11. The World Trade Organization evolved from which of the following?
(A) Marshall Plan
(B) General Agreement on Tariffs and Trade
(C) Mercosur
(D) Truman Doctrine

7. What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the United States and throughout the world? (A) The inability to trim benefits and free up labor markets prevents the region from spurring any significant growth over the next decade. (B) New measures by the European Commission to oversee banks and to monitor national budgets have been met with resistance by euro zone members. (C) The euro zone is a larger economic unit than the United States or China and is a major source of world demand for goods and services. (D) The massive debt in Greece has caused Europe to slide into a new recession.

8. Which of the following is currently under negotiation by 34 countries in the Western Hemisphere? (A) African Community (B) Mercosur (C) African Union (D) Free Trade Area of the Americas

9. Which of the following is a member of the Association of Southeast Asian Nations? (A) Japan (B) China (C) Myanmar (D) South Korea

10. Nepal belongs to which of the following regional trade alliances? (A) Association of Southeast Asian Nations (B) South Asian Association for Regional Cooperation (C) Asia-Pacific Economic Cooperation (D) Common Wealth of Independent States

12. The International Monetary Fund is an organization of ________ countries that promotes international monetary cooperation and provides member countries with policy advice, temporary loans, and technical assistance to establish and maintain financial stability and to strengthen economies. (A) 172 (B) 193 (C) 188 (D) 160

13. The forerunner of the Organization for Economic Cooperation and Development was the ________ that was formed in 1947 to administer American and Canadian aid under the Marshall Plan for the reconstruction of Europe after World War II. (A) Organization for European Investment (B) Organization for European Economic Cooperation (C) Organizational Council of Europe (D) Organization of European States

14. According to the text, which of the following is a typical definition of a multinational corporation? (A) It is a company that has multiple home bases and manufacturing plants. (B) It is a company that pays corporate taxes in at least two countries. (C) It is a company that maintains franchises in multiple countries. (D) It is a company that maintains operations in multiple countries.

15. Multidomestic corporations reflect the ________. (A) geocentric attitude (B) xenophobic attitude (C) ethnocentric attitude (D) polycentric attitude

16. Multidomestic corporations ________. (A) decentralize management and other decisions to the local country (B) maintain operations in multiple countries, but do not allow managers in each country to make their own decisions (C) attempt to replicate their domestic successes by managing foreign operations from the home country (D) reflect ethnocentric attitudes

17. Which of the following is the basic difference between multidomestic corporations and global companies? (A) Multidomestic corporations reflect an ethnocentric attitude, while global companies reflect a polycentric attitude. (B) Multidomestic corporations are run by global companies but must be owned by a local, national company. (C) Multidomestic corporations decentralize management to the local country, while global companies centralize management in the home country. (D) Multidomestic corporations typically do business with more countries than global companies.