International Business MKTG 317 Quizzes (1 - 5)
Quiz 1
A _______economy follows the principles of collectivism as resources are allocated
based on "the common good"
Command
Corinne has analysed the overall attractiveness of doing business with three possible
countries and has determined that country A is the best choice based on the potential
for huge economic growth that should occur there because of recent advances in
technology. Which factor of overall attractiveness is Corinne basing her decision on?
Benefits
What is an accurate description of how the political economy of many of the world’s
nation-states has changed radically since the late 1980s?
There had been a move away from centrally planned and mixed economies and toward
a more free market economic model
Julie asked her assistant to determine the gross national income of three different
countries by evaluating the GNI against the cost of living in the United States. What
Measure is Julie asking her assistant to use?
Purchasing power parity
TimeForce, a U.S. based company is planning to expand operations to a foreign
country. Considering the factors that make a country attractive as a place in which to do
business, which country should TimeForce consider entry?
Country D, which has Democratic institutions and a market-based economic system
As a judge in France, Maurice is not allowed to interpret the law but relies on a strict set
of codes to determine the outcome of a case, Which type of law is in place in France?
Civil Law System
A country that has _____ lowers the risk of doing business in that country
The presence of a strong legal system
James is the warehouse supply manager for a major tool corporation. It is his job to take
inventory of the tools the company has available and send orders to make more tools
when supplies run low. The supply and demand form of production is and example of a
____ economy.
Market
A country that has lax intellectual property laws will find that ....
Firms will be reluctant to enter into such a country