Upperiowa BA317 Week 4 Midterm Exam 2021

Question 1 Briefly discuss the ways in which technological change has affected globalization.

Question 2 How is managing an international business different from managing a purely domestic business?

Question 3 Why are supranational organizations such as the WTO (World Trade Organization) and the UN (United Nations) criticized?

Question 4 Briefly compare an institutional based view of global business and a resource-based view of global business.

Question 5 Briefly explain the difference in a command economy, a pure market economy and a mixed economy.

Question 6 Briefly explain how political, economic and legal environments of a country affect international trade?

Question 7 How do international businesses respond to violations of their intellectual property?

Question 8 What are “grease” payments and are they acceptable by the U.S. law and the OECD convention?

Question 9 How does corruption affect the economic growth rate of a country?

Question 10 Describe the significance of “Contracts for the International Sale of Goods.”(CIGS).

Question 11 Briefly discuss why command economies tend to stagnate.

Question 12 What are the various types of risks that a business enterprise could face in doing business in a particular country?

Question 13 Briefly discuss the concept of “deregulation.”

Question 14 List 7 things that an international business and its managers can do to make sure ethical issues are considered in business decisions?

Question 15 Briefly explain the difference between horizontal and vertical FDI (Foreign Direct Investment).

Question 16 Briefly discuss the environmental issues related to businesses operating in developing nations.

Question 17 Mercantilism viewed trade as a “zero-sum” game. Briefly discuss Adam Smith & David Ricardo’s stand on this view.

Question 18 What is meant by the term “free trade?”  Is free trade compatible with the concept of mercantilism?

Question 19 Briefly explain the theory of “comparative advantage.”

Question 20 How do trade barriers constrain a firm’s ability to disperse its productive activities?

Question 21 List & briefly explain factors that determine FX (Foreign Exchange) rates.