Question 1

Consider the following activities to determine which one is not a function of the International Monetary Fund.
A)foster international monetary cooperation
B)regulate trade among participating countries
C)secure financial stability
D)facilitate international trade
E)reduce poverty around the world

Accepted Answer

The International Monetary Fund (IMF) does not regulate trade among participating countries; this is more in the purview of the World Trade Organization (WTO). The IMF focuses on monetary cooperation, financial stability, facilitating international trade, and poverty reduction.

Question 2

During the economic recession that began in December 2007, Americans reduced their overall charitable giving by approximately
A)2 percent.
B)10 percent.
C)20 percent.
D)50 percent.
E)70 percent.

Accepted Answer

During the economic recession that began in December 2007, Americans reduced their overall charitable giving by approximately 10 percent. This downturn in giving was a reflection of the broader economic challenges faced by many individuals and families during this period.

Question 3

When it comes to marketing for nonprofit organizations, what obstacle must marketers overcome?
A)They must emphasize the services provided to donors in a unique way in order to secure donations.
B)They must figure out a way to eliminate individual donations and instead secure more federal funds.
C)They must convince donors to support the mission of the organization without receiving any direct benefit.
D)They must create a tangible product that donors will want to have.

Accepted Answer

Nonprofit marketing often involves convincing donors to support the mission of the organization without expecting any direct benefit in return, unlike traditional consumer marketing where the focus is on the benefits or value the consumer receives.

Question 4

Which country belonging to the DR-CAFTA trade agreement has the largest economy?
A)Costa Rica
B)Nicaragua
C)El Salvador
D)Honduras
E)Dominican Republic

Accepted Answer

The answer of Which country belonging to the DR-CAFTA trade...

Question 5

What country joined the Central America Free Trade Agreement in 2004?
A)Dominican Republic
B)Brazil
C)Cuba
D)the United States
E)Mexico

Accepted Answer

The United States joined the Central America Free Trade Agreement in 2004.

Question 6

When marketers use social media to increase awareness and enhance relationships with donors, they are responding to which type of external force in the marketing environment?
A)demographics
B)economic
C)legal
D)sociocultural
E)technological

Accepted Answer

The answer of When marketers use social media to increase...

Question 7

Which acronym stands for the international organization that regulates trade among participating countries and helps importers and exporters conduct their business?
A)IMF
B)NATO
C)CAFTA
D)NAFTA
E)WTO

Accepted Answer

The answer of Which acronym stands for the international organization...

Question 8

If a domestic firm makes the mistake of believing that foreign consumers want exactly the same products that are sold in the United States, then that firm is most likely ignoring the importance of
A)consumer ethnocentrism.
B)demographics.
C)environmental scanning.
D)cultural fit.
E)consumer confidence.

Accepted Answer

The answer of If a domestic firm makes the mistake...

Question 9

The International Monetary Fund was particularly important when it was first created because it helped stabilize the world's economic system following
A)World War I.
B)World War II.
C)the Great Depression.
D)the breakup of the Soviet Union.
E)the creation of the European Union.

Accepted Answer

The answer of The International Monetary Fund was particularly important...

Question 10

In 2003, when France refused to join the U.S. military operation in Iraq, many U.S. consumers refused to eat french fries, so clever marketers renamed them freedom fries. What obstacle were these marketers trying to overcome?
A)cultural fit
B)consumer ethnocentrism
C)sociocultural bias
D)xenophobia
E)foreign boycott

Accepted Answer

The answer of In 2003, when France refused to join...

Question 11

How many countries were members of the IMF?
A)59
B)86
C)112
D)188
E)210

Accepted Answer

The answer of How many countries were members of the...

Question 12

A belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services is known as
A)cultural fit.
B)xenophobia.
C)consumer ethnocentrism.
D)sociocultural bias.
E)international protectionism.

Accepted Answer

The answer of A belief by residents of a country...

Question 13

Which statement accurately describes the nonprofit competitive environment?
A)The competitive environment for nonprofit funding has increased dramatically in recent years.
B)Nonprofits do not see a decline in donations during economic recessions.
C)Nonprofit marketers are not impacted by external marketing factors.
D)Because they do not operate for a profit, nonprofit organizations do not need to engage in environmental scanning.
E)The competitive environment for nonprofit funding has decreased dramatically in recent years.

Accepted Answer

The answer of Which statement accurately describes the nonprofit competitive...

Question 14

As noted in your text, from a political standpoint, which industry was hit particularly hard due to the recession that began in late 2007?
A)the banking industry
B)public universities
C)auto manufacturing
D)the entertainment industry
E)the food service industry

Accepted Answer

The answer of As noted in your text, from a...

Question 15

Consider the following statements to determine which one accurately describes the concept of consumer ethnocentrism.
A)a belief that the world's goods and services should be distributed fairly by all nations
B)a belief by residents of a country that the goods and services they produce are superior to that of other countries
C)a measure of how optimistic consumers are about the overall state of the economy and their own personal finances
D)a measure of the amount of goods and services that can be purchased based on the currency exchange rate
E)a belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods or services

Accepted Answer

A belief by residents of a country that the goods and services they produce are superior to that of other countries

Question 16

What U.S. corporation was criticized when it created an in-store ad for some European stores that showed a Hindu goddess atop a ham sandwich with the caption, a snack that is sacred?
A)McDonald's
B)Burger King
C)Wendy's
D)Subway
E)Denny's

Accepted Answer

The answer of What U.S. corporation was criticized when it...

Question 17

Which organization was formed in 1995, is headquartered in Geneva, Switzerland, and with its 162 members represents more than 97 percent of the world's population?
A)WTO
B)NATO
C)UN
D)NAFTA
E)IMF

Accepted Answer

The answer of Which organization was formed in 1995, is...

Question 18

Which entity generated an estimated 16 percent share of the global gross domestic product, making it the largest economy in the world in 2018?
A)the United States
B)China
C)the Central American countries of DR-CAFTA
D)the European Union
E)the North American countries of NAFTA

Accepted Answer

The answer of Which entity generated an estimated 16 percent...

Question 19

What are the three sources of funding that nonprofit organizations rely on?
A)federal funds, state funds, and individual donations
B)grants, federal funds, and individual donations
C)grants, special events, and individual donations
D)special events, corporate sponsorships, and individual donations
E)grants, advertising revenue, and individual donations

Accepted Answer

The answer of What are the three sources of funding...

Question 20

We can see technology is being used in the global marketing environment through
A)the use of translation programs, which allows customers to view websites in their own language.
B)companies advertising in both domestic and international publications.
C)countries joining free trade agreements to facilitate the import and export of products.
D)corporations that directly invest in foreign countries by opening satellite facilities overseas.
E)companies outsourcing various functions such as customer service call centers to other countries.

Accepted Answer

The answer of We can see technology is being used...

Quiz 3: The Global Environment

Consider the following activities to determine which one is not a function of the International Monetary Fund.

During the economic recession that began in December 2007, Americans reduced their overall charitable giving by approximately

When it comes to marketing for nonprofit organizations, what obstacle must marketers overcome?

Which country belonging to the DR-CAFTA trade agreement has the largest economy?

What country joined the Central America Free Trade Agreement in 2004?

When marketers use social media to increase awareness and enhance relationships with donors, they are responding to which type of external force in the marketing environment?

Which acronym stands for the international organization that regulates trade among participating countries and helps importers and exporters conduct their business?

If a domestic firm makes the mistake of believing that foreign consumers want exactly the same products that are sold in the United States, then that firm is most likely ignoring the importance of

The International Monetary Fund was particularly important when it was first created because it helped stabilize the world's economic system following

In 2003, when France refused to join the U.S. military operation in Iraq, many U.S. consumers refused to eat french fries, so clever marketers renamed them freedom fries. What obstacle were these marketers trying to overcome?

How many countries were members of the IMF?

A belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services is known as

Which statement accurately describes the nonprofit competitive environment?

As noted in your text, from a political standpoint, which industry was hit particularly hard due to the recession that began in late 2007?

Consider the following statements to determine which one accurately describes the concept of consumer ethnocentrism.

What U.S. corporation was criticized when it created an in-store ad for some European stores that showed a Hindu goddess atop a ham sandwich with the caption, a snack that is sacred?

Which organization was formed in 1995, is headquartered in Geneva, Switzerland, and with its 162 members represents more than 97 percent of the world's population?

Which entity generated an estimated 16 percent share of the global gross domestic product, making it the largest economy in the world in 2018?

What are the three sources of funding that nonprofit organizations rely on?

We can see technology is being used in the global marketing environment through