other markets. This
allowed for greater sales in the new market.Which strategy is being used by
this company?StandardizationMultibrandGlobalAdaptation.
Answer: Adaptation
◍ A company wants its expatriates to receive the best training to adapt to the
local environment in the host country.What is the goal of this
training?Making a profitCultural agilityObeying local lawCultural
homogeneity.
Answer: Cultural agility
◍ Formative Assessment.
Answer: Assessment used throughout teaching of a lesson and/or unit to
gauge students' understanding and inform and guide teaching.
◍ Which activity of the International Monetary Fund (IMF) impacts policy
making?.
Answer: Being owned and directed by the governments of the member
nations
◍ Which act affects the global business landscape by clarifying auditor
independence issues, accountability of senior executives, disclosure of
insider trading, and intellectual property rights?Federal Trade Commission
ActSarbanes-Oxley ActNational Environmental Policy ActSherman
Antitrust Act.
Answer: Sarbanes-Oxley Act
◍ A company is beginning to operate on a more complex global scale and
, needs a seamless integration of all the data the business uses. This
integration must include data from human resources (HR), employee data,
sales information, and development figures.Which type of software solution
should be used for this purpose?Material requirements planningDesktop
publishingSpreadsheet programEnterprise resource planning.
Answer: Enterprise resource planning
◍ Maslow's Love and Belonging Need.
Answer: Need for interpersonal relationships - friendships, intimacy, being
part of a group.
◍ A company is training new employees and helping them identify
discrepancies.Which scenario indicates a discrepancy that should be
identified by the employees?An accounting manager siphons a significant
amount of funds from the company's account.A data entry technician
unintentionally entered incorrect data into the system.An employee takes
home high-quality office equipment.An employee fails to record large
transactions with a customer..
Answer: A data entry technician unintentionally entered incorrect data into
the system.
◍ Which type of investor secures funding from a number of speculative
financiers and pursues strong global business opportunities still in the
start-up phase?Strategic partnershipsVenture
capitalistsCrowdsourcingPersonal contacts.
Answer: Venture capitalists
◍ Autism Spectrum Disorder.
Answer: Neurodevelopment disorder that affects how children process
certain types of information.
◍ A major footwear brand company is contracting the manufacturing of its
products to a contractor's manufacturing plant overseas. The footwear
company has been accused of turning a blind eye to sweatshop practices at
other overseas contract locations before.How should the footwear company
ensure that the contractor will comply with the standards set forth in the
, code of conduct that explicitly prohibit this practice?.
Answer: Require that the factories be available for inspections
◍ Autonomy vs. Shame and Doubt.
Answer: Toddlers need for independence and doing things on their own.
◍ Selected Response Assessment.
Answer: Assess students using questions and items that are multiple choice,
matching, and true/false.
◍ Verbal-Linguistic Intelligence.
Answer: Ability to analyze info and produce work that involves oral and
written language.
◍ Maslow's Deficiency Needs.
Answer: Physiological, Safety, Love and Belonging, and Esteem
◍ A car company wants to expand internationally but encounters much
international competition to reduce cost while responding to local
needs.Which strategy should the company use to meet this goal under these
conditions?ExportWebCommunicationTransnational.
Answer: Transnational
◍ Postconventional Stage.
Answer: Moral development stage where your behavior is influenced by
your own ethics
◍ Which areas traditionally suffer from the digital divide?European
citiesMetropolitan areasAmerican citiesRural areas.
Answer: Rural areas
◍ Criterion-Referenced Assessment.
Answer: Compare a student's knowledge or skills against a predetermined
standard.
◍ Which organization formed in 1970 supplements the funding available from
commercial banks and other lenders to support
U. S. exports?Export-Import Bank of the United States (Ex-Im Bank)Japan
, External Trade Organization (JETRO)Private Export Funding Corporation
(PEFCO)Overseas Private Investment Corporation (OPIC).
Answer: Private Export Funding Corporation (PEFCO)
◍ The British East India Company used expansionist policies to gain profits in
the East Indies by collecting unreasonable taxes from Indians.Which
unethical practice was used by this company?Creating fake assetsHiding
debt from investorsStealing from the people they ruledColluding to commit
finance fraud.
Answer: Stealing from the people they ruled
◍ Which country characteristic is most important to foreign direct investors
according to a study by the World Bank?.
Answer: Political stability and security
◍ Schema.
Answer: Categories of knowledge that help us to interpret and understand
the world. An organized pattern of behavior or thought.
◍ Voice Disorders.
Answer: Difficulties with the quality, pitch, and loudness of the voice.
◍ Which of these agreements or treaties was to combat increased temperatures
of global climate change?VersaillesParisAntarcticMaastricht.
Answer: Paris
◍ Which globalization risk involves the societal expectations and standards of
an organization operating in a foreign
environment?CulturalLegalEconomicPolitical.
Answer: Cultural
◍ A multinational corporation would like to maximize profits by moving
products to international subsidiaries to gain tax advantages.Which pricing
strategy should this corporation use for this
purpose?OptionalTransferPromotionalBundle.
Answer: Transfer