Which Of The Following Best Defines International Business?

1. The broadening set of interdependent relationships among people from different parts of the world is known as ________. a. globalization b. Offshoring c. international business d. outsourcing 2. The term globalization is sometimes used to mean the ________. a. movement of jobs to low-wage countries b. business being undertaken outside the confines of any nation c. Uneven distribution of resources and their 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 .

Which of the following best defines international business? a.

It includes all 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 organizations and governments conduct international business? a.

The objectives for private organizations and governments are the same. b. The private organization’s objective is profit, whereas a government may or may not seek profit as an objective. c. Governments operate strictly for nonprofit motives, but private organizations seek profits. d. Governments undertake international business for more long-term objectives than private companies do. 5. The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.

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a. Acquiring resources b. Minimizing risk . Offshoring d. Sales expansion 6. An example of a U. S. merchandise import is an automobile made in ________ and sold ________. a. The United States by a Japanese company; in the United States b. The United States by a Japanese company; outside the United States c. Japan by a Japanese company: in the United States d. Japan by a U. S. company; outside the United States 7.. An example of a Japanese service export is a visit by a ________. a. Japanese citizen to Disneyland in the United States b. Japanese citizen to the Japan Pavilion at Epcot Center in the United States c. U. S. itizen to the Japan Pavilion at Epcot Center in the United States d. U. S. citizen to Tokyo Disneyland in Japan 8. A foreign direct investment occurs ________. a. Only when a company owns more than 50 percent of a foreign firm b. When a company controls a company abroad c. When foreign ownership is in private rather than government securities d. With the purchase of a foreign firm rather than the establishment of a new company abroad 9. Which of the following is an example of an international portfolio investment? a. Foreign ownership of bonds b. Ownership of patents used by a foreign company . A jointly owned foreign company d. One of a group of several foreign companies wholly owned by the same investor 10. A multinational enterprise (MNE) is one that is ________. a. among the world’s 500 largest companies b. owned and managed by companies whose headquarters are split among different countries c. licensed to operate by the United Nations Transnational Center d. willing to consider market and production locations anywhere in the world 11. A company starting out with a global focus, usually because of the international experience of its founders, is called a ________. . multinational enterprise b. transnational company c. strategically allied company d. born-global company 12. The fact that flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same markets is due primarily to ________. a. the development of new strains of flowers that last longer b. advancements in communications c. advancements in transportation d. cross-national success in fighting insects that move internationally on plants 13. Which of the following is a reason that international business has recently grown at such a rapid pace? . the end of the political schism between the Communist and non-Communist blocs b. stricter government policies on cross-border movements c. decreasing global competition d. None of the above 14. 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.

Creolization Refers To ________.

The physical, social, and competitive conditions differ from country to country. 15. In a(n) ________culture, people tend to regard seemingly peripheral information as pertinent to decision making and infer meanings from things that people say either indirectly or casually. a. pragmatist b. idealist c. fatalistic d. high-context 16. _____ consists of specific learned norms based on attitudes, values, and beliefs of a group of people. a. Ethnology b. Civilization c. Culture d. Doctrine 17. A major problem when cultures collide in international business occurs when ________. . a company’s employees encounter distress because of difficulty in accepting or adjusting to foreign behaviors b. Employees disagree on the style of art for decorating the office c. Local people have no expectation that foreigners should adjust to their culture d. Companies understand and adjust to the national cultures in which they do business 18. A problem of using the nation as a reference point for culture is that ________. a. Nations fail to mediate the different interests within their boundaries b. Self-stereotypes tend to fall along national lines . Such an approach tends to be polycentric d. Variations tend to be great within a country 19. Creolization refers to ________. a. Government efforts to maintain a distinct cultural identity b. The process of mixing elements of an outside culture to a national culture c. The use of stereotypes to describe a culture d. Changes as cultures evolve over time 20. _____ peoples account for the largest percentage of global production. a. English-speaking b. Mandarin-speaking c. French-speaking d. Spanish-speaking