BUSMHR 2000 Exam 1 Questions With Correct
Answers
Grossman and Krueger's study revealed the relationship between pollution levels
| | | | | | | | | |
and income. Which pollutant was the exception to their study?
| | | | | | | | |
nitrous oxide |
sulfur dioxide
|
lead
carbon dioxide |
hydrogen - CORRECT ANSWER✔✔-carbon dioxide
| | | |
When considering globalization, what is considered the single most important
| | | | | | | | | |
innovation since World War II? | | | |
higher education
|
transcontinental air transport | |
the telephone
|
the microprocessor
| |
cross-country railway systems - CORRECT ANSWER✔✔-the microprocessor
| | | | | |
Which of these companies exemplifies the globalization of markets?
| | | | | | | |
,The clothes of Sea Shell Fashions, a U.S.-based company, are hand-sewn by
| | | | | | | | | | | |
workers in India. | |
The accounts of a U.K.-based finance company are maintained and managed by
| | | | | | | | | | | |
an accounting firm in the Czech Republic.
| | | | | |
Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
| | | | | | | | | | |
Iconic Industries Inc., a U.S. energy company, has generated capital from investors
| | | | | | | | | | |
|all over the world.
| | |
Wine producer Violet Wines procures high-quality grapes from neighboring
| | | | | | | | |
countries. - CORRECT ANSWER✔✔-Fluffy Pillows, a U.S.-based pillow company,
| | | | | | | | |
sells the same pillows worldwide
| | | |
Technology is indicated as having a major impact on the declining share of
| | | | | | | | | | | | |
national income enjoyed by labor. If this is the case, what is a logical solution to
| | | | | | | | | | | | | | | |
this problem?
|
increasing society's investment in education
| | | |
restricting exports of jobs | | |
restricting access to technology | | |
decreasing the wage rates of skilled workers
| | | | | |
increasing the supply of unskilled workers - CORRECT ANSWER✔✔-increasing
| | | | | | | | |
society's investment in education
| | |
Which institution was established as a result of the Uruguay Round of GATT?
| | | | | | | | | | | |
United Nations |
World Bank |
,International Monetary Fund | |
World Trade Organization
| |
Group of Twenty - CORRECT ANSWER✔✔-World Trade Organization
| | | | | | |
What occurs according to Moore's law?
| | | | |
The power of microprocessor technology doubles and its cost of production falls
| | | | | | | | | | | |
in half every 18 months.
| | | | |
The demand for microprocessor technology falls in half every 18 months.
| | | | | | | | | |
The demand for microprocessors continues to rise, while their supply falls.
| | | | | | | | | |
The price of microprocessors continues to fall, while their cost of production
| | | | | | | | | | | |
increases.
The cost of microprocessors increases as their power increases. - CORRECT
| | | | | | | | | | |
ANSWER✔✔-The power of microprocessor technology doubles and its cost of
| | | | | | | | | |
production falls in half every 18 months
| | | | | |
Canadian company Yummy Snacks exports a number of products to consumers in
| | | | | | | | | | | |
Peru, Chile, and Argentina. According to this information, Yummy Snacks is most
| | | | | | | | | | | |
likely involved in
| |
international trade. | |
outsourcing.
foreign direct investment.
| |
globalization of production. | |
trade protectionism. - CORRECT ANSWER✔✔-international trade.
| | | | |
, What was the motivation for non-U.S. firms to begin investing across national
| | | | | | | | | | | |
borders in the 1970s? | | |
desire to disperse production activities to optimal locations
| | | | | | |
host of investment opportunities in foreign nations
| | | | | |
shift toward a more integrated and interdependent global economy
| | | | | | | |
rise in barriers to trade and foreign direct investments
| | | | | | | |
limits imposed by government intervention in international trade - CORRECT
| | | | | | | | | |
ANSWER✔✔-desire to disperse production activities to optimal locations | | | | | | |
Gigantic Games., a U.S.-based company that specializes in strategy-based board
| | | | | | | | | |
games, has production facilities in Poland and Spain. Based on this information,
| | | | | | | | | | | |
Gigantic Games can be classified as what type of enterprise?
| | | | | | | | |
local
multinational |
private
public
semipublic - CORRECT ANSWER✔✔-multinational
| | |
One cost-cutting measure used by Garr Tool Corp. is sourcing the parts it uses
| | | | | | | | | | | | | |
from companies in Germany, Ireland, and Canada that are more economical than
| | | | | | | | | | | |
home-country sources. The choice to use these sources is an example of the
| | | | | | | | | | | |
Answers
Grossman and Krueger's study revealed the relationship between pollution levels
| | | | | | | | | |
and income. Which pollutant was the exception to their study?
| | | | | | | | |
nitrous oxide |
sulfur dioxide
|
lead
carbon dioxide |
hydrogen - CORRECT ANSWER✔✔-carbon dioxide
| | | |
When considering globalization, what is considered the single most important
| | | | | | | | | |
innovation since World War II? | | | |
higher education
|
transcontinental air transport | |
the telephone
|
the microprocessor
| |
cross-country railway systems - CORRECT ANSWER✔✔-the microprocessor
| | | | | |
Which of these companies exemplifies the globalization of markets?
| | | | | | | |
,The clothes of Sea Shell Fashions, a U.S.-based company, are hand-sewn by
| | | | | | | | | | | |
workers in India. | |
The accounts of a U.K.-based finance company are maintained and managed by
| | | | | | | | | | | |
an accounting firm in the Czech Republic.
| | | | | |
Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
| | | | | | | | | | |
Iconic Industries Inc., a U.S. energy company, has generated capital from investors
| | | | | | | | | | |
|all over the world.
| | |
Wine producer Violet Wines procures high-quality grapes from neighboring
| | | | | | | | |
countries. - CORRECT ANSWER✔✔-Fluffy Pillows, a U.S.-based pillow company,
| | | | | | | | |
sells the same pillows worldwide
| | | |
Technology is indicated as having a major impact on the declining share of
| | | | | | | | | | | | |
national income enjoyed by labor. If this is the case, what is a logical solution to
| | | | | | | | | | | | | | | |
this problem?
|
increasing society's investment in education
| | | |
restricting exports of jobs | | |
restricting access to technology | | |
decreasing the wage rates of skilled workers
| | | | | |
increasing the supply of unskilled workers - CORRECT ANSWER✔✔-increasing
| | | | | | | | |
society's investment in education
| | |
Which institution was established as a result of the Uruguay Round of GATT?
| | | | | | | | | | | |
United Nations |
World Bank |
,International Monetary Fund | |
World Trade Organization
| |
Group of Twenty - CORRECT ANSWER✔✔-World Trade Organization
| | | | | | |
What occurs according to Moore's law?
| | | | |
The power of microprocessor technology doubles and its cost of production falls
| | | | | | | | | | | |
in half every 18 months.
| | | | |
The demand for microprocessor technology falls in half every 18 months.
| | | | | | | | | |
The demand for microprocessors continues to rise, while their supply falls.
| | | | | | | | | |
The price of microprocessors continues to fall, while their cost of production
| | | | | | | | | | | |
increases.
The cost of microprocessors increases as their power increases. - CORRECT
| | | | | | | | | | |
ANSWER✔✔-The power of microprocessor technology doubles and its cost of
| | | | | | | | | |
production falls in half every 18 months
| | | | | |
Canadian company Yummy Snacks exports a number of products to consumers in
| | | | | | | | | | | |
Peru, Chile, and Argentina. According to this information, Yummy Snacks is most
| | | | | | | | | | | |
likely involved in
| |
international trade. | |
outsourcing.
foreign direct investment.
| |
globalization of production. | |
trade protectionism. - CORRECT ANSWER✔✔-international trade.
| | | | |
, What was the motivation for non-U.S. firms to begin investing across national
| | | | | | | | | | | |
borders in the 1970s? | | |
desire to disperse production activities to optimal locations
| | | | | | |
host of investment opportunities in foreign nations
| | | | | |
shift toward a more integrated and interdependent global economy
| | | | | | | |
rise in barriers to trade and foreign direct investments
| | | | | | | |
limits imposed by government intervention in international trade - CORRECT
| | | | | | | | | |
ANSWER✔✔-desire to disperse production activities to optimal locations | | | | | | |
Gigantic Games., a U.S.-based company that specializes in strategy-based board
| | | | | | | | | |
games, has production facilities in Poland and Spain. Based on this information,
| | | | | | | | | | | |
Gigantic Games can be classified as what type of enterprise?
| | | | | | | | |
local
multinational |
private
public
semipublic - CORRECT ANSWER✔✔-multinational
| | |
One cost-cutting measure used by Garr Tool Corp. is sourcing the parts it uses
| | | | | | | | | | | | | |
from companies in Germany, Ireland, and Canada that are more economical than
| | | | | | | | | | | |
home-country sources. The choice to use these sources is an example of the
| | | | | | | | | | | |
