Reference no: EM133186424

Are the statements True or False:

1. Ethnocentricity is the sum total of the beliefs that characterize human populations.
2. The volume of international trade in 1990 was $4 trillion.
3. Physical goods accounted for $8 trillion.
4. International trade has grown with world exports since 1980 with positive and negative consequences.
5. Sustaining business takes under consideration that managers should consider the network of tensions caused by competing internal and external demands that surrounds the business.
6. Various aspects of culture are interrelated.
7. One reason culture is important is that business managers must learn to live, work, and meet business goals in other cultures.
8. Emerging "product stewardship" shows companies accepting responsibility for impact of their activities.
9. The government protects from terrorism, cybercrime, and other threats.
10. There were 321 total incidents of maritime privacy incidents in 2017.
11. According to the text, there are four drivers that push companies to create international business and the drivers are:   Save inventory, employee skills abroad, location possibilities and an abundance in resources.
12. The percentage of global output for international trade is nearly 60%.
13. Each nation, according to the theory of absolute advantage suggests that under free, unregulated trade, should specialize in producing those goods can produce most efficiently based on naturally occurring endowments such as minerals.
14. One of the anthropologists E.T. Hall suggests that there are hundreds of ways managers can learn the characteristics of other cultures.
15. If a country has strict and tight accounting rules, it suggests that the culture has a low level of trust.
16. When the government contracts out military services, it is involved in privatization.
17. Some countries use sanctions to effect or force change.
18. Aesthetics in culture refers to the sense of behavior that is taught when children are young.
19. An example of a qualitative nontariff barrier is a quota.
20. North America, Latin America, Africa, and the Middle East proportion of world trade has decreased since 1983.
21. The largest exporter in the world is currently the United States.
22. Globalization has had a minimal effect on labor standards around the world.
23. International trade has stabilized and distributed across the world in other countries due to advancements in communication.
24. Uncontrollable forces are the external forces that management has no control over.
25. Adam Smith was motivated by political consideration when he first formed the international trade theory.
26. The purchase of stock in a firm to obtain significant management control is referred to as portfolio investment.
27. Uncontrollable forces are forces originating outside of the home country.
28. The specialization of goods and services as a way for a company to distinguish itself from others is the central idea that mercantilism is based.
29. Developed countries are responsible for two-thirds of the FDI.
30. Different leadership traits differ by cultures, but all agree that people need to be led and directed.
31. Some instances in business dealings, we tend to think when judging other cultural values is a self-reference criterion.
32. Research in cognitive psychology has revealed a strong connection between language and thinking.
33. International business managers do not have to learn characteristics of other cultures to adapt to them.
34. Attitudes and values toward change can influence acceptance of new production methods.
35. Managers must consider the network of tensions caused by competing internal and external demands.

B. Explain in brief to answer the following questions:

1. Discuss the arguments supporting and opposing globalization of trade and investment?
2. Discuss the international life cycle theory?
3. Describe how cultural learning programs, such as those advocated by E. T. Hall, can benefit international business managers.
4. Describe the shift toward renewable energy sources and provide examples.
5. Describe the four tools for measuring sustainability.