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

4. Managers with a(n) ________ attitude view every foreign operation as different and hard to understand. (A) geocentric (B) ethnocentric (C) polycentric (D) regiocentric

5. In today's global environment, managers must have a(n) ________ attitude in order to be successful. (A) parochial (B) ethnocentric (C) geocentric (D) bigoted

6. The ________ was formed by twelve original members with the primary motivation of reasserting the region's economic position against the United States and Japan. (A) Association of South-East Asian Nations (B) European Union (C) Central America Free Trade Agreement (D) African Union

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.

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

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

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.