Global Dimensions of Business Quiz

Question 1 (10 points)

This index score is derived by subtracting the percentage of workers who say their employers are ‘firing’ from the percentage of workers who say their employers are ‘hiring’.

Question 1 options:

	Unemployment Index
	Job Creation Index
	Consumer price index
	Labor Index

Question 2 (10 points)

Christie’s and Sotheby’s both have a dominant place in the auction market and have both become more aggressive about increasing the commissions that buyers must pay without any kind of agreement between them to do so. This is an example of

Question 2 options:

	Tacit collusion
	Monopoly
	Exchange Rigging
	Explicit collusion

Question 3 (10 points)

When a parent company gives right to another company to conduct business using their name and products in a prescribed manner under strict guidelines

Question 3 options:

	Direct Investment
	Licensing
	Franchising
	Free trade

Question 4 (10 points)

This international business strategy is a strategy by which companies try to achieve maximum local responsiveness by customizing both their product offering and marketing strategy to match different national conditions.

Question 4 options:

	Transnational strategy
	Global strategy
	Multi-domestic strategy
	Semi-global strategy

Question 5 (10 points)

As an example of this strategy, large fast-food chains such as McDonald’s and KFC rely on the same brand names and the same core menu items around the world, but make some concessions to local tastes too.

Question 5 options:

	Multidomestic strategy
	Multinational strategy
	Global strategy
	Transnational strategy

Question 6 (10 points)

Assume that there are four major cable providers in the U.S. The four companies meet secretly and agree not to compete with one another for customers in certain geographic areas of the country. This is an example of:

Question 6 options:

	Collusion
	Monopoly
	Oligopoly
	Price fixing

Question 7 (10 points)

Investments in the United States by a foreign entity to either establish a new business in the U.S. or expand an existing foreign-owned business is known as what type of investment?

Question 7 options:

	Brownfield investment
	Freefield investment
	Greenfield investment
	Motorfield investment

Question 8 (10 points)

Rather than trying to force all of its American-made shows on viewers around the globe, MTV uses this strategy and customizes the programming that is shown on its channels within dozens of countries, including New Zealand, Portugal, Pakistan, and India.

Question 8 options:

	Multidomestic strategy
	Transnational strategy
	Multinational strategy
	Global strategy

Question 9 (10 points)

The value of direct investment made by the resident of the reporting economy to external economies.

Question 9 options:

	FDI net outflow
	FDI net inflow
	Outward direct investment
	Capital expenditure

Question 10 (10 points)

How can foreign direct investment (FDI) be best described?

Question 10 options:

	When a government invests in another government
	When an investor starts or acquires a business in a foreign country
	When you invest in a foreign stock market or buy foreign bonds
	When a country looks for foreign aid