BUSI 303 Exam 1 correct answers

Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to entering emerging markets

true

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As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization--again reinforcing the notion that globalization is not assimilation

true

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the global business manager must process a strong domestic awareness and must understand the unique factors that contribute to the success of global business

false

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advocates for globalization believe that globalization promotes:

protectionism

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the global business manager must resist and urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating enviroment

true

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which of the following is not true about globalization

is a new phenomenon

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international exchange is a recent concept

false

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united states imports primarily came from which nation?

germany

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standardization requires that business people understand the seamless international marketplace

true

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pax romana heralded the introduction of mass production, transport, tech, factories

false

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the industrial revolution heralded the introduction of which of the following?

all the above

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NAFTA facilitated the importation and exportation of goods and services between the us, mexico,and canada

true

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barriers to trade include all of the following except?

FDI

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all of the following occurred during the information age except?

information was considered to be a scare resource

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economic health is considered positive when a country imports considerably more than exports

false

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which of the following is not a driving force for globalization?

increased restrictions on foreign investments

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pax americana, latin for "american peace" is the period of relative peace in the western world since the end of WWII in 1945, coinciding with the dominant military and economic position of the US

true

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which of the following is a barrier to trade?

sanctions

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globalization has created what the critics refer to as a melting pot or peaceful cooperation of various cultural identities?

false

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ISO standards specify the requirements for the state-of-the-art products, services, processes, materials, and systems, and for good conformity assessment, managerial and organizational practice

true

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which of the following is true regarding ISOs?

ISO stands for The International Standards Organization

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Globalization has impacted the aspects of the international community

political, social, economic

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which of the following is a type of political risk for global managers?

transfer

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WTO was established in the early 1970s to help foster international trade and resolve disputes

false