Question 1

In the United States, the most important stakeholder is

Accepted Answer

A)   The stockholder
B)   The customer
C)   The supplier
D)   The community A

Question 2

The external environment of industrialized countries is

Accepted Answer

A)   Stable and easy to understand
B)   Volatile with drastic shifts
C)   Influenced by industrialist
D)   None of the above A

Question 3

In a symbiotic stakeholder relationship, a company

Accepted Answer

A)   Establishes relationship with at least five stakeholders
B)   Establishes relationship with at least two of the stakeholders
C)   Establishes relationship with two or more stakeholders
D)   Establishes relationship with all stakeholders D

Question 4

In planning entry into foreign markets, international companies need to

Accepted Answer

A)   Understand the geography of the world
B)   Be aware of the various types of governments that rule foreign countries
C)   Gather information about environments, customers, market forces, and competition
D)   Know the cultural dimensions prevalent in societies of the world

Question 5

An international company owned and managed by nationals from different countries is called a transnational corporation (TNC).

Accepted Answer

A) True 
 B)False

Question 6

How do international companies use research?

Accepted Answer

The answer of How do international companies use research?...

Question 7

What are the ways in which companies get involved in international business?

Accepted Answer

The answer of What are the ways in which companies...

Question 8

Intense global competition has forced companies to seek growth in their domestic markets.

Accepted Answer

A) True 
 B)False

Question 9

Progressive reduction of trade barriers among nations through the efforts of WTO has stimulated cross-border trade between countries.

Accepted Answer

A) True 
 B)False

Question 10

Stakeholders are defined as

Accepted Answer

A)   All those who are involved in the production of goods and services
B)   Individuals or groups inside or outside an organization that has stake in and can influence an organization's performance
C)   All the parties that make up the political systems of a country
D)   Business organizations and trade associations that have influence over a company

Question 11

Stakeholders are less important in an international business context.

Accepted Answer

A) True 
 B)False

Question 12

As stakeholders, the major concerns of customers is

Accepted Answer

A)   Availability of goods and satisfaction after usage
B)   Discount prices and value for their money
C)   Quality, satisfaction, and value
D)   Excellent after sales service

Question 13

An international company is involved with

Accepted Answer

A)   Conducting various types of business transactions across countries
B)   Shipping goods
C)   Selling goods and services in its home country
D)   Acquiring companies

Question 14

Identify and explain the reasons why companies seek foreign markets.

Accepted Answer

The answer of Identify and explain the reasons why companies...

Question 15

International research is useful in

Accepted Answer

A)   Identifying target markets and measuring market potential
B)   Building relationships with suppliers
C)   Establishing diplomatic ties with foreign countries
D)   Understanding the political landscape of a country

Question 16

Corporate social responsibility (CSR) is defined as

Accepted Answer

A)   The social behavior of a company's customers
B)   The corporate culture of a company
C)   The economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time
D)   The political influence of a company

Question 17

Growth in international business activities are led by

Accepted Answer

A)   Government initiatives
B)   The demand for goods and services among the rich countries of the world
C)   The humanitarian concerns of international companies
D)   Many forces including the saturation of domestic markets and profit opportunities in foreign markets

Question 18

Corporate social responsibility (CSR) implies that companies are responsible for both the economic as well as the ethical expectations that society has on an organization.

Accepted Answer

A) True 
 B)False

Question 19

International companies use research to identify market potential.

Accepted Answer

A) True 
 B)False

Question 20

Conducting international business research is a straightforward and simple process.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction and Overview

In the United States, the most important stakeholder is

The external environment of industrialized countries is

In a symbiotic stakeholder relationship, a company

In planning entry into foreign markets, international companies need to

An international company owned and managed by nationals from different countries is called a transnational corporation (TNC).

How do international companies use research?

What are the ways in which companies get involved in international business?

Intense global competition has forced companies to seek growth in their domestic markets.

Progressive reduction of trade barriers among nations through the efforts of WTO has stimulated cross-border trade between countries.

Stakeholders are defined as

Stakeholders are less important in an international business context.

As stakeholders, the major concerns of customers is

An international company is involved with

Identify and explain the reasons why companies seek foreign markets.

International research is useful in

Corporate social responsibility (CSR) is defined as

Growth in international business activities are led by

Corporate social responsibility (CSR) implies that companies are responsible for both the economic as well as the ethical expectations that society has on an organization.

International companies use research to identify market potential.

Conducting international business research is a straightforward and simple process.