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Exam 3: Doing Business in Global Markets

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Question 91

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The traditional Japanese keiretsu has increased trade opportunities for U.S. firms.

A) True
B) False

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Question 92

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Countries often use trade protectionism measures to protect their domestic industries from foreign competition.

A) True
B) False

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Question 93

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(p. 76 With the achievements of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO), nearly all barriers to trade expansion are finally removed.

As you round out your final year at the university, you are trying to decide on the last two business electives you need to take. You are leaning toward international marketing and international financing because you recall reading that Forrester Research estimates that more than three million jobs could move to global markets in the next ten years.

Pepsi Cola entered into a long-term contract with a South African beverage company. The contract calls for the South African firm to produce and market Pepsi Cola in South Africa. Pepsi will receive royalties on each case of beverage sold. This is an example of:

As the most powerful economy in the world, the United States does not need to concern itself with having an unfavorable balance of payments.

Opportunities for college graduates in international business continue to decrease as it gets more expensive to travel abroad.

Many foreign students in U.S. colleges and universities have discovered profitable opportunities by importing goods from their home countries into the United States.

The only deposits of a rare and sought after mineral known as Yuksporite are found in Russia. Since no other nation has deposits of Yuksporite, Russia has a(n) in this mineral.

Just about anything that can be sold in the United States can also be sold to buyers in other countries.

Global trade with China is:

One advantage of licensing as a strategy to enter the global market is the sharing of trade secrets.

Exporting is the selling of products to another country.

The United States is the largest exporter in the world.

The federal government created to help small and medium sized businesses get involved in exporting.

Devaluation refers to a decline in the value of a nation's currency relative to other currencies.

Even though the U.S. exports a large of goods and services, it exports a much lower of its products than many other countries do.

Strategic alliances almost always result in one company taking over the financial interests of another company.

Under a system of floating exchange rates, the value of a country's currency is determined by government regulation.

One advantage of free trade is: