FIU MAN4600 Quiz 1 covering Chapter 1

1 out of 1 points

Correct
The process by which companies undertake some activities at
offshore locations instead of their countries of origin is known as
outsourcing.

Question 2
1 out of 1 points

Correct
A firm with operations in more than one country,
international sales, and a nationality mix of managers and owners is a
multinational corporation.
Question 3
1 out of 1 points

Correct
The global organization of countries that oversees rules and
regulations for international trade and investment is the OECD.
Question 4
1 out of 1 points

Correct
The developing and emerging countries of the world are
expected to play an increasingly dominant role in the global economic system.
Question 5
1 out of 1 points

Correct
Very large, family-held Korean conglomerates that have
considerable political and economic power are called keirtsu.
Question 6
1 out of 1 points

Correct
The process of social, political, economic, cultural, and
technological integration among countries around the world is
globalization
international management

internationalization

transnational integration
Question 7
1 out of 1 points

the North American Free Trade Agreement

the Central American Free Trade Agreement

the Free Trade Agreement of the Americas

the General Agreement on Tariffs and Trade
Question 8
1 out of 1 points

Correct
Investment in property, plant, or equipment in another
country is known as
capital investment

a multinational corporation

multinational investment

foreign direct investment
Question 9
1 out of 1 points

Correct
Which type of economy exists when private enterprise
reserves the right to own property and monitor the production and distribution
of goods and services while the state simply supports competition and efficient
practices?
Answers:
a command economy

a market economy

a mixed economy

a collectivist economy
Question 10
1 out of 1 points

Which country is the United States’ largest trading partner?
Selected Answer:

Great Britain

Mexico

China

Canada