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Exam 3: Doing Business in Global Markets

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Question 121

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An article published in the journal of "Modern Healthcare" reported that in 2007,the governments of the following nations held sizeable investments in U.S.companies,including U.S.healthcare providers) : These investments are called _____________ and some experts fear that the strategy behind these governments sinking large amounts of capital in U.S.companies may have ____________________.

A) Government Funded Businesses GFBs) ;terrorist implications
B) Government Bond Funds GBFs) ;aggressive growth implications
C) Trade Agreement Funds TAFs) ;strategic maneuvers to socialize medicine
D) Sovereign Wealth Funds SWFs) ;geopolitical objectives

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Question 122

Multiple Choice

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The only deposits of a rare and sought after mineral known as Yuksporite are found in Russi A.Since no other nation has deposits of Yuksporite,Russia has an) __________ in this mineral.

A) protected advantage
B) diversified benefit
C) absolute advantage
D) relative internal benefit

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Question 123

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Many U.S.companies fail to think globally.

In the past few decades,U.S.manufacturers shifted focus from manufacturing and assembling products,to the design and architecture of products.Now,a new shift: the offshore outsourcing of design and architecture is proving to be an even more serious disruption to the U.S.economy.

U.S.recording studios are feeling the pinch in profits due to the fact that artists' music is copied and sold overseas within 24 hours of the music selling in the U.S.market.As a student who is now aware of the challenges businesses face in global trade,which of the following statements is an accurate representation of this situation?

Under a system of floating exchange rates,changes in the value of the U.S.dollar relative to other currencies are the result of:

China is currently one of the three largest exporters in the world today.

While Asia represents an important source of U.S.imports,few export opportunities exist for U.S.firms to sell goods and services to Asian consumers.

When competing in global markets,business organizations utilize a variety of strategies to reach foreign buyers.

Contract manufacturing requires heavy start-up costs by the domestic company.

Which of the following is included when calculating a country's balance of payments?

In order to enjoy the highest standard of living possible,comparative advantage theory states that all nations should strive to become self-sufficient.

When studying abroad last year,Reilly found that his U.S.dollars did not stretch as far as he had hoped.Each time he exchanged U.S.dollars for euros,he gave up more U.S.dollars in exchange for less euros.Obviously,the dollar had strength against the euro.

Which of the following statements is a good prediction of future occurrences in global markets?

Climate and terrain in several South American countries are conducive to growing coffee efficiently.While other countries can grow coffee,they are not as efficient and effective at coffee growing because of short seasons and climate concerns.This fact would lead you to believe that South American countries have a n) __________ advantage in the production of coffee.

An unfavorable balance of trade occurs when the value of:

____________ is the selling of products to another country.

If a Swiss chocolate firm purchases an American ice cream manufacturer,the American ice cream manufacturer becomes a:

The second wave of offshore outsourcing is having a more negative effect on the U.S.job market.

The same proven management styles used by companies in their domestic operations can be employed in their foreign subsidiaries.