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GCU BIO 202 exam Study Guide with Questions & Correct Verified Answers
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GEB exam Questions Solved 100%|Latest Update 2024 |Already Passed
Many countries became less protectionist during the recent global economic recession. - ✔✔False
Protectionism refers to countries imposing tariffs, taxes, and regulations on firms outside the country to
favor their own companies and people. - ✔✔True
Investors are now looking closely at Africa in the wake of low interest rates and slow growth
elsewhere on the planet. - ✔✔True
In the three Nordic countries of Denmark, Sweden, and Finland about 70 percent of all employees are
in unions. - ✔✔True
Shifts in the nature and location of production systems, especially to China and India, are reducing the
response time to changing market conditions. - ✔✔True
The drive to improve the efficiency of global business operations is leading to lesser functional
specialization. - ✔✔False
Though China has more than 1.3 billion residents, the middle class segment that is able to buy goods
and services is rapidly shrinking. - ✔✔False
Labor markets have become steadily more international with more and more countries around
the world welcoming foreign investment and capital. - ✔✔True
A primary reason why most domestic firms are engaging in global operations is that growth in demand
for goods and services outside the USA is considerably higher than inside. - ✔✔True
,Foreign revenue as a percentage of total company revenues is approaching 20 percent for Colgate-
Palmolive. - ✔✔False
Joint ventures and partnerships between domestic and foreign firms are becoming the exception
rather than the rule. - ✔✔False
Exactly 70 percent of the world's population lives outside of the USA. - ✔✔False
The U.S. furniture manufacturing industry is not yet greatly challenged by foreign competitors. -
✔✔true
While there are a few U.S. industries that are not yet greatly challenged by foreign competitors, many
products and components within these industries too are now manufactured in foreign countries. -
✔✔True
The need to amortize massive R&D investments over many markets is a major reason why the aircraft
manufacturing industry became global. - ✔✔True
A global strategy means considering individual countries distinctly, one at a time, when designing,
producing, and marketing products. - ✔✔False
Since the 1980s, most countries including the USA have been steadily lowering their tax rates. -
✔✔False
In China, business relations revolve around guanxi, or personal relations. - ✔✔True
The understanding of Asian cultures is a strength U.S. firms have in competing with Pacific Rim firms. -
✔✔False
In China, one should eat heartily to demonstrate enjoyment of the food. - ✔✔True
,The smile is one form of communication that works the same worldwide. - ✔✔True
Time spent with the family and the quality of relationships are more important in some cultures than
the personal achievement and accomplishments espoused by the traditional U.S. manager. - ✔✔True
Punctuality is generally revered in all cultures of the world. - ✔✔False
In the United States, an amicable relationship is often mandatory before conducting business. -
✔✔False
In socialist countries such as France or Belgium, the only grounds for immediate dismissal from work is
a criminal offense. - ✔✔True
Europeans are especially motivated by pay-for-performance, commission salaries, and
objective measurement and reward systems. - ✔✔False
Mexican workers expect and desire a work environment in which self-expression and initiative
are encouraged. - ✔✔False
In Mexico, business associates usually entertain each other at their homes. - ✔✔False
An important business activity in Japan is entertaining because it strengthens Wa. - ✔✔True
The average level of union membership across the whole of the European Union, weighted by the
numbers employed in the different member states, is ________ percent compared to about
________ percent in the USA.
11; 23
15; 44
23; 11
51; 26
70; 30 - ✔✔C) 23; 11
, Mass communication and high technology have ________ in diverse cultures worldwide.
created similar patterns of consumption
resulted in highly individualized patterns of consumption
rendered patterns of consumption identical
had little to no effect on patterns of consumption
ignored patterns of consumption - ✔✔A) created similar patterns of consumption
In an industry that is, or is rapidly becoming global, the riskiest possible posture is to
become a global competitor.
remain a domestic competitor.
remain a global competitor.
expand beyond the role of domestic competitor.
none of the above - ✔✔B) remain a domestic competitor.
Organizations that conduct business operations across national borders are called
protectionists.
national firms.
multinational corporations.
domestic companies.
all of the above. - ✔✔C) multinational corporations.
The strategic-management process for multinational firms is ________ for purely domestic firms, and
the process is ________ for international firms.
conceptually the same as; more simple
conceptually the same as; more complex
conceptually different than; more simple
conceptually different than; more complex
conceptually the same; less important - ✔✔B) conceptually the same as; more complex
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