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Exam 3: Business in a Borderless World

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Question 61

Multiple Choice

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Which of the following is the primary reason for establishing the World Bank?

A) To fund the member nations of the NAFTA and EU
B) To aid developed economies during financial crisis
C) To act as a global policing service
D) To loan money to underdeveloped and developing countries
E) To help developed nations obtain money to start businesses

F) A) and B)
G) A) and C)

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Question 62

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When a nation imports more than it exports,it has a positive balance of trade.

A) True
B) False

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Question 63

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Companies doing business internationally have traditionally used a globalization strategy.

Identify the less-developed country from among the following.

A forum to discuss trade problems and negotiate a reduction of trade barriers was first provided by the:

A _____ strategy can be best defined as a plan,used by international companies,that involves customizing products,promotion,and distribution according to cultural,technological,regional,and national differences.

In industries where international competition is so fierce and the costs of competing on a global basis are so high that only a few firms have the resources to do it alone,they collaborate with other companies to form a _____.

Which of the following can be best defined as a form of licensing in which a company agrees to provide another company a name,logo,methods of operation,advertising,products,and other elements associated with a business in return for a financial commitment and the agreement to conduct business in accordance with their standard of operations?

Commercial Service is the global business solutions unit of the U.S.Department of _____.

The Webb-Pomerene Export Trade Act allows selected U.S.firms willing to enter international trade to form monopolies to compete with foreign monopolistic organizations and also to operate as monopolies within the United States.

Standardizing products for the whole world as if it were a single entity is a characteristic of a(n) _____.

A(n) _____ is best defined as a prohibition on trade in a particular product.

A strategic alliance is a partnership formed to create competitive advantage on a worldwide basis.

Understanding that Arab businessmen tend to stand face-to-face when holding a conversation reveals the importance of understanding another culture's use of:

_____ is best described as the sale of goods and services to foreign markets.