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Exam 1: The Challenging World of International Business

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Question 41

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The increased internationalization of business requires __________ to have a basic knowledge of international business.

A) all managers
B) managers of multinationals
C) managers of transnationals
D) managers of purely domestic operations
E) none of A, B, C, or D

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Question 42

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Decision making in the international environment is __________ it is in a purely domestic environment.

A) less complex than
B) less demanding than
C) more complex than
D) about the same as
E) two of the above

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Question 43

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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 called:

In organizing their international activities, there are five dimensions along which management can globalize or standardize these activities.

Britain was the world's leading manufacturing country for about 1,800 years, until it was replaced by the United States at the end of the 1800s.

Foreign business denotes:

The United Nations uses the term transnational to describe an enterprise doing business in more than one country.

UNCTAD, an agency of the United Nations, estimates there are __________ international firms in the world.

__________ was the world's leading manufacturing country for about 1,800 years, until it was replaced by Britain in about 1840.

According to the text, the level of intracompany trade of multinationals in 1930, as a percentage of world trade, may have exceeded the proportion at the end of the 20th century.

_______ refers to the transportation of any domestic good or service to a destination outside a country or region.

Reasons for international firms to enter into foreign markets are linked to which of the following desires?

International business really began:

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

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

According to the text, the self-absorption criterion is probably the biggest cause of international business blunders.

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

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

External forces in the international business environment are commonly called uncontrollable forces.

A multidomestic company is an organization that attempts to standardize and integrate operations worldwide in all functional areas.