International Management: Culture, Strategy, and Behavior 11th Edition by Fred Luthans Test bank
firms, and
communities.
34.
Award: 10.00 points
According to some critics, agreements like North American Free Trade Agreement (NAFTA) and
Central American Free Trade Agreement (CAFTA):
have been successful in ensuring environmental standards.
have been successful in preventing the decline of the global working-age population.
do not go far enough in ensuring worker rights.
do not go far enough in protecting property rights.
According to some critics, agreements like North American Free Trade Agreement (NAFTA) and
Central American Free Trade Agreement (CAFTA) do not go far enough in ensuring worker rights.
They also believe that the agreements do not go far enough in ensuring environmental standards.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
35.
Award: 10.00 points
The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei,
Thailand, Cambodia, Myanmar, and Vietnam, is referred to as the:
Association of Southeast Asian Nations (ASEAN).
Southeast Asia Free Trade Agreement (SWAFTA).
Southeast Asia Common Market.
Asian Economic Union.
The Association of Southeast Asian Nations (ASEAN) is made up of Indonesia, Malaysia, the
Philippines, Singapore, Brunei, Thailand, Cambodia, Laos, Myanmar, and Vietnam.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
36.
Award: 10.00 points
A method that adjusts GDP to account for different prices in countries is called:
cumulative distribution function.
nominal GDP.
current currency exchange rate.
purchasing power parity.
Purchasing power parity (PPP) is a method that adjusts GDP to account for different prices in
countries.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
37.
Award: 10.00 points
Unlike the Group of Seven (G7) economies, the Emerging Seven (E7) economies are:
primarily located in North America and Europe.
located throughout Latin America and Asia.
mature economies in which economic growth is slow.
incentivizing citizens to have more children.
Unlike the Group of Seven (G7) economies, the Emerging Seven (E7) economies are located
throughout Latin America and Asia. In March 2006, the term E7 was coined by
PricewaterhouseCoopers (PwC) to describe seven major emerging economies of Brazil, China,
India, Indonesia, Mexico, Russia, and Turkey that are expected to expand significantly in the coming
decades.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
38.
Award: 10.00 points
Which of the following statements is true according to the reports that were released by Goldman
Sachs in the early 2000s?
The economies of Russia and Brazil would remain unaffected by the low prices for oil and
other commodities in the years 2015 and 2016.
The BRIC (Brazil, Russia, India, and China) economies' share of world growth could rise
significantly from 2003 to 2025.
The economies of Indonesia, Mexico, and Turkey could expand significantly in the coming
decades.
The E7 (Brazil, China, India, Indonesia, Mexico, Russia, and Turkey) economies would
mature and slowdown in terms of market exchange rates.
According to the reports that were released in 2004 and 2011 by the Goldman Sachs global
economics team, the BRIC (Brazil, Russia, India, and China) economies' share of world growth could
rise significantly from 2003 to 2025. It could rise from 20 percent in 2003 to more than 40 percent
in 2025. The reports also predicted that the BRIC's total weight in the world economy would rise
from approximately 10 percent in 2004 to more than 20 percent in 2025.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
39.
Award: 10.00 points
_____ is the term used to indicate the amount invested in property, plant, and equipment in another
country.
Exporting
Foreign direct investment
Importing