Question 1

Regional trade and investment has been made easier through all of the following EXCEPT the ________.

Accepted Answer

A)  European Union 
B)  Kyoto Protocol 
C)  Mercosur Accord 
D)  North American Free Trade Agreement 
A)  European Union 
B)  Kyoto Protocol 
C)  Mercosur Accord 
D)  North American Free Trade Agreement

Question 2

Why is relevant for today's business students to study international business and to become culturally literate?

Accepted Answer

There are several reasons to study inter

Question 3

Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a primary reason that firms acquire resources and supplies from other countries?

Accepted Answer

A)  comply with trade regulations 
B)  minimize resource competition 
C)  decrease shipping and handling costs 
D)  obtain items unavailable in home country 
A)  comply with trade regulations 
B)  minimize resource competition 
C)  decrease shipping and handling costs 
D)  obtain items unavailable in home country

Question 5

How does international business differ from domestic business? Why is important for business students to learn about international business?

Accepted Answer

Domestic business involves transactions

Question 6

According to the text, businesses in the ________ industry frequently enter foreign markets to prevent rivals from becoming dominant in any particular country.

Accepted Answer

A)  airline manufacturing 
B)  semiconductor 
C)  accounting 
D)  coffee 
A)  airline manufacturing 
B)  semiconductor 
C)  accounting 
D)  coffee

Question 7

Walt Disney permits a German clothing manufacturer to market children's pajamas embroidered with Mickey Mouse in return for a percentage of company sales. This is an example of ________.

Accepted Answer

A)  franchising 
B)  licensing 
C)  leasing 
D)  piracy 
A)  franchising 
B)  licensing 
C)  leasing 
D)  piracy

Question 8

Which of the following is not an international business transaction?

Accepted Answer

A)  purchasing products in one country and assembling them in another 
B)  building a plant in a foreign country to capitalize on lower labor costs 
C)  borrowing money from a major bank to finance capital improvements 
D)  shipping finished products from one country to another for retail sale 
A)  purchasing products in one country and assembling them in another 
B)  building a plant in a foreign country to capitalize on lower labor costs 
C)  borrowing money from a major bank to finance capital improvements 
D)  shipping finished products from one country to another for retail sale

Question 9

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 10

The growth of FDI and MNCs first started when European capitalists began investing in businesses operating in the American colonies.

Accepted Answer

A) True 
 B)False

Regional trade and investment has been made easier through all of the following EXCEPT the ________.

Why is relevant for today's business students to study international business and to become culturally literate?

Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace.

Which of the following is a primary reason that firms acquire resources and supplies from other countries?

How does international business differ from domestic business? Why is important for business students to learn about international business?

According to the text, businesses in the ________ industry frequently enter foreign markets to prevent rivals from becoming dominant in any particular country.

Walt Disney permits a German clothing manufacturer to market children's pajamas embroidered with Mickey Mouse in return for a percentage of company sales. This is an example of ________.

Which of the following is not an international business transaction?

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

The growth of FDI and MNCs first started when European capitalists began investing in businesses operating in the American colonies.

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

Regional trade and investment has been made easier through all of the following EXCEPT the ________.

Why is relevant for today's business students to study international business and to become culturally literate?

Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace.

Which of the following is a primary reason that firms acquire resources and supplies from other countries?

How does international business differ from domestic business? Why is important for business students to learn about international business?

According to the text, businesses in the ________ industry frequently enter foreign markets to prevent rivals from becoming dominant in any particular country.

Walt Disney permits a German clothing manufacturer to market children's pajamas embroidered with Mickey Mouse in return for a percentage of company sales. This is an example of ________.

Which of the following is not an international business transaction?

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

The growth of FDI and MNCs first started when European capitalists began investing in businesses operating in the American colonies.

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