Question 1

TOMS Shoes has a program in Argentina that demonstrates best practices in supplier management.The company provides shoes to disadvantaged people including children and disaster victims,aiding in the prevention of foot-borne infections,and providing mobility for children to gain education.TOMS Shoes is a leader in ________.

Accepted Answer

TOMS Shoes' program in Argentina demonstrates a strong commitment to corporate social responsibility, by providing shoes to disadvantaged people and aiding in the prevention of foot-borne infections.

Question 2

Of the following,which is true of distribution strategies?

Accepted Answer

Each statement accurately reflects aspects of distribution strategies. A) acknowledges the complexities and potential vulnerabilities introduced by sophisticated distribution systems. B) highlights the risks associated with just-in-time inventory systems, particularly in relation to distribution disruptions. C) points out the importance of cargo security measures starting early in the distribution process. D) emphasizes the critical role of distribution systems in international business-to-business relationships.

Question 3

An attempt to control rapid increases in population and ensure that economic development exceeds population growth is called ________.

Accepted Answer

Population stabilization refers to efforts to control rapid increases in population through various means such as family planning, education, and improving access to healthcare. This ensures that economic development exceeds population growth and prevents the negative consequences of overpopulation such as resource depletion and environmental degradation. The other choices (population balance, population shrinkage, population control, and population management) are not as commonly used or have negative connotations associated with them.

Question 4

It has been reported that in the state of Haryana,India,there are just 820 girls born for every 1,000 boys.Girls of marriageable age are in short supply.In India,there is a concern over ________.

Accepted Answer

The given information about the low number of girls being born in Haryana indicates a concern over population balance in India, as there is a gender imbalance in the population.

Question 5

Executives at Apple were aware that the demand for their latest phone,the iPhone 4,would be high.As a result,the company set a high price for the product before it was even introduced to the market.Apple engaged in ________.

Accepted Answer

Forward pricing is the strategy of setting a price for a product before it is available in the market, which is exactly what Apple did with the iPhone 4. They predicted that the demand for their new product would be high and set a price accordingly.

Question 6

________ requires working with existing product technology to create specific product bundles for a particular customer,resulting in tailor-made jeans or a customized car.

Accepted Answer

Mass customization refers to the process of using existing product technology to create specific product bundles for a particular customer, resulting in tailor-made products. This approach allows companies to offer unique products to customers while still benefiting from mass production techniques.

Question 7

According to the Georgetown University Office of Overseas studies,which of the following should students studying abroad NOT do?

Accepted Answer

The Georgetown University Office of Overseas studies advises students not to look and sound like a tourist. This is because it can make them stand out and potentially become targets for scams or other dangers. Instead, they suggest adapting to the local culture and blending in as much as possible.

Question 8

To operate an organization in a manner which will both assure a profitable and sustainable future for the organization's primary stakeholders while having positive and managed impacts on both society and the environment is known as ________.

Accepted Answer

Corporate social responsibility (CSR) involves operating an organization in a way that ensures profitability and sustainability for stakeholders while positively impacting society and the environment.

Question 9

________ now has the highest online population with 738 million people.

Accepted Answer

According to recent statistics, Asia has the highest online population with 738 million people.

Question 10

Of the following,which is a potential disadvantage of the Internet?

Accepted Answer

The ease and speed of communication on the internet mean that one negative review or complaint can quickly spread and potentially damage a business's reputation.

Question 11

Total accumulated negative net investment of a nation is known as ________.

Accepted Answer

The answer of Total accumulated negative net investment of a...

Question 12

The interaction of factors in nature and society which determine the longevity and continuity of an approach is called ________.

Accepted Answer

The term that describes the interaction of factors in nature and society that determine the longevity and continuity of an approach is called sustainability. Choice A, C, D, and E are not relevant to the given definition.

Question 13

Countries such as ________ offer large pools of skilled labor at rates much lower than in the United States.

Accepted Answer

Israel is known for its strong technology sector and skilled labor force, particularly in areas such as software development and IT. Labor costs in Israel are generally lower than in the United States, making it an attractive option for companies looking to outsource labor-intensive tasks. France, Austria, Germany, and Japan generally have higher labor costs than the United States, making them less likely to offer large pools of skilled labor at rates lower than in the U.S.

Question 14

An increase will occur in the trend toward ________.

Accepted Answer

Strategic alliances involve partnerships between two or more businesses, and are becoming increasingly popular as companies seek to leverage their strengths and resources. This option makes the most sense as the other choices are either declining in popularity or are less relevant to current business trends.

Question 15

In the European Union,companies selling electrical goods products must conform to WEEE (the Waste Electrical and Electronic Equipment Directive)and provide methods for the collection and recycling of equipment,including such things as ink cartridges for printers.Such regulations are efforts to increase ________.

Accepted Answer

The regulations mentioned in the statement, such as the WEEE directive, are focused on promoting sustainability. They require companies to provide methods for collecting and recycling electronic equipment to reduce waste and environmental damage.

Question 16

Most affected by communications advances will be members of the ________ sector.

Accepted Answer

Communications advances have already transformed the services sector drastically, with the development of online services and digital platforms. This trend is likely to continue as businesses seek to leverage new technologies to improve efficiency and customer experience.

Question 17

________ and ________ are the most popular fields of study for the 623,000 international students at American universities.

Accepted Answer

According to a report by the Institute of International Education, Business and Management were the most popular fields of study among international students in the U.S., with 20.5% of all international students studying in these fields.

Question 18

Setting the price of a product based on its anticipated demand before it has been introduced to the market is referred to as ________.

Accepted Answer

Forward pricing involves determining the price of a product based on its anticipated demand before it has been introduced to the market. This approach enables businesses to maximize profits by setting prices that correspond with the perceived value of their product.

Question 19

Of the following,which is NOT true concerning opportunities for women in global management?

Accepted Answer

The statement that female expatriates are seen as local women is not true. In fact, female expatriates may face additional challenges due to cultural differences and gender stereotypes in some countries. The other statements are generally true and reflect some of the advantages and opportunities that women may have in global management roles.

Question 20

________ will be the key determinant in the coming years of a currency's value.

Accepted Answer

Market forces, such as supply and demand, economic indicators, and investor sentiment, play a crucial role in determining a currency's value in the long run. While factors such as war, demographics, natural resources, and government action can have an impact, they are often short-term factors and do not have the same sustained impact on currency values as market forces.

Quiz 19: New Horizons