[Solved] Liberty University BUSI 600 test 1

Liberty University BUSI 600 test 1 • Question 1 2 out of 2 points Significant fluctuations in (__________) can reduce the actual value of each dollar that a foreign investor has vested in his or her foreign portfolio, potentially prompting the investor to withdraw from a market entirely. Selected Answer: • Question 2 2 out of 2 points Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets. Selected Answer: • Question 3 2 out of 2 points Which of the following is not included in the set of shared categories that characterizes a culture? Selected Answer: • Question 4 2 out of 2 points The Industrial Revolution technically could be traced to the invention of the telephone and the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of the microprocessor. Selected Answer: • Question 5 2 out of 2 points (____) is the information that a candidate possesses in the area of given disciplines. Selected Answer: • Question 6 2 out of 2 points The Industrial Revolution heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system. Selected Answer: • Question 7 0 out of 2 points Africa was one of the oldest examples of an international trading community. Selected Answer: • Question 8 0 out of 2 points The North American Free Trade Agreement was enacted to provide uniform standards and rules of engagement to a growing international trade market. Selected Answer: • Question 9 2 out of 2 points Ownership control risk can be defined as the risk of monetary losses resulting from inadequate or failed internal processes, people, and systems. Selected Answer: • Question 10 2 out of 2 points Foreign direct investment allows domestic firms to receive capital financing from foreign entities. Selected Answer: • Question 11 2 out of 2 points (_______) is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets. Selected Answer: • Question 12 2 out of 2 points ISO standards are designed to be implemented worldwide. Selected Answer: • Question 13 2 out of 2 points The (_________) is home to some of the world’s leading hardware and software manufacturers. Selected Answer: • Question 14 2 out of 2 points (______) and (______) consistently rank as two of the leading suppliers to the United States, making up over 25 percent of total trade to the U.S. Selected Answer: • Question 15 2 out of 2 points Which of the following is not one of the ways political risks can be classifies? Selected Answer: • Question 16 2 out of 2 points (______) are the characteristics that are unique to an individual’s learning experiences or character. Selected Answer: • Question 17 2 out of 2 points Modern trade history began with the exploration of the Western Hemisphere by (_____) in 1492. Selected Answer: • Question 18 2 out of 2 points Pax Americana, Latin for “American peace,” is the period of relative peace in the Western world since the end of World War II in 1945, which coincided with the dominant military and economic position of the U.S. Selected Answer: • Question 19 2 out of 2 points A high power distance ranking indicates that inequalities of power and wealth are present within a society. Selected Answer: • Question 20 2 out of 2 points Government leaders increasingly cite (__________) as a reason for withholding foreign aid or debt relief. Selected Answer: • Question 21 2 out of 2 points In sequentialism, time moves forward, second by second, minute by minute, hour by hour, in a straight line. Selected Answer: • Question 22 2 out of 2 points Socially responsible organizations investigate ways in which to reinvest in those communities by readily contributing in terms of growth and economic development. Selected Answer: • Question 23 2 out of 2 points As a result of OECD investigations in the mid -1970s, over four-hundred U.S. companies admitted making questionable or illegal payments in excess of $300 million to foreign government officials, politicians, and political parties. Selected Answer: • Question 24 2 out of 2 points Low-context culture refers to societies where people tend to have many connections of shorter duration. Selected Answer: • Question 25 0 out of 2 points The Bible contains the core beliefs of Christianity. Selected Answer: • Question 26 2 out of 2 points Primary groups often involve small or large numbers of individuals, are task oriented, and are characterized by impersonal and formal interaction. Selected Answer: • Question 27 2 out of 2 points Congress enacted the (___________) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system. Selected Answer: • Question 28 2 out of 2 points In the (____), Confucius revealed the step by step process by which one attains self- development and by which it flows over into the common life to serve the state and bless mankind. Selected Answer: • Question 29 0 out of 2 points In a neutral culture, people do not object to a display of emotions. Selected Answer: • Question 30 2 out of 2 points Muslims base their doctrine on the teachings in the (_________). Selected Answer: • Question 31 0 out of 2 points In (____)-context cultures enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. Selected Answer: • Question 32 0 out of 2 points (___________) exacerbate the misunderstandings that arise when trying to communicate a message. Selected Answer: • Question 33 2 out of 2 points When conducting international business, humor should be avoided. Selected Answer: • Question 34 2 out of 2 points An achieved status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born. Selected Answer: • Question 35 2 out of 2 points For Muslims, the (________) is the word of God and the carrier of the revelation of (_______) who is the last and most perfect of God’s messengers to mankind. Selected Answer: • Question 36 2 out of 2 points The (___________) provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person. Selected Answer: • Question 37 2 out of 2 points (___________) applied the subset of cultural dimensions to the field of business management, segregating them into independent areas to be further divided in order to get a more precise understanding. Selected Answer: • Question 38 2 out of 2 points The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees. Selected Answer: • Question 39 2 out of 2 points In an collectivist environment, people are motivated by self-interest and achievement of personal goals. Selected Answer: • Question 40 2 out of 2 points Local content requirements do not hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses. Selected Answer: • Question 41 2 out of 2 points Property can be classified as both (_______) and (__________). Selected Answer: • Question 42 2 out of 2 points (_________) are the main beneficiaries of trade, which also makes them the primary victim of (_________). Selected Answer: • Question 43 2 out of 2 points A market economy is also known as a (____________), which is an economic system where the production and distribution of goods and services takes place through the mechanism of free markets. Selected Answer: • Question 44 0 out of 2 points (__________) per person is often used as a measure of the welfare of the citizens of a country. Selected Answer: • Question 45 0 out of 2 points The Human Resource Report includes a number of human development indicators that provide a global assessment of country achievements in different areas of human development. Selected Answer: • Question 46 0 out of 2 points (________) prohibits the producer of the product from improving the quality of the product during the waiting period. Selected Answer: • Question 47 2 out of 2 points In a common law system an (_______) approach is used to investigate and adjudicate guilt or innocence. Selected Answer: • Question 48 0 out of 2 points Ownership risk is defined as the risk of loss resulting from inadequate or failed internal process, people and systems or from external events. Selected Answer: • Question 49 2 out of 2 points (_____________) risk is defined as the risk of loss resulting from inadequate or failed internal process, people and systems or from external events. Selected Answer: • Question 50 2 out of 2 points In a centrally planned economy, an overriding hierarchy (usually the government) attempts to control supply, demand, production, distribution, and pricing. Selected Answer: • Question 51 2 out of 2 points Operation risk ranges from property title uncertainty, property line encroachment, squatting, and even government expropriations, such as capital levies and unexpected export or excise taxes. Selected Answer: • Question 52 2 out of 2 points World Trade Organization (WTO) allows for a minimum level of property rights to provide its members with a global standard of protection. Selected Answer: • Question 53 2 out of 2 points The classification of nations are grouped into the following categories: Selected Answer: • Question 54 2 out of 2 points Options for governments to promote cross-border trade include subsidies, special government agencies, (_______), and (_______). Selected Answer: • Question 55 2 out of 2 points Due to the numerous religions in the world, ( as Christianity, Islam, Buddhism, and Hinduism), nations find difficulty coming to agreements over theocratic laws. Selected Answer: • Question 56 2 out of 2 points Which of the following are included in the three primary types of global economic systems? Selected Answer: • Question 57 2 out of 2 points Recent manufacturing industry growth reports highlight that the manufacturing industry is growing at roughly three times the rate of the rest of the private sector. Selected Answer: • Question 58 2 out of 2 points Which of the following is one of the three broad categories the WTO classifies investment incentives? Selected Answer: • Question 59 2 out of 2 points Successful FDI raises (___________) and the (____________) for nationals in the host county. Selected Answer: • Question 60 2 out of 2 points Protectionism is the economic policy of applying tariffs on imported goods for government funding to reduce or eliminate the need for taxation on domestic industries. Selected Answer: • Question 61 2 out of 2 points The application of any WTO rule assumes that developing nations will not change and comply increasingly with time. Selected Answer: • Question 62 0 out of 2 points The task of managing the balance of payments is primarily concerned with maintaining the (___________) and (___________) owed to any nation for any commodity or currency that can be tracked. Selected Answer: • Question 63 0 out of 2 points Countries keep detailed accounts of the balance of payments and usually publish the findings at the end of each year. Selected Answer: • Question 64 0 out of 2 points While no standard percentage of ownership exists, most nations consider the threshold for foreign direct investment to be within the range of (________) percent. Selected Answer: • Question 65 2 out of 2 points The United Nations Conference on Trade and Development defines FDI as investments outside the investor’s home economy where the investor holds a 10 percent stake. Selected Answer: • Question 66 0 out of 2 points An assumption of the Comparative Advantage Theory is that perfect knowledge does not exists in that merchants and customer do not know where the least-cost goods are located. Selected Answer: • Question 67 2 out of 2 points A trade deficit will be generated if the imports outweigh the exports. Selected Answer: • Question 68 0 out of 2 points In Porter's Diamond, the relationship between the three determinants or Diamond (see figure on next page 10) model a nation’s competitive environment for an industry. Selected Answer: • Question 69 0 out of 2 points Greenfield investments are investment in existing assets. Selected Answer: • Question 70 0 out of 2 points (___________) income from abroad corresponds to a debit in the current account. Selected Answer: • Question 71 0 out of 2 points Nations use (______________) as a means of controlling foreign direct investment. Selected Answer: • Question 72 2 out of 2 points If domestic ownership of foreign assets increases faster than foreign ownership of domestic assets, then the country has a capital account deficit. Selected Answer: • Question 73 0 out of 2 points A primary indicator of a nation’s status, in terms of international trade, is its (________). Selected Answer: • Question 74 0 out of 2 points If foreign ownership decreases faster than domestic ownership, then the country is said to have a capital account surplus. Selected Answer: • Question 75 0 out of 2 points Foreign Direct Investment can also take place by injecting (_______) dollars into the economy of a given country. Selected Answer: