Question 1

What term describes the practice of paying for goods indirectly through another source

Accepted Answer

A)  Licensing 
B)  Barter 
C)  Promotion 
D)  Exporting

Question 2

________ is a nonprofit organization that provides free online and in-person assistance to entrepreneurs in the form of training,consulting and mentoring provided mainly by retired executives and entrepreneurs.

Accepted Answer

A)  CSBC 
B)  NAICS 
C)  SCORE 
D)  SIC

Question 3

The North American Free Trade Agreement (NAFTA)is between which of the following countries

Accepted Answer

A)  The United States, Brazil, and Canada 
B)  The United States, Mexico, and Brazil 
C)  The United States, Argentina, and Brazil 
D)  The United States, Canada, and Mexico

Question 4

In Kenya,the tribe where an individual is from can play a significant role in employer relations.This best exemplifies which aspect of culture

Accepted Answer

A)  Social structure 
B)  Education 
C)  Political philosophy 
D)  Economic philosophy

Question 5

Which of the following statements is not true

Accepted Answer

A)  Technology, like social factors, varies significantly across countries. 
B)  Major events often are the beginning of slow shifts in public opinion or buying habits. 
C)  Cultural ethics deals with the values and morals of a society and how they translate to societal acceptance. 
D)  Psychographics exist within demographics.

Question 6

For a global entrepreneur,technological environment variations are minimal since firms produce mostly standardized,relatively uniform products that can be sorted to meet industry standards.

Accepted Answer

A) True 
 B)False

Question 7

A product extension merger occurs when acquiring and acquired companies have related production and/or distribution activities but do not have products that compete directly with each other.

Accepted Answer

A) True 
 B)False

Question 8

Explain the major factors an entrepreneur needs to consider in choosing the best distribution channel in a foreign country.

Accepted Answer

The answer of Explain the major factors an entrepreneur needs...

Question 9

According to the text,the most prevalent reason for mergers is:

Accepted Answer

A)  taxation. 
B)  economies of scale. 
C)  currency fluctuations. 
D)  to combine complementary resources.

Question 10

McDonalds has learned to adapt its restaurants to local design preferences and the U.S.government tries to design their local embassies with local architectural considerations.These are examples of which aspect of culture

Accepted Answer

A)  Social structure 
B)  Political philosophy 
C)  Aesthetics 
D)  Manners and customs

Question 11

Only the pricing element in the business strategy of an international entrepreneur has the potential to be affected by the multiplicity of legal environments.

Accepted Answer

A) True 
 B)False

Question 12

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States.

Accepted Answer

A) True 
 B)False

Question 13

An opportunity assessment plan is basically the same thing as a business plan.

Accepted Answer

A) True 
 B)False

Question 14

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

Accepted Answer

A) True 
 B)False

Question 15

List the seven various aspects of culture.

Accepted Answer

The answer of List the seven various aspects of culture. ...

Question 16

A country's ________ is the difference between the value of a country's imports and exports over time.

Accepted Answer

A)  gross national product 
B)  purchasing power parity 
C)  current account 
D)  foreign exchange reserve

Question 17

Contract law varies significantly from country to country,in part reflecting the two types of legal tradition-commercial law and civil law.

Accepted Answer

A) True 
 B)False

Question 18

Philip Morris acquiring Miller Brewing is an example of what type of merger

Accepted Answer

A)  Market extension merger 
B)  Horizontal merger 
C)  Product extension merger 
D)  Vertical merger

Question 19

Discuss government stability and political risk when applied to international versus domestic business.Identify and briefly describe the three major types of political risk.

Accepted Answer

The answer of Discuss government stability and political risk when...

Question 20

A nonequity arrangement is a method by which an entrepreneur can enter a market and obtain sales and profits without direct equity investment in the foreign market.

Accepted Answer

A) True 
 B)False

Exam 5: Identifying and Analyzing Domestic and International Opportunities

What term describes the practice of paying for goods indirectly through another source

________ is a nonprofit organization that provides free online and in-person assistance to entrepreneurs in the form of training,consulting and mentoring provided mainly by retired executives and entrepreneurs.

The North American Free Trade Agreement (NAFTA) is between which of the following countries

In Kenya,the tribe where an individual is from can play a significant role in employer relations.This best exemplifies which aspect of culture

Which of the following statements is not true

For a global entrepreneur,technological environment variations are minimal since firms produce mostly standardized,relatively uniform products that can be sorted to meet industry standards.

A product extension merger occurs when acquiring and acquired companies have related production and/or distribution activities but do not have products that compete directly with each other.

Explain the major factors an entrepreneur needs to consider in choosing the best distribution channel in a foreign country.

According to the text,the most prevalent reason for mergers is:

McDonalds has learned to adapt its restaurants to local design preferences and the U.S.government tries to design their local embassies with local architectural considerations.These are examples of which aspect of culture

Only the pricing element in the business strategy of an international entrepreneur has the potential to be affected by the multiplicity of legal environments.

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States.

An opportunity assessment plan is basically the same thing as a business plan.

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

List the seven various aspects of culture.

A country's ________ is the difference between the value of a country's imports and exports over time.

Contract law varies significantly from country to country,in part reflecting the two types of legal tradition-commercial law and civil law.

Philip Morris acquiring Miller Brewing is an example of what type of merger

Discuss government stability and political risk when applied to international versus domestic business.Identify and briefly describe the three major types of political risk.

A nonequity arrangement is a method by which an entrepreneur can enter a market and obtain sales and profits without direct equity investment in the foreign market.