Exam 1: Introduction to International Business

A host country refers to the country under whose laws the investing corporation was created or is headquartered.

Indirect exporters commonly employ the services of export trading companies and export management companies.

A cooperative business arrangement between two or more companies may be a:

Small and medium-size companies lack the competitive advantage to compete with large multinational corporations and therefore have little to contribute to the international marketplace.

Exporting is the shipment of goods or rendering of services to a foreign buyer located in a foreign country.

Compare and contrast the ethical and strategic aspects of providing contract interpretation services to foreign business partners.

A potential negative aspect of the transfer of technology is that the licensee could be your competitor in the future.

The shipment of goods or rendering of services to a foreign buyer located in a foreign country is:

Export management companies assist indirect exporters by serving as:

An independent firm that purchases goods for resale directly from the exporter,assumes credit risks in the local market,and provides product service and support is known as:

Currency exchange risk cannot be managed because the fluctuations of currencies cannot be predicted.

A company that makes unauthorized copies of a movie and sells the copies on DVDs is infringing on the movie owner's intellectual property rights.

Which of the following statements most accurately describes the traditional economic climate in developing countries?

Compare and contrast possible methods of managing currency risk.

The type of risk that includes controls on exports,imports,controls on the movement of currency,restrictions on licensing and investment,and controls over physical property located in a country is:

International business may be classified into which of the following three categories:

As a form of foreign direct investment,a foreign branch is a business presence by the investor in the ________ country.

International franchising allows the franchisee the right to use a(n):

International licensing agreements are contracts by which the holder of intellectual property grants certain rights in that property to a foreign firm for a specified period of time.

The two types of exporting are: