Week 1 Quiz: Key Concepts in International Business

Week 1 - Quiz Due Jan 7 at 11:59pm Points 10 Questions 10 Time Limit None Instructions Attempt History Attempt Time Score LATEST Attempt 1 8 minutes 10 out of 10 Score for this quiz: 10 out of 10 Submitted Jan 2 at 7:21am This attempt took 8 minutes. Week 1 Quiz [WLO: 3] [CLOs: 1, 2] Exam Instructions: Complete the quiz on the assigned readings for the week. The quiz contains 10 multiple-choice questions and is worth 4% of your course grade. Once you open this assessment, you must finish it in one sitting. Click on the Take the Quiz button when you are ready to start this exam. When finished, click on Submit Quiz .

1 / 1 pts Question 1 To determine whether the standard of living within a country is rising or falling, economists would most likely use which of the following measures? degree of human development purchasing power parity (PPP) GNI growth rate Correct! Correct! per capita GNI 1 / 1 pts Question 2 ________ teaches that "people have a responsibility to do what is right and to avoid doing what is wrong." Cultural relativism Ethics Correct! Correct! Implied normativism Moral relativism

1 / 1 pts Question 3 U.S. companies monopolize much of the international entertainment media, which largely portrays U.S. products and lifestyles as glamorous and appealing. This situation would most likely be used as an example of ________. cultural imperialism Correct! Correct! cultures becoming more fragmented the spread of high-context cultures the stronger work ethic typical of developed countries 1 / 1 pts Question 4 The World Bank reports that roughly ________ percent of the world's population is poor. 90 80 Correct! Correct! 75

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50 1 / 1 pts Question 5 Which of the following is a business objective for pursuing ethical behavior? impose home-country behavior in the host country avoid being perceived as socially irresponsible Correct! Correct! reduce profit margins replace home-country technology with host-country technology 1 / 1 pts Question 6 The piracy of intellectual property rights ________. usually benefits the property holder can both benefit and harm consumers Correct! Correct! is combated most zealously by lesser developed countries

involves losses that are not considered extensive in industrialized countries 1 / 1 pts Question 7 In Chapter One's opening case on the globalization of sports, we saw that many teams have foreign players. These players have moved abroad primarily because of ________ factors. offshoring international legal geographic economic Correct! Correct! 1 / 1 pts Question 8 According to the definition used in your text, a company with operations in more than one country is a(n) ________. born-global company international operator

joint venture partner multinational enterprise Correct! Correct! 1 / 1 pts Question 9 ________ is a general, sustained rise in prices measured against a standard level of purchasing power. Reflation Expansion Inflation Correct! Correct! Deflation 1 / 1 pts Question 10 In a strategy known as ________, many new companies locate themselves near competitors and suppliers. exporting

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clustering Correct! Correct! franchising offshoring Quiz Score: 10 out of 10

Week 1 - Quiz_ BUS357_ International Business (CCJ2401A)

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