Question 1

0 out of 5 points Trading blocs are groups of countries Answer Selected Answer: Correct Answer: using a common currency in order to borrow from member nations. that have reduced or eliminated tariffs allowing for a free flow of goods among member nations.

Question 2
5 out of 5 points _____ is buying products from overseas markets that are manufactured overseas. Answer Selected Answer: Importing Correct Answer: Importing

Question 3
5 out of 5 points International trade provides businesses with access to new customers through Answer Selected Answer: Correct Answer: outsourcing, importing, exporting, licensing, franchising, and foreign direct investment. outsourcing, importing, exporting, licensing, franchising, and foreign direct investment.

Question 4
5 out of 5 points

The International Monetary Fund (IMF) implemented a debt relief program to benefit Answer Selected Answer: poor countries. Correct Answer: poor countries.

Question 5
5 out of 5 points The European Union created a common currency that 12, member states have since adopted. This common currency is referred to as the Answer Selected Answer: euro. Correct Answer: euro.

Question 6
5 out of 5 points The _____ influences the global economy by providing technical advice to the governments of developing countries for projects in a range of areas including infrastructure and education. Answer Selected Answer: World Bank Correct Answer: World Bank

Question 7
0 out of 5 points When a country lacks hard currency, it must use _____ to complete international trade. Answer Selected Answer: exporting

Correct Answer: countertrade

Question 8
5 out of 5 points _____ are among the most challenging issues faced by companies and individuals that are involved in international businesses. Answer Selected Answer: Bribery and corruption Correct Answer: Bribery and corruption

Question 9
5 out of 5 points A _____ establishes expectations for ethical behavior at all levels of the organization. Answer Selected Answer: code of ethics Correct Answer: code of ethics

Question 10
5 out of 5 points _____ is the social movement supporting the consumers right to be informed, to be safe, to choose, and to be heard. Answer Selected Answer: Consumerism Correct Answer: Consumerism

Question 11

5 out of 5 points The goal of _____ is to meet the needs of the current generation without harming the ability of future generations to meet their needs. Answer Selected Answer: sustainable development Correct Answer: sustainable development

Question 12
5 out of 5 points Developing and promoting environmentally sound products and practices to gain a competitive edge is called Answer Selected Answer: green marketing. Correct Answer: green marketing.

Question 13
5 out of 5 points In the business world, social responsibility refers to Answer Selected Answer: the obligation of a business organization to contribute to society. Correct Answer: the obligation of a business organization to contribute to society.

Question 14
5 out of 5 points A _____ uses software and/or hardware to prevent unwanted access to a computer or computer system. Answer

Selected Answer: firewall Correct Answer: firewall

Question 15
5 out of 5 points _____ involves storing data and running applications outside the companys firewall. Answer Selected Answer: Cloud computing Correct Answer: Cloud computing

Question 16
0 out of 5 points _____ are specialized Internet sites where B2B buyers and sellers exchange products and services. Answer Selected Answer: Cybermarkets Correct Answer: E-marketplaces

Question 17
5 out of 5 points _____ is an Internet marketing strategy that attempts to involve customers and others not employed by the seller in activities that promote a product. Answer Selected Answer: Viral marketing Correct Answer: Viral marketing

 Question 18
5 out of 5 points _____ is/are the raw facts and figures businesses collect. Answer Selected Answer: Data Correct Answer: Data

Question 19
5 out of 5 points The Business Software Alliance estimated that the piracy rate in China was about Answer Selected Answer: 80% Correct Answer: 80%

Question 20
5 out of 5 points _____ means breaking workers into logical groups. Answer Selected Answer: Departmentalization Correct Answer: Departmentalization

Question 21
5 out of 5 points The three basic types of management skills are: Answer

Selected Answer: technical, human, and conceptual. Correct Answer: technical, human, and conceptual.

Question 22
0 out of 5 points A _____organization typically has a clear, simple chain of command from top to bottom. Answer Selected Answer: line-and-staff Correct Answer: line

Question 23
5 out of 5 points A _____ organization creates flexibility as it brings together specialists from different areas of the company to work temporarily on individual projects. Answer Selected Answer: matrix Correct Answer: matrix

Question 24
0 out of 5 points _____ managers believe that employee intellectual capacity is underutilized and that employees can be motivated with a variety of rewards. Answer Selected Answer: Theory Z Correct Answer: Theory Y

 Question 25
5 out of 5 points There are three basic levels of management: Answer Selected Answer: top, middle, and first line. Correct Answer: top, middle, and first line.