Are You Smarter  Than a 5 th  Grader? Topic 5 Global Business
Are You Smarter Than a  5 th  Grader? 1,000,000 5th Grade Topic 1 5th Grade Topic 2 4th Grade Topic 3 4th Grade Topic 4 3r...
5th Grade Topic 1 Question  <ul><li>Which of the following best describes hedging? </li></ul><ul><li>(A) Using transfer pr...
5th Grade Topic 1 Answer  <ul><li>(C) Protecting against fluctuating exchange rates </li></ul>Return
5th Grade Topic 2 Question  <ul><li>Which of the following methods of payment represents the least level of risk for expor...
5th Grade Topic 2 Answer  <ul><li>(D) Pre-payment </li></ul>Return
4th Grade Topic 3 Question <ul><li>Which of the following is an example of transfer pricing? </li></ul><ul><li>(A) The pri...
4th Grade Topic 3 Answer <ul><li>(A) The price charged by a company for a good or service provided to its subsidiaries </l...
4th Grade Topic 4 Question <ul><li>Consumers across the world recognise Coca-Cola as being a different product from Pepsi ...
4th Grade Topic 4 Answer <ul><li>(B) Global branding </li></ul>Return
3rd Grade Topic 5 Question <ul><li>The staff of an Australian-based company have a range of ethnic backgrounds. The compan...
3rd Grade Topic 5 Answer  <ul><li>(D) Management of cultural diversity </li></ul>Return
3rd Grade Topic 6 Question <ul><li>A company has a number of manufacturing locations in different countries to produce com...
3rd Grade Topic 6 Answer <ul><li>(D) Global web </li></ul>
2nd Grade Topic 7 Question <ul><li>A–Z Rubber Products has decided to relocate its manufacturing operations overseas becau...
2nd Grade Topic 7 Answer <ul><li>(B) To gain economies of scale </li></ul>Return
2nd Grade Topic 8 Question <ul><li>In order to increase its capacity and efficiency, Australian Clothing Manufacturers Ltd...
2nd Grade Topic 8 Answer <ul><li>(D) Foreign direct investment </li></ul>Return
1st Grade Topic 9 Question <ul><li>Which of the following is an example of responsible management in a global </li></ul><u...
1st Grade Topic 9 Answer <ul><li>(C) Considering the employment practices of potential overseas suppliers </li></ul>Return
1st Grade Topic 10 Question <ul><li>A clothing retailer places an order for goods from an overseas supplier for delivery w...
1st Grade Topic 10 Answer  <ul><li>(A) Hedging </li></ul>Return
Million Dollar Question Grade Level Topic 11
1,000,000 Question <ul><li>What method could a business use to expand internationally?  </li></ul><ul><li>(A) Varying busi...
1,000,000 Answer  <ul><li>(D) Making an agreement to provide technical expertise to an overseas business  </li></ul>Return
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Business Studies: Global Business Are You Smarter Than A 5th Grader

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Business Studies: Global Business Are You Smarter Than A 5th Grader

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Business Studies: Global Business Are You Smarter Than A 5th Grader

  1. 1. Are You Smarter Than a 5 th Grader? Topic 5 Global Business
  2. 2. Are You Smarter Than a 5 th Grader? 1,000,000 5th Grade Topic 1 5th Grade Topic 2 4th Grade Topic 3 4th Grade Topic 4 3rd Grade Topic 5 3rd Grade Topic 6 2nd Grade Topic 7 2nd Grade Topic 8 1st Grade Topic 9 1st Grade Topic 10 500,000 300,000 175,000 100,000 50,000 25,000 10,000 5,000 2,000 1,000
  3. 3. 5th Grade Topic 1 Question <ul><li>Which of the following best describes hedging? </li></ul><ul><li>(A) Using transfer pricing between subsidiaries </li></ul><ul><li>(B) Minimising the effects of the global business cycle </li></ul><ul><li>(C) Protecting against fluctuating exchange rates </li></ul><ul><li>(D) Reducing credit risks on international transactions </li></ul>
  4. 4. 5th Grade Topic 1 Answer <ul><li>(C) Protecting against fluctuating exchange rates </li></ul>Return
  5. 5. 5th Grade Topic 2 Question <ul><li>Which of the following methods of payment represents the least level of risk for exporters? </li></ul><ul><li>(A) Bill of exchange </li></ul><ul><li>(B) Letter of credit </li></ul><ul><li>(C) Open account </li></ul><ul><li>(D) Pre-payment </li></ul>
  6. 6. 5th Grade Topic 2 Answer <ul><li>(D) Pre-payment </li></ul>Return
  7. 7. 4th Grade Topic 3 Question <ul><li>Which of the following is an example of transfer pricing? </li></ul><ul><li>(A) The price charged by a company for a good or service provided to its subsidiaries </li></ul><ul><li>(B) A company selling its product at a minimum price to undercut a global competitor </li></ul><ul><li>(C) A company transferring the right to use its intellectual property to another company </li></ul><ul><li>(D) The profits gained from pricing by a company affected by international currency </li></ul><ul><li>fluctuations </li></ul>
  8. 8. 4th Grade Topic 3 Answer <ul><li>(A) The price charged by a company for a good or service provided to its subsidiaries </li></ul>Return
  9. 9. 4th Grade Topic 4 Question <ul><li>Consumers across the world recognise Coca-Cola as being a different product from Pepsi Cola. Which of the following explains this perception? </li></ul><ul><li>(A) Global web </li></ul><ul><li>(B) Global branding </li></ul><ul><li>(C) Standardised marketing </li></ul><ul><li>(D) Differentiated marketing </li></ul>
  10. 10. 4th Grade Topic 4 Answer <ul><li>(B) Global branding </li></ul>Return
  11. 11. 3rd Grade Topic 5 Question <ul><li>The staff of an Australian-based company have a range of ethnic backgrounds. The company has a program to educate its managers about the lifestyles of each nationality in its workforce. What is the company aiming to achieve through this program? </li></ul><ul><li>(A) A polycentric staffing system </li></ul><ul><li>(B) An ethnocentric staffing system </li></ul><ul><li>(C) The development of a global web </li></ul><ul><li>(D) Management of cultural diversity </li></ul>
  12. 12. 3rd Grade Topic 5 Answer <ul><li>(D) Management of cultural diversity </li></ul>Return
  13. 13. 3rd Grade Topic 6 Question <ul><li>A company has a number of manufacturing locations in different countries to produce components of its final product. </li></ul><ul><li>Which of the following best describes this form of operation? </li></ul><ul><li>(A) Global branding </li></ul><ul><li>(B) Global marketing </li></ul><ul><li>(C) Global positioning </li></ul><ul><li>(D) Global web </li></ul>
  14. 14. 3rd Grade Topic 6 Answer <ul><li>(D) Global web </li></ul>
  15. 15. 2nd Grade Topic 7 Question <ul><li>A–Z Rubber Products has decided to relocate its manufacturing operations overseas because it is seeking an advantage by operating a larger manufacturing plant. </li></ul><ul><li>What is the reason for this decision to expand internationally? </li></ul><ul><li>(A) To minimise taxation </li></ul><ul><li>(B) To gain economies of scale </li></ul><ul><li>(C) To cushion the economic cycle </li></ul><ul><li>(D) To take advantage of regulatory differences </li></ul>
  16. 16. 2nd Grade Topic 7 Answer <ul><li>(B) To gain economies of scale </li></ul>Return
  17. 17. 2nd Grade Topic 8 Question <ul><li>In order to increase its capacity and efficiency, Australian Clothing Manufacturers Ltd has recently purchased manufacturing facilities in Fiji. </li></ul><ul><li>Which method of international expansion has this company used? </li></ul><ul><li>(A) Export </li></ul><ul><li>(B) Licensing </li></ul><ul><li>(C) Management contract </li></ul><ul><li>(D) Foreign direct investment </li></ul>
  18. 18. 2nd Grade Topic 8 Answer <ul><li>(D) Foreign direct investment </li></ul>Return
  19. 19. 1st Grade Topic 9 Question <ul><li>Which of the following is an example of responsible management in a global </li></ul><ul><li>environment? </li></ul><ul><li>(A) Clearing rainforests to grow crops for fast-food outlets </li></ul><ul><li>(B) Creating a tax-avoidance scheme to increase profits for shareholders </li></ul><ul><li>(C) Considering the employment practices of potential overseas suppliers </li></ul><ul><li>(D) Establishing production processes to increase employment without safety training </li></ul>
  20. 20. 1st Grade Topic 9 Answer <ul><li>(C) Considering the employment practices of potential overseas suppliers </li></ul>Return
  21. 21. 1st Grade Topic 10 Question <ul><li>A clothing retailer places an order for goods from an overseas supplier for delivery within one month. The retailer negotiates to pay the account at the exchange rate existing at the time the order is placed. </li></ul><ul><li>Which of the following is the retailer doing? </li></ul><ul><li>(A) Hedging </li></ul><ul><li>(B) Factoring </li></ul><ul><li>(C) Cushioning the economic cycle </li></ul><ul><li>(D) Engaging in foreign direct investment </li></ul>
  22. 22. 1st Grade Topic 10 Answer <ul><li>(A) Hedging </li></ul>Return
  23. 23. Million Dollar Question Grade Level Topic 11
  24. 24. 1,000,000 Question <ul><li>What method could a business use to expand internationally? </li></ul><ul><li>(A) Varying business practices and ethics </li></ul><ul><li>(B) Acquiring resources to access technological advances </li></ul><ul><li>(C) Minimising competitive risk by cushioning the economic cycle </li></ul><ul><li>(D) Making an agreement to provide technical expertise to an overseas business </li></ul>
  25. 25. 1,000,000 Answer <ul><li>(D) Making an agreement to provide technical expertise to an overseas business </li></ul>Return
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