Question 1

Which statement below best summarizes the United States' export and import shares in recent decades?

Accepted Answer

A) The export share has increased while the import share has declined 
B) The export share has declined while the import share has increased 
C) Both export shares and import shares have declined 
D) Both export shares and import shares have increased 
E) There have been no changes in export shares and import shares in recent decades 
A) The export share has increased while the import share has declined 
B) The export share has declined while the import share has increased 
C) Both export shares and import shares have declined 
D) Both export shares and import shares have increased 
E) There have been no changes in export shares and import shares in recent decades B

Question 2

_______________ is the establishment or expansion of operations of a firm in a foreign country.

Accepted Answer

A) Foreign direct investment 
B) Licensing 
C) Exporting 
D) Outsourcing 
E) Globalization 
A) Foreign direct investment 
B) Licensing 
C) Exporting 
D) Outsourcing 
E) Globalization A

Question 3

Which of the following was a factor that led to the growth of the British Empire?

Accepted Answer

A) Limited trade 
B) Closed markets 
C) Efficient transportation 
D) Technology sharing 
E) Outsourcing 
A) Limited trade 
B) Closed markets 
C) Efficient transportation 
D) Technology sharing 
E) Outsourcing C

Question 4

Over the past decades and in a world of rapidly growing trade,the market share of __________ in trade has been declining.

Accepted Answer

A) Central America 
B) Eastern Europe 
C) Western Europe 
D) India 
E) China 
A) Central America 
B) Eastern Europe 
C) Western Europe 
D) India 
E) China

Question 5

International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals,companies,and organizations.

Accepted Answer

A) True 
 B)False

Question 6

The _____ level refers to business concerns that affect an individual firm or industry.

Accepted Answer

A) microeconomic 
B) macroeconomic 
C) global 
D) transnational 
E) localized 
A) microeconomic 
B) macroeconomic 
C) global 
D) transnational 
E) localized

Question 7

The trade role of primary commodities significantly declined worldwide during which time period?

Accepted Answer

A) 1870s to the 1900s 
B) 1900s to the 1930s 
C) 1930s to the 1960s 
D) 1960s to the 1990s 
E) 1990 to today 
A) 1870s to the 1900s 
B) 1900s to the 1930s 
C) 1930s to the 1960s 
D) 1960s to the 1990s 
E) 1990 to today

Question 8

Importing is not only good in the international trade picture,but is a key factor in increasing employment.

Accepted Answer

A) True 
 B)False

Question 9

Not only is the business environment changing,but he pace of technological change is accelerating.

Accepted Answer

A) True 
 B)False

Question 10

Thanks to strong exports,the global market share of which region has increased?

Accepted Answer

A) Western Europe 
B) Southeast Asia 
C) North America 
D) Latin America 
E) Antarctica 
A) Western Europe 
B) Southeast Asia 
C) North America 
D) Latin America 
E) Antarctica

Question 11

How did international business contribute to the rise in leadership power of the United States?

Accepted Answer

The United States developed a world lead

Question 12

How does international business impact the United States at the macroeconomic and microeconomic levels?

Accepted Answer

The macroeconomic level of international

Question 13

The Pax Romana referred to a pact that was signed between Roman and Han rulers to establish and protect international trade routes.

Accepted Answer

A) True 
 B)False

Question 14

How did international business play a role in the rise and fall of the Roman Empire?

Accepted Answer

International business did play a vital

Question 15

In the past 30 years,German manufacturing employment has:

Accepted Answer

A) Increased by 11 percent 
B) Increased only slightly 
C) Remained the same 
D) Dropped only slightly 
E) Dropped by 13 percent 
A) Increased by 11 percent 
B) Increased only slightly 
C) Remained the same 
D) Dropped only slightly 
E) Dropped by 13 percent

Question 16

Composition of trade refers to the ratio of ________ to _______ in a country's trade.

Accepted Answer

A) primary commodities; manufactured goods 
B) agricultural commodities; manufactured goods 
C) natural commodities; man-made commodities 
D) primary commodities; secondary commodities 
E) high-tech goods; low-tech goods 
A) primary commodities; manufactured goods 
B) agricultural commodities; manufactured goods 
C) natural commodities; man-made commodities 
D) primary commodities; secondary commodities 
E) high-tech goods; low-tech goods

Question 17

Internationalization is the increased mobility of goods,services,labor,technology,and capital throughout the world.

Accepted Answer

A) True 
 B)False

Question 18

In recent years,what country has emerged as being the number one U.S.creditor?

Accepted Answer

A) China 
B) Japan 
C) Germany 
D) Mexico 
E) Canada 
A) China 
B) Japan 
C) Germany 
D) Mexico 
E) Canada

Question 19

Globalization is the establishment or expansion of operations of a firm in a foreign country.

Accepted Answer

A) True 
 B)False

Question 20

Over the last decade,manufacturing firms are increasingly part of the international scene.

Accepted Answer

A) True 
 B)False

Which statement below best summarizes the United States' export and import shares in recent decades?

_______________ is the establishment or expansion of operations of a firm in a foreign country.

Which of the following was a factor that led to the growth of the British Empire?

Over the past decades and in a world of rapidly growing trade,the market share of __________ in trade has been declining.

International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals,companies,and organizations.

The _____ level refers to business concerns that affect an individual firm or industry.

The trade role of primary commodities significantly declined worldwide during which time period?

Importing is not only good in the international trade picture,but is a key factor in increasing employment.

Not only is the business environment changing,but he pace of technological change is accelerating.

Thanks to strong exports,the global market share of which region has increased?

How did international business contribute to the rise in leadership power of the United States?

How does international business impact the United States at the macroeconomic and microeconomic levels?

The Pax Romana referred to a pact that was signed between Roman and Han rulers to establish and protect international trade routes.

How did international business play a role in the rise and fall of the Roman Empire?

In the past 30 years,German manufacturing employment has:

Composition of trade refers to the ratio of __ to _ in a country's trade.

Internationalization is the increased mobility of goods,services,labor,technology,and capital throughout the world.

In recent years,what country has emerged as being the number one U.S.creditor?

Globalization is the establishment or expansion of operations of a firm in a foreign country.

Over the last decade,manufacturing firms are increasingly part of the international scene.

Trade and Investment

The Theory of Trade and Investment

The Balance of Payments

Culture

Politics and Law

Financial Markets

Economic Integration, emerging and Developing Markets

Strategic Planning

Corporate Governance and Reform

Coordination, implementation, and Control

Building the Knowledge Base Research Tools

Entry and Expansion

Marketing

Services

Logistics

Financial Management

Human Resource Management

New Horizons

Filters

Exam 1: The International Business Imperative

Which statement below best summarizes the United States' export and import shares in recent decades?

_______________ is the establishment or expansion of operations of a firm in a foreign country.

Which of the following was a factor that led to the growth of the British Empire?

Over the past decades and in a world of rapidly growing trade,the market share of __________ in trade has been declining.

International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals,companies,and organizations.

The _____ level refers to business concerns that affect an individual firm or industry.

The trade role of primary commodities significantly declined worldwide during which time period?

Importing is not only good in the international trade picture,but is a key factor in increasing employment.

Not only is the business environment changing,but he pace of technological change is accelerating.

Thanks to strong exports,the global market share of which region has increased?

How did international business contribute to the rise in leadership power of the United States?

How does international business impact the United States at the macroeconomic and microeconomic levels?

The Pax Romana referred to a pact that was signed between Roman and Han rulers to establish and protect international trade routes.

How did international business play a role in the rise and fall of the Roman Empire?

In the past 30 years,German manufacturing employment has:

Composition of trade refers to the ratio of ________ to _______ in a country's trade.

Internationalization is the increased mobility of goods,services,labor,technology,and capital throughout the world.

In recent years,what country has emerged as being the number one U.S.creditor?

Globalization is the establishment or expansion of operations of a firm in a foreign country.

Over the last decade,manufacturing firms are increasingly part of the international scene.

Trade and Investment

The Theory of Trade and Investment

The Balance of Payments

Culture

Politics and Law

Financial Markets

Economic Integration, emerging and Developing Markets

Strategic Planning

Corporate Governance and Reform

Coordination, implementation, and Control

Building the Knowledge Base Research Tools

Entry and Expansion

Marketing

Services

Logistics

Financial Management

Human Resource Management

New Horizons

Filters

Composition of trade refers to the ratio of __ to _ in a country's trade.