D270 MIDTERM EXAM PERFECTLY
SOLVED 2024
When Disneyland opened a park in Tokyo, Disney did not own the park, but made an
agreement with a real estate company in Japan who would own it. The japanese
company built the park, manages the park and gives Disney a percentage (or royalty) of
the admission prices that consumers pay to enter Disneyland Tokyo. Which mode (or
method) of Entry is Disney using in Japan?
a. Exporting
b. Equity Investment
c. Foreign Direct Investment
d. Joint Venture
e. Licensing -Answer- e
Modern legal systems have these components:
a. Constitutional Law, Criminal Law, civil law
b. Constitutional law, criminal law, civil law, commercial law
c. Constitutional law, criminal law, commercial law
d. Constitutional law, criminal law, common law, commercial law
e. Constitutional law, criminal law, common law -Answer- b
You are hired by a small company that makes shoes and your boss tells you the
company is thinking about selling their products in foreign countries for the first time. He
asks you if doing International business is more complex than domestic business. You
say "yes" and he asks you "why"? You would tell him_______.
a. Most countries have laws that stop products from other countries being sold in their
country
b. The differences in cultures between countries makes it more difficult to sell products
in foreign countries.
,c. It is hard because people around the world generally do not like to buy products
made in foreign countries
d. Outsourcing and offshoring by domestic companies create more competitors in a
foreign country -Answer- b
Jerry is the vice president of manufacturing for ford. He had been asked to open the first
manufacturing plant in brazil. He was told that the country has a 20% content law and
asks you what "content law" means. You tell him...
a. At least 20% of all workers in the ford manufacturing plant must be brazilian citizens
b. All ford cars manufactured in brazil must contain at least 20% parts made in brazil
c. At least 20% of all ford car manufactured in brazil must be sold in brazil
d. At least 20% of the ownership of the ford factory must be either brazilian citizens or
brazilian company -Answer- b
You are working as a manager for Toyota, a Japanese company. You are told by your
boss that the company is thinking about doing business in a South American country
that has a high degree of collectivism. He asks you how involved you believe the
government is in the business activities of companies based in that country. What is the
correct answer to tell your boss from the answers below?
a. Collectivist countries practice laissez-faire business and allow foreign companies to
easily enter the country because it helps all their citizens
b. Collectivist countries will usually be very involved in business activities
c. Those types of countries will usually not be very involved in business activities
d. These countries usually do not permit business from other countries to enter their
country
e. Collectivist countries are the easiest for foreign business to enter -Answer- b
A fundamental thesis holds that productive business activity requires fair, just and
transparent laws that do which of the following? I. Set and sustain property rights II.
Minimize the costs and complications of resolving disputes III. Provide additional
protections for foreign business IV. Specify rules that reduce the riskiness of business
transactions V. Organize rules to protect contractual partners against abuse
a. I,II,IV, and V, but not III
b. I,II,III and V, but not IV
, c. II,III,VI and V, but not I
d. I, III, IV, but not II and V
e. I,II and IV, but not III and V -Answer- a
The case at the beginning of chapter 2 discusses an example of cultural differences
between saudis and british people. Based on the case and the chapter, we can say that
this is an example of
a. Cultural collision
b. Cultural diffusion
c. British people come from a relationship-focused culture and the saudis came from a
deal-focused culture
d. High-context cultures
e. Cultural imbalance -Answer- a
In the majority of countries, most of the citizens share the essential attributes of ____
and ___.
a. Lifestyles; education level
b. Values; language
c. Education level; ethnicity
d. Work attitudes; occupations -Answer- b
A classmate says that she heard that Canada is a pluralistic society, but doesnt know
what that means. How would you explain what a pluralistic society is?
a. Two dominant political parties rule local and federal governments, like the united
states
b. A country where different segments of the society have different ideologies
c. None of the answers are correct
d. Many different segments in the country all have the saem political philosophy
e. People are either conservative or liberal in their political ideologies -Answer- b
SOLVED 2024
When Disneyland opened a park in Tokyo, Disney did not own the park, but made an
agreement with a real estate company in Japan who would own it. The japanese
company built the park, manages the park and gives Disney a percentage (or royalty) of
the admission prices that consumers pay to enter Disneyland Tokyo. Which mode (or
method) of Entry is Disney using in Japan?
a. Exporting
b. Equity Investment
c. Foreign Direct Investment
d. Joint Venture
e. Licensing -Answer- e
Modern legal systems have these components:
a. Constitutional Law, Criminal Law, civil law
b. Constitutional law, criminal law, civil law, commercial law
c. Constitutional law, criminal law, commercial law
d. Constitutional law, criminal law, common law, commercial law
e. Constitutional law, criminal law, common law -Answer- b
You are hired by a small company that makes shoes and your boss tells you the
company is thinking about selling their products in foreign countries for the first time. He
asks you if doing International business is more complex than domestic business. You
say "yes" and he asks you "why"? You would tell him_______.
a. Most countries have laws that stop products from other countries being sold in their
country
b. The differences in cultures between countries makes it more difficult to sell products
in foreign countries.
,c. It is hard because people around the world generally do not like to buy products
made in foreign countries
d. Outsourcing and offshoring by domestic companies create more competitors in a
foreign country -Answer- b
Jerry is the vice president of manufacturing for ford. He had been asked to open the first
manufacturing plant in brazil. He was told that the country has a 20% content law and
asks you what "content law" means. You tell him...
a. At least 20% of all workers in the ford manufacturing plant must be brazilian citizens
b. All ford cars manufactured in brazil must contain at least 20% parts made in brazil
c. At least 20% of all ford car manufactured in brazil must be sold in brazil
d. At least 20% of the ownership of the ford factory must be either brazilian citizens or
brazilian company -Answer- b
You are working as a manager for Toyota, a Japanese company. You are told by your
boss that the company is thinking about doing business in a South American country
that has a high degree of collectivism. He asks you how involved you believe the
government is in the business activities of companies based in that country. What is the
correct answer to tell your boss from the answers below?
a. Collectivist countries practice laissez-faire business and allow foreign companies to
easily enter the country because it helps all their citizens
b. Collectivist countries will usually be very involved in business activities
c. Those types of countries will usually not be very involved in business activities
d. These countries usually do not permit business from other countries to enter their
country
e. Collectivist countries are the easiest for foreign business to enter -Answer- b
A fundamental thesis holds that productive business activity requires fair, just and
transparent laws that do which of the following? I. Set and sustain property rights II.
Minimize the costs and complications of resolving disputes III. Provide additional
protections for foreign business IV. Specify rules that reduce the riskiness of business
transactions V. Organize rules to protect contractual partners against abuse
a. I,II,IV, and V, but not III
b. I,II,III and V, but not IV
, c. II,III,VI and V, but not I
d. I, III, IV, but not II and V
e. I,II and IV, but not III and V -Answer- a
The case at the beginning of chapter 2 discusses an example of cultural differences
between saudis and british people. Based on the case and the chapter, we can say that
this is an example of
a. Cultural collision
b. Cultural diffusion
c. British people come from a relationship-focused culture and the saudis came from a
deal-focused culture
d. High-context cultures
e. Cultural imbalance -Answer- a
In the majority of countries, most of the citizens share the essential attributes of ____
and ___.
a. Lifestyles; education level
b. Values; language
c. Education level; ethnicity
d. Work attitudes; occupations -Answer- b
A classmate says that she heard that Canada is a pluralistic society, but doesnt know
what that means. How would you explain what a pluralistic society is?
a. Two dominant political parties rule local and federal governments, like the united
states
b. A country where different segments of the society have different ideologies
c. None of the answers are correct
d. Many different segments in the country all have the saem political philosophy
e. People are either conservative or liberal in their political ideologies -Answer- b
