Question 1

Some key ________ factors in a company's international business external environment are its product strategy and access to resources.

Accepted Answer

A) geographic 
B) political 
C) competitive 
D) behavioral 
A) geographic 
B) political 
C) competitive 
D) behavioral

Question 2

Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization?

Accepted Answer

International business comprises a large

Question 3

Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells.Reebok and the German Soccer League most likely have a ________.

Accepted Answer

A) turnkey operation contract 
B) licensing agreement 
C) portfolio investment 
D) joint venture 
A) turnkey operation contract 
B) licensing agreement 
C) portfolio investment 
D) joint venture

Question 4

Visible exports and imports are ________.

Accepted Answer

A) merchandise imports and exports 
B) the sum total of goods and services traded 
C) international transactions paid for in money rather than barter 
D) typically a country's least common international economic transactions 
A) merchandise imports and exports 
B) the sum total of goods and services traded 
C) international transactions paid for in money rather than barter 
D) typically a country's least common international economic transactions

Question 5

Although globalization may bring economic growth, critics nevertheless contend that ________.

Accepted Answer

A) the growth is too fast 
B) the inequality of gains puts some people in a relatively worse economic situation 
C) this growth is mainly for the future, thus ignoring present economic growth needs 
D) the cultural foundations of sovereignty are supported by globalization 
A) the growth is too fast 
B) the inequality of gains puts some people in a relatively worse economic situation 
C) this growth is mainly for the future, thus ignoring present economic growth needs 
D) the cultural foundations of sovereignty are supported by globalization

Question 6

By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following best explains why international business has grown rapidly in the past few decades?

Accepted Answer

A) the end of the political division between the Communist and non-Communist blocs 
B) greater income equality in most countries 
C) growing concern about climate change 
D) increased concerns about terrorism 
A) the end of the political division between the Communist and non-Communist blocs 
B) greater income equality in most countries 
C) growing concern about climate change 
D) increased concerns about terrorism

Question 8

The same automobile company produces Fiats and Ferraris.The company builds an engine plant in China with low production costs for Fiats but not Ferraris.The probable reason is that ________.

Accepted Answer

A) Fiat competes mainly on a focus strategy, whereas Ferrari competes mainly on a mass-market strategy 
B) Fiat competes mainly on a mass-market strategy, whereas Ferrari competes mainly on a focus strategy 
C) Ferrari faces global competitors in China, whereas Fiat competes in China mainly against Chinese competitors 
D) although Ferrari did not build an engine plant, it will use the same Fiat engines in its models 
A) Fiat competes mainly on a focus strategy, whereas Ferrari competes mainly on a mass-market strategy 
B) Fiat competes mainly on a mass-market strategy, whereas Ferrari competes mainly on a focus strategy 
C) Ferrari faces global competitors in China, whereas Fiat competes in China mainly against Chinese competitors 
D) although Ferrari did not build an engine plant, it will use the same Fiat engines in its models

Question 9

What are the differences between merchandise and service imports and exports? Provide examples to illustrate your answer.

Accepted Answer

a.Merchandise exports are tangible produ

Some key ________ factors in a company's international business external environment are its product strategy and access to resources.

Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization?

Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells.Reebok and the German Soccer League most likely have a ________.

Visible exports and imports are ________.

Although globalization may bring economic growth, critics nevertheless contend that ________.

By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.

Which of the following best explains why international business has grown rapidly in the past few decades?

The same automobile company produces Fiats and Ferraris.The company builds an engine plant in China with low production costs for Fiats but not Ferraris.The probable reason is that ________.

What are the differences between merchandise and service imports and exports? Provide examples to illustrate your answer.

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 1: Globalization and International Business

Some key ________ factors in a company's international business external environment are its product strategy and access to resources.

Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization?

Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells.Reebok and the German Soccer League most likely have a ________.

Visible exports and imports are ________.

Although globalization may bring economic growth, critics nevertheless contend that ________.

By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.

Which of the following best explains why international business has grown rapidly in the past few decades?

The same automobile company produces Fiats and Ferraris.The company builds an engine plant in China with low production costs for Fiats but not Ferraris.The probable reason is that ________.

What are the differences between merchandise and service imports and exports? Provide examples to illustrate your answer.

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters