Question 1

Which of the following best defines international business?

Accepted Answer

A)  It includes all economic flows between two or more countries. 
B)  It includes all private economic flows between two or more countries. 
C)  It includes all business transactions involving two or more countries. 
D)  It includes all business transactions in countries other than your home country. 
A)  It includes all economic flows between two or more countries. 
B)  It includes all private economic flows between two or more countries. 
C)  It includes all business transactions involving two or more countries. 
D)  It includes all business transactions in countries other than your home country.

Question 2

It is rare for a new company to locate its operations near competitors and suppliers.

Accepted Answer

A) True 
 B)False

Question 3

It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.

Accepted Answer

A) True 
 B)False

Question 4

The process of shifting production to a foreign country is known as outsourcing.

Accepted Answer

A) True 
 B)False

Question 5

A criticism of globalization is that as economic growth increases,too many nonrenewable resources are used.

Accepted Answer

A) True 
 B)False

Question 6

Critics of offshoring assert that the short-term cost savings derived from offshoring hinder firms from developing more efficient production methods.

Accepted Answer

A) True 
 B)False

Question 7

In a short essay,identify and explain three competitive factors that influence international businesses.

Accepted Answer

a.Product strategy-A company's choice of

Question 8

A foreign direct investment occurs when ________.

Accepted Answer

A)  a company owns at least 25% of a foreign firm 
B)  a company has a controlling interest in a foreign company 
C)  foreign ownership is in private rather than government securities 
D)  a foreign firm agrees to a licensing agreement with a large conglomerate 
A)  a company owns at least 25% of a foreign firm 
B)  a company has a controlling interest in a foreign company 
C)  foreign ownership is in private rather than government securities 
D)  a foreign firm agrees to a licensing agreement with a large conglomerate

Question 9

A computer firm has high foreign sales in Asia and wants to expand sales into Europe.Which of the following statements provides the most appropriate advice for Elway executives?

Accepted Answer

A)  Although countries' market sizes differ, companies usually face about the same number of competitors in each national market. 
B)  In most industries, companies face the same competitors in each country where they operate. 
C)  It takes about the same amount of resources to gain national distribution in one country versus another. 
D)  Being a leader in one country does not guarantee market leadership in another country. 
A)  Although countries' market sizes differ, companies usually face about the same number of competitors in each national market. 
B)  In most industries, companies face the same competitors in each country where they operate. 
C)  It takes about the same amount of resources to gain national distribution in one country versus another. 
D)  Being a leader in one country does not guarantee market leadership in another country.

Question 10

Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A)  Foreign trade has largely replaced foreign ownership as a means of conducting international business. 
B)  World trade has grown more rapidly than world production. 
C)  Globally, consumers now depend on foreign output for more than half their consumption. 
D)  Countries have increased their import restrictions to counter the rising tide of imports. 
A)  Foreign trade has largely replaced foreign ownership as a means of conducting international business. 
B)  World trade has grown more rapidly than world production. 
C)  Globally, consumers now depend on foreign output for more than half their consumption. 
D)  Countries have increased their import restrictions to counter the rising tide of imports.

Question 12

What are three factors that have led to the increased growth in international business in recent decades? Which do you think has been most important and why?

Accepted Answer

a.Rapid increase in an expansion of tech

Question 13

Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play.This is an example of engaging in international business to acquire resources.

Accepted Answer

A) True 
 B)False

Question 14

An example of a U.S.merchandise import is an automobile made in ________ and sold ________.

Accepted Answer

A)  the United States by a Japanese company; in the United States 
B)  the United States by a Japanese company; outside the United States 
C)  Japan by a Japanese company; in the United States 
D)  Japan by a U.S. company; outside the United States 
A)  the United States by a Japanese company; in the United States 
B)  the United States by a Japanese company; outside the United States 
C)  Japan by a Japanese company; in the United States 
D)  Japan by a U.S. company; outside the United States

Question 15

Politics,law,culture,and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.

Accepted Answer

A)  social 
B)  physical 
C)  competitive 
D)  political 
A)  social 
B)  physical 
C)  competitive 
D)  political

Question 16

Which of the following has MOST influenced consumers to demand access to foreign-made products?

Accepted Answer

A)  Declining global affluence has caused consumers to seek out lower-priced products from abroad. 
B)  Consumers have become more efficient in using media and technologies to compare prices worldwide. 
C)  Fearing that their governments will enact restrictive policies on imports, consumers are stocking up on foreign products before restrictions are put in place. 
D)  Expectations of rising prices of foreign products have caused consumers to seek foreign products before their prices become prohibitive. 
A)  Declining global affluence has caused consumers to seek out lower-priced products from abroad. 
B)  Consumers have become more efficient in using media and technologies to compare prices worldwide. 
C)  Fearing that their governments will enact restrictive policies on imports, consumers are stocking up on foreign products before restrictions are put in place. 
D)  Expectations of rising prices of foreign products have caused consumers to seek foreign products before their prices become prohibitive.

Question 17

All of the following are areas in which commercial activities take place outside the territory of any nation EXCEPT ________.

Accepted Answer

A)  noncoastal areas of the oceans 
B)  the Panama and Suez Canals 
C)  outer space 
D)  Antarctica 
A)  noncoastal areas of the oceans 
B)  the Panama and Suez Canals 
C)  outer space 
D)  Antarctica

Question 18

Carnival Cruise Lines lowers its taxes by all of the following EXCEPT ________.

Accepted Answer

A)  hiring host-country nationals who pay no taxes 
B)  taking advantage of taxation laws in foreign countries 
C)  sailing in international waters outside countries' tax jurisdiction 
D)  paying substantial port fees instead of taxes during stopovers 
A)  hiring host-country nationals who pay no taxes 
B)  taking advantage of taxation laws in foreign countries 
C)  sailing in international waters outside countries' tax jurisdiction 
D)  paying substantial port fees instead of taxes during stopovers

Question 19

What is international business? What are the primary reasons that companies engage in international business?

Accepted Answer

International business is all commercial

Question 20

Institutional development of services by business and government has aided the expansion of international business by ________.

Accepted Answer

A)  providing a universally agreed upon language for conducting international transactions 
B)  removing immigration restrictions so that global firms can move personnel easily 
C)  developing means to ease the flow of goods among countries 
D)  spurring competition among domestic producers 
A)  providing a universally agreed upon language for conducting international transactions 
B)  removing immigration restrictions so that global firms can move personnel easily 
C)  developing means to ease the flow of goods among countries 
D)  spurring competition among domestic producers

Which of the following best defines international business?

It is rare for a new company to locate its operations near competitors and suppliers.

It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.

The process of shifting production to a foreign country is known as outsourcing.

A criticism of globalization is that as economic growth increases,too many nonrenewable resources are used.

Critics of offshoring assert that the short-term cost savings derived from offshoring hinder firms from developing more efficient production methods.

In a short essay,identify and explain three competitive factors that influence international businesses.

A foreign direct investment occurs when ________.

A computer firm has high foreign sales in Asia and wants to expand sales into Europe.Which of the following statements provides the most appropriate advice for Elway executives?

Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.

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

What are three factors that have led to the increased growth in international business in recent decades? Which do you think has been most important and why?

Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play.This is an example of engaging in international business to acquire resources.

An example of a U.S.merchandise import is an automobile made in and sold .

Politics,law,culture,and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.

Which of the following has MOST influenced consumers to demand access to foreign-made products?

All of the following are areas in which commercial activities take place outside the territory of any nation EXCEPT ________.

Carnival Cruise Lines lowers its taxes by all of the following EXCEPT ________.

What is international business? What are the primary reasons that companies engage in international business?

Institutional development of services by business and government has aided the expansion of international business by ________.

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

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

Globalization and Society

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

Which of the following best defines international business?

It is rare for a new company to locate its operations near competitors and suppliers.

It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.

The process of shifting production to a foreign country is known as outsourcing.

A criticism of globalization is that as economic growth increases,too many nonrenewable resources are used.

Critics of offshoring assert that the short-term cost savings derived from offshoring hinder firms from developing more efficient production methods.

In a short essay,identify and explain three competitive factors that influence international businesses.

A foreign direct investment occurs when ________.

A computer firm has high foreign sales in Asia and wants to expand sales into Europe.Which of the following statements provides the most appropriate advice for Elway executives?

Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.

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

What are three factors that have led to the increased growth in international business in recent decades? Which do you think has been most important and why?

Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play.This is an example of engaging in international business to acquire resources.

An example of a U.S.merchandise import is an automobile made in ________ and sold ________.

Politics,law,culture,and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.

Which of the following has MOST influenced consumers to demand access to foreign-made products?

All of the following are areas in which commercial activities take place outside the territory of any nation EXCEPT ________.

Carnival Cruise Lines lowers its taxes by all of the following EXCEPT ________.

What is international business? What are the primary reasons that companies engage in international business?

Institutional development of services by business and government has aided the expansion of international business by ________.

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

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

Globalization and Society

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

An example of a U.S.merchandise import is an automobile made in and sold .