Liberty University BUSINESS 600 Test 1

Liberty University BUSINESS 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.

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•             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.

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•             Question 3

2 out of 2 points

Which of the following is not included in the set of shared categories that characterizes a culture?

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•             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.

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•             Question 5

2 out of 2 points

(____) is the information that a candidate possesses in the area of given disciplines.

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•             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.

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•             Question 7

0 out of 2 points

Africa was one of the oldest examples of an international trading community.

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•             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.

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•             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.

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•             Question 10

2 out of 2 points

Foreign direct investment allows domestic firms to receive capital financing from foreign entities.

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•             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.

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•             Question 12

2 out of 2 points

ISO standards are designed to be implemented worldwide.

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•             Question 13

2 out of 2 points

The (_________) is home to some of the world’s leading hardware and software manufacturers.

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•             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.

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•             Question 15

2 out of 2 points

Which of the following is not one of the ways political risks can be classifies?

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•             Question 16

2 out of 2 points

(______) are the characteristics that are unique to an individual’s learning experiences or character.

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•             Question 17

2 out of 2 points

Modern trade history began with the exploration of the Western Hemisphere by (_____) in 1492.

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•             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.

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•             Question 19

2 out of 2 points

A high power distance ranking indicates that inequalities of power and wealth are present within a society.

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•             Question 20

2 out of 2 points

Government leaders increasingly cite (__________) as a reason for withholding foreign aid or debt relief.

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•             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.

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•             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.

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•             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.

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•             Question 24

2 out of 2 points

Low-context culture refers to societies where people tend to have many connections of shorter duration.

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•             Question 25

0 out of 2 points

The Bible contains the core beliefs of Christianity.

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•             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.

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•             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.

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•             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.

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•             Question 29

0 out of 2 points

In a neutral culture, people do not object to a display of emotions.

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•             Question 30

2 out of 2 points

Muslims base their doctrine on the teachings in the (_________).

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•             Question 31

0 out of 2 points

In (____)-context cultures enforceable contracts will tend to be in writing, precisely worded, and highly legalistic.

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•             Question 32

0 out of 2 points

(___________) exacerbate the misunderstandings that arise when trying to communicate a message.

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•             Question 33

2 out of 2 points

When conducting international business, humor should be avoided.

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•             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.

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•             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.

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•             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.

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•             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.

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•             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.

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•             Question 39

2 out of 2 points

In an collectivist environment, people are motivated by self-interest and achievement of personal goals.

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•             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.

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•             Question 41

2 out of 2 points

Property can be classified as both (_______) and (__________).

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•             Question 42

2 out of 2 points

(_________) are the main beneficiaries of trade, which also makes them the primary victim of (_________).

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•             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.

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•             Question 44

0 out of 2 points

(__________) per person is often used as a measure of the welfare of the citizens of a country.

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•             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.

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•             Question 46

0 out of 2 points

(________) prohibits the producer of the product from improving the quality of the product during the waiting period.                      &nbs