According to the World Trade Organization's report in March 2009, what was the pessimistic projection for the drop in global trade for that year?
Explanation
This question tests the reader's knowledge of a specific quantitative forecast mentioned in the chapter regarding the impact of the 2008-2009 recession on global trade.
Other questions
What is the term for the business culture concept in China that revolves around personal relations?
What is the term for countries imposing tariffs, taxes, and regulations on firms outside the country to favor their own companies and people?
What is the South Korean business concept that emphasizes harmony based on respect for hierarchical relationships and obedience to authority?
What was the average corporate tax rate among European Union countries as mentioned in the chapter?
In which country is it considered a serious insult to wave, particularly if the hand is near someone's face?
According to Indian law regarding foreign ownership of an India-based firm, what is the maximum ownership percentage allowed for foreign firms in some sectors?
What is a major reason provided in the chapter for why U.S. companies often enter into alliances, as contrasted with Asian and European firms?
What cultural difference is noted between U.S. managers and Asian managers regarding the use of silence in business settings?
In the context of international business, what is the defining characteristic of a 'global strategy'?
Which of the following is listed as a potential disadvantage for a firm engaging in international operations?
To what level did Germany cut its corporate tax rate in 2008 from its 2007 rate of 39 percent?
In the Mexican business culture, what is the typical employer-employee relationship described as?
What is the Japanese practice of 'nemaswashio'?
When China joined the World Trade Organization in 2001, under what condition could counterfeiters be criminally prosecuted for commercial piracy?
What is the primary difference in how Japanese marketing managers and many American marketing managers view a sale?
What is the average life expectancy in Japan, mentioned as the highest in the world in the chapter?
What is the general management style trend in Europe as one moves farther north on the continent?
What is the approximate percentage of the world's population that lives outside the United States?
Which of the following is NOT listed as an advantage of initiating or expanding international operations?
What percentage of Japanese men ages 60 to 64 work, according to the International Labor Organization?
In the context of communication differences, which nationality of executives often complains that American executives 'chatter too much'?
What is the primary characteristic of business meetings in Mexico as described in the chapter?
What is the typical lunch break arrangement in European firms as described in the chapter?
How many new cell phone customers are added in India every quarter, a rate comparable to China's?
What is the primary motivation for Japanese managers when evaluating alternative business decisions, according to the chapter?
Which of the following is NOT one of the cultural pitfalls listed in Table 11-1 that a manager should be aware of in international business?
What is India's government debt as a percentage of its GDP, as mentioned in the chapter?
What is the typical standing distance for Americans during business conversations, as contrasted with Arabs and Africans?
What is the term for a strategic process where decisions are made based on global profitability rather than just domestic considerations?
Which of the following is NOT one of the reasons listed that make international operations more complex than domestic operations?
What is Japan's huge national debt as a percentage of its gross domestic product (GDP)?
What is a common critique Japanese managers have of U.S. managers regarding their priorities?
In which country is it considered a cultural pitfall to fold your arms across your chest, as it is a sign of annoyance?
Which of the following is NOT a characteristic of Mexican business culture as described in the chapter?
By 2030, the number of working-age Japanese is projected to shrink from 82 million in 2009 to what number?
What is a key difference noted between U.S. firms and their foreign counterparts when they form joint ventures or partnerships?
In the context of the global challenge for U.S. business, which two industries are mentioned as NOT yet being greatly challenged by foreign competitors?
What is the primary reason given for why most domestic firms are engaging in global operations?
What percentage of working-age men (ages 60 to 64) in France are employed, according to the International Labor Organization?
In the Japanese business culture, what is the appropriate setting for discussions that are potentially disruptive to the group's harmony (Wa)?
What is the global challenge faced by U.S. business described as being 'twofold'?
Which country is noted for having a workforce where guaranteed permanent employment is typically part of the employment contract?
What is the common perception of Americans using first names instantly in business dealings with foreigners?
In which country do people consider it good manners to leave some food on your plate to show the host was generous?
What is the average corporate tax rate in the Asia-Pacific region, as stated in the chapter?
Which of the following describes the riskiest possible posture for a firm in an industry that is, or is rapidly becoming, global?
In which country is it considered a cultural pitfall to touch your thumb and first finger in an 'Okay' sign, as it is the equivalent of raising your middle finger?
Why do many joint ventures among firms in India and foreign firms fail, according to the chapter?
What is the primary difference in how U.S. culture and many foreign cultures value time versus relationships in business?