Question 1

Apart from the company management, who might be the other international business stakeholders associated with a multinational organization?

Accepted Answer

The answer of Apart from the company management, who might...

Question 2

A(n) _____ is defined as somebody who sells products and services in foreign countries that are sourced from its home country.

Accepted Answer

A)  entrepreneur 
B)  importer 
C)  stakeholder 
D)  exporter 
E)  intrapreneur

Question 3

The virtue approach refers to the approach which ensures that an action:

Accepted Answer

A)  contributes most to the quality of life of the people affected. 
B)  treats people fairly. 
C)  results in the greatest good for the greatest number of people. 
D)  respects the rights of everyone involved. 
E)  embodies the character strengths that one values.

Question 4

Foreign direct investment means that a firm is:

Accepted Answer

A)  investing assets into a foreign country's share market. 
B)  investing assets directly into a foreign country's organizations. 
C)  loaning out interest free sums to a foreign country for infrastructural development. 
D)  investing government funds to accelerate urban development of a foreign country. 
E)  allowing its foreign competitors to make use of its infrastructural facilities.

Question 5

A stakeholder refers to a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.

Accepted Answer

A) True 
 B)False

Question 6

The first stage of global development, according to Friedman, was characterized by:

Accepted Answer

A)  the growth of European mercantile stock companies. 
B)  the ascension of multinational companies. 
C)  advances in global electronic interconnectivity. 
D)  the introduction of modern communications and cheaper shipping costs. 
E)  how much industrial power countries could produce and apply.

Question 7

The flat-world view is largely credited to Milton Friedman.

Accepted Answer

A) True 
 B)False

Question 8

Global business professionals conduct stakeholder analysis in order to understand how operations in different countries impact the overall corporate strategy.

Accepted Answer

A) True 
 B)False

Question 9

What are the activities undertaken by the international operations arm of an organization?

Accepted Answer

The answer of What are the activities undertaken by the...

Question 10

The ideas of entrepreneurship can be applied to:

Accepted Answer

A)  only existing organizations. 
B)  only new ventures. 
C)  ventures, old and new. 
D)  only private enterprises. 
E)  governments only.

Question 11

A _____ is the central, integrated, and externally oriented concept of how an organization will achieve its performance objectives.

Accepted Answer

The answer of A _____ is the central, integrated, and...

Question 12

Define globalization.

Accepted Answer

The answer of Define globalization....

Question 13

A business can be a person or organization engaged in commerce with the aim of achieving a profit.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction

Apart from the company management, who might be the other international business stakeholders associated with a multinational organization?

A(n) _____ is defined as somebody who sells products and services in foreign countries that are sourced from its home country.

The virtue approach refers to the approach which ensures that an action:

Foreign direct investment means that a firm is:

A stakeholder refers to a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.

The first stage of global development, according to Friedman, was characterized by:

The flat-world view is largely credited to Milton Friedman.

Global business professionals conduct stakeholder analysis in order to understand how operations in different countries impact the overall corporate strategy.

What are the activities undertaken by the international operations arm of an organization?

The ideas of entrepreneurship can be applied to:

A _____ is the central, integrated, and externally oriented concept of how an organization will achieve its performance objectives.

Define globalization.

A business can be a person or organization engaged in commerce with the aim of achieving a profit.