Question

12. A factory that features unsafe working conditions, long hours, and/or low wages is a(n)

a. private sector workplace

b. public sector workplace

c. sweatshop

d. activist

13. When companies look for gaps in the international marketplace, which of the following types of analysis are they doing?

a. sales presentation

b. strategy analysis

c. opportunity analysis

d. brand identification

15. Which of the following types of government is typical of countries that have a market-oriented or capitalist economy?

a. autocratic

b. democratic

c. totalitarian

d. socialist

16. The risk that government policy may adversely affect currency exchange rates is called

a. risk of political instability

b. ownership risk

c. operations risk

d. transfer risk

20. The biggest problem likely experienced by the seller of products in different cultures is a lack of

a. supply of culture

b. demand for culture

c. profit from culture

d. cultural awareness

21. Political and economic measures used by a government to try to regulate the amount and value of its currency are called exchange

a. rates

b. currencies

c. controls

d. devaluations

22. Which of the following agreements do smaller companies seek when they see an attractive product that has not yet been marketed in their own country?

a. brand distribution rights

b. exclusive distribution rights

c. manufacturing rights

d. independence

23. When a company buys into foreign companies, to avoid dependence on one country’s economy, the strategy is known as

a. processing

b. creating

c. outsourcing

d. diversification

24. The organization formed to raise the level of corporate citizenship in member countries is the

a. Organization for Economic Cooperation and Development

b. World Bank Group

c. International Monetary Fund

d. World Economic Forum

25. When a multinational company (MNC) operates globally much as it would at home, it is

a. ethnocentric

b. polycentric

c. geocentric

d. regiocentric

Answer 1

12)ANS C) SWEATSHOP-They are manufacturing concerns which employ people under unfair and unhygienic working conditions.

13)c)Opportunity Analysis-Analyze the gap between what is provided for and what is demanded

15)b)Democratic-they have market oriented and capitalist economy as the focus shifts from a particular power and socialist sector to each and every people who form the economy.

16)c)Operations Risk-The risk that government policy might make it difficult for a company due to their policy in currency exchange rate.

20)d)cultural awareness

21)c)Exchange controls-

22)b)Exclusive Distribution right

23)d)Diversification

24)a)Organization for economic cooperation and development

25)c)geocentric