Question 1

A __________ has extensive international business dealings in many foreign countries.

Accepted Answer

A)  conglomerate 
B)  wholly owned subsidiary 
C)  partnership 
D)  multinational corporation 
A)  conglomerate 
B)  wholly owned subsidiary 
C)  partnership 
D)  multinational corporation

Question 2

Businesses go global for all of the following reasons EXCEPT:

Accepted Answer

A)  to minimize domestic customers. 
B)  to increase profits through expanded operations. 
C)  to increase access to low-cost, talented workers. 
D)  to increase access to products, services, and materials. 
A)  to minimize domestic customers. 
B)  to increase profits through expanded operations. 
C)  to increase access to low-cost, talented workers. 
D)  to increase access to products, services, and materials.

Question 3

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

Accepted Answer

A) True 
 B)False

Question 4

ABC Manufacturing, a company based in the United States, buys products from China and sells them in U.S. markets. This practice refers to __________.

Accepted Answer

A)  importing 
B)  insourcing 
C)  exporting 
D)  franchising 
A)  importing 
B)  insourcing 
C)  exporting 
D)  franchising

Question 5

A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.

Accepted Answer

A)  joint venture 
B)  strategic alliance 
C)  greenfield venture 
D)  franchise 
A)  joint venture 
B)  strategic alliance 
C)  greenfield venture 
D)  franchise

Question 6

Shifting local jobs to foreign locations to take advantage of lower-wage labor in other countries is called _____________.

Accepted Answer

The answer of Shifting local jobs to foreign locations to...

Question 7

__________ takes advantage of international wage gaps by contracting for low-cost goods and services in foreign locations.

Accepted Answer

A)  Insourcing 
B)  Exporting 
C)  Global sourcing 
D)  Reshoring 
A)  Insourcing 
B)  Exporting 
C)  Global sourcing 
D)  Reshoring

Question 8

Distinguish between franchising and licensing.

Accepted Answer

In franchising, a foreign firm buys the

Question 9

When a firm grants franchising rights to a foreign firm, it is giving the foreign firm access to its:

Accepted Answer

A)  unique manufacturing technology. 
B)  special patent. 
C)  trademark. 
D)  management systems. 
A)  unique manufacturing technology. 
B)  special patent. 
C)  trademark. 
D)  management systems.

Question 10

__________ moves foreign production and jobs back to domestic locations.

Accepted Answer

A)  Outsourcing 
B)  Insourcing 
C)  Reshoring 
D)  Offshoring 
A)  Outsourcing 
B)  Insourcing 
C)  Reshoring 
D)  Offshoring

Question 11

The __________ links 14 southern African countries in trade and economic development efforts to improve prosperity and living standards for their citizens.

Accepted Answer

A)  African Union 
B)  Southern African Customs Union 
C)  Trade Union Council of South Africa 
D)  Southern Africa Development Community 
A)  African Union 
B)  Southern African Customs Union 
C)  Trade Union Council of South Africa 
D)  Southern Africa Development Community

Question 12

Importing is the process of buying goods from foreign companies and selling them overseas.

Accepted Answer

A) True 
 B)False

Question 13

The payment of a fee to use another firm's name and operating methods is called __________.

Accepted Answer

A)  licensing 
B)  franchising 
C)  importing 
D)  leasing 
A)  licensing 
B)  franchising 
C)  importing 
D)  leasing

Question 14

MNC is an acronym that stands for __________.

Accepted Answer

multinatio

Question 15

Define and differentiate between multinational and transnational corporations.

Accepted Answer

A global corporation or multinational co

Question 16

Global sourcing primarily involves:

Accepted Answer

A)  exporting products for sale. 
B)  purchasing materials, manufacturing, or services from around the world for local use. 
C)  selling a foreign firm the right to make your products. 
D)  building a plant to produce goods for sale in foreign countries. 
A)  exporting products for sale. 
B)  purchasing materials, manufacturing, or services from around the world for local use. 
C)  selling a foreign firm the right to make your products. 
D)  building a plant to produce goods for sale in foreign countries.

Question 17

Anna has purchased the rights to make and sell another company's products. Which of the following market entry approaches to international business has Anna used?

Accepted Answer

A)  Exporting 
B)  Importing 
C)  Franchising 
D)  Licensing 
A)  Exporting 
B)  Importing 
C)  Franchising 
D)  Licensing

Question 18

The reasons why businesses go global include all of the following EXCEPT:

Accepted Answer

A)  expanding profit potential. 
B)  gaining access to more customers. 
C)  reducing access to capital. 
D)  lowering the cost of materials and supplies. 
A)  expanding profit potential. 
B)  gaining access to more customers. 
C)  reducing access to capital. 
D)  lowering the cost of materials and supplies.

Question 19

ABC Manufacturers conducts commercial transactions across national boundaries. ABC Manufacturers would be classified as a(n) __________.

Accepted Answer

A)  large business 
B)  franchise 
C)  international business 
D)  foreign licensed company 
A)  large business 
B)  franchise 
C)  international business 
D)  foreign licensed company

Question 20

A joint venture arrangement usually involves all of the following EXCEPT:

Accepted Answer

A)  pooling resources. 
B)  sharing risks. 
C)  jointly operating the venture. 
D)  one firm buying out the other firm. 
A)  pooling resources. 
B)  sharing risks. 
C)  jointly operating the venture. 
D)  one firm buying out the other firm.

A __________ has extensive international business dealings in many foreign countries.

Businesses go global for all of the following reasons EXCEPT:

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

ABC Manufacturing, a company based in the United States, buys products from China and sells them in U.S. markets. This practice refers to __________.

A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.

Shifting local jobs to foreign locations to take advantage of lower-wage labor in other countries is called _____________.

__________ takes advantage of international wage gaps by contracting for low-cost goods and services in foreign locations.

Distinguish between franchising and licensing.

When a firm grants franchising rights to a foreign firm, it is giving the foreign firm access to its:

__________ moves foreign production and jobs back to domestic locations.

The __________ links 14 southern African countries in trade and economic development efforts to improve prosperity and living standards for their citizens.

Importing is the process of buying goods from foreign companies and selling them overseas.

The payment of a fee to use another firm's name and operating methods is called __________.

MNC is an acronym that stands for __________.

Define and differentiate between multinational and transnational corporations.

Global sourcing primarily involves:

Anna has purchased the rights to make and sell another company's products. Which of the following market entry approaches to international business has Anna used?

The reasons why businesses go global include all of the following EXCEPT:

ABC Manufacturers conducts commercial transactions across national boundaries. ABC Manufacturers would be classified as a(n) __________.

A joint venture arrangement usually involves all of the following EXCEPT:

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters

Exam 16: Motivation Theory and Practice

A __________ has extensive international business dealings in many foreign countries.

Businesses go global for all of the following reasons EXCEPT:

Being a loner, acting uncooperative, and being irritable are considered universal inhibitors of leadership success.

ABC Manufacturing, a company based in the United States, buys products from China and sells them in U.S. markets. This practice refers to __________.

A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.

Shifting local jobs to foreign locations to take advantage of lower-wage labor in other countries is called _____________.

__________ takes advantage of international wage gaps by contracting for low-cost goods and services in foreign locations.

Distinguish between franchising and licensing.

When a firm grants franchising rights to a foreign firm, it is giving the foreign firm access to its:

__________ moves foreign production and jobs back to domestic locations.

The __________ links 14 southern African countries in trade and economic development efforts to improve prosperity and living standards for their citizens.

Importing is the process of buying goods from foreign companies and selling them overseas.

The payment of a fee to use another firm's name and operating methods is called __________.

MNC is an acronym that stands for __________.

Define and differentiate between multinational and transnational corporations.

Global sourcing primarily involves:

Anna has purchased the rights to make and sell another company's products. Which of the following market entry approaches to international business has Anna used?

The reasons why businesses go global include all of the following EXCEPT:

ABC Manufacturers conducts commercial transactions across national boundaries. ABC Manufacturers would be classified as a(n) __________.

A joint venture arrangement usually involves all of the following EXCEPT:

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters