business studies: global business are you smarter than a 5th grader
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Business Studies: Global Business Are You Smarter Than A 5th GraderTRANSCRIPT
Are You Smarter Than a 5th Grader? Topic 5
Global Business
Are You Smarter Than a 5th Grader? Topic 5
Global Business
Are You Smarter Than a 5th Grader?
Are You Smarter Than a 5th Grader?
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5th Grade Topic 15th Grade Topic 1 5th Grade Topic 2
4th Grade Topic 34th Grade Topic 3 4th Grade Topic 4
3rd Grade Topic 53rd Grade Topic 5 3rd Grade Topic 6
2nd Grade Topic 72nd Grade Topic 7 2nd Grade Topic 8
1st Grade Topic 91st Grade Topic 9 1st Grade Topic 10
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5th Grade Topic 1 Question 5th Grade Topic 1 Question Which of the following best describes
hedging?
(A) Using transfer pricing between subsidiaries
(B) Minimising the effects of the global business cycle
(C) Protecting against fluctuating exchange rates
(D) Reducing credit risks on international transactions
Which of the following best describes hedging?
(A) Using transfer pricing between subsidiaries
(B) Minimising the effects of the global business cycle
(C) Protecting against fluctuating exchange rates
(D) Reducing credit risks on international transactions
5th Grade Topic 1 Answer 5th Grade Topic 1 Answer
(C) Protecting against fluctuating exchange rates
(C) Protecting against fluctuating exchange rates
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5th Grade Topic 2 Question 5th Grade Topic 2 Question
Which of the following methods of payment represents the least level of risk for exporters?
(A) Bill of exchange(B) Letter of credit(C) Open account(D) Pre-payment
Which of the following methods of payment represents the least level of risk for exporters?
(A) Bill of exchange(B) Letter of credit(C) Open account(D) Pre-payment
5th Grade Topic 2 Answer 5th Grade Topic 2 Answer
(D) Pre-payment (D) Pre-payment
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4th Grade Topic 3 Question4th Grade Topic 3 QuestionWhich of the following is an example of transfer
pricing?
(A) The price charged by a company for a good or service provided to its subsidiaries
(B) A company selling its product at a minimum price to undercut a global competitor
(C) A company transferring the right to use its intellectual property to another company
(D) The profits gained from pricing by a company affected by international currency
fluctuations
Which of the following is an example of transfer pricing?
(A) The price charged by a company for a good or service provided to its subsidiaries
(B) A company selling its product at a minimum price to undercut a global competitor
(C) A company transferring the right to use its intellectual property to another company
(D) The profits gained from pricing by a company affected by international currency
fluctuations
4th Grade Topic 3 Answer4th Grade Topic 3 Answer
(A) The price charged by a company for a good or service provided to its subsidiaries
(A) The price charged by a company for a good or service provided to its subsidiaries
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4th Grade Topic 4 Question4th Grade Topic 4 QuestionConsumers across the world
recognise Coca-Cola as being a different product from Pepsi Cola. Which of the following explains this perception?
(A) Global web(B) Global branding(C) Standardised marketing(D) Differentiated marketing
Consumers across the world recognise Coca-Cola as being a different product from Pepsi Cola. Which of the following explains this perception?
(A) Global web(B) Global branding(C) Standardised marketing(D) Differentiated marketing
4th Grade Topic 4 Answer4th Grade Topic 4 Answer (B) Global branding (B) Global branding
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3rd Grade Topic 5 Question3rd Grade Topic 5 QuestionThe staff of an Australian-based company
have a range of ethnic backgrounds. The company has a program to educate its managers about the lifestyles of each nationality in its workforce. What is the company aiming to achieve through this program?
(A) A polycentric staffing system(B) An ethnocentric staffing system(C) The development of a global web(D) Management of cultural diversity
The staff of an Australian-based company have a range of ethnic backgrounds. The company has a program to educate its managers about the lifestyles of each nationality in its workforce. What is the company aiming to achieve through this program?
(A) A polycentric staffing system(B) An ethnocentric staffing system(C) The development of a global web(D) Management of cultural diversity
3rd Grade Topic 5 Answer 3rd Grade Topic 5 Answer
(D) Management of cultural diversity
(D) Management of cultural diversity
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3rd Grade Topic 6 Question3rd Grade Topic 6 QuestionA company has a number of
manufacturing locations in different countries to produce components of its final product.
Which of the following best describes this form of operation?
(A) Global branding(B) Global marketing(C) Global positioning(D) Global web
A company has a number of manufacturing locations in different countries to produce components of its final product.
Which of the following best describes this form of operation?
(A) Global branding(B) Global marketing(C) Global positioning(D) Global web
3rd Grade Topic 6 Answer3rd Grade Topic 6 Answer
(D) Global web(D) Global web
2nd Grade Topic 7 Question2nd Grade Topic 7 QuestionA–Z Rubber Products has decided to relocate its
manufacturing operations overseas because it is seeking an advantage by operating a larger manufacturing plant.
What is the reason for this decision to expand internationally?
(A) To minimise taxation(B) To gain economies of scale(C) To cushion the economic cycle(D) To take advantage of regulatory differences
A–Z Rubber Products has decided to relocate its manufacturing operations overseas because it is seeking an advantage by operating a larger manufacturing plant.
What is the reason for this decision to expand internationally?
(A) To minimise taxation(B) To gain economies of scale(C) To cushion the economic cycle(D) To take advantage of regulatory differences
2nd Grade Topic 7 Answer2nd Grade Topic 7 Answer
(B) To gain economies of scale(B) To gain economies of scale
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2nd Grade Topic 8 Question2nd Grade Topic 8 QuestionIn order to increase its capacity and efficiency,
Australian Clothing Manufacturers Ltd has recently purchased manufacturing facilities in Fiji.
Which method of international expansion has this company used?
(A) Export(B) Licensing(C) Management contract(D) Foreign direct investment
In order to increase its capacity and efficiency, Australian Clothing Manufacturers Ltd has recently purchased manufacturing facilities in Fiji.
Which method of international expansion has this company used?
(A) Export(B) Licensing(C) Management contract(D) Foreign direct investment
2nd Grade Topic 8 Answer2nd Grade Topic 8 Answer
(D) Foreign direct investment(D) Foreign direct investment
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1st Grade Topic 9 Question1st Grade Topic 9 Question
Which of the following is an example of responsible management in a global
environment?
(A) Clearing rainforests to grow crops for fast-food outlets
(B) Creating a tax-avoidance scheme to increase profits for shareholders
(C) Considering the employment practices of potential overseas suppliers
(D) Establishing production processes to increase employment without safety training
Which of the following is an example of responsible management in a global
environment?
(A) Clearing rainforests to grow crops for fast-food outlets
(B) Creating a tax-avoidance scheme to increase profits for shareholders
(C) Considering the employment practices of potential overseas suppliers
(D) Establishing production processes to increase employment without safety training
1st Grade Topic 9 Answer1st Grade Topic 9 Answer
(C) Considering the employment practices of potential overseas suppliers
(C) Considering the employment practices of potential overseas suppliers
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1st Grade Topic 10 Question1st Grade Topic 10 QuestionA clothing retailer places an order for goods
from an overseas supplier for delivery within one month. The retailer negotiates to pay the account at the exchange rate existing at the time the order is placed.
Which of the following is the retailer doing?
(A) Hedging(B) Factoring(C) Cushioning the economic cycle(D) Engaging in foreign direct investment
A clothing retailer places an order for goods from an overseas supplier for delivery within one month. The retailer negotiates to pay the account at the exchange rate existing at the time the order is placed.
Which of the following is the retailer doing?
(A) Hedging(B) Factoring(C) Cushioning the economic cycle(D) Engaging in foreign direct investment
1st Grade Topic 10 Answer 1st Grade Topic 10 Answer
(A) Hedging(A) Hedging
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Million Dollar QuestionGrade Level Topic 11
Million Dollar QuestionGrade Level Topic 11
1,000,000 Question1,000,000 QuestionWhat method could a business use to
expand internationally?
(A) Varying business practices and ethics (B) Acquiring resources to access
technological advances (C) Minimising competitive risk by
cushioning the economic cycle (D) Making an agreement to provide
technical expertise to an overseas business
What method could a business use to expand internationally?
(A) Varying business practices and ethics (B) Acquiring resources to access
technological advances (C) Minimising competitive risk by
cushioning the economic cycle (D) Making an agreement to provide
technical expertise to an overseas business
1,000,000 Answer 1,000,000 Answer
(D) Making an agreement to provide technical expertise to an overseas business
(D) Making an agreement to provide technical expertise to an overseas business
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