Answered Essay: 1.         If a company bases its operation on religious perceptions, it is following the _________ law

1.         If a company bases its operation on religious perceptions, it is following the _________ law of that country.

A.        civil

B.        common

C.        theocratic

D.        economic

E.         utilitarianism and Kantian ethics.

Answer: __________

2.         If a company wishes to use its resources to specialize in the production of goods and services that are already productive and profitable, it is doing so to gain a/an __________ advantage.

A.        absolute

B.        acquired

C.        comparative

D.        natural

Answer: __________

3.         When Company A controls a foreign operation rather than collaborating with a foreign business, it is called:

A.        a franchise.

B.        internalization.

C.        a consortium.

D.        a licensing agreement.

Answer: __________

4.         Many governments have reduced restrictions on cross-border movements of goods, services, and capital, because they believe that this is good for consumers, producers, and the national economy. Opponents of this practice have failed to stop this type of trading. This type of cross-border movement is known as:

A.        internationalization.

B.        liberalization.

C.        exporting.

D.        importing.

Answer: __________

5.         A/an __________ sourcing strategy is one in which nominally independent suppliers work together to manage the flow of goods and services along the entire value-added chain.

A.        horizontal integration

B.        vertical integration

C.        transmodel

D.        arm’s length purchase

E.         network

Answer: __________

Expert Answer

Answer

1. C. Theocratic

2. A. Absolute

3. B. internalizaton.

4. B. liberalization

5. B. vertical integration

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