Question 1

Effective human resource management styles are transferable from one culture to another.

Accepted Answer

A) True 
 B)False

Question 2

been?

Accepted Answer

A)   12
B)   2
C)   17
D)   5
E)   8F) C) and D)
G) None of the above

Question 3

What is the purpose of the World Bank?

Accepted Answer

Recognizing the relationship between eco...

Question 4

Why are a variety of Canadian organizations realizing new market potential in emerging developing economies of the world?

Accepted Answer

A)   Cost Reduction
B)   Resource Base Control
C)   Closeness to Market
D)   Rapid growth
E)   Economies of ScaleF) C) and E)
G) D) and E)

Question 5

Paula,a Canadian businessperson who closely follows international business conditions,recently read a newspaper article predicting that the value of the dollar will soon fall.If this article is correct,Paula should expect:

Accepted Answer

A)   prices of imported goods to rise, and prices of Canadian goods sold overseas to rise as well.
B)   prices of imported goods to rise, but prices of Canadian goods sold overseas to fall.
C)   prices of imported goods to fall, and prices of Canadian goods sold overseas to fall as well.
D)   prices of imported goods to fall, but prices of Canadian goods sold overseas to rise.E) A) and B)
F) B) and C)

Question 6

Which of the following is NOT a requirement for competing in today's global economy?

Accepted Answer

A)   efficient and effective production and manufacturing systems
B)   well-organized and expertly-supported trade facilitation processes
C)   efficient and effective resource allocation
D)   well-organized and expertly-supported distribution logistics
E)   solid network of financial intermediation and support.F) A) and C)
G) C) and E)

Question 7

Only large firms have the resources needed to successfully compete in the global environment.

Accepted Answer

A) True 
 B)False

Question 8

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Accepted Answer

A)   stagnating
B)   improving
C)   decreasing
D)   uplifting
E)   none of the aboveF) C) and D)
G) None of the above

Question 9

Which of the following is NOT a core component behind the rise of the developing economies of the world?

Accepted Answer

A)   concept of trade
B)   capital investment
C)   enhanced purchasing power for consumers
D)   seeking the most productive and cost-effective systems for the manufacturing of goods and services
E)   seeking the most productive and cost-effective systems for the delivery of goods and servicesF) B) and C)
G) A) and E)

Question 10

Hennessy Hardware,a Canadian retailer,buys much of its inventory from Asian countries.Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports.

Accepted Answer

A)   rose
B)   fell
C)   remained constant
D)   floated unpredictablyE) None of the above
F) All of the above

Question 11

Companies doing business internationally have traditionally used a globalization strategy.

Accepted Answer

A) True 
 B)False

Question 12

Free trade results in a mutually beneficial exchange for the countries involved.

Accepted Answer

A) True 
 B)False

Question 13

What sectors prices are expected to continue to have a strong influence on the cost base of many businesses?

Accepted Answer

A)   labour
B)   energy
C)   raw materials
D)   goods
E)   servicesF) C) and D)
G) A) and B)

Question 14

What has the internet and ecommerce models done for the operating structure in many industries?

Accepted Answer

The internet and ecommerce models have,i...

Question 15

Which of the following in NOT part of the whole new set of employment and organizational structure requirements and challenges?

Accepted Answer

A)   Cultural and social issues relating to staffing
B)   Cultural and social issues, relating to customer attitudes
C)   Cultural and social issues, relating to foreign market needs
D)   Protectionist attitudes within some governments
E)   Issues related to foreign market needsF) B) and E)
G) A) and D)

Question 16

An exchange rate is the value of one nation's currency relative to the currencies of other nations.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements best describes the possibilities for small businesses in global markets?

Accepted Answer

A)   Small businesses have little chance of competing against giant multinational corporations in global markets.
B)   Small businesses already dominate global business. In fact, most multinational corporations are actually quite small.
C)   Small businesses are often better prepared to enter global markets than large, bureaucratic corporations.
D)   The main problem faced by small businesses in global markets is that franchise arrangements favoured by small business owners are illegal in most countries.E) All of the above
F) None of the above

Question 18

Why do Canadian companies naturally look first to the U.S.for potential growth opportunities?

Accepted Answer

They look first to the U.S.bec...

Question 19

As a market for Canadian exports,China represents the only major business opportunity for Canadian firms in Asia today.

Accepted Answer

A) True 
 B)False

Question 20

What type of investment is currently under way within the emerging market countries?

Accepted Answer

A)   sovereign
B)   capital
C)   infrastructure
D)   foreign direct
E)   foreign developmentF) A) and B)
G) A) and C)

Exam 3: The Global Marketplace

An exchange rate is the value of one nation's currency relative to the currencies of other nations.

Correct AnswerverifiedShow Answer

What sectors prices are expected to continue to have a strong influence on the cost base of many businesses?

Correct AnswerverifiedShow Answer

What has the internet and ecommerce models done for the operating structure in many industries?

Correct AnswerverifiedThe internet and ecommerce models have,i...View AnswerShow Answer

Which of the following in NOT part of the whole new set of employment and organizational structure requirements and challenges?

Correct AnswerverifiedShow Answer

Effective human resource management styles are transferable from one culture to another.

Correct AnswerverifiedShow Answer

What is the purpose of the World Bank?

Correct AnswerverifiedRecognizing the relationship between eco...View AnswerShow Answer

Hennessy Hardware,a Canadian retailer,buys much of its inventory from Asian countries.Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports.

Correct AnswerverifiedShow Answer

Only large firms have the resources needed to successfully compete in the global environment.

Correct AnswerverifiedShow Answer

What type of investment is currently under way within the emerging market countries?

Correct AnswerverifiedShow Answer

been?

Correct AnswerverifiedShow Answer

As a market for Canadian exports,China represents the only major business opportunity for Canadian firms in Asia today.

Correct AnswerverifiedShow Answer

Why are a variety of Canadian organizations realizing new market potential in emerging developing economies of the world?

Correct AnswerverifiedShow Answer

Which of the following statements best describes the possibilities for small businesses in global markets?

Correct AnswerverifiedShow Answer

Why do Canadian companies naturally look first to the U.S.for potential growth opportunities?

Correct AnswerverifiedThey look first to the U.S.bec...View AnswerShow Answer

Paula,a Canadian businessperson who closely follows international business conditions,recently read a newspaper article predicting that the value of the dollar will soon fall.If this article is correct,Paula should expect:

Correct AnswerverifiedShow Answer

Free trade results in a mutually beneficial exchange for the countries involved.

Correct AnswerverifiedShow Answer

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Correct AnswerverifiedShow Answer

Which of the following is NOT a core component behind the rise of the developing economies of the world?

Correct AnswerverifiedShow Answer

Which of the following is NOT a requirement for competing in today's global economy?

Correct AnswerverifiedShow Answer

Companies doing business internationally have traditionally used a globalization strategy.

Correct AnswerverifiedShow Answer

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The internet and ecommerce models have,i...
View Answer

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Recognizing the relationship between eco...
View Answer

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Correct Answer
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Correct Answer
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They look first to the U.S.bec...
View Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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