Question: The global corporation
A Considers the world to consist of distinct and unique entities
B Operates at low relative costs
C Operates from any one country
D Adjusts its products and practices to each country
Question: Because of formal and informal trade barriers and the uncertainties of the world’s current floating exchange rate regime, several automobile companies have established top-to-bottom manufacturing operations in three major regional markets. Which of the following is one of them?
C South America
D Western Europe
Question: A _____ is issued to the exporter by the common carrier transporting the merchandise and it serves as a receipt, a contract, and a document of title.
A Bill of lading
D Letter of credit
Question: Which of the following is a drawback of relying on an EMC?
A They do not provide references and have no antecedents
B The exporting company can fail to develop its own exporting capabilities
C They typically add little value to the exporting company
D They typically lack knowledge about the local business regulations
Question: _____, or reductions in unit costs as plant output expands, are achieved because of greater utilization of capital equipment and the productivity gains that come with specialization of employees within the plant.
A Minimum efficient scale
B Production cost curve
C Maximum efficient scale
D Economies of scale
Question: The mission of the _____ is to provide financing aid that will facilitate exports, imports, and the exchange of commodities between the United States and other countries.
A Sogo shosha
B World Bank
C Overseas Commercial Service
D Ex-Im Bank
Question: Which of the following is an advantage related to both a relatively low level of fixed costs and to a low minimum efficient scale?
A A firm can hedge against potential adverse moves in currencies
B Products can be standardized across different national markets
C Firms can operate entirely out of their home countries
D Product manufacturing can be limited to a single location
Question: Which of the following is an advantage of a geocentric approach to staffing for international businesses?
A It permits better corporate center control
B It is inexpensive to implement
C It helps build a strong culture
D It helps transfer core competencies
Question: A citizen of Japan who moves to the United States to work at Microsoft would be classified as a(n)
C Third-country national
D Host-country national
Question: When should an exporter get export credit insurance?
A When the exporter is facing a situation where the importer may default on payment
B When the exporter is dealing with a country that has a nonconvertible currency
C When he is unable to obtain any pre-export financing
D When the exporter has received a letter of credit from the importer’s bank
Question: Re-entry of expatriate managers into their home-country organization is termed _____.
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