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Found in Business-General
Q: Multiple Choice 1. (TCO 2) High Mountain Brewers has adopted the slogan, "Cool, Clean, and Green" to promote its product line of specialty beers and company image. However, upon closer inspection, a group of concerned citizens, including some former employees, is protesting that the company is anything but "green." According to the Thinking Green box, titled, "Green Greed," the group is accusing the brewer of __________. (Points : 5) green gauging environmental stewardship not adhering to government regulations which stipulate exactly what a firm must be able to prove in order to be green green washing 2. (TCO 3) An unfavorable balance of trade occurs when the value of: (Points : 5) imports equals the value of exports. imports exceeds the value of exports. cash inflows are equal to the value of cash outflows. exports exceed the value of imports. 3. (TCO 3) ____________ occurs when a country lowers the value of its currency relative to the currency of other nations. (Points : 5) Devaluation Extrapolation Depreciation Downward justification 4. (TCO 3) What theory states that a nation should produce and sell its goods to other countries that it produces most efficiently, and buy goods produced more efficiently by other countries? (Points : 5) Comparative advantage Absolute advantage Mercantilism Bilateral advantage 5. (TCO 4) Increased participation in small business exporting owes credit to _________. (Points : 5) political constituents who have made in-roads abroad large events such as the Olympics that have brought attention to the potential in world markets technological advances such as the Internet and PayPal for safely fulfilling orders partnerships that small businesses have formed with large businesses 6. (TCO 2) When working with international firms, U.S. businesses: (Points : 5) tend to ignore the ethics of their international partners. expect socially responsible behavior from their business partners. feel that their responsibility is limited to the United States. try to avoid judging our international business partners by U.S. standards. 7. (TCO 2) Which of the following indicates that U.S. businesses are demanding socially responsible behavior from their international suppliers? (Points : 5) The establishment of the Equal Opportunity Employment Commission The decision of Wal-Mart to open stores globally The decision of Phillips-Van Heusen to cancel orders from suppliers that violate its ethics code The creation of the North American Free Trade Zone (NAFTA) between the U.S., Canada, and Mexico 8. (TCO 3) Labor unions and businesses in the heavy equipment industry have asked the U.S. Congress to place a tax on imported equipment in order to make it more expensive. They hope that this will allow U.S. producers to be more competitive. The U.S. heavy equipment industry appears to be seeking a(n): (Points : 5) injunction. revenue tariff. nontariff barrier. protective tariff. 9. (TCO 3) Global trade with China is: (Points : 5) too risky and not worth the effort. illegal based on World Trade Organization (WTO) rulings. an emerging business opportunity for several companies. dependent upon the success of multinational corporations. 10. (TCO 1) The war on terrorism in many parts of the world should lead to ______. (Points : 5) a decrease in warring nations consumers spending more because they feel more patriotic an increase in prosperity and peace throughout the world consumer and economic hardship due to increased military spending 11. (TCO 1) Identify and describe the four basic rights that form the foundation of capitalism. (Points : 20) 12. (TCO 2) Identify and discuss the three questions that an ethics-based manager should ask when facing a potentially unethical action. (Points : 20)