Question 1

______ provides information on industries such as aerospace,energy,healthcare and defense.

Accepted Answer

A)  Mergent
B)  Plunkett
C)  Frost and Sullivan
D)  Business Source Complete C

Question 2

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

Accepted Answer

A)  Time
B)  Business relationship
C)  Space
D)  Customs C

Question 3

Gifts related to business proceedings are illegal in most other countries and should not be offered to foreign business partners.

Accepted Answer

A) True 
 B)False  False

Question 4

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 5

List the seven various aspects of culture.

Accepted Answer

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

Question 6

There are three general classifications for exporting;direct,indirect and third-party.

Accepted Answer

A) True 
 B)False

Question 7

International entrepreneurial decisions are more complex than domestic decisions due to uncontrollable factors such as economic development and stage of economic development.

Accepted Answer

A) True 
 B)False

Question 8

A turn-key project is best defined as:

Accepted Answer

A)  a method of doing business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners
B)  giving a foreign manufacturer the right to use a patent in return for the payment of a royalty
C)  a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company
D)  a form of direct foreign investment in which the investing entrepreneur holds a minority ownership position in the foreign venture

Question 9

_________ are both government sources of information that might be helpful in gathering the information needed to start a business.

Accepted Answer

A)  Mergent and The Industrial monitor
B)  NAICS and SIC codes
C)  Business Source Complete and Small Business News
D)  The Euromonitor and Business Source Complete

Question 10

______ is defined as the risk of interference with the operations of the venture.

Accepted Answer

A)  Transfer risk
B)  Ownership risk
C)  Investment risk
D)  Operating risk

Question 11

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 12

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 13

Identify and briefly describe the four sections of an opportunity assessment plan.

Accepted Answer

The answer of Identify and briefly describe the four sections...

Question 14

What are the major reasons why an entrepreneur would go global?

Accepted Answer

The answer of What are the major reasons why an...

Question 15

For a U.S.-based entrepreneurial firm,the 75 percent of the world's population living outside the United States offers a very large market opportunity.

Accepted Answer

A) True 
 B)False

Question 16

All of the following are government sources of information except:

Accepted Answer

A)  Census reports
B)  Export/Import Authority
C)  NAICS and SIC
D)  Hoovers

Question 17

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 18

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 19

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

Accepted Answer

A) True 
 B)False

Question 20

The key to successful entrepreneurship is to develop an idea that has a market with a need for the product or service idea conceived.

Accepted Answer

A) True 
 B)False

Exam 5: Identifying and Analyzing Domestic and International Opportunities

______ provides information on industries such as aerospace,energy,healthcare and defense.

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

Gifts related to business proceedings are illegal in most other countries and should not be offered to foreign business partners.

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

List the seven various aspects of culture.

There are three general classifications for exporting;direct,indirect and third-party.

International entrepreneurial decisions are more complex than domestic decisions due to uncontrollable factors such as economic development and stage of economic development.

A turn-key project is best defined as:

_________ are both government sources of information that might be helpful in gathering the information needed to start a business.

______ is defined as the risk of interference with the operations of the venture.

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

Identify and briefly describe the four sections of an opportunity assessment plan.

What are the major reasons why an entrepreneur would go global?

For a U.S.-based entrepreneurial firm,the 75 percent of the world's population living outside the United States offers a very large market opportunity.

All of the following are government sources of information except:

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

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

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

The key to successful entrepreneurship is to develop an idea that has a market with a need for the product or service idea conceived.