1.Three sets of related decisions are involved in financial management in an international business. Which of these involves making decisions about how to fund the chosen activities? （ ）
A:Financing decisions
B:Investment decisions
C:Bilateral decisions
D:Money management decisions
答案:Financing decisions
2.A （ ） represents the remuneration paid to the owners of technology, patents, or trade names for the use of that technology or the right to manufacture and/or sell products under those patents or trade names.
A:transfer price
B:fronting loan
C:fee
D:royalty
答案:royalty
3.Which term refers to the rate at which one currency is converted into another? （ ）
A:Exchange rate
B:Interchange rate
C:Spread
D:Basis point
答案:Exchange rate
4._____ occurs when higher-cost external producers are replaced by lower-cost external producers within the free trade area. （ ）
A:Trade diversion
B:A common market
C:Trade creation
D:A customs union
答案:Trade diversion
5.Which of the following explains why economic integration has never been easy to achieve or sustain, despite the strong economic and political arguments in support? ( )
A:Linking neighboring economies and making them increasingly dependent on each other creates little incentives for political cooperation.
B:Countries fear a reduction of their political weight in the world because of economic integration.
C:While a nation as a whole may benefit significantly, certain groups may lose
D:No country has shown significant improvement because of economic integration.
答案:While a nation as a whole may benefit significantly, certain groups may lose
6.A(n) _____ is quoted for 30 days, 90 days, and 180 days into the future. （ ）
A:arbitrage
B:forward exchange rate
C:currency swap
D:spot exchange rate
答案:forward exchange rate
7.A(n) _____ is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. （ ）
A:carry trade
B:arbitrage
C:spot exchange
D:currency swap
答案:currency swap
8.A （ ） is compensation for professional services or expertise supplied to a foreign subsidiary by the parent company or another subsidiary.
A:royalty
B:fee
C:transfer price
D:fronting loan
答案:fee
9.Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments? （ ）.
A:The IMF
B:The GATT
C:The WTO
D:The World Bank
答案:The World Bank
10.Differences in the spot exchange rate and the 30-day forward rate are normal and reflect the expectations of the foreign exchange market about: （ ）
A:stability in the global marketplace.
B:the carry trades that will occur.
C:anticipated currency swap rates.
D:future currency movements.
答案:future currency movements.
11.Which of the following is a reason why the European Union is considered an imperfect economic union? （ ）
A:Products and services are not allowed to move freely between member countries.
B:Almost all markets are heavily regulated.
C:Not all members of the union have adopted the euro.
D:Factors of production are not allowed to move freely between member countries.
A:Mercosur B:European Free Trade Association C:European Council D:Andean Community 13.The variety of goods that a country can produce is limited by the size of the market in industries where _____ are important. （ ）
A:factor endowments B:economies of scale C:current account surpluses D:current account deficits 14.（ ） are export specialists that act as the export marketing department or international department for their client firms.
A:Centers for International Business Education and Research (CIBERs) B:Export Management Companies (EMCs) C:Export Legal Assistance Networks (ELANs) D:Small Business Development Centers (SBDCs) 15.The shift toward a more integrated and interdependent world economy is referred to as （ ）.
A:international marketing B:globalization C:privatization D:outsourcing 16.New trade theory suggests that nations: （ ）
A:adopt policies that promote strong competition within domestic markets. B:may benefit from trade even when they do not differ in resource endowments or technology. C:increase their commitment to research and development. D:cannot benefit from trade when they do not differ in resource endowments or technology. 17.Which level of economic integration eliminates trade barriers between member countries and adopts a common external trade policy? （ ）
A:Customs union B:Common market C:Political union D:Economic union 18.The _____ is a global network of banks, brokers, and foreign exchange dealers connected by electronic communications systems. （ ）
A:foreign market database B:foreign exchange market C:global marketplace D:united global database 19.Which of the following is a factor of production? （ ）.
A:government B:capital C:tariffs D:transportation costs 20.Bank charges on letters of credit will depend on the: （ ）
A:exporter's creditworthiness. B:time taken to approve the sale. C:exporter's means of finance. D:size of the transaction. 21.A political system that prioritizes the needs of the society over individual freedoms is called （ ）.
A:egalitarianism B:totalitarianism C:capitalism D:collectivism 22.（ ） is the technique financial managers use to try to quantify the benefits, costs, and risks of an investment.
A:Transfer pricing B:External audit C:Control system analysis D:Capital budgeting 23.Which of the following is a feature of a democracy? （ ）
A:Exercise of absolute control by one person or political party. B:Prohibition of entry to opposing political parties. C:Complete restriction of individual political freedom. D:Governance by people or elected representatives. 24.In a(n) （ ）, one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale and this party can fulfill the obligation with any firm in the country to which the sale is being made.
A:barter B:buyback C:offset D:switch trade 25.Cross-cultural literacy refers to: （ ）
A:an individual's self-concept derived from perceived membership in a relevant social group. B:the phenomenon of merging and converging cultures. C:abstract ideas about what a group believes to be good, right, and desirable. D:an understanding of how cultural differences can affect business. 26.A country's （ ） keep track of both its payments to and its receipts from other countries.
A:balance-of-payments accounts B:offshore accounts C:current accounts D:currency accounts 27.A Japanese car manufacturer acquires an Italian producer of car tires. This is an example of a(n) （ ）.
A:acquisition B:greenfield investment C:merger D:absolute advantage 28.The _____ argues that a large proportion of the world's new products had been developed by U.S. firms. （ ）
A:Porter Diamond Model B:product life-cycle theory C:new trade theory D:Leontief Paradox 29.A _____ has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. ( )
A:bonded market B:common market C:free trade area D:customs union 30.Individualism has led to a high degree of managerial mobility between companies resulting in managers who have good general skills but lack company-specific experience.（ ）
A:错误 B:正确 31.In a concentrated retail system, there are many retailers but none of them have a significant share of the market.（ ）
A:正确 B:错误 32.Tangible property includes patents, designs, copyrights, and trademarks. （ ）
A:正确 B:错误 33.U.S. organizations can get financing aid from the Export-Import Bank. （ ）
A:对 B:错 34.The four main differences between distribution systems are retail concentration, channel length, channel exclusivity, and channel quality.（ ）
A:正确 B:错误 35.Franchising enables a firm to quickly build a global presence. （ ）
A:正确 B:错误 36.A current trend in international business is the decline of medium-sized and small multinationals, known as mini-multinationals. （ ）
A:错误 B:正确 37.Norms are abstract ideas about what a group believes to be good, right, and desirable.（ ）
A:对 B:错 38.The principles of multilateral netting and bilateral netting are different. （ ）
A:对 B:错 39.The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.（ ）
A:正确 B:错误 40.Democracy is a form of government that prohibits opposing political parties. （ ）
A:对 B:错 41.Elasticity of demand for a product in a given country is determined by income level and competitive conditions.（ ）
A:对 B:错 42.Countertrade is least attractive to large, diverse multinational enterprises. （ ）
A:对 B:错 43.Capital budgeting is the technique financial managers use to try to quantify the benefits, costs, and risks of an investment. （ ）
A:错 B:对 44.According to Paul Samuelson's critique, a poor country will rapidly improve its productivity if a rich country enters into a free trade agreement with it.. （ ）
A:错误 B:正确 45.Payment of dividends is an uncommon method of transferring funds from foreign subsidiaries to the parent company. （ ）
A:对 B:错 46.Concentrated retail systems tend to promote the growth of wholesalers to serve retailers, which lengthens channels. （ ）
A:错误 B:正确 47.Mergers and acquisitions are quicker to execute than greenfield investments. （ ）
A:对 B:错 48.The most global markets currently are markets for consumer products. （ ）
A:错误 B:正确 49.Hofstede's research has been criticized because it was culturally bound.（ ）
A:错误 B:正确
