International Management: Culture, Strategy, and Behavior 11th Edition by Fred Luthans Test bank

U.S. market, on average, was more important for them than any other market.
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
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 59.
Award: 10.00 points
The ultimate objective of the European Union is to:
develop separate custom duties for member countries.
eliminate all trade barriers among member countries.
have a single government that represents all European Union countries.
increase imports into European Union countries.
The ultimate objective of the European Union is to eliminate all trade barriers among member
countries (like between the states in the United States).
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.

 


 60.
Award: 10.00 points
In the context of established economies, the European Union:
has largely achieved the reality of a single currency and a regional central bank.
has eliminated all trade barriers among member countries.
subjects member nations to quotas on the manufacture and shipment of high-quality, low-
cost goods.
imposes duties on member nations for the manufacture and shipment of high-quality, low-
cost goods.
In the context of established economies, the European Union's goal of a single currency and a
regional central bank has finally largely become a reality.
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
 



 61.
Award: 10.00 points
In the context of emerging and developing economies in Central and Eastern Europe, which of the
following is a pervasive challenge in Russia?
Privatization
Dismantling of Russian price controls
Lack of public security
Expansion of the middle class
In the context of emerging and developing economies in Central and Eastern Europe, lack of public
security is a pervasive challenge in Russia. Persistent crime and corruption also attribute to its
pervasive set of challenges.
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.


 

 62.
Award: 10.00 points
Russia, _____ receive the most media coverage and are among the largest of the former
communist countries.
Romania, Poland, and Bulgaria
Czech Republic, Bulgaria, and Poland
Hungary, Romania, and Albania
Poland, Hungary, and the Czech Republic
The Czech Republic, Hungary, and Poland receive the most media coverage and are among the
largest of the former communist countries.
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.



 
 63.
Award: 10.00 points
Which of the following statements is true about the economy of Poland?
The consensus decision-making system of Poland turns out to be too time-consuming in
the new speed-based economy.
During the 1970s and 1980s, Poland's economic success had been without precedent.
Poland is among the largest of the former communist countries that receive the least
media coverage.
Poland's economy was the only economy in the European Union to grow during the global
recession of 2008-2009.
Poland's economy has done relatively well. Its economy was the only economy in the European
Union to continue to grow during the global recession of 2008-2009.
References
Multiple Choice Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.



 
 64.
Award: 10.00 points
A _____ can be defined as an organizational arrangement in Japan in which a large, often vertically
integrated group of companies cooperate and work closely with each other to provide goods and
services to end users.
vertically integrated corporation
keiretsu
maquiladora
chaebol
A keiretsu can be defined as an organizational arrangement in Japan in which a large, often
vertically integrated group of companies cooperate and work closely with each other to provide
goods and services to end users. Its members may be bound together by cross-ownership, long-