Question 1

The argument that free trade is the best strategy for advancing the world's economic development

Accepted Answer

A)  is one of the most contentious issues associated with economic globalization. 
B)  has received very mixed support in research studies. 
C)  is a proposition with which almost all economists agree. 
D)  is the basis for much protectionist legislation in emerging markets. 
E)  was a fundamental element underlying mercantilism in the 16th century. 
A)  is one of the most contentious issues associated with economic globalization. 
B)  has received very mixed support in research studies. 
C)  is a proposition with which almost all economists agree. 
D)  is the basis for much protectionist legislation in emerging markets. 
E)  was a fundamental element underlying mercantilism in the 16th century.

Question 2

The forces in the foreign environment are ________ as those in the domestic environment except that they occur outside the firm's home country.

Accepted Answer

the same
Explanation: The forces in the

Question 3

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

Accepted Answer

more
Explanation: Those who wo

Question 4

According to the text,personnel working in a foreign subsidiary are 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 responsible for the management of the foreign subsidiary. 
D)  if they are responsible for manufacturing activities within the foreign subsidiary. 
E)  if they are of a different race or religion than what is most common in the foreign subsidiary's 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 responsible for the management of the foreign subsidiary. 
D)  if they are responsible for manufacturing activities within the foreign subsidiary. 
E)  if they are of a different race or religion than what is most common in the foreign subsidiary's country.

Question 5

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

Accepted Answer

state-owned
Explanation: Although they r

Question 6

When a supplier to an original equipment manufacturer (e.g.,a battery manufacturer supplying an automobile producer)follows their large customer to a new country,this is an example of a ________ driver of international business activity.

Accepted Answer

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

Question 7

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 college business education, but only for those students planning to work internationally. 
C)  international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions. 
D)  the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years. 
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 college business education, but only for those students planning to work internationally. 
C)  international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions. 
D)  the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years. 
E)  foreign language proficiency should be required of all business students.

Question 8

An international company (IC)is a company headquartered in another nation.

Accepted Answer

A) True 
 B)False

Question 9

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 advanced classes in accounting or information systems. 
B)  making your boss aware of your interest in international business. 
C)  trying to meet people who work with your company's foreign subsidiaries. 
D)  working in another country as a child care provider. 
E)  taking classes in the area of international business. 
A)  taking advanced classes in accounting or information systems. 
B)  making your boss aware of your interest in international business. 
C)  trying to meet people who work with your company's foreign subsidiaries. 
D)  working in another country as a child care provider. 
E)  taking classes in the area of international business.

Question 10

The increased internationalization of business requires __________ to have a basic knowledge of international business.

Accepted Answer

A)  all managers 
B)  managers of multinationals 
C)  managers of transnationals 
D)  managers of purely domestic operations 
E)  marketing managers 
A)  all managers 
B)  managers of multinationals 
C)  managers of transnationals 
D)  managers of purely domestic operations 
E)  marketing managers

Question 11

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

Accepted Answer

foreign
Explanation: The forei

Question 12

Foreign subsidiaries must obey the local laws.If they don't,they are subject to

Accepted Answer

A)  legal action by the United Nations. 
B)  legal action by the host country and the country of the parent company. 
C)  seizure by the host government. 
D)  cancellation by the parent company of its right to do business in the host country. 
E)  seizure by the company's home country government. 
A)  legal action by the United Nations. 
B)  legal action by the host country and the country of the parent company. 
C)  seizure by the host government. 
D)  cancellation by the parent company of its right to do business in the host country. 
E)  seizure by the company's home country government.

Question 13

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

Accepted Answer

A)  human resources. 
B)  capital. 
C)  taxation. 
D)  labor. 
E)  production. 
A)  human resources. 
B)  capital. 
C)  taxation. 
D)  labor. 
E)  production.

Question 14

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

Accepted Answer

foreign
Explanation: International busin

Question 15

The internal forces,such as the factors of production and the activities of the organization,are called the uncontrollable forces.

Accepted Answer

A) True 
 B)False

Question 16

According to the text,political drivers of globalization include

Accepted Answer

A)  preferential trading agreements. 
B)  expanded barriers to trade and foreign investment. 
C)  nationalization of much of the industry in formerly communist nations. 
D)  limitations on foreign direct investment. 
E)  import barriers. 
A)  preferential trading agreements. 
B)  expanded barriers to trade and foreign investment. 
C)  nationalization of much of the industry in formerly communist nations. 
D)  limitations on foreign direct investment. 
E)  import barriers.

Question 17

Survey data from CEOs of the 162 largest firms on the Fortune's list of the 500 largest U.S.corporations revealed that the CEOs strongly believed that international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to _____ positions.

Accepted Answer

entry-level
Explanation: Surveying CEOs

Question 18

Foreign environmental forces often operate differently than domestic environmental forces because

Accepted Answer

A)  they are uncontrollable. 
B)  force values are different. 
C)  changes are readily assessed. 
D)  they are unable to be observed. 
E)  they are unrelated to each other. 
A)  they are uncontrollable. 
B)  force values are different. 
C)  changes are readily assessed. 
D)  they are unable to be observed. 
E)  they are unrelated to each other.

Question 19

The external forces are commonly called uncontrollable forces,which are the external forces that management has no direct control over,although it can exert influence.

Accepted Answer

A) True 
 B)False

Question 20

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20th century.

Accepted Answer

A) True 
 B)False

The argument that free trade is the best strategy for advancing the world's economic development

The forces in the foreign environment are ________ as those in the domestic environment except that they occur outside the firm's home country.

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

According to the text,personnel working in a foreign subsidiary are working in the international environment

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

When a supplier to an original equipment manufacturer (e.g.,a battery manufacturer supplying an automobile producer)follows their large customer to a new country,this is an example of a ________ driver of international business activity.

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

An international company (IC)is a company headquartered in another nation.

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

The increased internationalization of business requires __________ to have a basic knowledge of international business.

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

Foreign subsidiaries must obey the local laws.If they don't,they are subject to

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

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

The internal forces,such as the factors of production and the activities of the organization,are called the uncontrollable forces.

According to the text,political drivers of globalization include

Foreign environmental forces often operate differently than domestic environmental forces because

The external forces are commonly called uncontrollable forces,which are the external forces that management has no direct control over,although it can exert influence.

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20^th century.

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

The argument that free trade is the best strategy for advancing the world's economic development

The forces in the foreign environment are ________ as those in the domestic environment except that they occur outside the firm's home country.

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

According to the text,personnel working in a foreign subsidiary are working in the international environment

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

When a supplier to an original equipment manufacturer (e.g.,a battery manufacturer supplying an automobile producer)follows their large customer to a new country,this is an example of a ________ driver of international business activity.

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

An international company (IC)is a company headquartered in another nation.

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

The increased internationalization of business requires __________ to have a basic knowledge of international business.

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

Foreign subsidiaries must obey the local laws.If they don't,they are subject to

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

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

The internal forces,such as the factors of production and the activities of the organization,are called the uncontrollable forces.

According to the text,political drivers of globalization include

Foreign environmental forces often operate differently than domestic environmental forces because

The external forces are commonly called uncontrollable forces,which are the external forces that management has no direct control over,although it can exert influence.

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20th century.

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

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20^th century.