Question 1

While franchising is popular in Canada,it is not an accepted strategy for firms in the global market.

Accepted Answer

A) True 
 B)False

Question 2

Any corporation that exports at least 50 % of its total output can be classified as a multinational corporation.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Accepted Answer

A)  Institutional society
B)  Social myopia
C)  Culture
D)  EthnocentricityE) B) and D)
F) A) and B)

Question 4

The WTO has been able to solve all global trade problems.

Accepted Answer

A) True 
 B)False

Question 5

Currency fluctuations can cause problems to firms trading in the global market.

Accepted Answer

A) True 
 B)False

Question 6

When foreign firms build production facilities in Canada,they are engaging in:

Accepted Answer

A)  exporting.
B)  foreign direct investment.
C)  importing.
D)  countertrading.E) A) and D)
F) B) and C)

Question 7

Pillsbury is a firm that operated throughout Canada,even when it was wholly owned by a British company,Grand Metropolitan.Pillsbury is an example of a(n) :

Accepted Answer

A)  licensed venture.
B)  foreign subsidiary.
C)  joint venture.
D)  export trading company.E) A) and D)
F) All of the above

Question 8

The Honda automobile assembly plant in Alliston,Ontario is an example of foreign direct investment in Canada.

Accepted Answer

A) True 
 B)False

Question 9

Exports account for about 5% of Canadian jobs.

Accepted Answer

A) True 
 B)False

Question 10

Canadian companies export goods,not services.

Accepted Answer

A) True 
 B)False

Question 11

In global markets,cultural differences affect marketing strategies but not management policies.

Accepted Answer

A) True 
 B)False

Question 12

Canada's main trading partner is the European Union.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following describes a complex form of bartering involving several countries?

Accepted Answer

A)  Counter intuitive
B)  Countertrading
C)  Counterespionage
D)  Geiger counterE) All of the above
F) A) and B)

Question 14

tariffs are designed to raise money for the government.

Accepted Answer

A)  Price
B)  Revenue
C)  Profit
D)  RegulatoryE) All of the above
F) None of the above

Question 15

The country where a subsidiary firm is located is known as what?

Accepted Answer

A)  Home country
B)  Host country
C)  Parent country
D)  Subsidiary countryE) C) and D)
F) All of the above

Question 16

Strategic alliances are the same as joint ventures.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is the least valid criticism when potential investors look at China?

Accepted Answer

A)  Human rights issues and other concerns have led some Canadian political leaders to call for the removal of most favoured nation status for China.
B)  China's economic growth has been disappointing in recent years.
C)  The large trade imbalance between Canada and China may lead to friction in trade relations between the two countries.
D)  China's one party political system is undemocratic.E) C) and D)
F) B) and D)

Question 18

Patrick's Products has a manufacturing plant near Calgary.The plant specializes in compact washers and dryers for countries in which consumers have less living space.Patrick's Products participates in the global market through:

Accepted Answer

A)  balancing trade
B)  dumping
C)  importing
D)  exportingE) A) and B)
F) None of the above

Question 19

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Accepted Answer

A) True 
 B)False

Question 20

An import quota is a complete ban on the import or export of certain products.

Accepted Answer

A) True 
 B)False

Exam 3: Competing in Global Markets

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Correct AnswerverifiedShow Answer

An import quota is a complete ban on the import or export of certain products.

Correct AnswerverifiedShow Answer

Canadian companies export goods,not services.

Correct AnswerverifiedShow Answer

Which of the following describes a complex form of bartering involving several countries?

Correct AnswerverifiedShow Answer

Canada's main trading partner is the European Union.

Correct AnswerverifiedShow Answer

Any corporation that exports at least 50 % of its total output can be classified as a multinational corporation.

Correct AnswerverifiedShow Answer

The WTO has been able to solve all global trade problems.

Correct AnswerverifiedShow Answer

Currency fluctuations can cause problems to firms trading in the global market.

Correct AnswerverifiedShow Answer

tariffs are designed to raise money for the government.

Correct AnswerverifiedShow Answer

Pillsbury is a firm that operated throughout Canada,even when it was wholly owned by a British company,Grand Metropolitan.Pillsbury is an example of a(n) :

Correct AnswerverifiedShow Answer

Patrick's Products has a manufacturing plant near Calgary.The plant specializes in compact washers and dryers for countries in which consumers have less living space.Patrick's Products participates in the global market through:

Correct AnswerverifiedShow Answer

While franchising is popular in Canada,it is not an accepted strategy for firms in the global market.

Correct AnswerverifiedShow Answer

In global markets,cultural differences affect marketing strategies but not management policies.

Correct AnswerverifiedShow Answer

Strategic alliances are the same as joint ventures.

Correct AnswerverifiedShow Answer

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Correct AnswerverifiedShow Answer

Exports account for about 5% of Canadian jobs.

Correct AnswerverifiedShow Answer

The Honda automobile assembly plant in Alliston,Ontario is an example of foreign direct investment in Canada.

Correct AnswerverifiedShow Answer

The country where a subsidiary firm is located is known as what?

Correct AnswerverifiedShow Answer

When foreign firms build production facilities in Canada,they are engaging in:

Correct AnswerverifiedShow Answer

Which of the following is the least valid criticism when potential investors look at China?

Correct AnswerverifiedShow Answer

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