Multiple Choice
Identify the letter of the choice that best
completes the statement or answers the question.
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1.
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If
Canada places a direct tax on goods that it imports from other countries—for example, puts a
direct tax on jeans imported from Brazil—it has imposed a __________. a. | tariff | b. | quota | c. | nontariff barrier | d. | subsidy | | |
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2.
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The
Government of Canada gives a grant to a fish farm located on Prince Edward Island. This is an example
of a __________. a. | tariff | b. | quota | c. | nontariff barrier | d. | subsidy | | |
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3.
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A
government moves to reduce the volume of a particular product that can be imported into its country.
This government has imposed a __________. a. | tariff | b. | quota | c. | voluntary export restraint | d. | customs valuation/classification | | |
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4.
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Deep
Sea Foods Corporation, of Cape Breton Island, sells most of its products in Europe. This is an
example of __________. a. | licensing | b. | cooperative contract | c. | exporting | d. | franchising | | |
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5.
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Highbrow, Inc., of Toronto pays a fee to Higherbrow of London, England, for the right
to sell Higherbrow’s products in Canada. This arrangement is an example of
__________. a. | a cooperative
contract | b. | licensing | c. | a franchise | d. | joint venture | | |
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6.
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ABC,
Inc., of London, England, has the right to sell products in England under the brand name of
Greatshirts. Greatshirts is actually owned by Greatshirts, Inc., of Toronto and has allowed ABC to
sell its products in England in exchange for royalty payments. This form of global business is a
__________. a. | franchise | b. | licensing agreement | c. | cooperative contract | d. | joint venture | | |
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7.
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J
Corporation of New York and X Company Limited of Vancouver worked together to form a third company
named JAXCO of England. This form of global business is termed __________. a. | franchising | b. | wholly owned affiliate | c. | cooperative contract | d. | joint venture | | |
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8.
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Everyone in Skyhigh Corporation expects to and wants to contribute to decisions that
affect them. Further, all employees put the company before their own wants and goals. This company
culture reflects __________. a. | weak power distance and strong
individualism | b. | strong power
distance and strong individualism | c. | weak power distance and weak
individualism | d. | weak power
distance and long-term orientation | | |
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9.
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Gail is
comfortable in unstructured, ambiguous situations and believes it is important to save for the
future. In terms of Hofstede’s dimensions, Gail is __________. a. | strong on uncertainty avoidance and short term in
orientation | b. | strong on
uncertainty avoidance and long term in orientation | c. | strong on uncertainty avoidance and low on
masculinity | d. | weak on
uncertainty avoidance and long term in orientation | | |
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10.
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Francis
grew up believing that people should be self-sufficient and willing to compete and achieve high
goals. In terms of Hofstede’s dimensions, Francis is __________. a. | strong on individualism and low on
masculinity | b. | weak on
individualism and high on masculinity | c. | weak on individualism and high on power
distance | d. | strong on
individualism and high on power distance | | |
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True/False
Indicate whether the sentence or statement is true or
false.
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11.
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Howto,
Inc., based in Moncton, New Brunswick, has purchased two businesses, one in England and one in India.
This is an example of foreign direct investment.
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12.
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Soles
and Heels, Inc., has its headquarters in Halifax, Nova Scotia, but its manufacturing plants are in
India. India is the country of origin.
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13.
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NAFTA
is an example of regional trading zone.
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14.
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If a
federal government in any country entertains adjusting laws—for example, those pertaining to how
much foreign firms could invest in their countries—it is correct to say there is political
uncertainty.
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15.
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Sharon
is a senior marketing manager in her firm. She recently moved from her firm’s head office in
Regina to head the Asia marketing office in Hong Kong. Sharon is an expatriate manager.
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