Deck 16: People in the Mne

Question 1

BRIC is an acronym for the emerging economies of Brazil, Romania, India and China.

Answer 1

False

Question 2

The most fundamental question in international business is: What determines the success and failure of a firm's foreign entry?

Answer 2

False

Question 3

Which of the following does not create a 'liability of outsidership'?

A)Lack of experience,
B)Being a foreigner,
C)Lack of business networks,
D)Being a native?

Answer 3

D

Question 4

What is defined as 'a process leading to greater interdependence and mutual awareness (reflexivity)among economics, political and social units in the world, and among actors in general'?

A)Europeanization,
B)EU Integration,
C)Globalization,
D)International Trade

Question 5

______ refers to 'the world through the lens of their own culture and belief in the superiority of that culture'.

A)Ethnocentric perspective,
B)Not-invented-here syndrome,
C)Best practice,
D)Superior practice

Question 6

The 'base of the pyramid' refers to which group of people?

A)Citizens of the Southern Hemisphere,
B)People in countries bordering the Mediterranean Sea,
C)People earning less than €1,500 a year,
D)People earning less than €2,000 a month?

Question 7

Purchasing power parity (PPP)is an adjustment made to the GDP to reflect differences in the cost of living.

Question 8

_______ refers to 'the identification and assessment of risks and the action taken to minimize the impact of high-risk unfortunate events'.

A)Scenario planning,
B)Risk management,
C)Political risk,
D)Loss accounting

Question 9

The two core perspectives of international business are the institution-based view and the environmentalist-based view.

Question 10

The liability of outsidership is the inherent disadvantage that foreign firms experience in a new environment because of their lack of familiarity with local contexts and networks.