1.According to the Foreign Corrupt Practices Act, which is statement is INCORRECT?

Group of answer choices

a.Because Puerto Rico is not a voting territory of the United States, the FCPA is not recognized as a legal and binding law.

b..Corporations are required to make and keep books and records that accurately reflect the transactions of the corportion and maintain a proper accounting control system.

c.The FCPA was enacted to prevent people and companies from bribing foreign government officials in obtaining or retaining business.

d.As of 1998, the FCPA law can also be applied to foreign firms and people who make "corrupt payments" within the territory of the United States.

2.All of the following statements about "Fair Trade" is correct EXCEPT:

Group of answer choices

a.The "Fair Trade" prices is the minimum prices that importers must pay to producers.

b.The World Trade Organization monitors fair trade floor prices and changes it from time to time consider the cost of production.

c.When the market price is higher than the minimum prices, the buyer must pay the higher price.

d.The "Fair Trade" price policy stiputates that its unfair to pay market prices to producers in developing countries if the price is too low that it does not provide at least the cost of production.

3.The Paris Agreement is all of the following EXCEPT:

Group of answer choices

a.The Paris Agreement long-term horizons are nationally determined contribution and are NOT mandatory.

b.Implementation of the Paris Agreement requires political diplomacy based on economic power among the highest income earnings of the world.

c.The long term strategy of the Paris Agreement is to lower greenhouse gas emission.

d.The Paris Agreement works on a 5-year cycle with the initial meeting in 2020. The next one is scheduled for 2025.

4.The drivers to globalization include all EXCEPT:

.Group of answer choices

a..Technological Advances

b.Political Incentives or Disincentives

c.Social Impact

dLower Cost Savings

5.Which is NOT an example of International Business?

Group of answer choices

a.Apple Inc, non-US sales at 67% in 2021, Q2.

b.Mercedes Benz China sales 2021 = 598,204 vehicles

cMorgan Stanley Offices repatriating back to the country origin.

d.Walmart operates 10,500 stors and clubs in 24 countries.

6.According to the World Economic Forum, we are all of the following EXCEPT:

Group of answer choices

a..We are in the era of "Globalization 5.0"

b.It was in the first wave, that Argentina entered its first golden age as they were able to export beef in "reefer ships" in the late 1870's.

c.The first wave of globalization ended at the start of the WWI.

d.In the second and third wave of globalization, trade grew to a third of the US economy and over half of the world's economy.

7.Re: World Economic Forum

According to ancient history, which of the following is NOT true?

Group of answer choices

a.Ancient China's main export were silk and spices.

b.Alibaba's offices are in the Silk Road Headquarters of Xi'An.

c.Beijing is credited as the start of the Old Silk Road that connected China to the rest of the world.

d.In ancient days, luxury products from China appeared in Rome.

8.From Chapter 1 of your book, Levitt states the "The multinational operates in a number of countries and adjust its products and processes in each, at a high relative cost. The global corporation operates with resolute constancy... it sells the same things in the same way everywhere".

What can you fully surmise from this statement?

Group of answer choices

1.Multinational corporations will reach a level of efficiency that they will evolve to become global and sell the same things in the same way in every country.

2.There's no advantage to multinational corporations.

3.Companies should immediately start their companies as a global business.

4.The step from multinational to global is quick and easy.

9.According to Thomas Friedman in your Chapter 1, what flattened the world?

Group of answer choices

a.The Internet

b.Multiple forms of knowledge sharing and work

c.Media

d.Transportation

10.The negative effects of globalization include all EXCEPT:

Group of answer choices

a.Bottom of the Pyramid approach to globalization

b.Human rights violations including child labor laws and relaxed labor standards

c.Pollution, Climate Change, Global Warming

d.Fair Trade

11.According to the World Economic Forum's "The History of Globalization", it is widely acknowledged that these four nations led the Age of Discovery or exploration from the 15th thru the 17th centuries.

Group of answer choices

a.England, The USA, China and France

b.England, The Netherlands, Portugal and Spain

c.Brazil, Russia, Indian and China (BRIC countries)

d.Germany, France, England and Spain

12.According to the discussion in Chapter One, two nations are leading Globalization 4.0.

Group of answer choices

a.USA and China

b.France and Spain

c.India and China

d.UK and Germany

13.What are the main forces of globalization?

Group of answer choices

a;Technology, politics, economics, social

b.Money, war, political pressure.

c.Free time, necessity, travel.

d.Race, ethnic issues, travel availability

14Morgan Stanley is moving jobs overseas. The US bank set out a plan to cut costs back in January, and CEO James Gorman said at the time that "too many employees" were based in high-cost centers. "Now is the time to tackle head-on our infrastructure costs," he said."We said we were going to deploy 1250 people into our lower cost centers of excellence in Mumbai and other parts of the world," he said. "We have had about 450 jobs that we've put in those centers so far." Morgan Stanley isn't the only bank pulling this move.UBS has a plan to move about 2,500 jobs tolow-cost locationssuch as Poland, India, China, and Nashville, Tennessee, over the next year.

Based on the above reading, what is driving US banks to move operations to places like Mumbay?

Group of answer choices

a.Pursuit of cost savings by lowering the COGS (cost of goods sold).

b.Better understanding of Indian consumer

c.Better growth projection

d.Better leveraging of overseas expertise

15.According to the World Economic Forum, which of the following statements is true about the waves of globalization?

Group of answer choices

a.The third and curent phase of globalizatin began around the year 2000 and the world shrunk from size medium to small.

b.Globalization 2.0, which began in the 2000 "was spearheaded by companies globalizing for markets, for labor, and for resources." The activities related to this phase further broke down the barriers of international borders, trade, and cross-cultural connections.

c.Globalization 2.0, which lasted from 1492 to the 1800s saw transportation technologies, colonial projects, and geographic know-how "shrunk the world" in terms of geographical reach.

d.Globalization 1.0, which started when Columbus discovered America paved the way for sustained international trade. During this period, the main agent of globalization was the nation-state globalizing for empire, resources and power.

16.Keurig Green Mountain Inc said last December it was shifting its coffee buying operation to Lausanne, Switzerland from its headquarters in Waterbury, Vermont. It said the move would establish the company as a "global beverage player." In internal presentations, Keurig said the move was aimed at expanding into the European market and gaining access to Switzerland's talent pool of coffee traders, one source familiar with the transition told Reuters. But as the move took shape, it became clear that tax savings were a key part of the plan, the person said. Accountants and professors specializing in taxation told Reuters that Keurig ispositioned to benefit from the 1970s-era exemption forcommoditiestrading.

By moving coffee buying, Keurig can also shift some income to Lausanne, where the tax rate is less than 10 percent. In Vermont, it faces a U.S. federalcorporate income tax rate of up to 35 percent, and a state tax rate of up to8.5 percent. Keurig has previously said a small number of staff would move from the United States to Switzerland, but it has declined to be specific about how many positions will be eliminated in Vermont, telling local media it will be fewer than 100.Keurig Trading has been hiring several buyers in Switzerland from Swisscommoditiestraders.

What is the real motivation behind moving buying operations to Switzerland?

Group of answer choices

a.To take advantage of globalized supply of coffee beans

b.To gain knowledge from coffee traders

c.To take advantage of globalzed capital market, focusing on taxation

d.To take advantage of global expansian and more markets