Fundamentals of International Business Quiz
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Questions and Answers

What has happened to international business over the past two decades?

  • It has become less complex and slower
  • It has become more complex and faster (correct)
  • It has become less relevant
  • It has remained the same

Which of the following best describes international business?

  • The performance of trade and investment activities by governments and international agencies
  • The performance of trade and investment activities by firms within a specific industry
  • The performance of trade and investment activities by firms across national borders (correct)
  • The performance of trade and investment activities by firms within a country

What is the impact of international business on the quality of life and economic well-being?

  • It has a positive impact (correct)
  • It has a limited impact
  • It has a negative impact
  • It has no impact

What is the globalization of markets?

<p>The ongoing economic integration and growing interdependency of countries worldwide (A)</p> Signup and view all the answers

Why is internationalization easier to accomplish now?

<p>Because there has been an increase in the volume and variety of cross-border transactions (D)</p> Signup and view all the answers

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