Devry BUSN 427 Final Exam Latest

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2. Question 1.1.(TCO 1) For emerging nations, what is the level of income per capita where greater environmental protection causes pollutant levels to decline? (Points : 5) $2,500 $8,000 $15,500 $20,000 Question 2.2.(TCO 2) According to Francis Fukuyama, the collapse of communism in eastern Europe was followed by which of the following? (Points : 5) The new world order The end of history The universalization of Western democracy None of the above All of the above Question 3.3.(TCO 3) The values and norms of culture are determined by which of the following? (Points : 5) Religion News media

3. Freedom of travel Geography Question 4.4.(TCO 3) Which theory deals with competitive advantage for countries? (Points : 5) Herckscher-Ohlin Adam Smith’s Wealth of Nations Product Life-Cycle Theory The Leontief Paradox None of the above Question 5.5.(TCO 4) In the last 30 years, the world economy has seen (Points : 5) a marked increase in both the flow and stock of FDI. a slowing of FDI overall. FDI grow but more slowly than world trade. a shift away from free-market economies. Question 6.6.(TCO 5) Chile is included in which of the following regional integrations organizations? (Points : 5)

4. MERCCOSUR Andean Community NAFTA APEC None of the above Question 7.7.(TCO 6) When a firm engages in hedging it is (Points : 5) ensuring against a risk in the foreign exchange. violating a law on foreign speculations. in danger of violating the Foreign Corrupt Practices Act. investing in a hedge fund to maximize its return to shareholders. Page 2 Question 1. 1. (TCO 8) What are the various types of countertrade available? (Points : 10) Question 2. 2. (TCO 8) In distribution strategy, what are the four main differences between countries? (Points : 10) Question 3. 3. (TCO 3) Are the concerns of those opposing Turkey’s admittance to the European Union well-founded? Can Islam, capitalism, and globalization coexist? (Points : 20) Question 4. 4. (TCO 3) In 2006, two Chinese journalists reported that the working conditions at Hongfujin Precision Industries where Apple’s iPods are produced were substandard. According to the report, not only were workers at the plant poorly paid, but they were also forced to work overtime. Apple immediately responded to the allegations and audited the factory in question. However, managers at the factory filed a defamation lawsuit against the two journalists.Despite the fact that Apple’s audit did indeed show substandard working conditions at the factory,

5. Hongfujin did not withdraw the lawsuit. Eventually the Reporters Without Borders group took up the case for the two reporters and the lawsuit was dropped. Should Apple be responsible for ensuring that its suppliers are safeguarding the basic rights and dignity of its employees? How can Apple be sure that its suppliers do not employ sweatshop labor? (Points : 20) Question 5. 5. (TCO 3) Bangladesh, a very poor country, has been able to grow even during the most recent global recession thanks to its strong textile industry. Bangladesh, with its low wages, large investments in textile technology, and strong network of supporting industries is now one of the world’s lowest cost producers of textiles. The country has been able to capitalize on these advantages to increase its exports of textiles to $10.7 billion, up from $9.3 billion in 2007. How has Bangladesh benefitted from free trade and globalization? What did the end of the quota system mean for the country? (Points : 20) Question 6. 6. (TCO 4) Telefonica is a Spanish telecommunications firm. For decades, Telefonica had operated as a typical state-owned enterprise, but privatization and deregulation changed that path in the 1990s. Telefonica began to aggressively pursue expansion opportunities in Latin America where it quickly became the number one or two player in nearly every country. Later, Telefonica turned its sights on Europe where its acquisitions helped transform the company into the second biggest mobile phone operator in the world. What changes in political and economic environment allowed Telefoncia to start expanding globally? Why did Telefonica initially focus on Latin America? Why was it slower to expand in Europe even though Spain is a member of the European Union? (Points : 20) Question 7.7. (TCO 7) Why did the world shift from a gold standard to fixed exchange rates? (Points : 5) Gold is expensive to ship around the world. A more convenient means of financing world trade was needed. The volume of world trade increased. All of the above Page 3 Question 1. 1. (TCO 5) Under the North American Free Trade Agreement (NAFTA), Mexican truckers were to have been allowed to drive their trucks directly into the United States and avoid the costly and time-consuming border unloading and loading that took place prior to the

6. agreement. However, fearing job losses in the industry, the U.S. Teamsters Union rigorously opposed the legislation. Although the group ultimately lost its fight, the United States still did not give Mexican truckers freedom to deliver their goods, prompting Mexico to institute retaliatory measures affecting $2.4 billion of goods exported from the United States. Why did the United States respond to the concerns of the Teamsters? Why are those affected by Mexico’s retaliatory tariffs not lobbying congress for relief? Should the United States protect the Teamsters at the expense of agricultural exporters in California and Washington? (Points : 20) Question 2. 2. (TCO 6) In the 1980s, Caterpillar was negatively affected by a strong dollar and lost significant market share to Japanese competitor Komatsu. The situation prompted Caterpillar to revise its global strategy and by the 2000s, the company was in a much better position to deal with volatile currency values. More recently, a strong dollar has actually helped boost Caterpillar’s bottom line. In the 1980s, a stronger dollar hurt Caterpillar’s competitive position, but in 2008 a stronger dollar did not seem to have the same effect. What had changed? (Points : 20) Question 3. 3. (TCO 7) In 2008, oil prices reached new highs as a result of higher than expected demand, tight supplies, and perceived geopolitical risks. Because oil is priced in dollars, oil producers have seen their dollar reserves increase significantly. Now, speculation abounds as to what will happen to the petrodollars. Some believe that the dollars will go toward public infrastructure projects, others think that it is more likely that investments will be made in dollar denominated assets like U.S. bonds, stocks, and real estate, or in nondollar denominated assets such as European or Japanese bonds and stocks. With oil prices at record highs, there is significant speculation as to what oil producing states will do with the dollars they are earning. Discuss how a decision to invest in nondollar denominated assets could affect the value of the U.S.dollar. (Points : 30) Question 4. 4. (TCO 8) Vellus Products is a small company that produces personal care products for dogs. Vellus Products initially began exporting when a Taiwanese business placed an order for its dog shampoo. Since then, Vellus Products has expanded its export business and today, international sales account for about half its total sales. Vellus Products now sells in 28 countries around the world. Can other small companies learn from the experiences of Vellus Products? Reflect on the tips of Vellus Products’ founder Sharon Doherty for beginning the export process. (Points : 30)

7. Question 5. 5. (TCO 8) Boeing made the decision to outsource much of the production of the 787 in the hopes of significantly reducing the time to get the product to market. Boeing also anticipated that its outsourcing strategy would allow it to generate additional sales from the countries that were partners in the process and reduce its costs and risks.Although Boeing’s strategy worked for some components, for other parts the strategy was a disaster. Suppliers were late and some produced poor-quality parts, forcing Boeing to commit additional resources to the project. What are the benefits to Boeing of outsourcing so much work on the 787 to foreign suppliers? What are the potential risks? Do the benefits outweigh the risks? (Points : 30) Question 6. 6. (TCO 8) By 2015, Ford hopes to compete in North America, Europe, and Asia by offering several global models including the Fiesta, the Fusion, and the Mondeo. The company, which refers to its new strategy as One Ford, anticipates that its global models will share the same components and looks and be positioned in a similar way in each market in which they are sold. What is behind Ford’s One Ford vision? What is the company hoping to accomplish with this strategy? (Points : 30 Download File Now