Question 1

Many countries use ________________ policies as a way to protect their domestic industries from unfair foreign competition.

Accepted Answer

A)   export limitation
B)   global marketing
C)   trade protectionism
D)   import enhancementE) A) and B)
F) A) and C)

Question 2

Currency fluctuations can be an advantage to firms trading in the global market.

Accepted Answer

A) True 
 B)False

Question 3

In terms of global competitiveness explain and provide an example of why organizations locate in and purchase inputs from other countries.

Accepted Answer

In terms of global competitiveness,organ...

Question 4

What organization played a key role in the development of a solution to the sovereign debt issues challenging the governments of a number of European Union members in 2010 and 2011?

Accepted Answer

A)   WTO
B)   IMF
C)   U.S. government
D)   ECB
E)   World BankF) None of the above
G) A) and B)

Question 5

Free trade is the movement of goods and services among nations without political or economic obstruction.

Accepted Answer

A) True 
 B)False

Question 6

The __________ represents the first attempt to establish a truly global mediation centre to resolve international trade disputes.

Accepted Answer

A)   International Trade Court
B)   World Trade Organization
C)   Global Trade Commission
D)   United Nations Arbitration CentreE) None of the above
F) All of the above

Question 7

Countries often used trade protectionism measures to protect their domestic industries from foreign competition.

Accepted Answer

A) True 
 B)False

Question 8

At approximately what rate are the emerging economies expect to grow compared to the fully-developed economies of the world?

Accepted Answer

A)   2X
B)   3X
C)   1X
D)   5X
E)   0.5XF) B) and D)
G) D) and E)

Question 9

___________ strategy.

Accepted Answer

A)   Import
B)   Export
C)   Price-focused
D)   Competitive
E)   TradeF) A) and B)
G) C) and E)

Question 10

____________ is an example of a successful Canadian business which started out as a small local player,and has evolved into an international organization with retail store locations in the U.S.and Australia.

Accepted Answer

A)   Lululemon Athletica
B)   Magna International
C)   Research in Motion
D)   Sinopec
E)   The Hudson's Bay CompanyF) B) and D)
G) B) and C)

Question 11

Where do Canadian companies naturally look first for potential growth opportunities?

Accepted Answer

A)   Asia
B)   South America
C)   Britain
D)   U.S.
E)   MexicoF) C) and D)
G) B) and E)

Question 12

Efficient currency exchange markets have eliminated countertrade in global business transactions.

Accepted Answer

A) True 
 B)False

Question 13

What is the major challenge for Canadian companies in the foreseeable future?

Accepted Answer

For Canadian companies,the major challen...

Question 14

was established to mediate trade disputes and oversee global business practices.

Accepted Answer

A) True 
 B)False

Question 15

Trade protectionism is the use of government regulations to encourage the import of goods and services.

Accepted Answer

A) True 
 B)False

Question 16

Many economists and business experts contend that ________ will likely be the growth market of the future.

Accepted Answer

A)   Asia
B)   Africa
C)   South America
D)   the Middle EastE) B) and D)
F) B) and C)

Question 17

United States has stopped some Canadian goods from entering the country because it said that the information on the labels was too small.This is an example of a(n) : :

Accepted Answer

A)   tariff
B)   import quota
C)   nontariff barrier
D)   embargoE) A) and C)
F) B) and C)

Question 18

Socio-cultural forces that affect global businesses include customs,language,and religion.

Accepted Answer

A) True 
 B)False

Question 19

A ________ tariff is designed to raise the price of imported products so that domestic goods are more competitively priced.

Accepted Answer

A)   protective
B)   restrictive
C)   progressive
D)   revenueE) B) and C)
F) C) and D)

Question 20

Which of the following are NOT considered part of the BRIC countries leading emerging economy impact on the global marketplace?

Accepted Answer

A)   Russia
B)   Brazil
C)   Italy
D)   India
E)   ChinaF) All of the above
G) B) and D)

Exam 3: The Global Marketplace

In terms of global competitiveness explain and provide an example of why organizations locate in and purchase inputs from other countries.

Correct AnswerverifiedIn terms of global competitiveness,organ...View AnswerShow Answer

United States has stopped some Canadian goods from entering the country because it said that the information on the labels was too small.This is an example of a(n) : :

Correct AnswerverifiedShow Answer

Efficient currency exchange markets have eliminated countertrade in global business transactions.

Correct AnswerverifiedShow Answer

Many countries use ________________ policies as a way to protect their domestic industries from unfair foreign competition.

Correct AnswerverifiedShow Answer

Many economists and business experts contend that ________ will likely be the growth market of the future.

Correct AnswerverifiedShow Answer

was established to mediate trade disputes and oversee global business practices.

Correct AnswerverifiedShow Answer

Currency fluctuations can be an advantage to firms trading in the global market.

Correct AnswerverifiedShow Answer

Which of the following are NOT considered part of the BRIC countries leading emerging economy impact on the global marketplace?

Correct AnswerverifiedShow Answer

What organization played a key role in the development of a solution to the sovereign debt issues challenging the governments of a number of European Union members in 2010 and 2011?

Correct AnswerverifiedShow Answer

Socio-cultural forces that affect global businesses include customs,language,and religion.

Correct AnswerverifiedShow Answer

Where do Canadian companies naturally look first for potential growth opportunities?

Correct AnswerverifiedShow Answer

___________ strategy.

Correct AnswerverifiedShow Answer

The __________ represents the first attempt to establish a truly global mediation centre to resolve international trade disputes.

Correct AnswerverifiedShow Answer

Trade protectionism is the use of government regulations to encourage the import of goods and services.

Correct AnswerverifiedShow Answer

Countries often used trade protectionism measures to protect their domestic industries from foreign competition.

Correct AnswerverifiedShow Answer

What is the major challenge for Canadian companies in the foreseeable future?

Correct AnswerverifiedFor Canadian companies,the major challen...View AnswerShow Answer

At approximately what rate are the emerging economies expect to grow compared to the fully-developed economies of the world?

Correct AnswerverifiedShow Answer

____________ is an example of a successful Canadian business which started out as a small local player,and has evolved into an international organization with retail store locations in the U.S.and Australia.

Correct AnswerverifiedShow Answer

Free trade is the movement of goods and services among nations without political or economic obstruction.

Correct AnswerverifiedShow Answer

A ________ tariff is designed to raise the price of imported products so that domestic goods are more competitively priced.

Correct AnswerverifiedShow Answer

Correct Answer
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In terms of global competitiveness,organ...
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For Canadian companies,the major challen...
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Correct Answer
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