Exam 1: Globalization and International Business

Governments have signed treaties to protect foreign-owned property rights, such as investments and patents.A primary reason for doing so is to ________.

In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand the ________.

Which of the following statements would most likely be made by a SUPPORTER of globalization?

Which of the following is an indication of the increased globalization of business since the end of World War II?

The term used by the United Nations as a synonym for multinational enterprise is ________.

The process of shifting production from a domestic to a foreign location is best known as ________.

The ownership of foreign bonds is an example of a portfolio investment.

The terms multinational corporation and multinational company are frequently used synonyms for strategic alliances.

What is foreign direct investment? What social factors in the external environment might affect FDI?

Most countries' imports account for more than half of their citizens' consumption.

Governments primarily cooperate through treaties to create a global division of labor.

A multinational enterprise (MNE)is best defined as a firm ________.

Which of the following is NOT a common argument for the slowing of future globalization?

The view that regionalization, rather than globalization, will prevail in the future is largely based on the use of common languages among countries in a region.

Managers who are knowledgeable about ________ are better able to identify the location, quantity, quality, and availability of the world's natural resources.

Globalization of business has been stimulated by institutional developments that aid foreign trade and investment.

Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders.

Which of the following best defines international business?

Which of the following BEST explains how a firm reduces risk by operating internationally?

Limitation of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole; however, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil.This example best illustrates which of the following?