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Question: An unfavorable balance of trade occurs when the value of: Your imports equals the value of exports. Answer:
imports exceeds the value of exports. cash inflows are equal to the value of cash outflows. exports exceed the value of imports.
Points 1 of 1 Received: 2. Question: 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.
Points 1 of 1 Received: 3. Question: Country A is an extremely efficient producer of tin. However, its climate and terrain makes 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. 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.
Points 1 of 1 Received: 4. Question: An important principle for firms desiring to export is: sell to countries with a higher standard of living than your country Your has. Answer:
realize that American methods are always best. find a need in the global market and fill it. if your product sells well in the U.S. it will sell well globally.
Points 1 of 1 Received: 5. Question: The value of goods imported into France exceeds the value of French exports.
This indicates that France:
will experience an exchange rate decrease.
Answer: utilizes high tariffs.S. economy. import quota. CORRECT Points 1 of 1 Received: .S. Question: Using contract manufacturing as a strategy to reach global markets offers firms the advantage of: Your significant start-up costs. Question: Hennessy Hardware.S. Your Answer: rose fell remained constant floated unpredictably CORRECT Points 1 of 1 Received: 9. Question: The U. buys much of its inventory from Asian countries. This type of trade restriction is called a(n): Your Answer: embargo. has a balance of trade deficit. Answer: reduced risks. is seen as a sign of ________ in the U. Points 1 of 1 Received: 8. Your inflation Answer: a favorable balance of trade weakness strength CORRECT Points 1 of 1 Received: 7. revenue tariff. CORRECT Points 1 of 1 Received: 6. will incur a budget deficit. CORRECT increased volatility.S. Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports. export cap. currency stability. Question: Foreign investment in the U. retailer. a U. government has announced a 5 million-pound annual limit on beef imported from Argentina.
This is an example of: Your Answer: licensing. CORRECT Points 1 of 1 Received: 11.S. The firm's entire profits are derived from this international transaction. a foreign subsidiary. changes in the value of the U. decisions by the Federal Reserve Board of Governors in order to implement monetary policy. Answer: the United States enjoys a favorable balance of trade.S. economy helps explain why: Your foreign direct investment in the United States has grown steadily. . Question: Under a system of floating exchange rates. China and Japan formed a common market to become more competitive. a joint venture. fluctuations in the world price of gold. the U. is able to avoid becoming a debtor nation. CORRECT Points 1 of 1 Received: 14.S. government and the World Trade Organization. Question: Pepsi Cola has entered into a long-term contract with a South African beverage business. Adam's Apple Corporation: Your Answer: is an example of a multinational corporation. Pepsi will receive a royalty on each case of soda sold. critics of the North American Free Trade Agreement (NAFTA) is that it would result in: Your Answer: higher prices for consumer goods. balance of trade deficit. Question: Adam's Apple Corporation ships all of the apples from its orchards in Washington to a single buyer in Japan.10. The contract calls for the South African firm to produce and market Pepsi Cola in South Africa. dollar relative to other currencies are the result of: Your Answer: negotiated rate adjustments between the U.S.S. CORRECT Points 1 of 1 Received: 13. is contributing to the U. changes in the supply of and/or demand for dollars in the global currency market. will benefit greatly from the establishment of NAFTA. foreign direct investment. CORRECT Points 1 of 1 Received: 12. is not a multinational corporation.S. Question: A major concern voiced by U. Question: The strength of U.
increased illegal immigration from Mexico. . the increase in lawsuits used to avoid personal responsibility. The Internet allows new competitors entering a foreign CORRECT market to bypass the traditional distribution channels. Question: When discussing moral and ethical issues. the nation's business schools that tolerate unethical behavior in students. CORRECT Points 1 of 1 Received: 2. CORRECT Points 1 of 1 Received: 3. annual report. Points 1 of 1 Received: Grade Details 1. Internet chat rooms allow for an increased use of bartering as a method of resolving international payment problems. Legal and regulatory forces are ignored because Internet transactions are difficult to police. Question: The purpose of a(n) ________ is to evaluate an organization's progress towards implementing programs to achieve social responsibility.loss of jobs in the U. national security problems. Question: Which of the following best describes the impact of the Internet on global market transactions? Your The use of email has minimized the risk of expropriation Answer: of a firm's assets by a foreign government. Your Answer: accountability review social audit federal disclosure statement. religious institutions. Question: The majority of CEOs blame unethical employee conduct on: Your the breakdown of traditional religious institutions. CORRECT Points 1 of 1 Received: 15. Answer: a failure of leadership to establish ethical standards. economy. it is helpful to remember that ethical behavior begins with: Your Answer: schools.S.
each of us. INCORRECT not unique to the United States. Answer: shifting the blame for product liability cases onto the legal system. Question: Top management at Lancer Distributing is convinced that they have a social responsibility to their community.law enforcement officers. CORRECT ANSWER Answer: easily resolved by following the relevant laws. Your not easily resolved. Answer: unique to the United States. irrelevant and therefore require no action. CORRECT Points 1 of 1 Received: 4. Question: Business relationships often present ethical dilemmas that are ________. CORRECT ANSWER Points 0 of 1 Received: 6. supporting their preferred government officials. Question: Businesses can best meet their responsibility to society by: Your creating markets for domestic products. Your wider CORRECT Answer: more limited smaller less demanding Points 1 of 1 Received: 7. creating wealth for their stockholders. This is an example of corporate: . less important now than in the past. INCORRECT best resolved by creating a lose-lose situation. Question: Ethical behavior covers a ________ range of conduct than does legal behavior. Question: Ethical problems and issues of social responsibility are: Your unique to firms involved in global trade. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. Points 0 of 1 Received: 8. CORRECT Points 1 of 1 Received: 5.
everyone enjoys a cleaner environment regardless of who pays for it. government official has indicated that for a generous contribution to his reelection fund. found in many different countries. CORRECT Points 1 of 1 . less interested in social responsibility than in the past. This means that: Your ultimately it is the public that pays for environmental clean up. at odds with the general public in regard to ethical issues. Question: A U. Which of the following "ethics check questions" would you consider first? Your Answer: Is it legal? Is it fair? How will it make me feel about myself? How much do you want? CORRECT Points 1 of 1 Received: 12. Answer: businesses have a responsibility to minimize their environmental pollution. Answer: a concern only of business professors. CORRECT Points 1 of 1 Received: 9. he would ignore your firm's apparent violation of several anti-pollution laws. Question: Issues of social responsibility and ethical behavior are: Your the result of greed found in capitalist countries. CORRECT ANSWER Points 0 of 1 Received: 11.Your Answer: guilt payments. Answer: held to less strict moral standards than in the past. Question: Environmental quality is considered to be a public good. short run profit maximization. Question: Top leaders in government and business today are: Your held to higher ethical standards than in the past. INCORRECT found primarily in countries with a low standard of living. philanthropy. CORRECT Points 1 of 1 Received: 10. structure and strategy. society places a higher value on private goods and services.S.
employees. and customers. evasion of social audit measurements. a response to a government mandate. society. CORRECT focus on criminal penalties. Question: The most important factor causing businesses to vigorously enforce ethical standards is the: Your desire to eliminate employee turnover. distributors.13. investors. CORRECT Points 1 of 1 Received: 14. Question: The vice president of human resources at Ato Enterprises feels strongly that workers need to realize the benefits of their hard work. Received: Question: In an effort to help employees resist the pressure to make an unethical decision. Points 1 of 1 Received: 15. a personal responsibility commitment. This reveals the firm's responsibility to: Your Answer: customers. This approach is consistent with: Your Answer: an integrity-based ethics code. the Johnston Petroleum Company has communicated its code of ethics statement to suppliers. a compliance-based ethics code. CORRECT Points 1 of 1 Received: . Answer: fear of negative publicity. subcontractors.
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