Question 1

UNCTAD,an agency of the United Nations,estimates there are __________ transnational corporations with international production activities.

Accepted Answer

A)  5,500 
B)  12,000 
C)  82,000 
D)  120,000 
E)  more than 800,000 
A)  5,500 
B)  12,000 
C)  82,000 
D)  120,000 
E)  more than 800,000

Question 2

When a government sees that local industry is threatened by imports,it can threaten to erect import barriers to stop or reduce these imports.This is an example of a ________ driver of international business activity.

Accepted Answer

A)  technological 
B)  market 
C)  political 
D)  cost 
E)  competitive 
A)  technological 
B)  market 
C)  political 
D)  cost 
E)  competitive

Question 3

Due to the expanding importance of foreign-owned firms in local economies,host governments have made their policies toward these companies

Accepted Answer

A)  more strict. 
B)  more liberal. 
C)  harsher. 
D)  more confronting. 
E)  inflexible. 
A)  more strict. 
B)  more liberal. 
C)  harsher. 
D)  more confronting. 
E)  inflexible.

Question 4

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

Accepted Answer

A)  raw materials. 
B)  capital. 
C)  finance. 
D)  labor. 
E)  marketing. 
A)  raw materials. 
B)  capital. 
C)  finance. 
D)  labor. 
E)  marketing.

Question 5

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 that

Accepted Answer

A)  all business students should major in international business. 
B)  an international orientation should be an important part of a college business education, but only for those students planning to work internationally. 
C)  international business skills and knowledge were important for appointment to entry-level positions. 
D)  international business skills and knowledge were critical for promotion to senior executive positions in all companies. 
E)  foreign language proficiency should be required of all business students. 
A)  all business students should major in international business. 
B)  an international orientation should be an important part of a college business education, but only for those students planning to work internationally. 
C)  international business skills and knowledge were important for appointment to entry-level positions. 
D)  international business skills and knowledge were critical for promotion to senior executive positions in all companies. 
E)  foreign language proficiency should be required of all business students.

Question 6

Expanded international trade is linked with the creation of more and better jobs.

Accepted Answer

A) True 
 B)False

Question 7

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

Accepted Answer

A) True 
 B)False

Question 8

The level of service exports worldwide increased about _______ between 1980 and 2013.

Accepted Answer

A)  fourfold 
B)  sixfold 
C)  tenfold 
D)  twelvefold 
E)  seventeenfold 
A)  fourfold 
B)  sixfold 
C)  tenfold 
D)  twelvefold 
E)  seventeenfold

Question 9

Globalization has produced uneven results across nations and people.

Accepted Answer

A) True 
 B)False

Question 10

International business differs from domestic business in that a firm operating across borders must deal with the forces of three kinds of environments-domestic,foreign,and global.

Accepted Answer

A) True 
 B)False

Question 11

According to the text,the tendency toward an international integration of goods,technology,information,labor and capital,or the process of making this integration happen,is termed

Accepted Answer

A)  international business. 
B)  economic globalization. 
C)  foreign direct investment. 
D)  socialism. 
E)  global capitalism. 
A)  international business. 
B)  economic globalization. 
C)  foreign direct investment. 
D)  socialism. 
E)  global capitalism.

Question 12

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from

Accepted Answer

A)  the United States to South America. 
B)  the Americas and Europe to Asia. 
C)  Europe and Asia to Africa. 
D)  China to India. 
E)  East Asia to South America. 
A)  the United States to South America. 
B)  the Americas and Europe to Asia. 
C)  Europe and Asia to Africa. 
D)  China to India. 
E)  East Asia to South America.

Question 13

UNCTAD,the United Nations agency in charge of all matters relating to FDI and international corporations,estimates there are 82,000 transnational corporations with international production activities and that these transnationals account for approximately _____ percent of total global output.

Accepted Answer

25
Explanation: UNCTAD, the United Natio

Question 14

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

Accepted Answer

A)  Monetary 
B)  Technological 
C)  Cultural 
D)  Market 
E)  Communications 
A)  Monetary 
B)  Technological 
C)  Cultural 
D)  Market 
E)  Communications

Question 15

The tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is referred to as ___________.

Accepted Answer

economic globalizati

Question 16

International business really began

Accepted Answer

A)  with the East India Company chartered in 1600. 
B)  when Singer Sewing Machine put up a factory in Scotland in 1868. 
C)  before the time of Christ. 
D)  when Colt Fire Arms set up a plant in England. 
E)  when the Ottoman Empire was established. 
A)  with the East India Company chartered in 1600. 
B)  when Singer Sewing Machine put up a factory in Scotland in 1868. 
C)  before the time of Christ. 
D)  when Colt Fire Arms set up a plant in England. 
E)  when the Ottoman Empire was established.

Question 17

Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.

Accepted Answer

Answers may vary,but should ad

Question 18

International business differs from domestic business in that a firm operating across borders must deal with

Accepted Answer

A)  the foreign environment and the international environment. 
B)  two of the international environment, the domestic environment, and the global environment. 
C)  all three of the domestic environment, the foreign environment, and the global environment. 
D)  the international environment. 
E)  all three of the international environment, the domestic environment, and the foreign environment. 
A)  the foreign environment and the international environment. 
B)  two of the international environment, the domestic environment, and the global environment. 
C)  all three of the domestic environment, the foreign environment, and the global environment. 
D)  the international environment. 
E)  all three of the international environment, the domestic environment, and the foreign environment.

Question 19

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as

Accepted Answer

A)  controllable and uncontrollable. 
B)  controllable and uncontrollable as well as internal and external. 
C)  domestic and foreign. 
D)  internal and external. 
E)  domestic and foreign as well as controllable and uncontrollable. 
A)  controllable and uncontrollable. 
B)  controllable and uncontrollable as well as internal and external. 
C)  domestic and foreign. 
D)  internal and external. 
E)  domestic and foreign as well as controllable and uncontrollable.

Question 20

Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment is known as the ________ criterion.

Accepted Answer

self-reference
Explanation: Un

UNCTAD,an agency of the United Nations,estimates there are __________ transnational corporations with international production activities.

When a government sees that local industry is threatened by imports,it can threaten to erect import barriers to stop or reduce these imports.This is an example of a ________ driver of international business activity.

Due to the expanding importance of foreign-owned firms in local economies,host governments have made their policies toward these companies

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

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 that

Expanded international trade is linked with the creation of more and better jobs.

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

The level of service exports worldwide increased about _______ between 1980 and 2013.

Globalization has produced uneven results across nations and people.

International business differs from domestic business in that a firm operating across borders must deal with the forces of three kinds of environments-domestic,foreign,and global.

According to the text,the tendency toward an international integration of goods,technology,information,labor and capital,or the process of making this integration happen,is termed

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from

UNCTAD,the United Nations agency in charge of all matters relating to FDI and international corporations,estimates there are 82,000 transnational corporations with international production activities and that these transnationals account for approximately _____ percent of total global output.

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

The tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is referred to as ___________.

International business really began

Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.

International business differs from domestic business in that a firm operating across borders must deal with

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as

Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment is known as the ________ criterion.

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

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Exam 1: The Challenging Context of International Business

UNCTAD,an agency of the United Nations,estimates there are __________ transnational corporations with international production activities.

When a government sees that local industry is threatened by imports,it can threaten to erect import barriers to stop or reduce these imports.This is an example of a ________ driver of international business activity.

Due to the expanding importance of foreign-owned firms in local economies,host governments have made their policies toward these companies

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

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 that

Expanded international trade is linked with the creation of more and better jobs.

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

The level of service exports worldwide increased about _______ between 1980 and 2013.

Globalization has produced uneven results across nations and people.

International business differs from domestic business in that a firm operating across borders must deal with the forces of three kinds of environments-domestic,foreign,and global.

According to the text,the tendency toward an international integration of goods,technology,information,labor and capital,or the process of making this integration happen,is termed

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from

UNCTAD,the United Nations agency in charge of all matters relating to FDI and international corporations,estimates there are 82,000 transnational corporations with international production activities and that these transnationals account for approximately _____ percent of total global output.

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

The tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is referred to as ___________.

International business really began

Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.

International business differs from domestic business in that a firm operating across borders must deal with

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as

Unconscious reference to your own cultural values when judging behaviors of others in a new and different environment is known as the ________ criterion.

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