Question 1

Which of the following was not presented as data in support of liberalization of trade?

Accepted Answer

A)  More people have become better off at a faster pace in the past 60 years than at any other time in history. 
B)  There has been a dramatic decline in both the proportion and the absolute number of destitute people in the world, with those living in extreme poverty falling by half between 1990 and 2010. 
C)  Life expectancy in the developing world has nearly doubled since World War II. 
D)  Citizens from more globally integrated countries have lower levels of civil liberties but greater economic prosperity. 
E)  The proportion of children in the labor force has fallen by approximately two-thirds since 1960. 
A)  More people have become better off at a faster pace in the past 60 years than at any other time in history. 
B)  There has been a dramatic decline in both the proportion and the absolute number of destitute people in the world, with those living in extreme poverty falling by half between 1990 and 2010. 
C)  Life expectancy in the developing world has nearly doubled since World War II. 
D)  Citizens from more globally integrated countries have lower levels of civil liberties but greater economic prosperity. 
E)  The proportion of children in the labor force has fallen by approximately two-thirds since 1960.

Question 2

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

Accepted Answer

A)  taking classes in the area of international business. 
B)  going abroad to study. 
C)  going abroad to work as a teacher or bartender. 
D)  getting a well-paid domestic internship. 
E)  volunteering in community development activities in another country. 
A)  taking classes in the area of international business. 
B)  going abroad to study. 
C)  going abroad to work as a teacher or bartender. 
D)  getting a well-paid domestic internship. 
E)  volunteering in community development activities in another country.

Question 3

Which of the following statements is not true?

Accepted Answer

A)  The first multinational company, Singer Sewing Machine, built a factory in Scotland in 1868. 
B)  By 1914, at least 37 U.S. companies had production facilities in two or more overseas locations. 
C)  In the 1920s, all cars sold in Japan were made in the United States. 
D)  Friedrich Bayer purchased an interest in a New York plant in 1865. 
E)  The level of intracompany trade of multinationals in 1930, as a percentage of total world trade, may have exceeded the proportion at the end of the 20th century. 
A)  The first multinational company, Singer Sewing Machine, built a factory in Scotland in 1868. 
B)  By 1914, at least 37 U.S. companies had production facilities in two or more overseas locations. 
C)  In the 1920s, all cars sold in Japan were made in the United States. 
D)  Friedrich Bayer purchased an interest in a New York plant in 1865. 
E)  The level of intracompany trade of multinationals in 1930, as a percentage of total world trade, may have exceeded the proportion at the end of the 20th century.

Question 4

Research has shown that CEOs strongly believed (1)an international orientation should be an important part of college business education; (2)international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to entry-level positions,and across a broad array of functional as well as cross-functional areas; and (3)the importance indicated in the preceding points was magnified for companies that anticipated _______ importance of international activities in the next five years.

Accepted Answer

increasing
Explanation: Research has sho

Question 5

All managers need to have a basic knowledge of international business.

Accepted Answer

A) True 
 B)False

Question 6

A classic example of diametrically opposed ______-force values and the bewilderment they create for multinational managers is the sanctions placed on Russia and selected Russian companies in response to Russia's actions in the Ukraine in 2014.

Accepted Answer

political
Explanation: A classic example

Question 7

Discuss the arguments supporting and opposing globalization of trade and investment.

Accepted Answer

Answers may vary,but arguments supportin

Question 8

According to opponents of the globalization of trade and investment

Accepted Answer

A)  free trade benefits all nations and workers. 
B)  globalization has caused a dramatic decline in both the proportion and the absolute number of destitute people in the world. 
C)  globalization has contributed to a decline in environmental and health conditions. 
D)  globalization enhances preservation of the uniqueness of different cultures. 
E)  citizens from more globally integrated countries have lower levels of civil liberties and lower economic prosperity. 
A)  free trade benefits all nations and workers. 
B)  globalization has caused a dramatic decline in both the proportion and the absolute number of destitute people in the world. 
C)  globalization has contributed to a decline in environmental and health conditions. 
D)  globalization enhances preservation of the uniqueness of different cultures. 
E)  citizens from more globally integrated countries have lower levels of civil liberties and lower economic prosperity.

Question 9

While international business as a discipline is relatively new,international business as a business practice is not.

Accepted Answer

A) True 
 B)False

Question 10

The term "Bottom of the ________," popularized by the late Professor
C. K. Prahalad, refers to the approximately 3 billion of the world's poorest inhabitants who survive on less than $2 per day.
C. K. Prahalad, refers to the approximately 3 billion of the world's poorest inhabitants who survive on less than $2 per day.
The term "Bottom of the Pyramid," popularized by the late Professor

Accepted Answer

The answer of The term "Bottom of the ________," popularized...

Question 11

If Xiaomi's China operations export smartphones to another country such as India,then the sales manager is affected by forces of both the domestic environment of China and the foreign environment of India and therefore is working in the ______ environment.

Accepted Answer

international
Explanation: In other word

Question 12

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

Accepted Answer

A)  The United States 
B)  Germany 
C)  India 
D)  France 
E)  China 
A)  The United States 
B)  Germany 
C)  India 
D)  France 
E)  China

Question 13

_______ refers to the transportation of any domestic good or service to a destination inside a country or region,from a foreign origination point.

Accepted Answer

A)  Importing 
B)  Foreign direct investment 
C)  Exporting 
D)  International business 
E)  International logistics 
A)  Importing 
B)  Foreign direct investment 
C)  Exporting 
D)  International business 
E)  International logistics

Question 14

The 17th and 18th centuries have frequently been termed the age of mercantilism because

Accepted Answer

A)  the merchant class was created during this time. 
B)  the Americas were discovered. 
C)  business became more important than politics. 
D)  national power depended on the sponsorship and control of merchant capital. 
E)  free trade replaced trade controlled by national governments. 
A)  the merchant class was created during this time. 
B)  the Americas were discovered. 
C)  business became more important than politics. 
D)  national power depended on the sponsorship and control of merchant capital. 
E)  free trade replaced trade controlled by national governments.

Question 15

According to the text,there are _____ major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations.

Accepted Answer

five
Explanation: According to the text,

Question 16

The __________ environment consists of the interactions between the domestic environmental forces and the foreign environmental forces,as well as interactions between the foreign environmental forces of two countries.

Accepted Answer

international
Explanation: The internati

Question 17

The foreign environment is composed of all the uncontrollable forces originating _______ that surround and influence the life and development of the firm.

Accepted Answer

A)  in the host country 
B)  in the home country 
C)  outside the host country 
D)  outside the home country 
E)  globally 
A)  in the host country 
B)  in the home country 
C)  outside the host country 
D)  outside the home country 
E)  globally

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

The __________ is probably the biggest cause of international business blunders.

Accepted Answer

self-reference criterion
Expla

Question 20

Which of the following is not linked to the market driver of international business activity?

Accepted Answer

A)  Searching for markets with rising gross domestic product per capita and population growth. 
B)  Identifying economies where one's company is not doing business but which are growing much faster than their own home country. 
C)  A manufacturing company that follows its customers to foreign markets in order to be able to supply them. 
D)  A company that moves its manufacturing operations to another country because labor costs are lower. 
E)  An accounting company that establishes foreign operations in markets where their principal accounts are located. 
A)  Searching for markets with rising gross domestic product per capita and population growth. 
B)  Identifying economies where one's company is not doing business but which are growing much faster than their own home country. 
C)  A manufacturing company that follows its customers to foreign markets in order to be able to supply them. 
D)  A company that moves its manufacturing operations to another country because labor costs are lower. 
E)  An accounting company that establishes foreign operations in markets where their principal accounts are located.

Which of the following was not presented as data in support of liberalization of trade?

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

Which of the following statements is not true?

All managers need to have a basic knowledge of international business.

A classic example of diametrically opposed ______-force values and the bewilderment they create for multinational managers is the sanctions placed on Russia and selected Russian companies in response to Russia's actions in the Ukraine in 2014.

Discuss the arguments supporting and opposing globalization of trade and investment.

According to opponents of the globalization of trade and investment

While international business as a discipline is relatively new,international business as a business practice is not.

If Xiaomi's China operations export smartphones to another country such as India,then the sales manager is affected by forces of both the domestic environment of China and the foreign environment of India and therefore is working in the ______ environment.

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

_______ refers to the transportation of any domestic good or service to a destination inside a country or region,from a foreign origination point.

The 17^th and 18^th centuries have frequently been termed the age of mercantilism because

According to the text,there are _____ major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations.

The __________ environment consists of the interactions between the domestic environmental forces and the foreign environmental forces,as well as interactions between the foreign environmental forces of two countries.

The foreign environment is composed of all the uncontrollable forces originating _______ that surround and influence the life and development of the firm.

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

The __________ is probably the biggest cause of international business blunders.

Which of the following is not linked to the market driver of international business activity?

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

Which of the following was not presented as data in support of liberalization of trade?

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

Which of the following statements is not true?

All managers need to have a basic knowledge of international business.

A classic example of diametrically opposed ______-force values and the bewilderment they create for multinational managers is the sanctions placed on Russia and selected Russian companies in response to Russia's actions in the Ukraine in 2014.

Discuss the arguments supporting and opposing globalization of trade and investment.

According to opponents of the globalization of trade and investment

While international business as a discipline is relatively new,international business as a business practice is not.

If Xiaomi's China operations export smartphones to another country such as India,then the sales manager is affected by forces of both the domestic environment of China and the foreign environment of India and therefore is working in the ______ environment.

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

_______ refers to the transportation of any domestic good or service to a destination inside a country or region,from a foreign origination point.

The 17th and 18th centuries have frequently been termed the age of mercantilism because

According to the text,there are _____ major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations.

The __________ environment consists of the interactions between the domestic environmental forces and the foreign environmental forces,as well as interactions between the foreign environmental forces of two countries.

The foreign environment is composed of all the uncontrollable forces originating _______ that surround and influence the life and development of the firm.

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

The __________ is probably the biggest cause of international business blunders.

Which of the following is not linked to the market driver of international business activity?

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