Ch5.pdf

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Department
Management (MGT)
Course
MGTA01H3
Professor
Daga
Semester
Winter

Description
ChapterUnderstanding 5 International Business1According to the World Economic Forum in 2006 the top three countries in terms of internationalcompetitiveness includeABrazil United States and ChinaBChina Japan and GermanyCUnited States Canada and MexicoDSwitzerland Finland and SwedenECanada Italy and GermanyAnswerDDiffPage 2 Ref 1452Imports areAgoods and services that are made or grown in Canada and sold abroadBgoods and services that are made or grown abroad and sold in CanadaCproducts that are made or grown abroad and sold in Canada Services cannot be importedDservices that are created in Canada and sold abroadEproducts that are made or grown in Canada and sold abroad Services cannot be importedAnswerBDiffPage 2 Ref 1403Exports areAproducts that are made or grown in Canada and sold abroad Services cannot be exportedBproducts that are made or grown abroad and sold in Canada Services cannot be exportedCgoods and services that are made or grown in Canada and sold abroadDgoods and services that are made or grown abroad and sold in CanadaEservices that are created in Canada and sold abroadAnswerCDiffPage 2 Ref 1404The world economy is fast becoming a single interdependent system This process is calledAmultinational exchangeBbalance of tradeCprivatizationDglobalizationEinternational exchangeAnswerDDiffPage 1 Ref 1405Old Mack a farmer has grown a surplus of wheat He would like to ship the extra to Europe where demandfor wheat is strong He is interested inAexportingBsubsidiesCa trade decitDforeign exchangeEimportingAnswerADiffPage 1 Ref 140Page1 6Susie lives in Vancouver and has noticed that there seems to be a rising interest in goods from the Chineseculture To take advantage of this she should exploreAexportingBa trade decitCimportingDforeign exchangeEsubsidiesAnswerCDiffPage 1 Ref 1407Your television set your shoes even the roast lamb on your dinner table is likely to be the result ofAforeign exchangeBexportingCsubsidiesDa trade decitEimportingAnswerEDiffPage 1 Ref 1408Farmer Sal grows strawberries The berries are shipped to a local manufacturing plant where they are madeinto jam labeled Country Recipe Strawberry Jam and boxed for shipment overseas This product ofOntario is also referred to as anAtrade productBabsolute productCcompetitive advantageDimportEexportAnswerEDiffPage 2 Ref 1409Which of the following is an example of importing a serviceAan accountant does nancial statements for a Mexican companyBa Toronto taxi driver takes an American from Pearson airport to a downtown Toronto hotelCa Canadian engineer designs a bridge to be built in AustraliaDa Canadian purchases a ticket to see a performance by a Spanish singerEa Canadian lawyer goes to California to work on a litigation caseAnswerDDiffPage 3 Ref 14010The annual volume of world trade is aboutA3 trillionB100 billionC875 billionD8 trillionE5 trillionAnswerDDiffPage 2 Ref 140Page2 11The following are all forces that have combined to spark and sustain globalization exceptAnew technologies make international travel and commerce increasingly easier faster and cheaperthan ever beforeBdollarization of the currency across all countries around the worldCcompetitive pressuresDcommunication technologyEgovernments and businesses have simply become more aware of the benets of globalization to theircountries and shareholdersAnswerBDiffPage 2 Ref 14112The three major marketplaces areAEurope AsiaPacic United StatesBNorth America Europe AsiaPacicCSouth America North America AsiaPacicDNorth America Europe JapanEJapan United States EuropeAnswerBDiffPage 2 Ref 14113According to the World Bank high income countries include all of the following exceptACanadaBJapanCSouth KoreaDUSEGreeceAnswerEDiffPage 2 Ref 14114Accordingincome to the World Bankis considered a middle countryAIsraelBSingaporeCArgentinaDIndiaEHong KongAnswerCDiffPage 3 Ref 14115Upper middleincome countries are dened asAthose with per capita income between US5210 and US8210Bthose with per capita income of less than US21 345 but more than US765Cthose with per capita income between US3255 to US10 065Dthose with per capita income of less than US21 345 but more than US205Ethose with per capita income of less than US9386 but more than US205AnswerCDiffPage 3 Ref 141Page3
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