GEB3373 EXAM 1 QUESTIONS WITH COMPLETE
SOLUTIONS
Between 1970 and 2009, the US share of the world's GDP -- Answer ✔✔ became
smaller than the European Unions
The United States comprises _____ of the world's GDP. -- Answer ✔✔ almost 1/4
About ____ of all international transactions involve the ____. -- Answer ✔✔ 50%; US
dollar
All of the following are part of GDP EXCEPT -- Answer ✔✔ purchase of a used car
The largest bilateral trade relationship in the world is between -- Answer ✔✔ China and
the US
The Eurozone has _____ members. -- Answer ✔✔ 19
The most influential members of the EU have been -- Answer ✔✔ France, Germany, &
the uk
,The _____ was created in _____. -- Answer ✔✔ European union; 1993
Which of the following can be found in China today? -- Answer ✔✔ human rights
violations and strong economic growth
Civil law is primarily based on ________. -- Answer ✔✔ a codification of what is and is
not permissible
The United States restricts all trade with Cuba. This is an example of a(n) ________. --
Answer ✔✔ embargo
Which law was passed to address perceived public accounting problems? -- Answer ✔✔
sarbanes-oxley act
________ is the risk associated with the potential for the employees or operations of
the firm to be threatened by changes in laws, environmental standards, tax codes, and
terrorism. -- Answer ✔✔ operating risk
Which form of family is most emphasized in the United States? -- Answer ✔✔ nuclear
Which country listed below is a group-focused society? -- Answer ✔✔ China
________ is the ability of individuals to move from one stratum of society to another. -
- Answer ✔✔ social mobility
, In a business context, religion ________. -- Answer ✔✔ shapes the attitudes its
adherents have toward work, consumption, individual responsibility, and planning for the
future
During a business meeting with Japanese executives, Jay, an American manager, uses his
hand to make the "OK" signal. The Japanese executives will most likely interpret Jay's
hand signal to mean ________. -- Answer ✔✔ money
The 2020 global market size of the genomics industry is about US$___ billion. --
Answer ✔✔ 20
The 2020 global growth rate of the genomics industry is about -- Answer ✔✔ 20%
The projected growth rate for the genomics industry over the next several years is
about -- Answer ✔✔ 20%
In the genomics industry, COVID-19 has caused a ______ shock globally. -- Answer
✔✔ positive demand shock
A restraining factor for the global genomics industry is -- Answer ✔✔ a lack of trained
workers
The global genomics industry is focused mostly on -- Answer ✔✔ products
SOLUTIONS
Between 1970 and 2009, the US share of the world's GDP -- Answer ✔✔ became
smaller than the European Unions
The United States comprises _____ of the world's GDP. -- Answer ✔✔ almost 1/4
About ____ of all international transactions involve the ____. -- Answer ✔✔ 50%; US
dollar
All of the following are part of GDP EXCEPT -- Answer ✔✔ purchase of a used car
The largest bilateral trade relationship in the world is between -- Answer ✔✔ China and
the US
The Eurozone has _____ members. -- Answer ✔✔ 19
The most influential members of the EU have been -- Answer ✔✔ France, Germany, &
the uk
,The _____ was created in _____. -- Answer ✔✔ European union; 1993
Which of the following can be found in China today? -- Answer ✔✔ human rights
violations and strong economic growth
Civil law is primarily based on ________. -- Answer ✔✔ a codification of what is and is
not permissible
The United States restricts all trade with Cuba. This is an example of a(n) ________. --
Answer ✔✔ embargo
Which law was passed to address perceived public accounting problems? -- Answer ✔✔
sarbanes-oxley act
________ is the risk associated with the potential for the employees or operations of
the firm to be threatened by changes in laws, environmental standards, tax codes, and
terrorism. -- Answer ✔✔ operating risk
Which form of family is most emphasized in the United States? -- Answer ✔✔ nuclear
Which country listed below is a group-focused society? -- Answer ✔✔ China
________ is the ability of individuals to move from one stratum of society to another. -
- Answer ✔✔ social mobility
, In a business context, religion ________. -- Answer ✔✔ shapes the attitudes its
adherents have toward work, consumption, individual responsibility, and planning for the
future
During a business meeting with Japanese executives, Jay, an American manager, uses his
hand to make the "OK" signal. The Japanese executives will most likely interpret Jay's
hand signal to mean ________. -- Answer ✔✔ money
The 2020 global market size of the genomics industry is about US$___ billion. --
Answer ✔✔ 20
The 2020 global growth rate of the genomics industry is about -- Answer ✔✔ 20%
The projected growth rate for the genomics industry over the next several years is
about -- Answer ✔✔ 20%
In the genomics industry, COVID-19 has caused a ______ shock globally. -- Answer
✔✔ positive demand shock
A restraining factor for the global genomics industry is -- Answer ✔✔ a lack of trained
workers
The global genomics industry is focused mostly on -- Answer ✔✔ products
