QUESTION 9 ________ refer to total direct labor costs divided by…

MasterDolphinPerson944
QUESTION 9 ________ refer to total direct labor costs divided by…

QUESTION 9

________ refer to total direct labor costs divided by units produced.

 

QUESTION 10

The Fair Isle Distillery is based in Scotland but chooses to use the U.S. dollar for all pricing, expenses, and finance matters. In this case, the U.S. dollar is an example of

    a spot exchange.
    a functional currency.
    a forward exchange.
    the gold standard.

 

QUESTION 11

________ are payments made for the use of a company’s name, trade name, consulting, and technology.

 

QUESTION 12

Purchasing power parity is a way to compare

    the purchasing power between two currencies.
    meals in different economic systems, via the Big Mac Index.
    the cost savings of economies of scale.
    the impact of financial aid in several economies.

 

QUESTION 13

A ________ is an extension of the parent company, not a separate legal entity.

 

QUESTION 14

Many companies take advantage of banking opportunities in the Cayman Islands where there are low taxes and less strict banking regulations. The banking centers in the Cayman Islands are an example of

    3BL.
    tax havens.
    ADRs
    fronting loans.

QUESTION 15

A ________ is a separate legal entity owned by the parent company.

QUESTION 16

The triple concerns of triple bottom-line (3BL) accounting are

    economic, social, and environmental impacts of business.
    a firm’s authority, diversity, and equity.
    profits, public relations, and productivity.
    ethical, political, and institutional effects of business

QUESTION 17

How did the Jamaica Agreement affect IMF members?

    It controlled exchange rates in the South Atlantic region.
    It established the rules for the floating exchange rate system.
    It led to the free trade agreement in the Caribbean.
    It created guidelines for the gold standard.

QUESTION 18

The three major taxes governments use to generate revenue are

    property tax, VAT, and sales tax.
    income tax, property tax, and sales tax.
    sales tax, VAT, and income tax.
    VAT, income tax, and withholding tax.

QUESTION 19

Describe why international managers would be interested in age distribution studies.

 

QUESTION 20

The ________ environment includes the interactions between domestic and foreign environmental forces, or between sets of foreign environmental forces when an affiliate in one country does business with customers in another.

    foreign
    global
    host country
    international

 

QUESTION 21

Most inflation is measured by the ________, which captures the price changes over time for a basket of consumer goods.

 

QUESTION 22

For the parent company in an IC group, translation of assets and liabilities as well as payables and receivables of subsidiaries from the currencies of their host countries to the currency of the parent’s home country is

    not a common practice for industrial groups.
    prohibited by laws of most host countries.
    required by the laws of most home countries.
    necessary to understand how well subsidiaries are doing.

 

QUESTION 23

A measure of how the inhabitants are distributed over a nation’s area is called ________.

 

QUESTION 24

The ________ method of foreign currency consolidation translates monetary items such as cash, receivables, and payables at the current exchange rate.

 

QUESTION 25

A measure of how a nation’s income is apportioned among its people is called

    the Atlas conversion factor.
    gross domestic product.
    purchasing power parity.
    income distribution.

 

QUESTION 26

Countries that value privacy or secrecy over transparency in regard to disclosing information to the public include

    the United States and Switzerland.
    the United Kingdom and China.
    Sweden and the United Kingdom.
    Japan and Germany.

 

QUESTION 27

When taking into account cultural differences, Sidney Gray used the ________ dimension to measure the degree to which companies disclose information to the public.

    secrecy-transparency
    masculinity-femininity
    mission-vision
    optimism-conservatism

 

QUESTION 28

A company is determining the divorce rate in parts of Europe. The company produces single-serving meal kits that might be of interest to people who were married but are now single. Which type of factor is this company analyzing?

    socioeconomic
    political
    economic
    psychosocial

 

QUESTION 29

According to the text, commercial energy use per capita is related to the size of what set of modern sectors?

    urban areas, industry, motorized transport
    housing, agriculture, industry
    manufacturing, agriculture, housing
    commercial buildings, agriculture, transportation

 

QUESTION 30

When an international manager is considering where to do business, one of the first considerations is

    the size of the economy.
    whether the country has a democratically elected government.
    the dominant religion in the country.
    whether the country has a manufacturing sector.

 

QUESTION 31

Bretton Woods led to an exchange rate agreement known as the Bretton Woods System, also called the

    gold exchange standard.
    French rate system.
    India Accord system.
    floating rate system.

 

QUESTION 32

________ economies are frequently characterized as those industrialized, or postindustrial, service-based nations that are economically advanced, with established infrastructures—roads, bridges, utilities, power supplies, communications, and other structural elements needed for the smooth operation of a society—and that have achieved high incomes per capita that support a high living standard.

 

QUESTION 33

A currency that is used for international trade is known as a ________ currency.