QUESTIONS WITH ANSWERS GRADED A+
◍ Export tariffs.
Answer: Taxes on goods leaving a country
◍ Intellectual property (IP).
Answer: The creation of the mind, whether it is an invention, literary or
artistic work, or unique process
◍ patents.
Answer: Protects inventions and improvements to existing inventions for a
limited period of time in exchange for detailed public disclosure of those
inventions
◍ Which result occurs when a legally enforceable contract between two
businesses from different countries is broken?.
Answer: The party who has been affected can seek damages.
◍ What is a benefit of creating a regional economic integration agreement?.
Answer: Improved financial growth
◍ FDIs benefit both developing and developed nations by increasing jobs and
bringing capital to the most successful companies.- An inflow of capital can
benefit the global and local economy.- Invested capital goes to businesses
with the highest potential for growth.- The profit motive is color blind, and
investments are made regardless of religion or politics.- Investors can
decrease their risk by diversifying - Investing capital in firms can lead to
growth and subsequently increased jobs..
Answer: What are the benefits of FDI?
◍ John is the president of a company that is based in Atlanta. This company,
which manufactures office items that stick to walls, furniture, and other
, items, has been very successful in its first five years, so John decides that he
would like to expand the business globally and has chosen to start in the
Philippines. What is one of the first things he should do?.
Answer: Research the history and politics of the Philippines
◍ copyrights.
Answer: A government authority or license giving the owner of an invention
the right to exclude others from making or selling the invention for a set
period of time
◍ micro risk.
Answer: A type of political risk that applies to a specific foreign company or
a group of foreign companies in a country.
◍ What is a benefit of implementing a system of free trade?.
Answer: Reduced tariffs would result in lower costs of imported raw
materials.
◍ The currency in Country A is strong relative to the currency in Country
B. .
Answer: A firm based in Country A manufactures its products in Country B
and pays the manufacturing employees in the currency in which they are
located. Which currency situation will result in the maximum profit for the
firm?
◍ Economies of scope.
Answer: To develop efficiencies in terms of variety not volume
◍ repatriation.
Answer: The process of transitioning employees back to their home
countries
◍ A large, publicly traded telecommunications company falsified its earnings
report and hid debt.Which unethical practice did the company engage
in?BriberyInsider tradingKickbackFraudulent accounting.
Answer: Fraudulent accounting
, ◍ Oil pollution act of 1990.
Answer: -strengthens the EPA's abilities to prevent and respond to oil spills
◍ tariff-rate quota.
Answer: Quota that permits a specified quantity of imported goods to enter a
country at a reduced rate during the quota period
◍ Import tariffs.
Answer: Taxes on goods that are imported into a country
◍ Which type of legal system is based on a code and focuses on how the law is
applied to the facts?.
Answer: Civil
◍ The Maritime Labour Convention, sometimes called the "Seafarer's Bill of
Rights," protects the rights of seafaring workers and is law for multiple
countries. This convention protects decent working hours for a cruise ship
director that travels in international waters..
Answer: Which convention protects decent working hours for a cruise ship
director who travels in international waters?
◍ Which globalization risk involves the societal expectations and standards of
an organization operating in a foreign
environment?CulturalLegalEconomicPolitical.
Answer: Cultural
◍ An international company has created a diagram to show the division of
labor between departments.What is the name of this diagram?.
Answer: Organizational chart
◍ Improving quality of life.
Answer: What is the current focus of the World Bank?
◍ A company wishes to expand internationally in countries that have high
tariffs on the product the company makes. The company decides to use
foreign direct investment because the labor costs are low and the country is
politically stable.Which type of production is the company using?.