Global Business - 中国大学mooc
1. Globalization
1 Globalization
1、Globalization refers to the shift toward a more integrated and ___________ world economy.
A、interdependent
B、independent
C、dependent
D、nonrelated
2、The globalization of markets refers to the merging of historically distinct and separate _________________ into one huge global marketplace.
A、regional markets
B、national markets
C、international markets
D、local markets
3、The globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of _____________in the cost and quality of factors of production.
A、national differences
B、international markets
C、global markets
D、regional development
4、Multinational Enterprise (MNE) is a firm that owns business operations in _________________.
A、more than one country
B、less than two countries
C、domestic market
D、regional markets
5、International Business refers to any firm that engages in international _________________.
A、trade or investment
B、sales
C、mergers & acquisitions
D、product development
6、Globalization has several facets, including _____________________.
A、the globalization of markets
B、the globalization of production
C、the globalization of manufacturing
D、the globalization of marketing
7、Over the past half century, a number of important global institutions have been created to help manage, regulate, and policed the global marketplace, including _________________.
A、GATT
B、WTO
C、IMF
D、UN
8、The macro factors which underlie the trend toward greater globalization are _________________.
A、declining trade and investment barriers
B、technological change
C、government policies
D、development of private business
9、The technological change to push the development of globalization lies in _________________.
A、microprocessors and telecommunications
B、the Internet and World Wide Web
C、transportation technology
D、new materials
10、The globalization debate lies in the following aspects: _________________.
A、jobs and income
B、labor policies and the environment
C、national sovereignty
D、the world’s poor
11、In many global markets, the same firms frequently try to avoid confronting each other as competitors in nation after nation
12、The World Trade Organization is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by WTO members
13、The United Nations was established October 24, 1990, by 51 countries committed to preserving peace through international cooperation and collective security
14、In terms of travel time, New York is now “farer” to Shanghai than it was to Philadelphia in the Colonial days.
15、In addition to the globalization of production, technological innovations have also facilitated the globalization of markets.
16、_____________ occurs when a firm exports goods or services to consumers in another country.
17、The ________ was established to maintain order in the international monetary system.
18、The ________ was set up to promote economic development.
19、_____________occurs when a firm invests resources in business activities outside its home country.
20、_____________ illustrates that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.
1 Globalization
1、“The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement.
2. Country Differences
2. Country Differences
1、Political system is the system of ___________ in any nation.
A、government
B、politics
C、law
D、economy
2、Collectivism is a political system that stresses the primacy of _________________ goals over _________________ goals.
A、collective, individual
B、positive, negative
C、positive, individual
D、negative, collective
3、Market economy is an economic system in which the interaction of _____________ determines the quantity in which goods and services are produced.
A、supply and demand
B、goods and services
C、market and government
D、economy and law
4、Civil law system is a system of law based on a detailed set of _________________.
A、written laws and codes
B、written tradition
C、written precedent
D、written custom
5、Intellectual property is the property of _________________.
A、intellectual activity
B、intellectual creation
C、intellectual involvement
D、intellectual development
6、Ethical system is a set of moral principles, or values, that are used to guide and shape _________________.
A、organization
B、society
C、belief
D、behavior
7、Political economy refers to the interdependent combination of a country’s _____________________ systems.
A、political
B、economic
C、legal
D、cultural
8、Common law is a system of law based on _________________.
A、tradition
B、precedent
C、custom
D、value
9、Copyrights are exclusive legal rights of _________________ to publish and dispose of their work as they see fit.
A、authors
B、composers
C、artists
D、publishers
10、Product liability involves holding a firm and its officers responsible when a product causes _________________ to its users.
A、injury
B、death
C、damage
D、anger
11、Innovation refers to development of new _________________.
A、products
B、processes
C、organizations
D、strategies
12、Religion is a system of shared _________________ that are concerned with the realm of the sacred.
A、beliefs
B、rituals
C、positions
D、value
13、Entrepreneurs refers to those who first commercialize innovations.
14、Patents are designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products.
15、Trademark is a legal device that grants the inventor of a new product or process exclusive rights for a defined period to the manufacture, use, or sale of that invention.
16、Deregulation is the process of removing legal restrictions to the free play of markets, the establishment of state owned enterprises, and the manner in which state owned enterprises operate.
17、Legal risk is the likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights.
18、Caste system is an open system of stratification in which social position is not determined by the family into which a person is born, and change out of that strata is usually possible during a person’s life.
19、The ________ is an adjustment in gross domestic product per capita to reflect differences in the lost of living.
20、_______ are advantages accruing to the first to enter a market.
21、Late-mover advantages are handicaps experienced by being a _____________ to a market.
22、____________ is the basic social organization of a society.
23、Social Strata refers to the _____________ categories within a society, defined on the basis of such elements as family background, income, and occupation.
24、Social mobility is the extent to which _____________ can move out of the strata into which they are born.
3. The Global Trade and Investment Environment
3. The Global Trade and Investment Environment
1、Free trade is the absence of barriers to the free flow of ___________ between countries.
A、capital
B、persons
C、goods and services
D、production factors
2、Mercantilism is an economic philosophy advocating that countries should simultaneously _________________ exports and _________________ imports.
A、encourage, encourage
B、encourage, discourage
C、discourage, encourage
D、discourage, discourage
3、Zero-sum game is a situation in which an economic _____________ by one country results in an economic _____________ by another.
A、gain, loss
B、loss, loss
C、gain, gain
D、win, win
4、Economies of scale refer to cost advantages associated with _________________ production.
A、mid-scale
B、small-scale
C、large-scale
D、long-term
5、First-mover advantages refer to advantages accruing to the first to _________________ a market.
A、enter
B、exit
C、monopoly
D、dominate
6、Balance-of-payments accounts are national accounts that track both _________________ and _________________ foreigners.
A、surplus to, deficit from
B、receipts to, payments from
C、deficit to, surplus from
D、payments to, receipts from
7、Current account records transactions involving the export or import of _________________.
A、goods
B、goods and services
C、capital
D、services
8、Current account deficit occurs when a country _________________ more goods, services, and income than it _________________.
A、imports, exports
B、exports, imports
C、consumes, creates
D、creates, consumes
9、Capital account records _________________ in the stock of assets.
A、constant
B、long-term
C、short-term
D、one-time
10、Financial account records _________________ that involve the purchase or sale of assets.
A、changes
B、rises
C、transactions
D、reductions
11、A _________________ is a tax levied on imports or exports.
A、tariff
B、taxation
C、custom
D、duty
12、Specific tariff refers to a tariff levied as a _________________ charge for each unit of good imported.
A、permanent
B、variable
C、flexible
D、fixed
13、Ad valorem tariff refers to a tariff levied as a _________________ of the value of an imported good.
A、proportion
B、reduction
C、exemption
D、revaluation
14、Subsidy is a payment made by the government to producers of a good or service, which is intended to _________________ their costs.
A、change
B、raise
C、lower
D、balance
15、Import quota a direct restriction on the _________________ of a good that can be imported into a country.
A、balance
B、quality
C、demand
D、quantity
16、Local content requirement is a requirement that some specific fraction of a good be produced _________________.
A、internationally
B、transnationally
C、globally
D、domestically
17、Antidumping policies are designed to punish _________________ firms that engage in dumping and thus protect domestic producers from unfair foreign competition.
A、domestic
B、foreign
C、global
D、international
18、Infant industry argument advocates that new industries in developing countries must be _________________ protected from international competition to help them reach a position where they can compete on world markets with the firms of developed nations.
A、completely
B、partially
C、temporarily
D、permanently
19、Greenfield investment is to establish a _________________ in a foreign country.
A、new office
B、existent business
C、new branch
D、new operation
20、Oligopoly is an industry composed of a _________________ number of large firms.
A、limited
B、large
C、reasonable
D、big
21、Trade creation refers to trade created due to _________________, occurs when high-cost domestic producers are replaced by low-cost foreign producers in a free trade area.
A、globalization of markets
B、globalization of production
C、regional economic integration
D、foreign direct investment
22、Trade diversion refers to trade diverted due to _________________, occurs when low-cost foreign suppliers outside a free trade area are replaced by high-cost foreign suppliers in a free trade area.
A、globalization of markets
B、globalization of production
C、regional economic integration
D、foreign direct investment
23、Factor endowments refer to a country’s endowments with resources such as _________________.
A、location
B、land
C、labor
D、capital
24、Regional economic integration refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of _________________ between each other.
A、goods
B、services
C、factors of production
D、resources
1 Globalization
1、Globalization refers to the shift toward a more integrated and ___________ world economy.
A、interdependent
B、independent
C、dependent
D、nonrelated
2、The globalization of markets refers to the merging of historically distinct and separate _________________ into one huge global marketplace.
A、regional markets
B、national markets
C、international markets
D、local markets
3、The globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of _____________in the cost and quality of factors of production.
A、national differences
B、international markets
C、global markets
D、regional development
4、Multinational Enterprise (MNE) is a firm that owns business operations in _________________.
A、more than one country
B、less than two countries
C、domestic market
D、regional markets
5、International Business refers to any firm that engages in international _________________.
A、trade or investment
B、sales
C、mergers & acquisitions
D、product development
6、Globalization has several facets, including _____________________.
A、the globalization of markets
B、the globalization of production
C、the globalization of manufacturing
D、the globalization of marketing
7、Over the past half century, a number of important global institutions have been created to help manage, regulate, and policed the global marketplace, including _________________.
A、GATT
B、WTO
C、IMF
D、UN
8、The macro factors which underlie the trend toward greater globalization are _________________.
A、declining trade and investment barriers
B、technological change
C、government policies
D、development of private business
9、The technological change to push the development of globalization lies in _________________.
A、microprocessors and telecommunications
B、the Internet and World Wide Web
C、transportation technology
D、new materials
10、The globalization debate lies in the following aspects: _________________.
A、jobs and income
B、labor policies and the environment
C、national sovereignty
D、the world’s poor
11、In many global markets, the same firms frequently try to avoid confronting each other as competitors in nation after nation
12、The World Trade Organization is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by WTO members
13、The United Nations was established October 24, 1990, by 51 countries committed to preserving peace through international cooperation and collective security
14、In terms of travel time, New York is now “farer” to Shanghai than it was to Philadelphia in the Colonial days.
15、In addition to the globalization of production, technological innovations have also facilitated the globalization of markets.
16、_____________ occurs when a firm exports goods or services to consumers in another country.
17、The ________ was established to maintain order in the international monetary system.
18、The ________ was set up to promote economic development.
19、_____________occurs when a firm invests resources in business activities outside its home country.
20、_____________ illustrates that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.
1 Globalization
1、“The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement.
2. Country Differences
2. Country Differences
1、Political system is the system of ___________ in any nation.
A、government
B、politics
C、law
D、economy
2、Collectivism is a political system that stresses the primacy of _________________ goals over _________________ goals.
A、collective, individual
B、positive, negative
C、positive, individual
D、negative, collective
3、Market economy is an economic system in which the interaction of _____________ determines the quantity in which goods and services are produced.
A、supply and demand
B、goods and services
C、market and government
D、economy and law
4、Civil law system is a system of law based on a detailed set of _________________.
A、written laws and codes
B、written tradition
C、written precedent
D、written custom
5、Intellectual property is the property of _________________.
A、intellectual activity
B、intellectual creation
C、intellectual involvement
D、intellectual development
6、Ethical system is a set of moral principles, or values, that are used to guide and shape _________________.
A、organization
B、society
C、belief
D、behavior
7、Political economy refers to the interdependent combination of a country’s _____________________ systems.
A、political
B、economic
C、legal
D、cultural
8、Common law is a system of law based on _________________.
A、tradition
B、precedent
C、custom
D、value
9、Copyrights are exclusive legal rights of _________________ to publish and dispose of their work as they see fit.
A、authors
B、composers
C、artists
D、publishers
10、Product liability involves holding a firm and its officers responsible when a product causes _________________ to its users.
A、injury
B、death
C、damage
D、anger
11、Innovation refers to development of new _________________.
A、products
B、processes
C、organizations
D、strategies
12、Religion is a system of shared _________________ that are concerned with the realm of the sacred.
A、beliefs
B、rituals
C、positions
D、value
13、Entrepreneurs refers to those who first commercialize innovations.
14、Patents are designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products.
15、Trademark is a legal device that grants the inventor of a new product or process exclusive rights for a defined period to the manufacture, use, or sale of that invention.
16、Deregulation is the process of removing legal restrictions to the free play of markets, the establishment of state owned enterprises, and the manner in which state owned enterprises operate.
17、Legal risk is the likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights.
18、Caste system is an open system of stratification in which social position is not determined by the family into which a person is born, and change out of that strata is usually possible during a person’s life.
19、The ________ is an adjustment in gross domestic product per capita to reflect differences in the lost of living.
20、_______ are advantages accruing to the first to enter a market.
21、Late-mover advantages are handicaps experienced by being a _____________ to a market.
22、____________ is the basic social organization of a society.
23、Social Strata refers to the _____________ categories within a society, defined on the basis of such elements as family background, income, and occupation.
24、Social mobility is the extent to which _____________ can move out of the strata into which they are born.
3. The Global Trade and Investment Environment
3. The Global Trade and Investment Environment
1、Free trade is the absence of barriers to the free flow of ___________ between countries.
A、capital
B、persons
C、goods and services
D、production factors
2、Mercantilism is an economic philosophy advocating that countries should simultaneously _________________ exports and _________________ imports.
A、encourage, encourage
B、encourage, discourage
C、discourage, encourage
D、discourage, discourage
3、Zero-sum game is a situation in which an economic _____________ by one country results in an economic _____________ by another.
A、gain, loss
B、loss, loss
C、gain, gain
D、win, win
4、Economies of scale refer to cost advantages associated with _________________ production.
A、mid-scale
B、small-scale
C、large-scale
D、long-term
5、First-mover advantages refer to advantages accruing to the first to _________________ a market.
A、enter
B、exit
C、monopoly
D、dominate
6、Balance-of-payments accounts are national accounts that track both _________________ and _________________ foreigners.
A、surplus to, deficit from
B、receipts to, payments from
C、deficit to, surplus from
D、payments to, receipts from
7、Current account records transactions involving the export or import of _________________.
A、goods
B、goods and services
C、capital
D、services
8、Current account deficit occurs when a country _________________ more goods, services, and income than it _________________.
A、imports, exports
B、exports, imports
C、consumes, creates
D、creates, consumes
9、Capital account records _________________ in the stock of assets.
A、constant
B、long-term
C、short-term
D、one-time
10、Financial account records _________________ that involve the purchase or sale of assets.
A、changes
B、rises
C、transactions
D、reductions
11、A _________________ is a tax levied on imports or exports.
A、tariff
B、taxation
C、custom
D、duty
12、Specific tariff refers to a tariff levied as a _________________ charge for each unit of good imported.
A、permanent
B、variable
C、flexible
D、fixed
13、Ad valorem tariff refers to a tariff levied as a _________________ of the value of an imported good.
A、proportion
B、reduction
C、exemption
D、revaluation
14、Subsidy is a payment made by the government to producers of a good or service, which is intended to _________________ their costs.
A、change
B、raise
C、lower
D、balance
15、Import quota a direct restriction on the _________________ of a good that can be imported into a country.
A、balance
B、quality
C、demand
D、quantity
16、Local content requirement is a requirement that some specific fraction of a good be produced _________________.
A、internationally
B、transnationally
C、globally
D、domestically
17、Antidumping policies are designed to punish _________________ firms that engage in dumping and thus protect domestic producers from unfair foreign competition.
A、domestic
B、foreign
C、global
D、international
18、Infant industry argument advocates that new industries in developing countries must be _________________ protected from international competition to help them reach a position where they can compete on world markets with the firms of developed nations.
A、completely
B、partially
C、temporarily
D、permanently
19、Greenfield investment is to establish a _________________ in a foreign country.
A、new office
B、existent business
C、new branch
D、new operation
20、Oligopoly is an industry composed of a _________________ number of large firms.
A、limited
B、large
C、reasonable
D、big
21、Trade creation refers to trade created due to _________________, occurs when high-cost domestic producers are replaced by low-cost foreign producers in a free trade area.
A、globalization of markets
B、globalization of production
C、regional economic integration
D、foreign direct investment
22、Trade diversion refers to trade diverted due to _________________, occurs when low-cost foreign suppliers outside a free trade area are replaced by high-cost foreign suppliers in a free trade area.
A、globalization of markets
B、globalization of production
C、regional economic integration
D、foreign direct investment
23、Factor endowments refer to a country’s endowments with resources such as _________________.
A、location
B、land
C、labor
D、capital
24、Regional economic integration refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of _________________ between each other.
A、goods
B、services
C、factors of production
D、resources