Question 1

External environmental forces are commonly referred to as controllable.

Accepted Answer

A) True 
 B)False

Question 2

The forces in the international environment are the same as those in the domestic environment except that they occur in foreign nations.

Accepted Answer

A) True 
 B)False

Question 3

According to the text,the international environment is all of the uncontrollable forces originating outside the home country that surround and influence the firm.

Accepted Answer

A) True 
 B)False

Question 4

Discuss the arguments supporting and opposing globalization of trade and investment.

Accepted Answer

Answers may vary,but arguments supportin...

Question 5

A business whose activities are carried out across national borders is known as an international business.

Accepted Answer

A) True 
 B)False

Question 6

Opponents of globalization argue that globalization has produced

Accepted Answer

A)  more and better jobs.
B)  deleterious effects on labor and labor standards.
C)  uneven results across nations and people.
D)  even results across nations and people.
E)  globalization has produced uneven results across nations and people and deleterious effects on labor and labor standards.

Question 7

According to the text,the reasons international firms enter foreign markets are linked to

Accepted Answer

A)  the desire to increase profits and sales.
B)  the desire to invest excess capital from domestic markets.
C)  the desire to protect profits and sales from being eroded by competitors.
D)  the desire to increase sales and reduce costs.
E)  the desire to increase profits and sales and to protect profits and sales from being eroded by competitors.

Question 8

A global company is an organization that attempts to standardize and integrate operations worldwide in most or all functional areas.

Accepted Answer

A) True 
 B)False

Question 9

According to opponents of the globalization of trade and investment,

Accepted Answer

A)  globalization has produced uneven results across nations and people.
B)  globalization has had harmful effects on labor and labor standards.
C)  globalization has contributed to a decline in environmental and health conditions.
D)  globalization has produced uneven results across nations and people,has had harmful effects on labor and labor standards,and has contributed to a decline in environmental and health conditions.
E)  globalization has produced even results across nations.

Question 10

International business really began

Accepted Answer

A)  with the East India Company chartered in 1600.
B)  when Singer Sewing Machine put up a factory in Scotland in 1868.
C)  before the time of Christ.
D)  when Colt Fire Arms set up a plant in England.
E)  when the Ottoman Empire was established.

Question 11

Internal environmental forces are commonly referred to as controllable.

Accepted Answer

A) True 
 B)False

Question 12

The major globalization drivers include all of the following except:

Accepted Answer

A)  Political
B)  Social
C)  Technological
D)  Market
E)  Cost

Question 13

A multidomestic company is an organization that attempts to standardize and integrate operations worldwide in all functional areas.

Accepted Answer

A) True 
 B)False

Question 14

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 15

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20th century.

Accepted Answer

A) True 
 B)False

Question 16

Foreign subsidiaries must obey the local laws.If they don't,they are subject to

Accepted Answer

A)  legal action by the host country.
B)  legal action by the host country and the country of the parent company.
C)  seizure by the host government.
D)  cancellation by the parent company of its right to do business in the host country.
E)  legal action or government seizure.

Question 17

Foreign business denotes

Accepted Answer

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

Question 18

International business differs from domestic business in that a firm operating across borders must deal with what environmental forces?

Accepted Answer

A)  International
B)  Foreign
C)  Political
D)  Competitive
E)  Domestic,foreign,and international

Question 19

Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.

Accepted Answer

A) True 
 B)False

Question 20

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 termed:

Accepted Answer

A)  international business.
B)  economic globalization.
C)  foreign direct investment.
D)  political globalization.
E)  technological globalization.

Exam 1: The Challenging World of International Business

Internal environmental forces are commonly referred to as controllable.

Correct AnswerverifiedShow Answer

Foreign business denotes

Correct AnswerverifiedShow Answer

Foreign subsidiaries must obey the local laws.If they don't,they are subject to

Correct AnswerverifiedShow Answer

Opponents of globalization argue that globalization has produced

Correct AnswerverifiedShow Answer

A business whose activities are carried out across national borders is known as an international business.

Correct AnswerverifiedShow Answer

Discuss the arguments supporting and opposing globalization of trade and investment.

Correct AnswerverifiedAnswers may vary,but arguments supportin...View AnswerShow Answer

International business really began

Correct AnswerverifiedShow Answer

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20th century.

Correct AnswerverifiedShow Answer

Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.

Correct AnswerverifiedShow Answer

According to the text,the reasons international firms enter foreign markets are linked to

Correct AnswerverifiedShow Answer

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 termed:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to opponents of the globalization of trade and investment,

Correct AnswerverifiedShow Answer

External environmental forces are commonly referred to as controllable.

Correct AnswerverifiedShow Answer

The major globalization drivers include all of the following except:

Correct AnswerverifiedShow Answer

A multidomestic company is an organization that attempts to standardize and integrate operations worldwide in all functional areas.

Correct AnswerverifiedShow Answer

International business differs from domestic business in that a firm operating across borders must deal with what environmental forces?

Correct AnswerverifiedShow Answer

The forces in the international environment are the same as those in the domestic environment except that they occur in foreign nations.

Correct AnswerverifiedShow Answer

A global company is an organization that attempts to standardize and integrate operations worldwide in most or all functional areas.

Correct AnswerverifiedShow Answer

According to the text,the international environment is all of the uncontrollable forces originating outside the home country that surround and influence the firm.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Answers may vary,but arguments supportin...
View Answer

Correct Answer
verified

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20^th century.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified