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MAN 6607 FINAL EXAM MC QUESTIONS
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MAN 6607 FINAL EXAM MC QUESTIONS
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MAN 6607 FINAL EXAM MC QUESTIONSThe term "emerging economies" has replaced the term _____.
(A) developed countries
(B) developing countries
(C) Triad markets
(D) first-world markets - Answers -(B) developing countries
The _____ is measured as the sum of value added by resident firms, households, and
governments operating in an economy.
(A) gross national product
(B) gross national income
(C) gross domestic product
(D) national reserve - Answers -(C) gross domestic product
A conversion that determines the equivalent amount of goods and services that different
currencies can buy is known as _____.
(A) purchasing power parity
(B) foreign exchange rate
(C) country's deficit
(D) gross domestic product - Answers -(A) purchasing power parity
The gross domestic product plus the income from non-resident sources abroad gives
the ____.
(A) gross national product
(B) per capita income
(C) purchasing power parity
(D) net national income - Answers -(A) gross national product
Without adjusting for PPP, emerging economies contribute about 30% of the global
GDP.
Adjusting for PPP, they now contribute approximately 50% of the global GDP. The
reason there is ahuge difference between the two measures is because
(A) the cost of living in emerging economies tends to be lower than that in developed
economies.
(B) the purchasing power parity is much higher in emerging countries.
(C) the population in emerging economies is much higher than that in developed
economies.
(D) the deficit spending in emerging economies is much larger than that in developed
economies. - Answers -(A) the cost of living in emerging economies tends to be lower
than that in developed economies.
Which of the following countries would be characterized as an emerging economy?(A)
Brazil
(B) USA
(C) Germany
,(D) Japan - Answers -(A) Brazil
Which of the following groups is primarily composed of emerging economies?
(A) The Triad
(B) BRIC
(C) Group of Eight (G8)
(D) NAFTA - Answers -(B) BRIC
Which of the following countries is included in BRIC?
(A) Belgium
(B) Russia
(C) Italy
(D) Canada - Answers -(B) Russia
More than 25% of global GDP comes from _____.
(A) the Four Asian Tigers (Hong-Kong, Singapore, South Korea, and Taiwan)
(B) MIKT (Mexico, Indonesia, South Korea, Turkey)
(C) the Commonwealth of Independent States
(D) BRICS countries - Answers -(D) BRICS countries
People who live in the Triad countries comprise the _____ of the global economic
pyramid.
(A) top tier
(B) second tier
(C) base
(D) outlier - Answers -(A) top tier
Viewing the global economy as a pyramid, the Triad refers to _____.
(A) Taiwan, Hong Kong, and South Korea
(B) US, the EU, and China
(C) Brazil, India, and China
(D) North America, Western Europe, and Japan - Answers -(D) North America, Western
Europe, and Japan
Which of the following countries is represented in the Triad of the global economic
pyramid?
(A) India
(B) China
(C) Japan
(D) Russia - Answers -(C) Japan
Which of the following tiers in the global economic pyramid would comprise developed
nations?
(A) The base
(B) The top tier
(C) The second tier
,(D) The third tier - Answers -(B) The top tier
People who earn _____ a year comprise the base of the global economic pyramid.
(A) between $2,000 to $20,000
(B) less than $2,000
(C) between $20,000 to $40,000
(D) more than $40,000 - Answers -(B) less than $2,000
Which of the following is true of economies in the base of the global economic pyramid?
(A) They are composed of developed economies.
(B) They are composed of people from North America, Western Europe, and Japan.
(C) They are largely ignored by MNEs.
(D) They attract the largest FDI from MNEs. - Answers -(C) They are largely ignored by
MNEs.
A _____ is defined as an innovation that is adopted first in emerging economies and
then diffused around the world.
(A) reverse innovation
(B) reverse-engineered innovation
(C) top down innovation
(D) traditional innovation - Answers -(A) reverse innovation
Which of the following would be an example of a top down innovation?
(A) Lowering prices and features of existing products to meet emerging market needs
(B) Launching a product in and for emerging economies
(C) Adopting an innovation first in emerging economies and then diffusing it around the
world
(D) Introducing products from emerging markets into developed markets - Answers -(A)
Lowering prices and features of existing products to meet emerging market needs
Which of the following would be an example of a product undergoing reverse innovation
on the global economic pyramid?
(A) Triad nation to Triad nation
(B) Triad nation to second tier nation
(C) Second tier to base tier nation
(D) Base tier nation to Triad nation - Answers -(D) Base tier nation to Triad nation
Which of the following is true of the Group of 20 (G-20)?
(A) It only has 19 member countries.
(B) It doesn't represent any European nation.
(C) It meets annually to discuss environmental issues.
(D) It includes many regional blocs. - Answers -(A) It only has 19 member countries.
Expats often receive significant _____.
(A) international premiums
(B) government assistance
, (C) economic penalties
(D) decreases in income - Answers -(A) international premiums
Which of the following does the institution-based view of global business lay emphasis
on?
(A) Acquiring resources that belong to the host nation
(B) Consolidating the internal assets of a firm
(C) Focusing on the capabilities of the firm's headquarters
(D) Understanding the laws and values of the firm's host nation - Answers -(D)
Understanding the laws and values of the firm's host nation
The _____ view suggests that the success and failure of firms are largely determined by
their environments.
(A) institution-based
(B) stakeholder-based
(C) resource-based
(D) capability-based - Answers -(A) institution-based
The _____ view of global business focuses on external factors that affect a firm's
performance.
(A) resource-based
(B) asset-based
(C) capability-based
(D) institution-based - Answers -(D) institution-based
The resource-based view of global business differs from the institution-based view of
globalbusiness in that the resource-based view _____.
(A) postulates the ideology of localization
(B) supports the ideology of total globalization
(C) focuses on the internal strengths on the firm
(D) advocates adopting a single method for achieving globalization - Answers -(C)
focuses on the internal strengths on the firm
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment.
(A) resource-based
(B) industry-based
(C) socio-cultural
(D) institution-based - Answers -(A) resource-based
The liability of foreignness is the inherent disadvantage faced by _____.
(A) domestic firms against other domestic firms that have engaged in global business
(B) foreign firms in host nations due to their non-native status
(C) domestic firms from foreign firms setting up in their country
(D) foreign firms from their home country governments - Answers -(B) foreign firms in
host nations due to their non-native status
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