Question 1

A(n) ____ strategy involves a partnership with a long-term commitment that can be used to acquire new technology and information.

Accepted Answer

A)  direct investment 
B)  joint venture 
C)  licensing 
D)  importing/exporting 
E)  pure domestic 
A)  direct investment 
B)  joint venture 
C)  licensing 
D)  importing/exporting 
E)  pure domestic

Question 2

Describe the advantages and disadvantages of licensing and direct investment.

Accepted Answer

Licensing and direct investment are two

Question 3

Which of the following is a potential disadvantage associated with an import/export operation?

Accepted Answer

A)  P roducts are unrestricted; anything can be imported or exported. 
B)  Importing and exporting requires a large cash outlay from organizations. 
C)  There is a great deal of risk involved compared to other strategic alternatives. 
D)  Imports/exports are subject to taxes, tariffs, and higher transportation expenses. 
E)  All of these choices 
A)  P roducts are unrestricted; anything can be imported or exported. 
B)  Importing and exporting requires a large cash outlay from organizations. 
C)  There is a great deal of risk involved compared to other strategic alternatives. 
D)  Imports/exports are subject to taxes, tariffs, and higher transportation expenses. 
E)  All of these choices

Question 4

Religion is part of the ____________________ environment that affects firms operating in the international environment.

Accepted Answer

The answer of Religion is part of the ____________________ environment...

Question 5

Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.

Accepted Answer

A) True 
 B)False

Question 6

China requires foreign companies to form ____ with Chinese companies so that the Chinese get access to the latest technology.

Accepted Answer

A)  an importing/exporting coalition 
B)  a licensing agreement 
C)  an outsourcing strategy 
D)  a direct investment pact 
E)  a joint venture/strategic alliance 
A)  an importing/exporting coalition 
B)  a licensing agreement 
C)  an outsourcing strategy 
D)  a direct investment pact 
E)  a joint venture/strategic alliance

Question 7

Flat organizations tend to have power ____________________.

Accepted Answer

The answer of Flat organizations tend to have power ____________________....

Question 8

Which of the following countries is NOT a member of the European Union (EU)?

Accepted Answer

A)  Russia 
B)  Romania 
C)  Hungary 
D)  Poland 
E)  Sweden 
A)  Russia 
B)  Romania 
C)  Hungary 
D)  Poland 
E)  Sweden

Question 9

What are the goals of the WTO? Do you agree with them?

Accepted Answer

The goals of the World Trade Organizatio

Question 10

Which of the following statements about tariffs is TRUE?

Accepted Answer

A)  Tariffs can be collected by the exporting country. 
B)  Tariffs can be collected by the importing country. 
C)  Tariffs are taxes collected on goods shipped across national borders. 
D)  Import tariffs are the most common kind of tariff used. 
E)  All of these choices 
A)  Tariffs can be collected by the exporting country. 
B)  Tariffs can be collected by the importing country. 
C)  Tariffs are taxes collected on goods shipped across national borders. 
D)  Import tariffs are the most common kind of tariff used. 
E)  All of these choices

Question 11

Stability can be viewed in two ways ⎯ as the ability of a given government to stay in power in the country and as the permanence of government policies toward business. A country that is stable in both respects is preferable because managers have a higher probability of successfully predicting how government will affect their businesses.

Accepted Answer

A) True 
 B)False

Question 12

What trends are developing in international business?

Accepted Answer

As of my last update in early 2023, seve

Question 13

Most small businesses rely on simple ____________________ or ____________________ operations (or both) for their international sales.

Accepted Answer

importing,

Question 14

Which of the following countries is NOT part of Pacific Asia?

Accepted Answer

A)  China 
B)  The Philippines 
C)  India 
D)  South Korea 
E)  Australia 
A)  China 
B)  The Philippines 
C)  India 
D)  South Korea 
E)  Australia

Question 15

Political stability in the Middle East makes it a less risky place to conduct business.

Accepted Answer

A) True 
 B)False

Question 16

The U.S. government limits how many automobiles can be imported into the United States annually. This is a(n)

Accepted Answer

A)  export restraint agreement. 
B)  import tariff. 
C)  embargo. 
D)  quota. 
E)  boycott. 
A)  export restraint agreement. 
B)  import tariff. 
C)  embargo. 
D)  quota. 
E)  boycott.

Question 17

Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.

Accepted Answer

Hofstede's five fundamental differences

Question 18

Which of the following is NOT a reason for using a licensing agreement as a means of entering international business?

Accepted Answer

A)  Low levels of risk 
B)  High domestic production costs 
C)  Government regulation 
D)  Increased/extended profitability of technology 
E)  Excessive transportation costs 
A)  Low levels of risk 
B)  High domestic production costs 
C)  Government regulation 
D)  Increased/extended profitability of technology 
E)  Excessive transportation costs

Question 19

A(n) ____________________ is a special type of strategic alliance in which the partners share in the ownership of an operation on an equity basis.

Accepted Answer

The answer of A(n) ____________________ is a special type of...

Question 20

A(n) ____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

Accepted Answer

A)  international 
B)  domestic 
C)  multinational 
D)  intercontinental 
E)  global 
A)  international 
B)  domestic 
C)  multinational 
D)  intercontinental 
E)  global

A(n) ____ strategy involves a partnership with a long-term commitment that can be used to acquire new technology and information.

Describe the advantages and disadvantages of licensing and direct investment.

Which of the following is a potential disadvantage associated with an import/export operation?

Religion is part of the ____________________ environment that affects firms operating in the international environment.

Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.

China requires foreign companies to form ____ with Chinese companies so that the Chinese get access to the latest technology.

Flat organizations tend to have power ____________________.

Which of the following countries is NOT a member of the European Union (EU)?

What are the goals of the WTO? Do you agree with them?

Which of the following statements about tariffs is TRUE?

What trends are developing in international business?

Most small businesses rely on simple or operations (or both) for their international sales.

Which of the following countries is NOT part of Pacific Asia?

Political stability in the Middle East makes it a less risky place to conduct business.

The U.S. government limits how many automobiles can be imported into the United States annually. This is a(n)

Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.

Which of the following is NOT a reason for using a licensing agreement as a means of entering international business?

A(n) ____________________ is a special type of strategic alliance in which the partners share in the ownership of an operation on an equity basis.

A(n) ____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 5: Navigating the Global Environment

A(n) ____ strategy involves a partnership with a long-term commitment that can be used to acquire new technology and information.

Describe the advantages and disadvantages of licensing and direct investment.

Which of the following is a potential disadvantage associated with an import/export operation?

Religion is part of the ____________________ environment that affects firms operating in the international environment.

Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.

China requires foreign companies to form ____ with Chinese companies so that the Chinese get access to the latest technology.

Flat organizations tend to have power ____________________.

Which of the following countries is NOT a member of the European Union (EU)?

What are the goals of the WTO? Do you agree with them?

Which of the following statements about tariffs is TRUE?

What trends are developing in international business?

Most small businesses rely on simple ____________________ or ____________________ operations (or both) for their international sales.

Which of the following countries is NOT part of Pacific Asia?

Political stability in the Middle East makes it a less risky place to conduct business.

The U.S. government limits how many automobiles can be imported into the United States annually. This is a(n)

Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.

Which of the following is NOT a reason for using a licensing agreement as a means of entering international business?

A(n) ____________________ is a special type of strategic alliance in which the partners share in the ownership of an operation on an equity basis.

A(n) ____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Most small businesses rely on simple or operations (or both) for their international sales.