Question 1

International trade has historically had a major influence on industry,agriculture,and the economy of nations,but not on public health or politics.

Accepted Answer

A) True 
 B)False

Question 2

Foreign business denotes

Accepted Answer

A)  a business whose activities involve crossing national borders. 
B)  business conducted within a foreign country. 
C)  an organization with multicountry affiliates. 
D)  an organization that attempts to standardize operations worldwide. 
E)  a business with operations in multiple nations.

Question 3

The United States has only about ______ percent of the world's population,so the vast proportion of most companies' potential customers are located elsewhere.

Accepted Answer

The answer of The United States has only about ______...

Question 4

An international business

Accepted Answer

A)  is a business whose activities involve crossing national borders. 
B)  denotes the domestic operations within a foreign country. 
C)  is an organization with multicountry affiliates. 
D)  is an organization that attempts to standardize operations worldwide. 
E)  is engaged in international trade.

Question 5

The level of merchandise exports worldwide were _____ larger in 2013 than they were in 1980.

Accepted Answer

A)  four times 
B)  nearly six times 
C)  nearly eight times 
D)  nearly 10 times 
E)  23 percent

Question 6

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

Accepted Answer

A)  human resources. 
B)  finance. 
C)  raw materials. 
D)  labor. 
E)  natural resources.

Question 7

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that for developing international skills,respondents believed that a number of courses in the international business curriculum are relevant to their companies,including courses on topics related to:

Accepted Answer

A)  international legal and political issues. 
B)  introduction to international business. 
C)  international strategy and competitiveness. 
D)  international marketing. 
E)  foreign language.

Question 8

According to the text,preferential trading agreements are examples of ________ drivers of globalization.

Accepted Answer

The answer of According to the text,preferential trading agreements are...

Question 9

Decision making in the international environment is __________ it is in a purely domestic environment.

Accepted Answer

A)  less complex than 
B)  less demanding than 
C)  more complex than 
D)  about the same as 
E)  exactly the same as

Question 10

According to the text,the tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is called

Accepted Answer

A)  internationalization. 
B)  international business. 
C)  economic globalization. 
D)  multinationalization. 
E)  global integration.

Question 11

The Ottoman Empire's powerful location raised the cost of Asian trade for the Europeans and resulted in a search for sea routes to Asia.

Accepted Answer

A) True 
 B)False

Question 12

_________ refers to direct investments in equipment,structures,and organizations in a foreign country at a level sufficient to obtain significant management control.

Accepted Answer

The answer of _________ refers to direct investments in equipment,structures,and...

Question 13

The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and influence the life and development of the firm.

Accepted Answer

A)  international arena 
B)  host nation 
C)  home country 
D)  foreign country 
E)  adjoining nations

Question 14

The five major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations,include political,sociocultural,technological,market,and competitive drivers.

Accepted Answer

A) True 
 B)False

Question 15

The domestic environment is all the controllable forces originating in the home country that surround and influence the life and development of the firm.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is the best example of the competitive driver of international business activity?

Accepted Answer

A)  A manufacturing company that lobbies its home country government for protection against imports. 
B)  A company that expands its local manufacturing facility in a foreign country in order to qualify for tax rebates. 
C)  A company that searches for markets with rising gross domestic product per capita and population growth. 
D)  A company that enters a foreign competitor's home market to distract them. 
E)  A company that hires a host country manager to satisfy legislation that limits the number of expatriates that can be employed.

Question 17

Data have shown a clear and definitive link between

Accepted Answer

A)  protectionist legislation and enhanced economic welfare of a country. 
B)  liberalization of trade and reduced disparity in personal income. 
C)  government subsidies and the development of globally competitive industries. 
D)  liberalization of trade and economic growth. 
E)  liberalization of trade and the elimination of poverty.

Question 18

The rise of the Ottoman Empire before 1300

Accepted Answer

A)  eliminated trade between Europe and Asia. 
B)  reduced the cost of Asian trade for Europeans. 
C)  reduced the cost of European trade for Asians. 
D)  raised the cost of Asian trade for Americans. 
E)  promoted a search for sea routes from Europe to Asia.

Question 19

The worldwide stock of outward FDI is estimated to have increased _______ between 1990 and 2014.

Accepted Answer

A)  threefold 
B)  fivefold 
C)  ninefold 
D)  thirteenfold 
E)  seventeenfold

Question 20

According to the text,environmental elements over which management does not have control-including competitive,labor,and financial forces-are called ______ forces.

Accepted Answer

The answer of According to the text,environmental elements over which...

Exam 1: The Challenging Context of International Business

International trade has historically had a major influence on industry,agriculture,and the economy of nations,but not on public health or politics.

Foreign business denotes

The United States has only about ______ percent of the world's population,so the vast proportion of most companies' potential customers are located elsewhere.

An international business

The level of merchandise exports worldwide were _____ larger in 2013 than they were in 1980.

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

According to the text,preferential trading agreements are examples of ________ drivers of globalization.

Decision making in the international environment is __________ it is in a purely domestic environment.

According to the text,the tendency toward an international integration of goods,technology,information,labor,and capital,or the process of making this integration happen,is called

The Ottoman Empire's powerful location raised the cost of Asian trade for the Europeans and resulted in a search for sea routes to Asia.

_________ refers to direct investments in equipment,structures,and organizations in a foreign country at a level sufficient to obtain significant management control.

The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and influence the life and development of the firm.

The five major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations,include political,sociocultural,technological,market,and competitive drivers.

The domestic environment is all the controllable forces originating in the home country that surround and influence the life and development of the firm.

Which of the following is the best example of the competitive driver of international business activity?

Data have shown a clear and definitive link between

The rise of the Ottoman Empire before 1300

The worldwide stock of outward FDI is estimated to have increased _______ between 1990 and 2014.

According to the text,environmental elements over which management does not have control-including competitive,labor,and financial forces-are called ______ forces.