sample

International Business, 13e (Global Edition)  (Daniels/Radebaugh/Sullivan)

Chapter 1   Globalization and International Business

 

1) The broadening set of interdependent relationships among people from different parts of the world is known as ________.

1. A) globalization
2. B) offshoring
3. C) franchising
4. D) outsourcing

Answer: A

Diff: 1 Page Ref: 49

Skill: Concept

Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them?

AACSB: Multicultural and Diversity

 

2) The term globalization is sometimes used to mean the ________.

1. A) movement of jobs to high-wage countries
2. B) business being undertaken outside the confines of any nation
3. C) uneven distribution of resources and this distribution’s influence on different products and services in different parts of the world
4. D) integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people

Answer: D

Diff: 1 Page Ref: 49

Skill: Concept

Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them?

AACSB: Multicultural and Diversity

 

3) Which of the following best defines international business?

1. A) It includes all public economic flows between two or more countries.
2. B) It includes all private economic flows between two or more countries.
3. C) It includes all business transactions involving two or more countries, whether the transactions are conducted by private or governmental organizations.
4. D) It includes all business transactions in countries other than your home country.

Answer: C

Diff: 1 Page Ref: 49

Skill: Concept

Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them?

 

4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business?

1. A) The objectives for private businesses and governments are the same.
2. B) The objective of a private business is profit, whereas a government may or may not seek profit as an objective.
3. C) Governments operate strictly for nonprofit motives, but private businesses seek profits.
4. D) Governments undertake international business for more long-term objectives than private businesses do.

Answer: B

Diff: 2 Page Ref: 49

Skill: Concept

Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them?

 

5) Which of the following is NOT a reason to study international business?

1. A) Business conducted outside the confines of any one country is on the decline.
2. B) Global events affect almost all companies.
3. C) By approaching operating strategies from an international standpoint, you may be able to better obtain the resources you need.
4. D) The physical, social, and competitive conditions differ from country to country.

Answer: A

Diff: 2 Page Ref: 49-50

Skill: Concept

Objective: STUDY QUESTION 1.2: Why should you study international business?

 

6) Of the following, it is most essential for a student of business to ________.

1. A) travel widely in order to understand different business environments
2. B) take an internship with a multinational company
3. C) find employment with a company free from global competition
4. D) gain some understanding of international business

Answer: D

Diff: 1 Page Ref: 50

Skill: Application

Objective: STUDY QUESTION 1.2: Why should you study international business?

AACSB: Analytic Skills