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Exam 3: Global Business

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Question 31

Multiple Choice

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Ford Motor Company,Mazda Motor Corporation,and Matsushita Electrical Industrial Company formed a ____ to make heating and cooling units in Japan for Mazda cars beginning in 1988.The new company's heating and cooling units may also be used in Ford's cars.

A) sales branch
B) joint venture
C) subsidiary
D) licensing agreement
E) sole proprietorship

F) B) and E)
G) C) and D)

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Question 32

Multiple Choice

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The U.S.government created the ____ as a comprehensive source for U.S.companies seeking information on federal programs and activities that support U.S.exports.

A) Export Legal Assistance Network
B) Trade Information Center
C) National Export Strategy
D) ADB
E) Federal Trade Commission

F) B) and C)
G) A) and C)

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Question 33

Multiple Choice

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When the United States levies a tax on coffee from Colombia,this type of tax is a(n)

The United States sells industrial supplies and materials to many nations around the world.The United States thus engages in

Latoya is opening a business that makes unique lamps from shells.She is considering exporting these lamps to other countries but needs more information about what to do,how to negotiate the customs process,and which nations would provide the best markets for her products.Which of the following are not resources that would help her find the information she needs?

When Fabiola from the United States flies to Scotland on a Canadian airline,stays in an Edinburgh hotel,and buys many wool sweaters from Scotland to bring home,she is

A draft is issued by the exporter's bank,ordering the importer's bank to pay for the merchandise and thus guaranteeing payment once it is accepted by the importer's bank.

The U.S.government imposes a tax on imported automobiles from Japan,Korea,Germany,and other foreign nations to increase government funds.This is best described as a(n)

When an Indian importing firm wants to import U.S.-made products,it must first secure permission and dollars from the Reserve Bank of India.This type of restriction is known as a

Landfall Service Landfall Service is a lawn furniture company that has been around for many years.It is known for its ability to produce furniture more efficiently than any other company in the nation.In truth,no other companies in any other nation come close.Landfall Service has shipped many of its products internationally.In fact,80 percent of its profits come from international sales.However,the Italian government has imposed a tax on imported furniture items to protect local companies.The Brazilian government,on the other hand,has imposed taxes on Landfall Service products due to the government wanting a piece of the pie.Landfall Service initially thought that these taxes were unfair because it was being singled out.However,after Landfall Service contacted the organization that had the power to mediate this situation,the furniture company realized that the taxation it was subjected to was legal and that there was nothing it could do about it. -Refer to Landfall Service.Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world,the company must have a(n) ____ advantage.

A ____ is issued by the transport carrier to the exporter to prove merchandise has been shipped.

The Saudi Arabian government does not allow the consumption of alcoholic beverages within its country.The Saudi Arabian government is imposing a(n)

When Sony Corporation of Japan purchased Columbia Pictures Entertainment,Inc.of the United States,Sony made a(n)

When importers and exporters do not trust one another and want to ensure that the importer receives the promised merchandise and the exporter gets paid,the go-between representative they employ is (are)

ABC Company wants to explore commercial opportunities in India and needs to consult with a country expert.ABC Company should consider seeking assistance from the

What types of products did GATT focus on during the Kennedy Round?

Eleven republics of the former Soviet Union are members of the

Comparative advantage is the ability to produce a specific product more efficiently than any other nation.

What is a strategic alliance? What is its major advantage?

What are multilateral development banks? What is their purpose? Who supports these banks?