Deck 11: The Asia Pacific Region

Question 1

Hong Kong's colonial past guarantees that it has a high degree of autonomy.

Answer 1

False
Explanation: The Basic Law of the Hong Kong special administrative region (SAR) forms the legal basis for China's "one country, two systems" agreement that guarantees Hong Kong a high degree of autonomy.

Question 2

The term "The Greater China" refers to the People's Republic of China (PRC).

Answer 2

False
Explanation: The term "The Greater China" refers to both the People's Republic of China (PRC) and the Republic of China (ROC) or Taiwan.

Question 3

In Japan, lack of a common goal can be a problem.

Answer 3

True
Explanation: Perhaps more than any other society, the Japanese have an affinity for united effort. They seem inspired by common striving toward a common goal. Lack of one can present a problem.

Question 4

The Asian financial crisis led to the creation of the ASEAN+3.

Question 5

According to
C. K. Prahalad and his associates introduced a new concept into the discussion of developing countries and markets- bottom-of-the-pyramid markets (BOPMs)-consisting of the 4 billion people across the globe with annual incomes of less than $1,200.
C. K. Prahalad, the global market consisting of the 4 billion people across the globe with annual incomes of less than $1,200 is termed subsistence market.

Question 6

The sector that was hit the hardest during the Japanese recession was the real estate sector.

Question 7

The region of Shenzhen was designated as China's first Special Economic Zone.

Question 8

The two major events that had a profound impact on China's economy were: the global recession that started in 2008 and the 2008 Olympics Games that were held there.

Question 9

China is now the biggest market for personal computers.

Question 10

Owing to the deeply corrupt system, most of the foreign investors in India are leaving for other countries or pulling the money back to their home country.

Question 11

According to analysts, Japan's long entrenched Liberal Democratic Political party was one of the reasons for the Japanese crisis.
#1: The country's long entrenched Liberal Democratic Political Party.
#2: The hidebound Japanese bureaucracy.

Question 12

The U.S. has granted NTR (normal trade relations) to Vietnam.

Question 13

One of Japan's advantages over other countries is its language; the syntax of the Japanese language is similar to that of certain programming languages.

Question 14

A major issue that China has to address in its path to economic growth is human rights.

Question 15

The Hong Kong dollar is fully convertible.

Question 16

It is more convenient to think of China as a group of regions rather than a single country.

Question 17

According to Frank Gibney, Japan has become victim to the political vice of "neighborhood sickness."

Question 18

The peculiar feature of the recession that affected Japan in the 90s was the extraordinarily high inflation it gave rise to.

Question 19

The primary multinational trade group in Asia is APEC.

Question 20

The Four Asian Tigers are: China, Thailand, India, and Vietnam.

Question 21

All of the following are true regarding Hong Kong EXCEPT that:

A) Hong Kong became a special administrative region (SAR) of the People's Republic of China in 1944.
B) the Basic Law of the Hong Kong SAR forms the legal basis for China's "one country, two systems" agreement.
C) the Basic Law of the Hong Kong SAR guarantees Hong Kong a high degree of autonomy.
D) the Hong Kong government negotiates bilateral agreements and makes major economic decisions on its own.
E) the central government in Beijing is responsible only for foreign affairs and defense of the SAR.

Question 22

As they were the closest to foreign influences, negotiators in Taiwan are considered to be the most liberal.

Question 23

Two major events that occurred in 2000 are having a profound effect on China's economy. One of these is the United States' granting normal trade relations (NTR) to China on a permanent basis (PNTR). Which of the following is the other one?

A) Inclusion in the board of the World Bank
B) Admission to the World Trade Organization
C) Signing of the new ASEAN pact
D) The handover of Honk Kong from the British to China
E) Inclusion of Hong Kong as a special administrative region (SAR) of China

Question 24

According to their southern neighbors, businesspeople in the Northeast of China are forthright.

Question 25

According to the text, which of the following are the two important steps China has to take if the road to economic growth is to be smooth?

A) Increasing export barriers and promoting indigenous technology
B) Evolving into a democracy and inviting more foreign capital
C) Investing in more developing countries and changing the education system
D) Membership in more regional trade blocs and lowering of entry barriers
E) Improving human rights and reforming the legal system

Question 26

Which of the following was instrumental in decreasing the historical tension between People's Republic of China (PRC) and the Republic of China (ROC)?

A) U.N. negotiations
B) Inclusion of both countries in the Security Council
C) Increase in direct trade
D) American military involvement in peacekeeping
E) ASEAN dictates overruling former hostilities between member nations

Question 27

Which of the following is the term used to refer to both the People's Republic of China (PRC) and the Republic of China (ROC) or Taiwan?

A) Integrated China
B) The Yellow Route
C) Neo China
D) Mainland China
E) Greater China

Question 28

IBM entered into a venture with the Railways Ministry that allowed IBM to set up a national network of IBM service centers in railway stations that has enabled IBM to ship computer parts via the railroad around the country within 24 hours. This venture was dubbed the ____.

A) Blue Connect
B) China Express
C) China Blue
D) Blue Express
E) China Connect

Question 29

Negotiators in Taiwan are known for their efforts to impress you in ways and to extents you won't see anywhere else in China.

Question 30

What are the particular cultural hurdles, the overcoming of which can transform China into a vast market in the long run?

A) Rigid hierarchy and male chauvinism
B) Thrift and xenophobia
C) Language barrier and stereotyping
D) Ritualism and ethnocentrism
E) Gender divide and narcissism

Question 31

Which of the following is NOT one of the theories explaining the persistence of stagnation in Japan in the 1990s?

A) Faulty economic policies
B) Inept political apparatus
C) Aggressive competition, especially from East Asian economies
D) Disadvantages due to global circumstances
E) Cultural inhibitions

Question 32

The central government spends almost 50 percent of its budget for the rural poor who amount to almost three-fourths of the Chinese population.

Question 33

What is the tenet that China follows to ensure that Hong Kong's exuberant capitalism is retained despite the communist leanings of mainland China?

A) Free Trade Area of the country
B) Sovereignty of the provinces
C) Federalism
D) Unity in diversity
E) One country, two systems

Question 34

Which of the following represent the "three direct links" leading to the establishment of One China?

A) Transportation, trade, and communications
B) Culture, language, and religion
C) History, language, and transportation
D) Federal bodies, education, and trade
E) Technology, natural resources, and people

Question 35

In the 1970s, Frank Gibney had called Japan The Fragile Superpower, which was confirmed with the crisis of the 1990s. In his new appraisal, Gibney writes that Japan has become the victim of:

A) neighborhood sickness.
B) political correctness.
C) being penny-wise and pound-foolish.
D) herd behavior.
E) one-party sickness.

Question 36

Which of the following is the biggest threat for the fast pace of growth China is experiencing?

A) Increased opening of the market to foreign investments
B) Trade isolation by other ASEAN countries
C) Losing the permanent normal trade relations (PNTR) status conferred by the U.S.
D) India and other Asian countries doubling their development efforts
E) Economic volatility that accompanies fast growth

Question 37

Immediately after World War II, a shattered Japanese nation arrived at a consensus goal for national recovery. That consensual goal provided the incentive for its spectacular progress, decade after decade. Then during the late 1980s, the Japanese people stepped back and looked around at their manifest achievement. It was easy to conclude they had reached their coveted goal. So the question for them became, "all right, what's next?" This theory tries to explain the Japanese crisis of the 90's. Which of the following theory are we talking about?

A) The Cultural Causation theory
B) The Power Shift theory
C) The Third Way theory
D) The Hybridity theory
E) The Cultural Capital theory

Question 38

Which of the following out-of-control factor explains Japan's end-of-the-century economic problems?

A) The deeply-rooted bureaucratic structure
B) The rise in global oil prices
C) The complex Japanese language
D) The growing fiscal deficit
E) The burgeoning population

Question 39

Political explanations of Japan's crisis during the 1990s identified two villains. One of them was the powerful Japanese bureaucracy. Which of the following is the other one?

A) Japan's trade policies with the U.S.
B) Japan's refusal to join Asian trade blocs
C) The powerful influence of the royalty in political issues
D) The long entrenched Liberal Democratic Political Party
E) The splintering of most of Japan's right-wing political parties

Question 40

Negotiators from the Beijing area are known for their unusual bureaucratic sloth and imperialist perspective.

Question 41

The primary multinational trade group in Asia is _____.

A) NAFTA
B) COMESA
C) CEFTA
D) SADC
E) ASEAN

Question 42

According to C. K. Prahalad, which of the following represents the misconception that leads international markets to ignore the bottom-of-the-pyramid markets?

A) Most products will not be appropriate for BOPMs.
B) Most BOPMs are geographically isolated and thus difficult to access.
C) Protective policies make BOPMs difficult to penetrate.
D) Exchange-rate fluctuations make BOPMs very volatile.
E) Language and cultural barriers make BOPMs unattractive and sometimes hostile.

Question 43

According to C. K. Prahalad, consumers in the bottom-of-the-pyramid markets have been relatively ignored by international marketers because of misconceptions about their:

A) willingness to buy international products.
B) buying habits.
C) expectations from the product.
D) lack of resources.
E) traditions and culture.

Question 44

C. K. Prahalad and associates introduced the concept of a global market, not necessarily defined by national borders but rather by the pockets of poverty across countries, and consisting of 4 billion people across the globe with annual incomes of less than $1,200. These consumers, concentrated in the LDCs and LLDCs, are referred to as _____ markets.

A) subsistence
B) third-world
C) underdeveloped
D) bottom-of-the-pyramid
E) peripheral

Question 45

The national language of China is standard _____ but more than 56 dialects and other languages are spoken across the country.

A) Wu
B) Min
C) Hakka
D) Xiang
E) Mandarin

Question 46

One result of the Asian financial crisis of 1997 to 1998 was the creation of ____.

A) SADC
B) NAFTA
C) ASEAN+3
D) CEFTA
E) COMESA

Question 47

Which of the following regions is most likely to be considered as the information technology (IT) corridor in north China?

A) The coastal Dalian city
B) Beijing-Tianjin
C) The Yangtze River Delta
D) The Pearl River Delta
E) Fujian

Question 48

ASEAN+3 is a forum for ASEAN ministers plus ministers from China, Japan, and ____.

A) the United States
B) South Korea
C) Russia
D) Australia
E) New Zealand

Question 49

Which of the following is NOT one of the Four Asian Tigers?

A) Hong Kong
B) Thailand
C) South Korea
D) Singapore
E) Taiwan

Question 50

The most rapidly growing economies in the Asian region during the 1980s and 1990s were sometimes referred to as the Four Asian Tigers or the Four ____.

A) Lions
B) Elephants
C) Dragons
D) Horses
E) Swans

Question 51

C. K. Prahalad and his associates introduced a new concept into the discussion of developing countries and markets- bottom-of-the-pyramid markets (BOPMs) 23 -consisting of the 4 billion people across the globe with annual incomes of less than ____.

A) $400
B) $1,200
C) $2500
D) $3700
E) $4200

Question 52

Grameen Bank is a private commercial enterprise in ____.

A) Bangladesh
B) China
C) Japan
D) Sri Lanka
E) South Korea

Question 53

The Four Asian Tigers were the first countries in Asia, after ____, to move from a status of developing countries to newly industrialized countries.

A) Bhutan
B) Japan
C) India
D) Indonesia
E) Kuwait

Question 54

According to the text, in China, which of the following can cause some problems for television and radio advertisers in the country that print media can usually avoid?

A) Low levels of television and radio penetration
B) Cultural diversity
C) Lack of common language
D) Stringent laws governing the television and radio advertisements
E) High cost of advertising on television and radio

Question 55

_____ is now Japan's most important trading partner.

A) Malaysia
B) The United States
C) Bangladesh
D) Bahrain
E) China

Question 56

____, Jilin, and Heilongjiang have long represented a cohesive unit in terms of culture and the political economy. The three are referred to as dongbei, meaning Northeast, or dong sansheng, meaning Northeastern Three Provinces, instead of identifying each province individually.

A) Gansu
B) Shanxi
C) Henan
D) Liaoning
E) Sichuan

Question 57

The first meeting of the members of the ASEAN+3 was devoted to devising a system whereby the member countries could ____.

A) defend their currencies against future attack
B) improve the multilateral trade
C) keep the inflation under check
D) acquire the nuclear technology
E) improve agricultural production

Question 58

_____ contains Hong Kong, Macau, Guangzhou, and Shenzhen and it is considered as the world's manufacturing base for the IT industry.

A) Northeast China
B) The Yellow River Delta
C) The Yangtze River Delta
D) The Pearl River Delta
E) Southwest China

Question 59

Which of the following explains why most of the companies with Indian operations are saying that they are not leaving, but planning on expanding their Indian operations?

A) Government machinery is one of the most efficient in the world.
B) Living standards for expatriates are comparable to the world's best.
C) Qualified labor is cheap, and the market potential is massive.
D) Proximity to China makes sourcing of parts easier.
E) Paying bribes simplifies otherwise complex procedural hurdles.

Question 60

According to the text, which of the following is perhaps the best way to stimulate economic development and growth from within developing countries?

A) Improving literacy rates
B) Stabilizing the currency exchange rates
C) Providing free medical services to poor people
D) Reducing inflation levels
E) Encouraging entrepreneurial activities

Question 61

Almost all the Chinese you deal with in _____ will be bilingual and speak at least English fluently.

A) Hong Kong
B) Mainland China
C) Beijing
D) Shanghai
E) Taiwan

Question 62

The true consumer market in China is probably limited to no more than _____ percent of those who live in the more affluent cities.

A) 9
B) 15
C) 25
D) 33
E) 48

Question 63

Which of the following was designated China's first Special Economic Zone?

A) Shanghai
B) Honk Kong
C) Taiwan
D) Beijing
E) Shenzen

Question 64

This region in China includes three cities of over 5 million inhabitants (Hong Kong, Guangzhou, and Shenzhen); five cities with more than 1 million inhabitants (Zhuhai, Huizhou, Foshan, Zhongshan, and Dongguan); and a number of cities that each contain approximately half a million inhabitants, such as Macau. Identify the region.

A) Shanghai
B) Northeast China
C) Yangtze River Delta
D) The Greater Pearl River area
E) Mainland China

Question 65

The Chinese in this area are less calculating than folks in Shanghai. But they are excellent traders and particularly interested in making short-term gains. These negotiators belong to:

A) Taiwan
B) The Pearl River Delta
C) Beijing
D) Shanghai
E) Mainland China

Question 66

Which of the following characterizes negotiators from the Beijing area?

A) Traditional thought pattern
B) Bureaucratic sloth
C) Forthrightness
D) Shrewdness
E) Entrepreneurship

Question 67

Half of Shanghai's GDP is derived from which of the following industries?

A) Financial services
B) Steel
C) Electronic products
D) Shipping
E) Software

Question 68

What are negotiators from the Shanghai area famous for?

A) Shrewdness
B) Forthrightness
C) Entrepreneurship
D) Out-of-the-box thinking
E) Bureaucratic sloth

Question 69

_____ is the capital of China.

A) Chongqing
B) Beijing
C) Taipei
D) Changchun
E) Kunming

Question 70

Managers in this part of China are known to be simultaneously down-to-earth and practical but on occasion daring.

A) Hong Kong
B) Mainland China
C) Taiwan
D) Shanghai
E) Beijing

Question 71

_____ is China's third largest industrial city after Shanghai and Beijing, but it is also the fastest growing one.

A) Wuhan
B) Chengdu
C) Qingdao
D) Tianjin
E) Kaohsiung

Question 72

Describe Greater China.

Question 73

Which part of China is considered conservative in both behavior and language?

A) Hong Kong
B) Mainland China
C) Beijing
D) Shanghai
E) Taiwan

Question 74

This region in China is the political and R&D center of China. The 75-mile corridor in this region hosts some 5,000 Chinese high-tech companies, and more than 1,000 international IT companies. Perhaps the key to this region is the quality of its higher education. Identify the region in discussion.

A) The coastal Dalian city
B) The Pearl River Delta
C) The Yangtze River Delta
D) Beijing-Tianjin
E) Fujian

Question 75

As they have been the closest to foreign influences, negotiators from this part of China are famous for their special forms of entrepreneurship and spontaneity. Identify the region.

A) Taiwan
B) Mainland China
C) Beijing
D) Shanghai
E) The Pearl River Delta

Question 76

The rural population, which accounts for almost three-fourths of the Chinese population, usually receives about _____ percent of the central government budget.

A) 10
B) 25
C) 30
D) 45
E) 55

Question 77

Which of the following is NOT true of the marketing opportunities in Greater China?

A) Rich municipalities like Beijing and Shanghai are quite comparable to Paris, New York, or Tokyo.
B) Some municipalities are large and rich enough to be thought of as "more-developed countries."
C) As in the United States, luxury cars sell better on the coast, and trucks sell better in rural areas of the west.
D) Some of the rural areas might be labeled "least-developed countries."
E) Just like in the U.S., the same lines of cosmetics or shampoos are sold nationwide.

Question 78

Which of the following is the stereotype of businesspeople in the Northeast?

A) Loud and argumentative
B) Cold and businesslike
C) Aggression
D) Simplicity
E) Forthrightness

Question 79

Which of the following is the reason why most of the 1.3 billion potential consumers are not accessible?

A) Most of them are in Mainland China where entry is prohibited.
B) The distribution network is poor or is absent.
C) These are mostly Communist party members who are prohibited from dealing with MNC brands.
D) They are restricted to settlement zones where marketing is prohibited.
E) They are unfamiliar with the English language.

Question 80

_____ is known as China's Silicon Valley.

A) Liaoning
B) Zhongguancun
C) Jilin
D) Guangzhou
E) Heilongjiang