D080 - Managing in a Global Business Environment

Question 21: Which term refers to a temporary restriction imposed by a government on the export or import of goods for economic or political reasons?

Tariff

Quota

Embargo

Subsidy

Question 22: Which law prohibits U.S. companies from making corrupt payments to foreign officials to obtain or retain business?

Sarbanes-Oxley Act

Foreign Corrupt Practices Act

Sherman Antitrust Act

Dodd-Frank Act

Question 23: Which of the following is a cooperative institution that helps member countries stabilize their economies by providing financial assistance?

World Bank

United Nations

International Monetary Fund

World Trade Organization

Question 24: Which term refers to a company's ethical responsibility to minimize harm and promote good practices in society and the environment?

Corporate social responsibility

Corporate governance

Stakeholder management

Ethical capitalism

Question 25: Which economic concept measures the total value of goods and services produced within a country's borders?

Gross domestic product

Gross national product

Purchasing power parity

Balance of payments

Question 26:

Free trade area

Customs union

Common market

Question 27:

Low costs through standardization

Ability to customize products for local markets

Greater control over global operations

Question 28:

Reengineering

Outsourcing

Benchmarking

Question 29:

Greenfield investment

Joint venture

Strategic alliance

Question 30:

Promote international trade

Provide financial assistance to developing countries

Resolve trade disputes between nations

Question 31:

Creative accounting

Fraudulent reporting

Accounting irregularities

Question 32:

involves acquiring or merging with a local firm in the target country?

Horizontal FDI

Vertical FDI

Greenfield FDI

Question 33:

Free movement of labor and capital between member states

Common trade policies toward non-member countries

Uniform taxation systems across member countries

Question 34:

Regulate the stock market

Develop and issue accounting standards in the U.S.

Oversee financial reporting of public companies

Question 35:

Power distance

Individualism vs. collectivism

Masculinity vs. femininity

Question 36:

Gross domestic product

Purchasing power parity

Gross national product

Question 37:

Licensing

Outsourcing

Franchising

Question 38:

Common law

Civil law

Customary law

Question 39:

Stable economic environment

Established legal system

Political instability

Question 40:

Decision-making authority is concentrated at the top

Employees at all levels are empowered to make decisions

Operations are centrally managed from headquarters

D080 Managing in a Global Business Environment - Set 2 - Part 2