Foundations of International Business Quiz
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Questions and Answers

Which of the following actions are part of international business?

  • Providing services only within a single country
  • Investing in local businesses
  • Selling products within a single country
  • Exporting and importing goods (correct)

    • Which actors are involved in international business?

  • Firms, government, and institutions (correct)
  • Institutions only
  • Government only
  • Firms only

    • What is the purpose of trade in international business?

  • To establish global institutions
  • To promote economic integration (correct)
  • To discourage foreign investment
  • To create trade barriers

    • What is the role of currency in international business?

    <p>To facilitate foreign exchange (B)</p> Signup and view all the answers

    What is the definition of international business?

    <p>A business that engages in economic activities across national borders (C)</p> Signup and view all the answers

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