·         Question 1

2.5 out of 2.5 points

Centralization allows decision making authority to occur where the decisions are to be made.

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·         Question 2

2.5 out of 2.5 points

The intent of forming a trading bloc can range from the potential of trade creation to the desire for economic protectionism.

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·         Question 3

2.5 out of 2.5 points

The four categories of motivational reasons why companies expand globally are: primary, alternate, proactive and reactive.

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·         Question 4

2.5 out of 2.5 points

Two major contributing circumstances to the demise of the gold standard were the Great Depression and the Vietnam War.

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·         Question 5

2.5 out of 2.5 points

OPEC was founded in 1960 in Baghdad.

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·         Question 6

2.5 out of 2.5 points

Export intermediaries provide expertise to inexperienced exporters as they enter overseas markets.

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·         Question 7

2.5 out of 2.5 points

The greater division of labor is a benefit of trading blocs.

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·         Question 8

2.5 out of 2.5 points

In the U.S., the President sets exchange rate policies.

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·         Question 9

2.5 out of 2.5 points

Competitive pressure, excess capacity, underproduction, and a saturated or declining home market are reactive motivational factors that propel firms to expand into the global economy

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·         Question 10

2.5 out of 2.5 points

The initial goal of NAFTA was to increase investment and decrease tariffs between Mexico and the U.S.

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·         Question 11

2.5 out of 2.5 points

An ISO is, in actuality, a codification or assurance of quality and ISO is an internationally recognized certification system or process.

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·         Question 12

2.5 out of 2.5 points

Trading blocs are the core elements of regional economic integration. .

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·         Question 13

2.5 out of 2.5 points

Total Quality Management (TQM) should be based, trust in order to establish a solid foundation.

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·         Question 14

2.5 out of 2.5 points

Low intensity and high intensity are the two types of entry modes used to access markets

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·         Question 15

2.5 out of 2.5 points

A large portion of all FX market transactions are spot transactions.

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·         Question 16

2.5 out of 2.5 points

The convergence of international and domestic pricing also indicates the era of the global producer.

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·         Question 17

2.5out of 2.5 points

National customer preferences is a market expansion risk variable that occurs when the firm may not understand foreign customer preferences and fail to offer “localized” products and services.

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·         Question 18

2.5 out of 2.5 points

Firms are better off selecting non-equity, low-investment entry modes in countries that have high environmental uncertainty.

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·         Question 19

2.5 out of 2.5 points

The adoption of the floating exchange rate system resulted from the conclusion of the Bretton Woods Agreement.

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·         QuestioMath project due tomorrow early am.,Math,,

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