Question 1

Currency risk refers to the risk posed by adverse fluctuations in exchange rates.

Accepted Answer

A) True 
 B)False

Question 2

LeShaun Golding researched the risks linked to establishing the plant in Country B. He cited government intervention, lack of local managerial talent, and unethical business practices as the most prominent risks for this location. LeShaun noted all of the following types of risks EXCEPT ________.

Accepted Answer

A) currency risk 
B) political risk 
C) country risk 
D) cross-cultural risk 
A) currency risk 
B) political risk 
C) country risk 
D) cross-cultural risk

Question 3

Which of the following best explains why export growth has outpaced the growth of domestic production during the last few decades?

Accepted Answer

A) Both world exports and domestic production have grown significantly over the past 30 years. 
B) The cost to import products is generally higher than the cost to produce domestic products. 
C) Growth in gross domestic product in most countries has steadily increased since 1970. 
D) Advanced economies now source many of their consumable products from low-cost manufacturing nations. 
A) Both world exports and domestic production have grown significantly over the past 30 years. 
B) The cost to import products is generally higher than the cost to produce domestic products. 
C) Growth in gross domestic product in most countries has steadily increased since 1970. 
D) Advanced economies now source many of their consumable products from low-cost manufacturing nations.

Question 4

Which of the following is NOT an example of a cross-cultural risk factor?

Accepted Answer

A) negotiation patterns 
B) decision-making styles 
C) costs of production 
D) ethical practices 
A) negotiation patterns 
B) decision-making styles 
C) costs of production 
D) ethical practices

Question 5

In a short essay, identify three sectors in the service industry that are internationalizing rapidly. Explain the types of activities conducted within each sector, and provide examples of three companies that operate in each.

Accepted Answer

a. Architectural, construction, and engi

Question 6

One summit attendee pointed out that the total value of her country's products trade typically accounted for more than 100 percent of her nation's GDP. This attendee most likely represents ________.

Accepted Answer

A) Japan 
B) United Kingdom 
C) France 
D) Netherlands 
A) Japan 
B) United Kingdom 
C) France 
D) Netherlands

Question 7

Over the last few decades, export activity by nations has grown more quickly than has domestic production.

Accepted Answer

A) True 
 B)False

Question 8

In a short essay, discuss how international firms manage the four types of international business risk. Provide an example that illustrates the process of risk management.

Accepted Answer

When they undertake international busine

Question 9

In a short essay, describe the major trends in the growth of foreign direct investment (FDI)since the 1980s.

Accepted Answer

the dollar volume of FDI has grown immen

Question 10

Businesses that directly initiate international business transactions are known as ________.

Accepted Answer

A) focal firms 
B) fiscal enterprises 
C) fiduciary trusts 
D) business affiliates 
A) focal firms 
B) fiscal enterprises 
C) fiduciary trusts 
D) business affiliates

Question 11

Which of the following countries hosts the greatest number of MNEs?

Accepted Answer

A) Germany 
B) Japan 
C) Netherlands 
D) United States 
A) Germany 
B) Japan 
C) Netherlands 
D) United States

Question 12

International business is also known as which of the following?

Accepted Answer

A) born global business 
B) laissez-faire business 
C) cross-border business 
D) multi-hub business 
A) born global business 
B) laissez-faire business 
C) cross-border business 
D) multi-hub business

Question 13

Which of the following best explains why the Japanese firm Canon relocated much of its production to China?

Accepted Answer

A) low-cost financial capital 
B) low-cost labor 
C) access to raw materials 
D) lack of skilled managerial talent in home country 
A) low-cost financial capital 
B) low-cost labor 
C) access to raw materials 
D) lack of skilled managerial talent in home country

Question 14

Which of the following is an example of a new global challenger?

Accepted Answer

A) a firm from Russia that is rapidly growing in the communications industry 
B) a U.S. non-profit that focuses on fundraising for children's health care 
C) an MNE from France with large-scale operations across the globe 
D) an SME from Canada that began international operations early in its development 
A) a firm from Russia that is rapidly growing in the communications industry 
B) a U.S. non-profit that focuses on fundraising for children's health care 
C) an MNE from France with large-scale operations across the globe 
D) an SME from Canada that began international operations early in its development

Question 15

What distinguishes an MNE from an SME? In a short essay, describe the major differences between the two types of firms.

Accepted Answer

A multinational enterprise (MNE)is a lar

Currency risk refers to the risk posed by adverse fluctuations in exchange rates.

LeShaun Golding researched the risks linked to establishing the plant in Country B. He cited government intervention, lack of local managerial talent, and unethical business practices as the most prominent risks for this location. LeShaun noted all of the following types of risks EXCEPT ________.

Which of the following best explains why export growth has outpaced the growth of domestic production during the last few decades?

Which of the following is NOT an example of a cross-cultural risk factor?

In a short essay, identify three sectors in the service industry that are internationalizing rapidly. Explain the types of activities conducted within each sector, and provide examples of three companies that operate in each.

One summit attendee pointed out that the total value of her country's products trade typically accounted for more than 100 percent of her nation's GDP. This attendee most likely represents ________.

Over the last few decades, export activity by nations has grown more quickly than has domestic production.

In a short essay, discuss how international firms manage the four types of international business risk. Provide an example that illustrates the process of risk management.

In a short essay, describe the major trends in the growth of foreign direct investment (FDI)since the 1980s.

Businesses that directly initiate international business transactions are known as ________.

Which of the following countries hosts the greatest number of MNEs?

International business is also known as which of the following?

Which of the following best explains why the Japanese firm Canon relocated much of its production to China?

Which of the following is an example of a new global challenger?

What distinguishes an MNE from an SME? In a short essay, describe the major differences between the two types of firms.

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 1: Introduction: What Is International Business

Currency risk refers to the risk posed by adverse fluctuations in exchange rates.

LeShaun Golding researched the risks linked to establishing the plant in Country B. He cited government intervention, lack of local managerial talent, and unethical business practices as the most prominent risks for this location. LeShaun noted all of the following types of risks EXCEPT ________.

Which of the following best explains why export growth has outpaced the growth of domestic production during the last few decades?

Which of the following is NOT an example of a cross-cultural risk factor?

In a short essay, identify three sectors in the service industry that are internationalizing rapidly. Explain the types of activities conducted within each sector, and provide examples of three companies that operate in each.

One summit attendee pointed out that the total value of her country's products trade typically accounted for more than 100 percent of her nation's GDP. This attendee most likely represents ________.

Over the last few decades, export activity by nations has grown more quickly than has domestic production.

In a short essay, discuss how international firms manage the four types of international business risk. Provide an example that illustrates the process of risk management.

In a short essay, describe the major trends in the growth of foreign direct investment (FDI)since the 1980s.

Businesses that directly initiate international business transactions are known as ________.

Which of the following countries hosts the greatest number of MNEs?

International business is also known as which of the following?

Which of the following best explains why the Japanese firm Canon relocated much of its production to China?

Which of the following is an example of a new global challenger?

What distinguishes an MNE from an SME? In a short essay, describe the major differences between the two types of firms.

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters