Question 1

Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely using a(n) ________ system.

Accepted Answer

A)  cross-functional 
B)  just-in-time 
C)  inventory management 
D)  on-demand delivery 
A)  cross-functional 
B)  just-in-time 
C)  inventory management 
D)  on-demand delivery

Question 2

Attacking and counterattacking rivals in every region of the world is common in the earthmoving equipment industry.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following has most likely triggered the increase of small businesses involved in international business?

Accepted Answer

A)  e-commerce 
B)  economic recession 
C)  foreign-made materials 
D)  increased cultural literacy 
A)  e-commerce 
B)  economic recession 
C)  foreign-made materials 
D)  increased cultural literacy

Question 4

What is an international management contract? Provide an example to illustrate your answer.

Accepted Answer

An international management contract is

Question 5

The desire for control is the primary difference between foreign direct investments and portfolio investments.

Accepted Answer

A) True 
 B)False

Question 6

Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent?

Accepted Answer

A)  exporting 
B)  importing 
C)  merchandising 
D)  franchising 
A)  exporting 
B)  importing 
C)  merchandising 
D)  franchising

Question 7

Which of the following could be considered a major reason that a city would want to host the Olympic Games?

Accepted Answer

A)  to prevent the economic growth of competing nations 
B)  the long-term benefits of tourism 
C)  to test the capacity of national infrastructure 
D)  to promote international harmony 
A)  to prevent the economic growth of competing nations 
B)  the long-term benefits of tourism 
C)  to test the capacity of national infrastructure 
D)  to promote international harmony

Question 8

After World War II, international business was primarily triggered by the ________.

Accepted Answer

A)  loss of high-quality Japanese goods 
B)  reduction of tariffs and quotas 
C)  improvement of transportation 
D)  introduction of the Euro 
A)  loss of high-quality Japanese goods 
B)  reduction of tariffs and quotas 
C)  improvement of transportation 
D)  introduction of the Euro

Question 9

Is foreign direct investment more or less important to the world economy today as compared to 1980? Why do you think this is the case?

Accepted Answer

Foreign direct investment has risen sign

Question 10

Business transactions between parties from more than one country are known as international business.

Accepted Answer

A) True 
 B)False

Question 11

During the Cold War, which term was used when referring to the United States, Australia, and Western Europe?

Accepted Answer

A)  First World 
B)  Second World 
C)  Third World 
D)  Fourth World 
A)  First World 
B)  Second World 
C)  Third World 
D)  Fourth World

Question 12

Exports are relatively unimportant to the GDP of the Netherlands and Thailand but extremely important to India and Brazil.

Accepted Answer

A) True 
 B)False

Question 13

Political change has provided greater access to international markets in recent times.

Accepted Answer

A) True 
 B)False

Question 14

Multinational corporations engage in FDI and own or control value-adding activities in multiple countries.

Accepted Answer

A) True 
 B)False

Question 15

It is important to study international business because you may work for a firm that is owned by a corporation that is headquartered in another country.

Accepted Answer

A) True 
 B)False

Question 16

What is globalization? What are some reasons for globalization's rapid spread in recent years?

Accepted Answer

Globalization can be defined as the inex

Question 17

By 500 B.C.E., ________ merchants were exporting silk and jade to India and parts of Europe.

Accepted Answer

A)  American 
B)  Chinese 
C)  Japanese 
D)  Greek 
A)  American 
B)  Chinese 
C)  Japanese 
D)  Greek

Question 18

Explain the difference among the terms multinational corporation, multinational enterprise, and multinational organization.

Accepted Answer

The difference is in the type of organiz

Question 19

Small businesses are usually not involved in international business given the cost restrictions.

Accepted Answer

A) True 
 B)False

Question 20

Which two countries account for more than one-third of the world's population?

Accepted Answer

A)  Mexico and Brazil 
B)  China and India 
C)  Brazil and India 
D)  Mexico and China 
A)  Mexico and Brazil 
B)  China and India 
C)  Brazil and India 
D)  Mexico and China

Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely using a(n) ________ system.

Attacking and counterattacking rivals in every region of the world is common in the earthmoving equipment industry.

Which of the following has most likely triggered the increase of small businesses involved in international business?

What is an international management contract? Provide an example to illustrate your answer.

The desire for control is the primary difference between foreign direct investments and portfolio investments.

Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent?

Which of the following could be considered a major reason that a city would want to host the Olympic Games?

After World War II, international business was primarily triggered by the ________.

Is foreign direct investment more or less important to the world economy today as compared to 1980? Why do you think this is the case?

Business transactions between parties from more than one country are known as international business.

During the Cold War, which term was used when referring to the United States, Australia, and Western Europe?

Exports are relatively unimportant to the GDP of the Netherlands and Thailand but extremely important to India and Brazil.

Political change has provided greater access to international markets in recent times.

Multinational corporations engage in FDI and own or control value-adding activities in multiple countries.

It is important to study international business because you may work for a firm that is owned by a corporation that is headquartered in another country.

What is globalization? What are some reasons for globalization's rapid spread in recent years?

By 500 B.C.E., ________ merchants were exporting silk and jade to India and parts of Europe.

Explain the difference among the terms multinational corporation, multinational enterprise, and multinational organization.

Small businesses are usually not involved in international business given the cost restrictions.

Which two countries account for more than one-third of the world's population?

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters

Exam 1: An Overview of International Business

Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely using a(n) ________ system.

Attacking and counterattacking rivals in every region of the world is common in the earthmoving equipment industry.

Which of the following has most likely triggered the increase of small businesses involved in international business?

What is an international management contract? Provide an example to illustrate your answer.

The desire for control is the primary difference between foreign direct investments and portfolio investments.

Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent?

Which of the following could be considered a major reason that a city would want to host the Olympic Games?

After World War II, international business was primarily triggered by the ________.

Is foreign direct investment more or less important to the world economy today as compared to 1980? Why do you think this is the case?

Business transactions between parties from more than one country are known as international business.

During the Cold War, which term was used when referring to the United States, Australia, and Western Europe?

Exports are relatively unimportant to the GDP of the Netherlands and Thailand but extremely important to India and Brazil.

Political change has provided greater access to international markets in recent times.

Multinational corporations engage in FDI and own or control value-adding activities in multiple countries.

It is important to study international business because you may work for a firm that is owned by a corporation that is headquartered in another country.

What is globalization? What are some reasons for globalization's rapid spread in recent years?

By 500 B.C.E., ________ merchants were exporting silk and jade to India and parts of Europe.

Explain the difference among the terms multinational corporation, multinational enterprise, and multinational organization.

Small businesses are usually not involved in international business given the cost restrictions.

Which two countries account for more than one-third of the world's population?

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters