Exam 1: An Overview of International Business

Just-in-time systems were created in ________.

IBM is considering becoming a worldwide partner for the 2012 Olympics. Which of the following would IBM most likely receive as a result?

Which country was a significant focal point for international business during the Middle Ages?

The British call merchandise exports and imports visible trade.

Individuals should most likely study international business to ________.

What is the difference between exporting and importing?

Cities wishing to host the Olympic Games must do all of the following except ________.

Explain how many scholars divided the world during the Cold War and the patterns of trade that existed among these divisions.

The World Trade Organization and GATT helped reduce international trade barriers after World War II.

________ are investments made for the purpose of actively controlling property, assets, or companies located in host countries.

If a company is headquartered in Taiwan, then Taiwan is the company's ________.

Selling products made in one's own country for use or resale in other countries is known as importing.

In which country is AG used to indicate that a business has limited liability?

Which country dominated international trade during the 5th century B.C.?

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

The ratio of international trade to economic activity has ________ since 1950.

The International Olympic Committee is a multinational enterprise.

What is a portfolio investment? How does it differ from foreign direct investment?

Since World War II changes in two key areas have facilitated significant international expansion by firms. What are the two key areas of change?

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