Which of the following best describes nationalization?

Question 1

Which of the following best describes nationalization?

Question options:

Government's gradual and subtle actions against a firm

Forced sale of an MNC's assets to local buyers

Outsourcing of governmental functions to private entities

Hiring preferences given to locals rather than expatriates

Question 2

Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy?

Question options:

Nationalization

Socialism

Communism

Globalization

Question 3

Experts suggest that firms wanting to globalize through e-commerce must first localize, which means firms need to:

Question options:

modify their products and services to meet the needs and interests of local cultures.

test their products and services in local markets before selling them over the Internet.

sell their products in a brick-and-mortar store before selling them through an e-market.

use local suppliers, vendors, and distributors to manufacture products for the local market.

Question 4

In recent years, which of the following has lessened the criticisms of MNCs?

Question options:

Increasing economic differences among countries

Dissolution of MNCs in developing countries

Limited emphasis on social responsibility and ethical behavior

Greater emphasis on social responsibility by MNCs

Question 5

__________ lies at the intersection of financial, social, and environmental health––sometimes described as the "triple bottom line."

Question options:

Privatization

Technoglobalism

Protectionism

Sustainability

Question 6

McDonald's, a fast food chain headquartered in the United States, applies the morality it practices in the United States to all foreign countries in which it operates. McDonald's is adhering to:

Question options:

ethnocentrism.

geocentrism.

moral universalism.

ethical relativism.

Question 7

Which of the following creates shared value?

Question options:

Creating economic value by creating social value

Creating social value by creating economic value

Disabling local cluster development

Question 8

Which of the following was the primary purpose of the Organization for Economic Cooperation and Development Convention on Bribery?

Question options:

To protect corporate bribery whistleblowers

To combat corporate corruption

To establish bribery laws

To quantify global corruption

Question 9

Which of the following shows that employees have understood, and signed off on, the legal obligations regarding bribery and corruption in the countries where they do business?

Question options:

Having global interdependence

Adhering to globalization

Having a global compliance system

Adhering to commercialization

Question 10

To which of the following free-trade agreements do Costa Rica, Guatemala, Honduras, El Salvador, and Nicaragua all belong?

Question options:

NAFTA

CAFTA

ASEAN

MERCOSUR

Question 11

Which of the following significantly increases the complexity of social responsibility and ethical behavior of MNCs?

Question options:

Difficulties posed in training managers from different cultures

International laws, regulations, and moral principles

Additional stakeholders associated with the firm's activities

Distance between the headquarters and the subsidiaries

Question 12

Which of the following is the main reason why companies dispose hazardous waste in less developed countries?

Question options:

Large amounts of available land

Advanced waste disposal plants

International agreements

Weak regulations and low costs

Question 13

According to Robertson and Crittenden, which of the following has made integrating an ethical component into international strategic decisions, challenging?

Question options:

Cultural constraints

Political stability

Natural resources

Corporate ethics

Question 14

Robert is a technology officer in an Umerian firm and he manages the firm's operations at its facility in Elador. Robert is considering the idea of installing new technology in the facility that would significantly improve productivity and reduce labor costs. Which of the following undermines the argument that Robert should install the new technology?

Question options:

Elador is currently experiencing a very high rate of unemployment.

The high school graduation rate in Elador is higher than in neighboring countries.

Elador's government leaders encourage firms to install the most modern machinery available.

The firm's competitors recently installed the same technology.

Question 15

Which of the following concepts requires that an industrial system be viewed not in isolation from its surrounding systems, but in concert with them?

Question options:

Industrial engineering

Ecological succession

Ecological shadow

Industrial ecology

Question 16

Past court decisions serve as precedents to the interpretation of the law under __________ law.

Question options:

common

civil

theocratic

contract

Question 17

Which of the following best explains why many foreign companies find operating in China a difficult experience from a business perspective?

Question options:

China lacks the financial and legal systems needed to support the country's foreign trade.

China's government mandates that workers receive high wages and benefits.

China's exchange rate changes too frequently for U.S. businesses to compete.

China's local market is not large enough to support its extensive exporting to the U.S.

Question 18

In which of the following groups of trade blocs does most of today's world trade take place?

Question options:

North America, Africa, and Canada

Saudi Arabia, Western Europe, and the Gulf

Western Europe, Asia, and the Americas

Middle East, China, and India

Question 19

Under __________ law, it is assumed a contract reflects promises that will be enforced without specifying the details in the contract.

Question options:

contract

state

federal

civil

Question 20

Emerson is a global manufacturing company headquartered in St. Louis,

Missouri. The company employs almost 130,000 workers at its 250

manufacturing facilities located on five different continents. Emerson

manufactures a wide range of products including air-conditioning

compressors, garbage disposers, and automotive parts. Emerson's Asian

operations employ over 50,000 people at manufacturing facilities in

Asia. Emerson needs to build a new manufacturing facility to produce

automotive parts for cars manufactured in Detroit. Emerson executives

are considering whether to build the new facility in China or in the

U.S.

Which of the following, if true, supports the argument to build a

new Emerson facility in China?

Question options:

The Chinese courts recently ruled in favor of an MNC in an intellectual

property rights lawsuit.

China is revoking its membership from the World Trade Organization.

China has increased Internet controls and blocked most international

search sites.

The Chinese Commonwealth network is investing large amounts of capital

in China.