Prepare for your exams
Get points
Guidelines and tips

Prepare for your exams

Study with the several resources on Docsity

Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips

Sell on Docsity

Log in Sign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources

Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents

20 Points

For each uploaded document

Answer questions

5 Points

For each given answer (max 1 per day)

All the ways to get free points

Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study

Go to the blog

Globalization and International Trade, Study Guides, Projects, Research of Mathematical finance

Greenwich Vietnam Mathematical finance

An overview of key concepts related to globalization and international trade, including the rise of nationalism, the regulation of exchange rates, the role of international organizations like the wto, the impact of globalization on labor markets, and the characteristics of emerging markets. It covers topics such as cultural diffusion, social stratification, economic indicators like gdp and hdi, and various forms of countertrade. How globalization has transformed the global business landscape, with the increasing prominence of multinational corporations, firms from emerging markets, and 'born global' companies. It delves into the strategic factors that influence a company's international entry mode selection, as well as the advantages and challenges associated with different export and countertrade strategies. Overall, this document offers a comprehensive understanding of the complex dynamics shaping the global economy and international business environment.

Typology: Study Guides, Projects, Research

2022/2023

Uploaded on 06/11/2024

jully-ha 🇻🇳

3 documents

1 / 26

This page cannot be seen from the preview

Don't miss anything!

PART 1: Multiple Choice Questions (3 điểm)

Main focus: Charpter 1, 2, 4, 8, 9, 13

Chapter 1:

1. Any commerciall transaction that crosses the borders of two or more nations is known

as________

A. Domestic marketing

B. Market segmentation

C. International business

D. Global manufacturing

2. Good and services purchased abroad and bought into a county are called _____

A. Gross domestic products (GDP)

B. Exports

C. Gross national products (GNP)

D. Imports

3. ________ are all goods and services sold abroad and sent out of a country.

A. Net national products

B. Exports

C. Gross domestic products (GDP)

D. Imports

4. ________ is the trend toward greater economic, cultural, political, and technological

interdependence among national institutions and economies.

A. Privitization

B. Heterogenization

C. Globalization

D. Decentralization

5. A born global firm is a company that engages in international business from or near its

inception.

A. True

B. False

6. Two major forces that underlie the expansion of globalization are falling barriers to trade

and investment, and ________.

A. Elevation of nationalism

B. Rise of closed economies

C. Political stagnation

D. Technological innovation

7. The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________.

A. Create an international currency

B. Regulate exchange rates

C. Create regional trade organizations

D. Promote free trade

8. The three main goals of the World Trade Organization (WTO) are to help the free flow of

trade, help negotiate the further opening of markets, and ________.

Partial preview of the text

Download Globalization and International Trade and more Study Guides, Projects, Research Mathematical finance in PDF only on Docsity!

PART 1: Multiple Choice Questions (3 điểm) Main focus: Charpter 1, 2, 4, 8, 9, 13 Chapter 1:

Any commerciall transaction that crosses the borders of two or more nations is known as________ A. Domestic marketing B. Market segmentation C. International business D. Global manufacturing
Good and services purchased abroad and bought into a county are called _____ A. Gross domestic products (GDP) B. Exports C. Gross national products (GNP) D. Imports
________ are all goods and services sold abroad and sent out of a country. A. Net national products B. Exports C. Gross domestic products (GDP) D. Imports
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. A. Privitization B. Heterogenization C. Globalization D. Decentralization
A born global firm is a company that engages in international business from or near its inception. A. True B. False
Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________. A. Elevation of nationalism B. Rise of closed economies C. Political stagnation D. Technological innovation
The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________. A. Create an international currency B. Regulate exchange rates C. Create regional trade organizations D. Promote free trade
The three main goals of the World Trade Organization (WTO) are to help the free flow of trade, help negotiate the further opening of markets, and ________.

A. Measure the extent of globalization across the world B. Settle trade disputes between its members C. Accelerate technological innovation D. Fund small traders in developing nations

The ________ is an agency created to provide financing for national economic development efforts. A. Global Financial Markets Association B. World Trade Organization (WTO) C. Financial Stability Board D. World Bank
Which of the following was created to regulate fixed exchange rates an enforce the rules of the International monetary system? A. International Monetary Fund B. World Trade Organization C. European Union D. World Bank
Opponents argue that globalization ________. A. Eliminates manufacturing jobs in developed nations B. Generates labor market flexibility in developed nations C. Brings an end to practices like outsourcing D. Slows down the employment rate in developing nations
Globalization is criticized because it ________. A. Does not generate labor market flexibility in developing nations B. Prevents developed countries from outsourcing work to developing nations C. Creates fewer manufacturing jobs in developing nations D. Exploits workers in low-wage nations
Supporters affirm that globalization ________. A. Brings an end to practices like outsourcing B. Causes worker dislocation that gradually lowers wages D. Curbs market flexibility in developed nations
“Emerging markets” is a term that refers to an economy that experiences considerable economic growth and possesses some, but not all, characteristics of a developed economy. Emerging markets are countries that are transitioning from the “developing” phase to the “developed” phase. A. True B. False 15. Key players in international markets business are?

Large companies from the wealthiest nations
Firms from emerging markets (BRICS)
Small and medium-sized companies
Multinational corporation (MNC)
Born global firms

D. Values

Which of the following statements is true of attitudes? A. Over the years, they become more rigid than values. B. They are learned from role models. C. Because they're formed within a cultural context, they mirror the attitudes of surrounding countries. D. They are developed only for the most important aspects of life.
A(n) ________ is anything that represents a culture's way of life, including gestures, material objects, traditions, and concepts. A. Social structure B. Social status C. Cultural baggage D. Cultural trait
________ is increasing the pace of both cultural diffusion and cultural change. A. Collectivism B. Enculturation C. Fundamentalism D. Globalization
Which of the following refers to the process by which cultural traits spread from one culture to another? A. Cultural heterogeneity B. Cultural imperialism C. Cultural diffusion D. Cultural literacy
Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations? A. Customs B. Attitudes C. Prejudices D. Aesthetics
________ refers to the replacement of one culture's traditions, folk heroes, and artifacts with equivalents from another. A. Cultural imperialism B. Social stratification C. Cultural encoding D. Social conditioning
Which of the following terms is used to refer to the process of ranking people into social layers or classes? A. Social transformation B. Social stratification C. Social loafing D. Social mobility

________ refers to the ease with which individuals can move up or down a culture's social ladder. A. Social standing B. Social mobility C. Social inertia D. Social loafing
A caste system is a system of social stratification in which ________. A. a person's social status is decided by his acquired wealth. B. a person's position in society depends upon his educational qualifications and achievements. C. people are born into a social ranking, with no opportunity for social mobility. D. people join highly exclusive associations that encourage external interaction
A class system is a system of social stratification in which ________. A. people are divided into various political groups and subgroups. B. a person's social rank depends upon his/her parentage. C. people join highly exclusive associations that forbid external interaction. D. personal ability and actions determine an individual's social status and mobility.
According to Hofstede's framework, organizations that have cultures that score high on ________ tend to be more hierarchical, with power deriving from prestige, force, and inheritance. A. Uncertainty avoidance B. Power distance C. Short-term orientation D. Femininity
Peter comes from a culture that emphasizes hard work and promotes the entrepreneurial spirit within individuals. While he and his coworkers are encouraged to achieve their personal goals, they are also held responsible for their actions. According to Hofstede's framework, which of the following dimensions does this culture illustrate? A. Collectivism B. Individualism C. High power distance D. High uncertainty avoidance
Provide a real-life example of ethnocentricity: Hittle Chapter 4:
Which of the following terms refers to the broadest measure of economic development of a country? A. Gross domestic product (GDP) B. Purchasing power parity (PPP) C. Gross national product (GNP) D. Human development index (HDI)
________ is the value of all goods and services produced by the domestic economy over a one-year period. A. Gross domestic product (GDP)

A. The purchasing power parity is a poor indicator of a people's total well-being. B. GDP is a larger figure and includes a nation's income generated from exports, imports, and international operations. C. Illegal activities such as gambling and black market transactions are considered in GDP and GNP. D. Using gross product figures to compare production across countries accounts for different cost of living in each country.

Which of the following statements is true of national production? A. Marketers use GDP or GNP figures to determine whether a country's population is wealthy enough to purchase its products. B. Per capita numbers provide a detailed picture of development of the entire country. C. Gross product figures accurately indicate whether a nation's economy is growing or shrinking. D. Volunteer work and unpaid household work are considered in GDP and GNP
Nations having the poorest infrastructures and lowest personal incomes are called ________. A. Developed countríe B. Newly industrialized countries C. Emerging markets D. Developing countries
A country that has recently increased the portion of its national production and exports derived from industrial operations is called a(n) ________. A. Newly industrialized country (NIC) B. Developing country C. Emerging market D. Developed country
True or false: Both GDP and GNP measure a nation's income per person A. True B. False
The human development index (HDI) demonstrates that high national income alone guarantees human progress. A. True B. False
The concept of purchasing power parity (PPP) must be applied to understand the true value of a currency in its home country. A. True B. False

Chapter 8:

The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international flow of products, people, or capital is called ________. A) regional economic integration B) protectionism C) mercantilism D) economic nationalism
Regional economic integration is also referred to as ________. A) mercantilism B) nationalism C) protectionism D) regionalism
A group of nations in a geographic area undergoing economic integration is called a ________. A) born global firm B) maquiladora C) regional trading bloc D) Eurocurrency market
Which of the following is an important goal of regional economic integration? A) to increase the selling prices of products B) to raise the living standards of people C) to limit the choice of products available to customers D) to establish a socialist government
The common currency of the European Union is known as the ________. A) European currency unit B) eurodollar C) euro D) European unit of account
As of July 1, 2020, NAFTA has been replaced by ______ A) United States-Mexico-Canada Agreement (USMCA) B) United States-Mexico-Chile Agreement (USMCA) C) Economic Community of West African States (ECOWAS) D) Asia-Pacific Economic Cooperation (APEC)
Economic integration whereby countries remove all barriers to trade among themselves, but each country determines its own barriers against nonmembers, is called a(n) ________. A) economic union B) customs union C) common market D) free trade area
In 1951, Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands signed the Treaty of Paris and created the ________.

Chapter 9:

Company debt normally takes the form of ________. A) bonds B) equity C) stocks D) bank loans
A loan in which the borrower promises to repay the borrowed amount plus a predetermined rate of interest is called a(n) ________. A) equity B) exchange rate C) stock D) debt
Which of the following is a debt instrument that specifies the timing of principal and interest payments? A) stock B) bond C) share D) equity
________ refers to shares of ownership in a company's assets that give shareholders a claim on the company's future cash flows. A) Stock B) A bond C) Debt D) A draft
The ease with which bondholders and shareholders may convert their investments into cash is called ________. A) barter B) clearing C) countertrade D) liquidity
An expanded money supply ________. A) reduces the cost of borrowing B) increases interest rates C) makes it difficult for financial institutions to lend money D) diminishes entrepreneurial initiatives in a country
Which of the following is a major purpose of the international capital market?

A) to reduce entrepreneurial initiatives B) to increase the cost of borrowing C) to reduce risk for lenders D) to reduce the money supply for borrowers

One of the major forces responsible for the rapid growth rate of the international capital market is ________. A) economic nationalism B) information technology C) currency control D) extensive regulation
The unbundling and repackaging of hard-to-trade financial assets into more liquid, negotiable, and marketable financial instruments is called ________. A) currency hedging B) commercialization C) currency arbitrage D) securitization
The international bond market consists of all bonds sold by issuing companies, governments, or other organizations ________. A) within their own countries B) outside their own countries C) within developing nations D) within developed nations
Eurobonds are popular because ________. A) they are less risky than traditional bonds B) they are always denominated in euros C ) governments of nations in which they are sold do not regulate them D) European companies are considered very stable
The absence of government regulation in the Eurobond market ________. A) substantially reduces the cost of issuing a bond B) lowers the risk level of the bond C) makes Eurobonds less popular than foreign bonds D) exists because of the difficulty of regulating a multi-country market
Bonds sold outside the borrower's country and denominated in the currency of the country in which they are sold are called ________. A) municipal bonds B) foreign bonds C) Eurobonds

market? A) advent of cybermarkets B) spread of countertrade C) centrally planned economies D) government partnerships 21 ) Which of the following terms refers to a stock market with no central geographic location? A) cybermarket B) foreign exchange market C) capital market D) international bond market 22 ) British pounds of a British trading company that are deposited in a U.S. bank are called ________. A) Eurodollars B) U.S. dollars C) Europounds D) Pounds 2 3) A currency used as an intermediary to convert funds between two other currencies in the foreign exchange market is called a ________. A) local currency B) vehicle currency C) community currency D) private currency 24 ) ________ dominates the foreign exchange market. A) London B) New York C) Tokyo D) Beijing 25 ) The market in which currencies are bought and sold and their prices determined is called the ________. A) Eurocurrency market B) international capital market C) international bond market D) foreign exchange market 26 ) The ________ is the currency that dominates the foreign exchange market. A) Japanese yen

B) British pound C) U.S. dollar D) Australian dollar 27 ) The world's largest banks exchange currencies at spot and forward rates in the ________. A) International Finance Corporation B) Eurocurrency market C) interbank market D) World Bank 28 ) Banks in the interbank market ________. A) provide long-term loans to small-sized and medium-sized companies B) provide long-term loans to large companies C) offer advice on trading strategies D) exchange currencies exclusively at spot rates 29 ) A(n) ________ is a system that allocates financial resources in the form of debt and equity according to their most efficient uses. A) international equity market B) forward market C) capital market D) eurocurrency market 30 ) ________ refers to the most commonly quoted interest rate that London banks charge other large banks that borrow Eurocurrency. A ) London Interbank Offer Rate (LIBOR) B) London Interbank Bid Rate (LIBID) C) Spot rate D) Cross rate 31 ) The rate at which one currency is interchanged for another is called the ________. A) exchange rate B) interbank interest rate C) official cash rate D) prime rate 32 ) The bid-ask spread in the foreign exchange market is the ________. A) price at which a bank will buy a currency B) price of currency in the foreign exchange market C) difference between the bid and ask quotes for a currency D) the time lapsed between a bid quote and an ask quote

39 ) ________ in the foreign exchange market specialize in currency futures and options transactions. A) Securities exchanges B) Eurocurrency markets C) Interbank markets D) Over-the-counter markets 40 ) ________ is a decentralized exchange encompassing a global computer network of foreign exchange traders and other market participants. A) Securities exchanges B) Eurocurrency market C) Interbank market D) Over-the-counter market Chapter 13:

Which of the following is the most common method of buying and selling goods internationally? A) exporting and importing B) countertrade C) a turnkey project D) A merger or an acquisition
Which of the following steps of the strategy development process for exports involves performing market research and interpreting results obtained from the research? A) identification of a potential market B) match needs of the market to the company's abilities C) initiation of meetings D) commitment of resources
Which of the following steps of the strategy development process for exports involves establishing relationships with potential local distributors? A) identification of a potential market B) match market needs to the company's abilities C) initiation of meetings D) commitment of resources
Which of the following is the first step in developing a successful export strategy? A) identification of a potential market B) match market needs to the company's abilities C) initiation of meetings D) commitment of resources

Which of the following is true of distributors? A) The use of distributors increases the exporter's control over the price buyers are charged. B) They are compensated with a fixed salary plus commissions based on the value of their sales. C) They are seldom required to take ownership of the merchandise when it enters their country. D) They can stunt the growth of the exporter's market share by charging very high prices.
Which of the following occurs when a company sells its products to intermediaries who then resell to buyers in a target market? A) indirect exporting B) counterpurchase C) an acquisition D) a joint venture
Which of the following allows a country to earn back some of the currency it pays out for imports? A) switch trading B) counterpurchase C) buyback D) barter
Which of the following is the oldest known form of countertrade? A) counterpurchase B) switch trading C) offset D) barter
The sale of goods and services to a country by a company that promises to buy a specific product from that country in the future is called a(n) ________. A) counterpurchase B) offset C) joint venture D) barter
A company proposes that in exchange for a hard-currency sale, it will make a hard- currency purchase of an unspecified product from the buyer nation in the future. Which of the following is the company proposing? A) a counterpurchase B) an offset

A) market consumption capacity B) market receptivity C) market size D) market intensity

Which of the following statements is true of the strategic factors that influence a company's international entry mode selection? A) Low tariffs and high quota limits encourage market entry by means of investment. B) Companies that produce goods with high shipping costs prefer exporting. C) Companies set up production units in a host market if the total cost of production is lower in the home market. D) Markets that are likely to remain relatively small consider exporting as a viable option.
The most common method used for buying and selling goods internationally is licensing. Answer: FALSE
Most large companies use exporting as a means of expanding total sales when the domestic market has become saturated. Answer: TRUE
Companies can achieve economies of scale by expanding into international markets. Answer: TRUE
Direct exporters always sell directly to end users. Answer: FALSE
Typically, indirect exporting relies on local sales representatives or distributors. Answer: FALSE
Using a distributor increases an exporter's risk. Answer: FALSE
Agency relationships are popular among exporters because they are easy to terminate should difficulties arise. Answer: FALSE
Countertrade provides a way for firms to trade either by using a small amount of hard currency or even none at all. Answer: TRUE

Countertrade is not an option for smaller companies because of the cash outlays involved. Answer: FALSE
Switch trading is the export of industrial equipment in return for products produced by that equipment. Answer: FALSE
A confirmed letter of credit is guaranteed by both the exporter's bank in the country of export and the importer's bank in the country of import. Answer: TRUE
Letters of credit are popular among traders because banks assume most of the risks. Answer: TRUE
The brand name or trademark of a company is normally the single most important item desired by a franchisee. Answer: TRUE
Which of the following occurs when a company sells its products to buyers in a target market without going through intermediary companies? A) export through local distributors B) export through agents C) sale through export management companies D) sale through export trading companies
Companies involved in direct exporting typically rely on ________. A) distributors B) agents C) export management companies D) export trading companies
A(n) ________ exports products on behalf of an indirect exporter. A) local distributor B) subsidiary C) sales representative D) export management company
Which of the following is a method of export/import financing? A) offset

Globalization and International Trade, Study Guides, Projects, Research of Mathematical finance

Related documents

Partial preview of the text

Download Globalization and International Trade and more Study Guides, Projects, Research Mathematical finance in PDF only on Docsity!