Question 1

Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment is known as the ________ criterion.

Accepted Answer

self-reference
Explanation: Un...

Question 2

UNCTAD,an agency of the United Nations,estimates there are __________ transnational corporations with international production activities.

Accepted Answer

A)   5,500
B)   12,000
C)   82,000
D)   120,000
E)   more than 800,000

Question 3

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from

Accepted Answer

A)   the United States to South America.
B)   the Americas and Europe to Asia.
C)   Europe and Asia to Africa.
D)   China to India.
E)   East Asia to South America.

Question 4

Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.

Accepted Answer

Answers may vary,but should ad...

Question 5

The tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is referred to as ___________.

Accepted Answer

economic globalizati...

Question 6

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

Accepted Answer

A) True 
 B)False

Question 7

International business really began

Accepted Answer

A)   with the East India Company chartered in 1600.
B)   when Singer Sewing Machine put up a factory in Scotland in 1868.
C)   before the time of Christ.
D)   when Colt Fire Arms set up a plant in England.
E)   when the Ottoman Empire was established.

Question 8

Globalization has produced uneven results across nations and people.

Accepted Answer

A) True 
 B)False

Question 9

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as

Accepted Answer

A)   controllable and uncontrollable.
B)   controllable and uncontrollable as well as internal and external.
C)   domestic and foreign.
D)   internal and external.
E)   domestic and foreign as well as controllable and uncontrollable.

Question 10

Due to the expanding importance of foreign-owned firms in local economies,host governments have made their policies toward these companies

Accepted Answer

A)   more strict.
B)   more liberal.
C)   harsher.
D)   more confronting.
E)   inflexible.

Question 11

Expanded international trade is linked with the creation of more and better jobs.

Accepted Answer

A) True 
 B)False

Question 12

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

Accepted Answer

A)   all business students should major in international business.
B)   an international orientation should be an important part of a college business education, but only for those students planning to work internationally.
C)   international business skills and knowledge were important for appointment to entry-level positions.
D)   international business skills and knowledge were critical for promotion to senior executive positions in all companies.
E)   foreign language proficiency should be required of all business students.

Question 13

When a government sees that local industry is threatened by imports,it can threaten to erect import barriers to stop or reduce these imports.This is an example of a ________ driver of international business activity.

Accepted Answer

A)   technological
B)   market
C)   political
D)   cost
E)   competitive

Question 14

Which of the following are identified in the text as being one of the five major drivers of globalization?

Accepted Answer

A)   Monetary
B)   Technological
C)   Cultural
D)   Market
E)   Communications

Question 15

UNCTAD,the United Nations agency in charge of all matters relating to FDI and international corporations,estimates there are 82,000 transnational corporations with international production activities and that these transnationals account for approximately _____ percent of total global output.

Accepted Answer

25
Explanation: UNCTAD, the United Natio...

Question 16

According to the text,the tendency toward an international integration of goods,technology,information,labor and capital,or the process of making this integration happen,is termed

Accepted Answer

A)   international business.
B)   economic globalization.
C)   foreign direct investment.
D)   socialism.
E)   global capitalism.

Question 17

International business differs from domestic business in that a firm operating across borders must deal with the forces of three kinds of environments-domestic,foreign,and global.

Accepted Answer

A) True 
 B)False

Question 18

Examples of the kinds of internal forces listed in the text are each of the following except

Accepted Answer

A)   raw materials.
B)   capital.
C)   finance.
D)   labor.
E)   marketing.

Question 19

International business differs from domestic business in that a firm operating across borders must deal with

Accepted Answer

A)   the foreign environment and the international environment.
B)   two of the international environment, the domestic environment, and the global environment.
C)   all three of the domestic environment, the foreign environment, and the global environment.
D)   the international environment.
E)   all three of the international environment, the domestic environment, and the foreign environment.

Question 20

The level of service exports worldwide increased about _______ between 1980 and 2013.

Accepted Answer

A)   fourfold
B)   sixfold
C)   tenfold
D)   twelvefold
E)   seventeenfold

Exam 1: The Challenging Context of International Business

Examples of the kinds of internal forces listed in the text are each of the following except

Correct AnswerverifiedShow Answer

UNCTAD,an agency of the United Nations,estimates there are __________ transnational corporations with international production activities.

Correct AnswerverifiedShow Answer

UNCTAD,the United Nations agency in charge of all matters relating to FDI and international corporations,estimates there are 82,000 transnational corporations with international production activities and that these transnationals account for approximately _____ percent of total global output.

Correct Answerverified25Explanation: UNCTAD, the United Natio...View AnswerShow Answer

Which of the following are identified in the text as being one of the five major drivers of globalization?

Correct AnswerverifiedShow Answer

The level of service exports worldwide increased about _______ between 1980 and 2013.

Correct AnswerverifiedShow Answer

Due to the expanding importance of foreign-owned firms in local economies,host governments have made their policies toward these companies

Correct AnswerverifiedShow Answer

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from

Correct AnswerverifiedShow Answer

When a government sees that local industry is threatened by imports,it can threaten to erect import barriers to stop or reduce these imports.This is an example of a ________ driver of international business activity.

Correct AnswerverifiedShow Answer

The tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is referred to as ___________.

Correct Answerverifiedeconomic globalizati...View AnswerShow Answer

According to the text,the tendency toward an international integration of goods,technology,information,labor and capital,or the process of making this integration happen,is termed

Correct AnswerverifiedShow Answer

International business really began

Correct AnswerverifiedShow Answer

Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment is known as the ________ criterion.

Correct Answerverifiedself-referenceExplanation: Un...View AnswerShow Answer

International business differs from domestic business in that a firm operating across borders must deal with the forces of three kinds of environments-domestic,foreign,and global.

Correct AnswerverifiedShow Answer

Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.

Correct AnswerverifiedAnswers may vary,but should ad...View AnswerShow Answer

International business differs from domestic business in that a firm operating across borders must deal with

Correct AnswerverifiedShow Answer

Globalization has produced uneven results across nations and people.

Correct AnswerverifiedShow Answer

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

Correct AnswerverifiedShow Answer

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

Correct AnswerverifiedShow Answer

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as

Correct AnswerverifiedShow Answer

Expanded international trade is linked with the creation of more and better jobs.

Correct AnswerverifiedShow Answer

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25
Explanation: UNCTAD, the United Natio...
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economic globalizati...
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self-reference
Explanation: Un...
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Answers may vary,but should ad...
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