Question 1

In 2010, ________ was considered the world's largest corporation.

Accepted Answer

A)  Toyota 
B)  ExxonMobil 
C)  Coca-Cola 
D)  Wal-Mart 
A)  Toyota 
B)  ExxonMobil 
C)  Coca-Cola 
D)  Wal-Mart

Question 2

Singapore Airlines has expanded into non-Asian markets by leveraging its core competencies, which include reliability and high customer satisfaction.

Accepted Answer

A) True 
 B)False

Question 3

Olympic sponsorship is best suited for companies that are ________.

Accepted Answer

A)  pursuing a niche market 
B)  selling technological goods 
C)  pursuing a worldwide market 
D)  marketing athletic equipment 
A)  pursuing a niche market 
B)  selling technological goods 
C)  pursuing a worldwide market 
D)  marketing athletic equipment

Question 4

Compared to Thailand, the United States has a ________ level of exports of goods and services as a percentage of GDP.

Accepted Answer

A)  slightly lower 
B)  slightly higher 
C)  significantly lower 
D)  significantly higher 
A)  slightly lower 
B)  slightly higher 
C)  significantly lower 
D)  significantly higher

Question 5

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

Accepted Answer

An international management contract is

Question 6

McDonald's has licensed its brand name, operational systems, and trademarks to individual restaurant owners in Europe. This is called international ________.

Accepted Answer

A)  leasing 
B)  marketing 
C)  franchising 
D)  diversifying 
A)  leasing 
B)  marketing 
C)  franchising 
D)  diversifying

Question 7

A manager who has cultural literacy can most likely ________.

Accepted Answer

A)  speak and read in more than one language 
B)  recognize the similarities and differences of cultures 
C)  develop accurate cultural assessments of foreign colleagues 
D)  function as an expatriate manager in multiple foreign locations 
A)  speak and read in more than one language 
B)  recognize the similarities and differences of cultures 
C)  develop accurate cultural assessments of foreign colleagues 
D)  function as an expatriate manager in multiple foreign locations

Question 8

Into what two categories can international investments be divided?

Accepted Answer

International invest

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________.

Accepted Answer

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

Question 11

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

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 14

Just-in-time systems are used by firms to ________.

Accepted Answer

A)  store important data 
B)  manage inventory 
C)  monitor production 
D)  screen job applicants 
A)  store important data 
B)  manage inventory 
C)  monitor production 
D)  screen job applicants

Question 15

Exports account for about ________ of Netherland's gross domestic product?

Accepted Answer

A)  20% 
B)  35% 
C)  50% 
D)  75 % 
A)  20% 
B)  35% 
C)  50% 
D)  75 %

Question 16

________ is the buying of products made in other countries for use or resale in one's own country.

Accepted Answer

A)  Exporting 
B)  Importing 
C)  Merchandising 
D)  Transporting 
A)  Exporting 
B)  Importing 
C)  Merchandising 
D)  Transporting

Question 17

Since English is the common language of international business, it is not necessary for Americans and other English speakers to be familiar with cultural, legal, political, and social differences between countries.

Accepted Answer

A) True 
 B)False

Question 18

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 19

The home country is where a foreign firm operates.

Accepted Answer

A) True 
 B)False

Question 20

How are the Olympic Games symbolic of international business?

Accepted Answer

The Olympics reflect an intense version

In 2010, ________ was considered the world's largest corporation.

Singapore Airlines has expanded into non-Asian markets by leveraging its core competencies, which include reliability and high customer satisfaction.

Olympic sponsorship is best suited for companies that are ________.

Compared to Thailand, the United States has a ________ level of exports of goods and services as a percentage of GDP.

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

McDonald's has licensed its brand name, operational systems, and trademarks to individual restaurant owners in Europe. This is called international ________.

A manager who has cultural literacy can most likely ________.

Into what two categories can international investments be divided?

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

Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________.

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

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.

Just-in-time systems are used by firms to ________.

Exports account for about ________ of Netherland's gross domestic product?

________ is the buying of products made in other countries for use or resale in one's own country.

Since English is the common language of international business, it is not necessary for Americans and other English speakers to be familiar with cultural, legal, political, and social differences between countries.

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

The home country is where a foreign firm operates.

How are the Olympic Games symbolic of international business?

Global Marketplaces and Business Centers

Legal, Technological, Accounting, 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

In 2010, ________ was considered the world's largest corporation.

Singapore Airlines has expanded into non-Asian markets by leveraging its core competencies, which include reliability and high customer satisfaction.

Olympic sponsorship is best suited for companies that are ________.

Compared to Thailand, the United States has a ________ level of exports of goods and services as a percentage of GDP.

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

McDonald's has licensed its brand name, operational systems, and trademarks to individual restaurant owners in Europe. This is called international ________.

A manager who has cultural literacy can most likely ________.

Into what two categories can international investments be divided?

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

Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________.

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

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.

Just-in-time systems are used by firms to ________.

Exports account for about ________ of Netherland's gross domestic product?

________ is the buying of products made in other countries for use or resale in one's own country.

Since English is the common language of international business, it is not necessary for Americans and other English speakers to be familiar with cultural, legal, political, and social differences between countries.

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

The home country is where a foreign firm operates.

How are the Olympic Games symbolic of international business?

Global Marketplaces and Business Centers

Legal, Technological, Accounting, 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