Exam 1: The Challenging Context of International Business

International experience is valuable for mid-career individuals who aspire to higher positions and greater responsibility,but not for students seeking their first job beyond university.

The major globalization drivers include all of the following except

_______ refers to the transportation of any domestic good or service to a destination outside a country or region.

Many opponents of globalization have claimed that there is a huge gap between the world's rich and poor and that _____ has caused that gap to increase.

The operations of a company outside its home or domestic market are known as foreign business.

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from Europe and the Americas and back to Asia.

Those who work in the international environment find that decision making is more complex than it is in a purely domestic environment.

Foreign business refers to the operations of a company between its home market and markets elsewhere in the world.

Although they represent less than 1 percent of all transnational corporations,state-owned transnationals account for more than 11 percent of the world's foreign direct investment.

According to supporters of the globalization of trade and investment,free trade

________ is the transportation of any domestic good or service to a destination outside a country or region.

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed all of the following except

Two political drivers contributing to the globalization of business operations,as mentioned in the text,include: (1)the progressive ________ of barriers to trade and foreign investment by most governments,which is hastening the opening of new markets by international firms that are both exporting to them and building production facilities in them,and (2)the privatization of much of the industry in formerly communist nations and the opening of their economies to global competition.

PwC,a professional services company,predicts the next decade will see an increase of ______ percent in the number of workers accepting global assignments.

The operations of a company outside its home or domestic market are known as ________ business.

Which of the following is not an argument presented in support of opponents of globalization?

When nations and corporations are ranked by GNI and total sales,respectively,for 2013 data,how many of the top 100 on the list are corporations?

Examples of the kinds of external forces listed in the text are each of the following except

The international environment refers to all the uncontrollable forces originating outside the home country that surround and influence the firm.

The _______ Empire's powerful location raised the cost of Asian trade for the Europeans and resulted in a search for sea routes to Asia.