International Business Quiz Questions PDF

Question 1 **Which of the following best defines international business?** It includes all economic flows between two or more countries. It includes all private economic flows between two or more countries. It includes all business transactions involving two or more countries. It includes all b...

Question 1 **Which of the following best defines international business?** It includes all economic flows between two or more countries. It includes all private economic flows between two or more countries. It includes all business transactions involving two or more countries. It includes all business transactions in countries other than your home country. Question 2 **Christopher, an accounts manager at a mid-sized health care firm, does not have any direct international responsibilities; however, Christopher would most** likely benefit from studying international business issues so that he can conduct better job interviews better understand how foreign operations affect the company\'s competitive position supervise and evaluate subordinates who have global assignments understand the legalities of importing and exporting products overseas **\ **Question 3 **Which of the following is NOT a likely reason to study international business?** Global events affect almost all companies. Differences among countries in physical, social, and competitive conditions may cause companies to alter their operating methods from country to country.\ \ Business conducted outside the limits of any one country is inexpliclably Firms may be better able to obtain better or less expensive resources by operating internationally. Question 4 Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities. This is due to the prosperity of developing nations the heterogeneity in markets labor market flexibility in developing nations Question 5 International business includes all commercial transactions between two or more countries. True\ False Question 6 Imports are goods and services purchased abroad and brought into a country.\ \ True\ False Question 7 Multinational corporations (MNCs) have direct investments abroad in multiple countries.\ \ True\ False Question 8 Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.\ \ True\ False Question 9 Which of the following refers to the use of computer networks to purchase, sell, or exchange products; service customers; and collaborate with partners? e-commerce telecommuting data virtualization virtual hosting Question 10 An established consumer market that primarily comprises the middle class and possesses efficient infrastructure is characteristic of markets. emerging frontier traditional developed Question 11\ \ Markets are characterized by the rural population migrating to cities for better pay and thus, overloading cities' infrastructures.\ \ emerging frontier traditional developed Question 12 Which of the following statements would most likely be made by a SUPPORTER of globalization? Globalization encourages the adoption of uniform and superior standards for combating environmental problems. Economic growth created by globalization is largely in services, which involves the use of few nonrenewable resources. Global competition discourages resource-saving technologies, which are costly. Air pollution and toxic runoff problems increase with global economic growth. Question 13 The purpose of the General Agreement on Tariffs and Trade (GATT) was to create an international currency regulate exchange rates create regional trade organizations promote free trade Question 14 Globalization is characterized by the demise of democracy within a nation national boundaries becoming less relevant the fortification of trade barriers rigid foreign relations policies Question 15 Extranets give distributors and suppliers access to a company\'s database to place orders or restock inventories electronically.\ \ True\ False Question 16 Development that meets the needs of the present without compromising the ability of future generations to meet their own needs indicates egalitarianism denationalization generalizability sustainability Question 17 a is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service. Global offering Globalization of production Global governance Globalization of markets Question 18 The term \"globalization of production\" refers to convergence in buyer preferences in markets around the world. True False Question 19 Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and\_\_\_ : elevation of nationalism rise of closed economies political stagnation technological innovation Question 20 Are all goods and services sold abroad and sent out of a country. Net national products\ Exports Gross domestic products Imports