International Business Quiz
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Questions and Answers

What are some reasons why global business is important?

  • Increased competition for domestic businesses
  • Improved political relations (correct)
  • Source of raw materials
  • Decreased investment opportunities

    • Which of the following is NOT a synonym for international business?

  • International trade
  • Domestic business (correct)
  • Global business
  • Foreign trade

    • What is international business?

  • The exchange of goods and services between countries
  • The economic activity that involves creating, shipping, buying, and selling goods and services across national borders (correct)
  • The use of different currencies and international payment methods
  • The process of sourcing raw materials from different countries

    • What does globalization describe?

    <p>The interconnectedness and interdependence of the world due to trade and technology</p> Signup and view all the answers

    What are some benefits of international business?

    <p>Increased demand for foreign products</p> Signup and view all the answers

    Which of the following is NOT a driver of globalization?

    <p>Cultural interdependence</p> Signup and view all the answers

    What is the main effect of globalization on markets?

    <p>Reduced trade barriers</p> Signup and view all the answers

    Which of the following is NOT a type of firm in international business?

    <p>Domestic firms</p> Signup and view all the answers

    What is the global business environment defined as?

    <p>The economic, cultural, political, and technological interdependence among national institutions and economies</p> Signup and view all the answers

    What is the main purpose of the globalization debate?

    <p>To discuss the pros and cons of globalization</p> Signup and view all the answers

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