BUSN Quizes

1.
Question :
(TCO 3) Last year, the nation of Tigerland imported goods totaling $500 million and exported products totaling $386 million. Tigerland experienced a(n): unfavorable balance of trade favorable balance of trade trade surplus benefit from membership in a free trade zone
Student Answer:
Instructor Explanation:
Chapter 3 Page 64
1 of 1
Points Received: Comments:

MultipleChoice
True
1864892010
MultipleChoice
2.
Question :
(TCO 3) The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, and military expenditures is referred to as the: balance of payments balance of trade balance of money flows exchange rate
Student Answer:
Chapter 3 Page 64
1 of 1

1864892011 MultipleChoice
True
MultipleChoice
3.
Question :
(TCO 3) Country A is an extremely efficient producer of tin. However, its climate and terrain make it difficult to produce corn. According to the theory of comparative advantage, Country A should: produce both tin and corn in order to remain self-sufficient
Student Answer:
watch the global market to see which product is bringing the highest price import the resources needed to produce corn concentrate its production on tin and buy corn from an efficient producer
Chapter 3 Page 61
1 of 1

1864892012
0
MultipleChoice
1864892012
8
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8
4.
Question :
(TCO 3) An American firm recently criticized a Chinese steel producer for charging a lower price for its products in the United States than it charges in China. If proven to be true, the Chinese firm has engaged in: industrial protectionism a low labor cost strategy dumping exchange rate manipulation
Student Answer:
Chapter 3 Page 65
1 of 1

1864892013
0
MultipleChoice
1864892013
10
MultipleChoice
True
10
5.
Question :
(TCO 1) Workers in the nation of Argentina prefer managers who forcefully tell employees what to do and how to do it. Conversely, employees in the U.S. prefer to participate in decision making in the workplace. This __________ difference between Argentinian workers and U.S. workers represents a management challenge for firms trading in the global market geo-political economic
Student Answer:
socio-cultural regulatory
Chapter 3 Page 72
0 of 1

15
False
1864892014
MultipleChoice
15
6.
Question :
(TCO 3) Hennessy Hardware, a U.S. 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 rose fell remained constant floated unpredictably
Student Answer:
Chapter 3 Page 74
1 of 1

16
True
1864892015
MultipleChoice
16
7.
Question : Student Answer:
(TCO 3) The strength of the U.S. economy helps explain why: foreign direct investment in the United States has grown steadily the United States enjoys a favorable balance of trade China and Japan formed a common market to become more competitive the U.S. is able to avoid becoming a debtor nation
Chapter 3 Page 71

1864892016 0 MultipleChoice 1864892016
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19 MultipleChoice
True 19
8.
Question :
(TCO 3) Patrick's Products has a manufacturing plant near Chicago. The plant specializes in compact washers and dryers for countries in which consumers have less living space. Patrick's Products participates in the global market through: importing dumping exporting balancing trade
Student Answer:
Chapter 3 Page 64
1 of 1

1864892017 0 MultipleChoice 1864892017
23 MultipleChoice
True 23
9.
Question :
(TCO 1) A form of foreign direct investment, in which a domestic company purchases a company in a foreign country to produce a similar product or service is a: licensor joint venture foreign subsidiary host company
Student Answer:
Chapter 3 Page 70
0 of 1

1864892018 0 MultipleChoice 1864892018
26 MultipleChoice
False 26
10.
Question :
(TCO 3) A major concern voiced by U.S. critics of the North American Free Trade Agreement (NAFTA) is that it would result in: higher prices for consumer goods loss of jobs in the U.S. economy national security problems increased illegal immigration from Mexico
Student Answer:
Chapter 3 Page 78
1 of 1

28
True
1864892019
MultipleChoice
28
11.
Question :
(TCO 3) Current trade data indicates that the nation of Bogusland exports more to other nations than it imports. Bogusland has: an unfavorable balance of trade a trade surplus a trade deficit a low balance of trade
Student Answer:
Chapter 3 Page 64
1 of 1

1864892020 0 MultipleChoice 1864892020
31 MultipleChoice
True 31
12.
Question :
(TCO 3) __________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries Comparative advantage Absolute advantage
Student Answer:
Complete advantage Dumping advantage

Chapter 3 Page 62
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35
True
1864892021
MultipleChoice
35
13.
Question :
(TCO 3) Many of the toy products sold in the United States are imported from Taiwan because the Taiwanese can produce these products more efficiently than U.S. companies. This is an example of: Bilateral advantage Comparative advantage Absolute advantage Unilateral advantage
Student Answer:
Chapter 3 Page 61
1 of 1

37
True
1864892022
MultipleChoice
37
14.
Question :
(TCO 3) _______________ are specialists that match buyers and sellers from different countries and provide services to ease the process of entering global markets Export trading companies Licensees Strategic alliances Keiretsu
Student Answer:
Chapter 3 Page 67

1864892023 0 MultipleChoice 1864892023
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41 MultipleChoice
True 41
15.
(TCO 3) An advantage of forming a joint venture is: no shared costs or risk a perpetual arrangement it's a good strategy for entering new markets in which you have never had a presence it's a great way to enter new markets without divulging any marketing or management strategy to the other member of the joint venture
Chapter 3 Page 70
1 of 1
Points Received:
1.
(TCO 2) Obeying the law is ________ ethical behavior essentially the same as the first step toward the opposite of unlikely to lead to
Chapter 4 Page 90
1 of 1

1871843086 0 MultipleChoice 1871843086
2 MultipleChoice
True 2
2.
Question :
(TCO 2) A(n) ________-based ethics code emphasizes the prevention of unlawful behavior by increasing control and
penalizing wrongdoers
Student Answer:
legal corporate responsibility compliance integrity
Chapter 4 Page 96
1 of 1

1871843087 0 MultipleChoice 1871843087
6 MultipleChoice
True 6
3.
Question :
(TCO 2) The purpose of a(n) ________ is to evaluate an organization's progress toward implementing programs to achieve social responsibility accountability review social audit federal disclosure statement annual report
Student Answer:
Chapter 4 Page 104

1 of 1

1871843088 0 MultipleChoice 1871843088
8 MultipleChoice
True 8
4.
Question :
(TCO 2) Ethical behavior covers a ________ range of conduct than does legal behavior wider more limited smaller
Student Answer:
less demanding
Chapter 4 Page 90
1 of 1

1871843089 0 MultipleChoice 1871843089
12 MultipleChoice
True 12
5.
Question :
(TCO 2) Business relationships often present ethical dilemmas that are ________ not easily resolved easily resolved by following the relevant laws best resolved by creating a lose-lose situation irrelevant and therefore require no action
Student Answer:
Chapter 4 Page 96
1 of 1

1871843090 0 MultipleChoice 1871843090
13 MultipleChoice
True 13
6.
(TCO 2) Issues of social responsibility and ethical behavior are: the result of greed found in capitalist countries found primarily in countries with a low standard of living a concern only of business professors found in many different countries
Chapter 4 Page 105

1 of 1

1871843091
0
MultipleChoice
1871843091
16
MultipleChoice
True
16
7.
Question :
(TCO 2) The vice president of human resources at Ato Enterprises feels strongly that workers need to realize the benefits of their hard work. This reveals the firm's responsibility to: customers investors society employees
Student Answer:
Instructor Explanation: Chapter 4 Page 102

1871843092 0 MultipleChoice 1871843092
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21 MultipleChoice
True 21
8.
Question :
(TCO 2) Which of the following statements describes ethical behavior in the U.S? Due to the diverse cultures that make up the U.S., it is difficult to identify common standards of ethical behavior The only common standards of ethical behavior in the U.S. are reflected in religious teachings We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage Americans will generally describe the golden rule as the only statement of value that they uphold
Student Answer:
Chapter 4 Page 92
1 of 1

23
True
1871843093
MultipleChoice
23
9.
Question :
(TCO 2) Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where ________ to cheat, steal, or lie
Student Answer:
it is absolutely wrong it might be OK business people are expected capitalism forces people
Chapter 4 Page 96
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1871843094 0 MultipleChoice 1871843094
27 MultipleChoice
True 27
10.
Question :
(TCO 2) With respect to Arthur Andersen, a large and wellknown public accounting and consulting firm, the Legal Briefcase box, "Paying the Price" explains: how Arthur Andersen's connection with the Enron scandal was not enough to bring it down how as soon as Arthur Andersen cleared itself by paying fines to the federal government, it went back to "business as usual" that Arthur Andersen's prior conviction was overturned, but it never recovered that Arthur Andersen's consulting arm always behaved ethically, so it was saved
Student Answer:
Chapter 4 Page 91
1 of 1

1871843095 0 MultipleChoice 1871843095
28 MultipleChoice
True 28
11.
Question :
(TCO 2) A U.S. senator has indicated that for a generous contribution to his reelection fund, he would ignore your companys apparent violation of several child labor laws. Which of the following "ethics check questions" would you consider first?
Student Answer:
Is it legal? Is it fair and balanced? How will it make me feel about myself? Is it a generous amount?
Chapter 4 Page 94
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1871843096 0 MultipleChoice 1871843096
31 MultipleChoice
True 31
12.
(TCO 2) Relationships between businesses and among nations should be based on international law, exclusively should be based on fairness, honesty, openness, and moral integrity should be scrutinized carefully to make some determination as to whether both sides have the same type of leader behavior when it comes to assigning work will be adversarial because seldom does either side believe in win-win situations
Chapter 4 Page 96
1 of 1

1871843097 0 MultipleChoice 1871843097
35 MultipleChoice
True 35
13.
Question :
(TCO 2) Creating competition between employees within the corporation: can encourage employees to deceive customers should focus on improving corporate profit must be ignored when corporate ethics are developed
Student Answer:
can bring out the best in employees

Chapter 4 Page 96
1 of 1

1871843098 0 MultipleChoice 1871843098
37 MultipleChoice
True 37
14.
Question :
(TCO 2) Which of the following would most likely involve ethical concerns? Overstating an expense report Forecasting sales for the next year Developing the marketing plan for the next year Improving working conditions
Student Answer:
Chapter 4 Page 96
1 of 1

1871843099 0 MultipleChoice 1871843099
40 MultipleChoice
True 40
15.
Question :
(TCO 2) When a manager is concerned about the legality of firing union workers in order to hire workers willing to work for less pay, a(an) ________-based ethics code is in place. legal corporate responsibility compliance integrity
Student Answer:
Chapter 4 Page 96

BUSN Quizes

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Question : Student Answer:

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Complete advantage Dumping advantage

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Question : Student Answer:

Question : Student Answer:

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legal corporate responsibility compliance integrity

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Chapter 4 Page 104

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Question : Student Answer:

Chapter 4 Page 105

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Instructor Explanation: Chapter 4 Page 102

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Question : Student Answer:

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can bring out the best in employees

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