Chapter 4 Quiz Answers PDF

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Quiz 4 questions and correct answers for Dr. Irby....

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CHAPTER 4 QUIZ 1. ________ is prevented by quotas. a. DUMPING 2. Which of the following is an example of licensing? a. WHEN A COMPANY ALLOWS A FOREIGN COMPANY TO PAY IT A FEE TO MAKE OR DISTRIBUTE THE FIRST COMPANY'S PRODUCT OR SERVICE. 3. _______ is a trading bloc consisting of 28 trading partners in Europe. a. THE EUROPEAN UNION 4. ______ is the group of 21 Pacific Rim countries whose purpose is to improve economic & political ties, & to reduce tariffs & other trade barriers across the region. a. APEC 5. Ethnocentric managers believe that their native country, culture, language, & behavior a. ARE SUPERIOR TO ALL OTHERS. 6. Great systems of _____ are the hallmark of great civilizations. a. COMMUNICATIONS 7. Globalization is the trend a. OF THE WORLD ECONOMY TOWARD BECOMING A MORE INTERDEPENDENT SYSTEM. 8. Which of the following statements is FALSE? a. THE UNITED STATES WAS THE WORLD'S LARGEST ECONOMY IN 2014. 9. Countertrading is ___ goods for goods. a. BARTERING 10. When communicating across cultures, the best strategy regarding language use is to a. LEARN THE LOCAL LANGUAGE...