International Business Test Bank Questions and Answers Rated A+

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1) The broadening set of interdependent relationships among people from different parts of the world is known as ________. A) globalization B) offshoring C) franchising D) outsourcing 2) The ter... m globalization is sometimes used to mean the ________. A) movement of jobs to high-wage countries B) business being undertaken outside the confines of any nation C) uneven distribution of resources and this distribution's influence on different products and services in different parts of the world D) integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people 3) Which of the following best defines international business? A) It includes all public economic flows between two or more countries. B) It includes all private economic flows between two or more countries. C) It includes all business transactions involving two or more countries, whether the transactions are conducted by private or governmental organizations. D) It includes all business transactions in countries other than your home country. 4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business? A) The objectives for private businesses and governments are the same. B) The objective of a private business is profit, whereas a government may or may not seek profit as an objective. C) Governments operate strictly for nonprofit motives, but private businesses seek profits. D) Governments undertake international business for more long-term objectives than private businesses do. 5) Which of the following is NOT a reason to study international business? A) Business conducted outside the confines of any one country is on the decline. B) Global events affect almost all companies. C) By approaching operating strategies from an international standpoint, you may be able to better obtain the resources you need. D) The physical, social, and competitive conditions differ from country to country. 1 6) Of the following, it is most essential for a student of business to ________. A) travel widely in order to understand different business environments B) take an internship with a multinational company C) find employment with a company free from global competition D) gain some understanding of international business 7) In terms of international business, it is most accurate to say that ________. A) there is a universal "best way" to conduct business B) global competition affects large companies but not small ones C) most companies, regardless of industry, depend either on foreign markets and supplies or compete against companies that do D) government regulation of international business has little effect on a company's profits 8) Even if you never have direct international responsibilities, an understanding of some of the complexities of international business may be useful to you because ________. A) it is essential for most managerial job interviews B) it may help you make more informed operational decisions C) you will need to supervise and evaluate subordinates who have international responsibilities D) you should understand importing and exporting in order to be promoted 9) The shifting of national borders has created which of the following situations for international business? A) It has left most people who reside in rural areas with only the barest connection to the rest of the world. B) It has complicated the understanding of behavioral factors affecting business. C) It has made comparisons of historical data on international transactions problematic. D) It has slowed communications between a company's headquarters and foreign operations. 10) Which of the following is an indication of the increased globalization of business since the end of World War II? A) World trade has grown more rapidly than world production in almost every year. B) Most countries now depend on foreign output for more than half their consumption. C) Foreign ownership of assets has leveled off. D) Countries have increased their import restrictions to counter the rising tide of imports. [Show More]

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