国际商务

1.The merging of historically distinct and separate national markets into one huge global marketplace is known as D

a) global market facilitation b) cross-border trade

c) supranational market integration d) the globalization of markets

4.The sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called B

a) economies of scale b) the globalization of production

c) global integration d) global sourcing

5.Which organization is responsible for policing the world trading system? C

a) the International Monetary Fund b) the United Nations

c) the World Trade Organization d) the World Bank

6.What is the single most important innovation to the globalization of markets and production? B

a) advances in transportation technology b) the development of the microprocessor

c) advances in communication d) the Internet

8.Which of these is not a concern of anti-globalization protesters? A

a) globalization raises consumer income

b) globalization contributes to environmental degradation

c) globalization is causing a loss of manufacturing jobs in developing countries

d) globalization implies a loss of national sovereignty

10.A_ believe(s) that socialism can only be achieved through violent revolution and totalitarian dictatorship.

a) communists b) social democrats

c) social republicans d) Plato

11.A form of government in which one person or political party exercises complete control over all spheres of human life and prohibits opposing political parties is C

a) a democracy b) a representative democracy

c) totalitarianism d) socialism

12.___C___ is found in states where political power is monopolized by a party according to religious principles.

a) tribal totalitarianism b) right-wing totalitarianism

c) theocratic totalitarianism d) communist totalitarianism

13.In which type of economic system are all productive activities privately owned? D

a) a mixed economy b) a command economy

c) a representative economy d) a market economy

14.Which type of law is based on tradition,precedent, and custom? B

a) civil law b) common law c) theocratic law d) contract law

15.Which country is not among the most corrupt countries in the world? B

a) Haiti b) Indonesia c) Malaysia d) Nigeria

19.The basic social organization of a society is its C

a) culture b) social strata c) social structure d) caste system

20.The group is the primary unit of social organization in A

a) Japan b) the United States c) Switzerland d) Mexico

21.Which of the following is not characteristic of individualism? B

a) individual achievement b) low managerial mobility

c) low company loyalty d) entrepreneurial behavior

22.Which religion promotes the notion that a moral force in society requires the acceptance of certain responsibilities called dharma? C

a) Islam b) Buddhism c) Hinduism d) Confucianism

24.___A____ focuses on how society deals with the fact that people are unequal in physical and intellectual capabilities.

a) power distance b) individualism versus collectivism

c) uncertainty avoidance d) masculinity versus femininity

25.All of the following except _D_ contribute to unethical behavior by international managers.

a) Decision-making processes b) Leadership

c) Personal ethics d) National culture

26.According to __A___, a company’s home country standards of ethics are the appropriate ones to follow in foreign countries.

a) the righteous moralist b) the na?ve immoralist

c) the Friedman doctrine d) cultural relativism

27.____D___ recognize that human beings have fundamental rights and privileges which transcend national boundaries and cultures.

a) Kantian ethics b) Utilitarian approaches c) Straw men d) Rights theories

28.The __B_ suggests that everyone is imagined to be ignorant of all his or her particular characteristics.

a) tragedy of the commons b) veil of ignorance

c) code of ethics d) the Universal Declaration of Human Rights

29.What is a company’s formal statement of ethical priorities called? B

a) Mission statement b) Code of ethics c) Code of values d) Organizational culture

30.Which is not an area where multinational firms are concerned about ethics? B

a) Human rights b) Trade regulations c) Environmental regulations d) Corruption

33.Which theory suggests that as products mature the optimal production location will change? D

a) Mercantilism b) Comparative Advantage c) Absolute Advantage d) Product life-cycle

36.____A_____ refer to the nature of home demand for the industry’s product or service.

a) Demand conditions b) Factor endowments

c) Firm strategy, structure, and rivalry d) Related and supporting industries

38.A ___D_ demands that some specific fraction of a good be produced domestically

a) subsidy b) quota rent c) voluntary export requirement d) local content requirement

39.Which of the following is not a political argument for government intervention? B

a) protecting jobs b) protecting infant industries

c) protecting industries deemed important for national security

d) protecting consumers from “dangerous” products

40.What is the most common political reason for trade barriers? C

a) To protect infant industries b) Strategic trade policy

c) To protect jobs d) To protect industries that are important for national security

41.Which theory suggests that in cases where there maybe important first mover advantages, governments can help firms from their countries attain these advantages? B a) The infant industry argument b) Strategic trade theory

c) Comparative advantage theory d) The Leontief paradox

42.All of the following except _D__ are key issues on the table at the Doha Round.

a) Anti-dumping policies b) Protectionism in agriculture

c) Intellectual property rights d) Infant industry protection

44.The amount of FDI undertaken over a given time period is known as A

A) the flow of FDI B) the stock of FDI C) FDI outflow D) FDI inflow

46.Advantages that arise from using resource endowments or assets that are tied to a particular location and that a firm finds valuable to combine with its own unique assets are B

a) First mover advantages b) Location advantages

c) Externalities d) Proprietary advantages

47.Benefits of FDI include all of the following except D

a) The resource transfer effect b) The employment effect

c) The balance of payments effect d) National sovereignty and autonomy

48.Which of the following is not a cost of outward FDI for host countries? C

a) the initial capital outflow required to finance the FDI

b) when FDI is a substitute for direct exports

c) gains from learning valuable skills from foreign markets

d) the effect on employment is FDI is a substitute for domestic production

49.All barriers to the free flow of goods and services between member countries are removed,and a common policy toward nonmembers is established in a B

a) Free trade area b) Customs union c) Common market d) Economic union

51.When higher cost suppliers within the free trade area replace lower cost external suppliers C

a) The bloc as a whole benefits b) There is trade creation

c) There is trade diversion d) External suppliers benefit

52.___A__ is the ultimate decision making body of the European Union.

a) Council of the European Union b) European Parliament

c) Court of Justice d) European Commission

53.___D____ is responsible for proposing EU legislation. b

a) Council of the European Union b) European Parliament

c) Court of Justice d) European Commission

54.Which of the following is not true of NAFTA? A

a) It created a free trade area of nearly 800 million people

b) It created the background for increased political stability in Mexico

c) Several other Latin American countries have indicated their desire to eventually join NAFTA

d) Its participants are the United States, Canada, and Mexico

56.The __D___ is the rate at which a foreign exchange dealer converts one currency into another currency on a particular day. b

a) Currency swap rate b) Forward rate c) Specific rate d) Spot rate

57.Which of the following does not impact future exchange rate movements? C

a) A country’s price inflation b) A country’s interest rate

c) A country’s arbitrage opportunities d) Market psychology

58.When a government of a country allows both residents and non-residents to purchase unlimited amounts of foreign currency with the domestic currency, the currency is B

a) Nonconvertible b) Freely convertible

c) Externally convertible d) Internally convertible

59.The extent to which a firm’s future international earning power is affected by changes in exchange rates is called D a

a) Accounting exposure b) Translation exposure

c) Transaction exposure d) Economic exposure

60.Firms that want to minimize transaction and translation exposure can do all of the following except B

a) buy forward b) have central control of exposure

c) use swaps d) lead and lag payables and receivables

61.Which of the following are market makers? A

a) commercial banks b) pension funds c) insurance companies d) governments

62.Which of the following is not true of global capital markets C

a) they benefit borrowers b) they benefit sellers

c) they raise the cost of capital d) they provide a wider range of investment opportunities

https://www.360docs.net/doc/5f5851854.html,pared to developed nations, less developed nations have A

a) smaller capital markets b) more investment opportunities

c) similar costs of capital d) greater liquidity

65.Historically, the most tightly regulated industry has been D

a) agriculture b) consumer electronics c) automotives d) financial services

66.The term eurocurrency refers to B

a) the currency used by the European Union countries

b) any currency banked outside its country of origin

c) currencies purchased in the international equities market

d) bonds sold outside the borrower’s country that are denominated in the currency of the country in which they are issued

67.What is the rate of return the firm makes on its invested capital?B

a) Profit growth b) Profitability c) Net return d) Value created

题型举例：

True or False

The notion that national economies are relatively self-contained entities is on the rise.

Short answer Question:

Discuss the effect of globalization on national sovereignty.

Case Analysis

DIXON TICONDEROGA-VICTIM OF GLOBALIZATION

SYNOPSIS

Dixon Ticonderoga is one of the oldest public companies in the U.S. The company produces yellow No 2 pencils introduced in 1913. With annual revenues of 100 million, Dixon is the second

largest pencil manufacturer in the country.

In the1990’s Dixon faced new challenges, Chinese manufacturers entered the U.S. market with low priced pencils. The pencil industry lobbied the U.S. government for protection. In 1994 when Chinese pencils accounted for 16% of the market the U.S. enacted heavy anti dumping duties on Chinese pencils effectively raising their price. The Chinese kept making pencils cheaper and better. The U.S imposed tariffs sometimes to the tune of 53% on some brands.

To try to meet foreign competition on price, Dixon experimented with cheaper ways of making pencils. They then set up a Mexican operation initially to supplement its U.S. operation. In late 2000, Dixon had switched many of its processes from the U.S to Mexico. By the year 2000 they had set up a wholly owned subsidiary in China. By 2002 Dixon had shut down its manufacturing plane in the U.S

DISCUSSION QUESTIONS

1. Why do you think that the Chinese have an apparent cost advantage in the production of pencils?

2. Do you think that lobbying the US government to impose antidumping duties on importer of pencils from China is a good way to protect U.S. jobs? Who benefits most from such duties? Who loses? What alternate policy stance might the government take?

3. Why has Dixon become a multinational company? What are the economic benefits to Dixon of becoming an international business?

4.Now that Dixon has a production operation in China, why does it not simply import finished pencils from China to the United States, instead of making those pencils in Mexico?

Case: INTERNATIONALIZATION OF STARBUCKS