Question 1

Only a company that has foreign operations needs to be aware of what is occurring globally in its markets and in its industry.

Accepted Answer

A) True 
 B)False

Question 2

As used in the text,the term ____________ means all the forces influencing the life and development of the firm.

Accepted Answer

environment
Explanation: As us

Question 3

Which of the following is not true regarding foreign direct investment?

Accepted Answer

A)  The world stock of outward FDI was $26.3 trillion at the beginning of 2014. 
B)  FDI refers to direct investments in a foreign country, at a level sufficient to obtain significant management control. 
C)  FDI includes foreign investment in stock markets. 
D)  FDI calculations include direct investments in equipment, structures, and organizations in a foreign country. 
E)  FDI does not include exports. 
A)  The world stock of outward FDI was $26.3 trillion at the beginning of 2014. 
B)  FDI refers to direct investments in a foreign country, at a level sufficient to obtain significant management control. 
C)  FDI includes foreign investment in stock markets. 
D)  FDI calculations include direct investments in equipment, structures, and organizations in a foreign country. 
E)  FDI does not include exports.

Question 4

When an affiliate in one country does business with customers in another,it is operating in the foreign environment.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not true regarding state-owned transnational corporations?

Accepted Answer

A)  There is an estimated minimum of 550 state-owned transnationals. 
B)  State-owned transnationals are from both developed and developing countries. 
C)  They have over $2 trillion in assets. 
D)  They have more than 15,000 foreign affiliates. 
E)  They account for more than 11 percent of all transnational corporations. 
A)  There is an estimated minimum of 550 state-owned transnationals. 
B)  State-owned transnationals are from both developed and developing countries. 
C)  They have over $2 trillion in assets. 
D)  They have more than 15,000 foreign affiliates. 
E)  They account for more than 11 percent of all transnational corporations.

Question 6

China was the world's leading manufacturing country for about 1,800 years,until it was replaced by _____ about 1840.

Accepted Answer

Britain
Explanation: China was

Question 7

According to the text,personnel working in a foreign subsidiary are not working in the international environment

Accepted Answer

A)  if they work and live in the foreign subsidiary's country. 
B)  if they are responsible for the subsidiary's exports. 
C)  if they are the sales manager responsible for selling product in the home country and the foreign subsidiary's nation. 
D)  if they are responsible for manufacturing activities within the foreign subsidiary, including purchasing inputs from another country. 
E)  if they manage workers in another country. 
A)  if they work and live in the foreign subsidiary's country. 
B)  if they are responsible for the subsidiary's exports. 
C)  if they are the sales manager responsible for selling product in the home country and the foreign subsidiary's nation. 
D)  if they are responsible for manufacturing activities within the foreign subsidiary, including purchasing inputs from another country. 
E)  if they manage workers in another country.

Question 8

In international business,the international manager has three choices in deciding what to do with a concept or a technique employed in domestic operations: (1)transfer it intact,(2)adapt it to local conditions,or (3)___________.

Accepted Answer

use it overseas
Explanation: In internat

Question 9

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

Accepted Answer

A) True 
 B)False

Question 10

According to opponents of the globalization of trade and investment

Accepted Answer

A)  more globally integrated countries spend more on public education, especially in developing countries. 
B)  globalization has had harmful effects on labor and labor standards. 
C)  countries that have rejected globalization are among the most advanced nations of the world. 
D)  globalization has increased the proportion of people in developing countries who live on $1.25 per day or less. 
E)  globalization has contributed to an improvement in environmental and health conditions. 
A)  more globally integrated countries spend more on public education, especially in developing countries. 
B)  globalization has had harmful effects on labor and labor standards. 
C)  countries that have rejected globalization are among the most advanced nations of the world. 
D)  globalization has increased the proportion of people in developing countries who live on $1.25 per day or less. 
E)  globalization has contributed to an improvement in environmental and health conditions.

Question 11

As used in the text,the term environment means all the forces influencing the life and development of the firm.

Accepted Answer

A) True 
 B)False

Question 12

Advances in computers,including the Internet and network computing,are examples of _____ drivers contributing to the globalization of business operations.

Accepted Answer

technological
Explanation: Advances in c

Question 13

Expanded trade is also linked with the creation of more and _________ jobs.

Accepted Answer

better
Explanation: Expanded trade is al

Question 14

According to the text,the international environment consists of which of the following interactions?

Accepted Answer

A)  The domestic environmental forces and global environmental forces. 
B)  The foreign uncontrollable forces and the domestic uncontrollable forces. 
C)  The domestic environmental forces and the foreign environmental forces, as well as the foreign environmental forces of two countries when an affiliate in one country does business in another country. 
D)  The domestic environmental forces and the foreign environmental forces, as well as the foreign environmental forces of all other countries. 
E)  All interactions outside the home country. 
A)  The domestic environmental forces and global environmental forces. 
B)  The foreign uncontrollable forces and the domestic uncontrollable forces. 
C)  The domestic environmental forces and the foreign environmental forces, as well as the foreign environmental forces of two countries when an affiliate in one country does business in another country. 
D)  The domestic environmental forces and the foreign environmental forces, as well as the foreign environmental forces of all other countries. 
E)  All interactions outside the home country.

Question 15

A one percentage point increase in ______ on average reduces poverty by more than 1.5 percent each year.

Accepted Answer

growth
Explanation: A growing body of ev

Question 16

The expanding importance of foreign-owned firms in local economies has been viewed by a number of governments as a threat to their autonomy.However,there has been a marked _______ of government policies and attitudes toward foreign investment in both developed and developing nations in recent years.

Accepted Answer

liberalization
Explanation: The expandin

Question 17

The 17th and 18th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital,which expanded under the direct subsidization and protection of national governments.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an argument presented in support of opponents of globalization?

Accepted Answer

A)  A report by the Labor Secretariat for the North American Free Trade Agreement (NAFT
A)  reported that more than half of firms surveyed used threats to close U.S. operations as a tool to fight union-organizing efforts. 
B)  Although labor standards in developing countries are usually lower than in industrialized countries, they are rising. 
C)  Multinationals investing in host nations pay higher wages, create new jobs at a faster rate, and spend more on R&D than do local firms. 
D)  Developing countries may feel that lower-cost labor constitutes their competitive advantage and that if they are forced to implement more stringent labor standards, it may damage their prospects for improved economic development. 
E)  The economic growth fostered by globalization can help generate and distribute additional resources for protecting the environment. 
A)  A report by the Labor Secretariat for the North American Free Trade Agreement (NAFT
A)  reported that more than half of firms surveyed used threats to close U.S. operations as a tool to fight union-organizing efforts. 
B)  Although labor standards in developing countries are usually lower than in industrialized countries, they are rising. 
C)  Multinationals investing in host nations pay higher wages, create new jobs at a faster rate, and spend more on R&D than do local firms. 
D)  Developing countries may feel that lower-cost labor constitutes their competitive advantage and that if they are forced to implement more stringent labor standards, it may damage their prospects for improved economic development. 
E)  The economic growth fostered by globalization can help generate and distribute additional resources for protecting the environment.

Question 19

Which of the following are identified in the text as being one of the five major drivers of globalization?

Accepted Answer

A)  Political 
B)  Social 
C)  Cultural 
D)  Economic 
E)  Productive 
A)  Political 
B)  Social 
C)  Cultural 
D)  Economic 
E)  Productive

Question 20

The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations.

Accepted Answer

A)  different from 
B)  the same as 
C)  less than 
D)  more stringent than 
E)  the opposite of 
A)  different from 
B)  the same as 
C)  less than 
D)  more stringent than 
E)  the opposite of

Only a company that has foreign operations needs to be aware of what is occurring globally in its markets and in its industry.

As used in the text,the term ____________ means all the forces influencing the life and development of the firm.

Which of the following is not true regarding foreign direct investment?

When an affiliate in one country does business with customers in another,it is operating in the foreign environment.

Which of the following is not true regarding state-owned transnational corporations?

China was the world's leading manufacturing country for about 1,800 years,until it was replaced by _____ about 1840.

According to the text,personnel working in a foreign subsidiary are not working in the international environment

In international business,the international manager has three choices in deciding what to do with a concept or a technique employed in domestic operations: (1)transfer it intact,(2)adapt it to local conditions,or (3)___________.

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

According to opponents of the globalization of trade and investment

As used in the text,the term environment means all the forces influencing the life and development of the firm.

Advances in computers,including the Internet and network computing,are examples of _____ drivers contributing to the globalization of business operations.

Expanded trade is also linked with the creation of more and _________ jobs.

According to the text,the international environment consists of which of the following interactions?

A one percentage point increase in ______ on average reduces poverty by more than 1.5 percent each year.

The expanding importance of foreign-owned firms in local economies has been viewed by a number of governments as a threat to their autonomy.However,there has been a marked _______ of government policies and attitudes toward foreign investment in both developed and developing nations in recent years.

The 17^th and 18^th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital,which expanded under the direct subsidization and protection of national governments.

Which of the following is an argument presented in support of opponents of globalization?

Which of the following are identified in the text as being one of the five major drivers of globalization?

The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations.

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters

Exam 1: The Challenging Context of International Business

Only a company that has foreign operations needs to be aware of what is occurring globally in its markets and in its industry.

As used in the text,the term ____________ means all the forces influencing the life and development of the firm.

Which of the following is not true regarding foreign direct investment?

When an affiliate in one country does business with customers in another,it is operating in the foreign environment.

Which of the following is not true regarding state-owned transnational corporations?

China was the world's leading manufacturing country for about 1,800 years,until it was replaced by _____ about 1840.

According to the text,personnel working in a foreign subsidiary are not working in the international environment

In international business,the international manager has three choices in deciding what to do with a concept or a technique employed in domestic operations: (1)transfer it intact,(2)adapt it to local conditions,or (3)___________.

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

According to opponents of the globalization of trade and investment

As used in the text,the term environment means all the forces influencing the life and development of the firm.

Advances in computers,including the Internet and network computing,are examples of _____ drivers contributing to the globalization of business operations.

Expanded trade is also linked with the creation of more and _________ jobs.

According to the text,the international environment consists of which of the following interactions?

A one percentage point increase in ______ on average reduces poverty by more than 1.5 percent each year.

The 17th and 18th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital,which expanded under the direct subsidization and protection of national governments.

Which of the following is an argument presented in support of opponents of globalization?

Which of the following are identified in the text as being one of the five major drivers of globalization?

The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations.

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters

The 17^th and 18^th centuries have frequently been termed the age of mercantilism because the power of nations depended directly on the sponsorship and control of merchant capital,which expanded under the direct subsidization and protection of national governments.