International Business Knowledge Quiz
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Questions and Answers

What does international business involve?

  • Trade of goods and services within a single country
  • Trade of goods and services within a continent
  • Trade of goods, services, technology, capital, and/or knowledge across national borders (correct)
  • Trade of goods and services within a region

    • What is one of the macro-scale factors underlying the trend of greater globalization?

  • Imposing strict trade regulations
  • Restricting technological advancements
  • Eliminating barriers to make cross-border trade easier (correct)
  • Promoting isolationism

    • What is another term for international business?

  • Globalization (correct)
  • Local business
  • Regional business
  • Domestic business

    • What resources are included in the transactions of economic resources for international production?

    <p>Capital, skills, and people</p> Signup and view all the answers

    What technological developments contribute to greater globalization?

    <p>Developments in communication, information processing, and transport</p> Signup and view all the answers

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