FIU MAN4600 Quiz 1 covering Chapter 1
1 out of 1 points Correct The process by which companies undertake some activities at offshore locations instead of their countries of origin is known as outsourcing. Question 2 1 out of 1 points Correct A firm with operations in more than one country, international sales, and a nationality mix of managers and owners is a multinational corporation. Question 3 1 out of 1 points Correct The global organization of countries that oversees rules and regulations for international trade and investment is the OECD. Question 4 1 out of 1 points Correct The developing and emerging countries of the world are expected to play an increasingly dominant role in the global economic system. Question 5 1 out of 1 points Correct Very large, family-held Korean conglomerates that have considerable political and economic power are called keirtsu. Question 6 1 out of 1 points Correct The process of social, political, economic, cultural, and technological integration among countries around the world is globalization international management internationalization transnational integration Question 7 1 out of 1 points the North American Free Trade Agreement the Central American Free Trade Agreement the Free Trade Agreement of the Americas the General Agreement on Tariffs and Trade Question 8 1 out of 1 points Correct Investment in property, plant, or equipment in another country is known as capital investment a multinational corporation multinational investment foreign direct investment Question 9 1 out of 1 points Correct Which type of economy exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices? Answers: a command economy a market economy a mixed economy a collectivist economy Question 10 1 out of 1 points Which country is the United States' largest trading partner? Selected Answer: Great Britain Mexico China Canada