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International Business
Q:
There are a number of advantages in focusing attention on a nation that is already a sizable purchaser of goods coming from the would-be exporter's country.
Q:
The development of expanded regional trade agreements, such as the Association of Southeast Asian Nations, Mercosur, and the EU, can substantially alter the level and proportion of trade flows within and across regions.
Q:
Approximately 70 percent of the exports from developed countries go to developed countries.
Q:
Both developed nations and developing nations tend to trade more with developed nations.
Q:
In 2009, the top 10 exporting and importing nations collectively accounted for over half of all exports and imports of merchandise and services worldwide.
Q:
The proportion of merchandise exports coming from Asia increased by over 90 percent between 1980 and 2010, with China accounting for nearly two-thirds of that increase.
Q:
The level of merchandise exports coming from Africa decreased between 1980 and 2010.
Q:
The proportion of merchandise exports coming from Latin America and the Middle East decreased between 1980 and 2010.
Q:
Globally, the overall level and rate of growth of merchandise exports exceed those of commercial services.
Q:
The magnitude of international trade and how it has grown are reflected in the fact that one-fourth of everything grown or made in the world is now exported.
Q:
The dollar value of total world exports in 2010 was greater than the gross national product of every nation in the world except China.
Q:
International firms must export their products or services in order to establish and expand their overseas operations.
Q:
Importing and foreign direct investment are two approaches to meeting overseas demand.
Q:
International trade includes exports, imports, and foreign direct investment.
Q:
Small and medium-sized enterprises accounted for nearly one-third of all U.S. exporters.
Q:
Record levels of American outward foreign direct investment from 2000 to 2009, totaling more than $2 trillion, caused U.S. exports to decline during this time period.
Q:
Identify the seven dimensions along which management can globalize in organizing their international activities.
Q:
Explain the different reasons for firms to enter foreign markets.
Q:
Discuss the arguments supporting and opposing globalization of trade and investment.
Q:
Identify and discuss the five major kinds of drivers that are leading international firms to the globalization of their operations.
Q:
Discuss the three environments in which an international company operates.
Q:
The international business manager can choose to:
A. transfer a management practice intact.
B. transfer and adjust a management practice.
C. not transfer a management practice at all.
D. two of A, B, and C.
E. all of A, B, and C.
Q:
According to the text, the dimensions along which management can globalize (standardize) their company's international activities include:
A. markets.
B. competitive strategy.
C. political exposure.
D. all of the above.
E. two of A, B, and C.
Q:
Reasons for international firms to enter into foreign markets are linked to which of the following desires?
A. Increased sales and reduced costs
B. Protecting sales and profits from being eroded by competitors
C. Creation of new markets.
D. All of the above.
E. Two of A, B, and C.
Q:
According to the text, the reasons international firms enter foreign markets are linked to:
A. the desire to increase profits and sales.
B. the desire to invest excess capital from domestic markets.
C. the desire to protect profits and sales from being eroded by competitors.
D. all of the above.
E. two of A, B and C.
Q:
According to opponents of the globalization of trade and investment:
A. globalization has produced uneven results across nations and people.
B. globalization has had harmful effects on labor and labor standards.
C. globalization has contributed to a decline in environmental and health conditions.
D. all of the above.
E. two of A, B and C.
Q:
Opponents of globalization argue that globalization has produced:
A. more and better jobs.
B. deleterious effects on labor and labor standards.
C. uneven results across nations and people.
D. all of the above.
E. two of A, B, and C.
Q:
According to supporters of the globalization of trade and investment, free trade:
A. creates more and better jobs.
B. benefits all nations and workers.
C. does not cause the loss of high-paying jobs.
D. all of the above.
E. two of A, B, and C.
Q:
The major globalization drivers include all of the following except:
A. competitive.
B. cultural.
C. cost.
D. market.
E. none of the above. All of the above are major kinds of globalization drivers identified in the text.
Q:
The major globalization drivers include all of the following except:
A. political.
B. social.
C. cost.
D. market.
E. none of the above. All of the above are major kinds of globalization drivers identified in the text.
Q:
Which of the following are identified in the text as being drivers of globalization?
A. Technological
B. Social
C. Two of A, B, and D
D. Economic
E. All of A, B, and D
Q:
According to the text, political drivers of globalization include:
A. preferential trading agreements.
B. reduction of barriers to trade and foreign investment.
C. nationalization of much of the industry in formerly communist nations.
D. all of the above.
E. two of A, B, and C.
Q:
According to the text, the tendency toward an international integration of goods, technology, information, labor, and capital, or the process of making this integration happen, is called:
A. internationalization.
B. international business.
C. economic globalization.
D. multinationalization.
E. global integration.
Q:
The level of service exports worldwide increased more than _______ between 1980 and 2010.
A. 4-fold
B. 6-fold
C. 10-fold
D. 12-fold
E. 17-fold
Q:
_______ refers to the transportation of any domestic good or service to a destination outside a country or region.
A. Importing
B. Foreign direct investment
C. Exporting
D. International business
E. None of the above
Q:
The worldwide stock of outward FDI is estimated to have increased _______ between 1990 and 2010.
A. 3-fold
B. 5-fold
C. 9-fold
D. 12-fold
E. 17-fold
Q:
Foreign subsidiaries must obey the local laws. If they don't, according to the text they are subject to:
A. legal action by the host country.
B. two of A, C, and D.
C. seizure by the host government.
D. cancellation by the parent company of its right to do business in the host country.
E. all of A, C and D.
Q:
Due to the expanding importance of foreign-owned firms in local economies, host governments have made their policies toward these companies:
A. more strict.
B. more liberal.
C. harsher.
D. more confronting.
E. two of the above.
Q:
UNCTAD, an agency of the United Nations, estimates there are __________ international firms in the world.
A. 5,500
B. 12,000
C. 64,000
D. 82,000
E. over 800,000
Q:
International business really began:
A. with the East India Company, chartered in 1600.
B. when Singer Sewing Machine put up a factory in Scotland in 1868.
C. before the time of Christ.
D. when Colt Fire Arms set up a plant in England.
E. when the Ottoman Empire was established.
Q:
__________ was the world's leading manufacturing country for about 1,800 years, until it was replaced by Britain in about 1840.
A. The United States
B. Germany
C. India
D. France
E. none of the above.
Q:
Historically, international business:
A. is relatively new as a discipline and as a business practice.
B. existed before the time of Christ.
C. two of A, B, and D.
D. was influenced by the rise of the Ottoman Empire.
E. none of the above.
Q:
Unconscious reference to one's own cultural values when judging behavioral actions of others in a new and different environment is called:
A. self-reference culture.
B. self-reference values.
C. self-reference criterion.
D. self-reference customs.
E. self-reference environment.
Q:
Decision making in the international environment is __________ it is in a purely domestic environment.
A. less complex than
B. less demanding than
C. more complex than
D. about the same as
E. two of the above
Q:
According to the text, personnel working in a foreign subsidiary are working in the international environment:
A. if they work and live in the foreign subsidiary's country.
B. if they are responsible for the subsidiary's exports.
C. if they are also responsible for the management of another foreign subsidiary.
D. all of the above.
E. two of A, B, and C.
Q:
The international environment is the interactions between:
A. the domestic environmental forces and the foreign environmental forces.
B. the domestic controllable forces and the domestic uncontrollable forces.
C. the foreign environmental forces of two countries when an affiliate in one country does business in another country.
D. two of the above.
E. all of A, B, and C.
Q:
Environmental forces can be classified as:
A. all of B, C, and D.
B. external.
C. uncontrollable.
D. internal.
E. two of B, C, and D.
Q:
International business differs from domestic business in that a firm operating across borders must deal with what environmental forces?
A. International
B. Foreign
C. Political
D. Competitive
E. Two of the above
Q:
The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations.
A. different from
B. the same as
C. less than
D. more stringent than
E. none of the above
Q:
Foreign environmental forces often operate differently than domestic environmental forces because:
A. they are uncontrollable.
B. force values are different.
C. changes are difficult to assess.
D. two of the above.
E. all of A, B, and C.
Q:
The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and influence the life and development of the firm.
A. international arena
B. host nation
C. home country
D. foreign country
E. two of the above.
Q:
The forces over which management does have some command are called:
A. internal.
B. controllable.
C. foreign.
D. external
E. two of the above.
Q:
Examples of the kinds of uncontrollable forces listed in the text are:
A. competitive.
B. technological.
C. personnel.
D. two of the above.
E. all of A, B, and C.
Q:
Management has no direct control over the external environment of the firm but can exert influence by:
A. heavy promotion of new products to change cultural attitudes.
B. only competing in the domestic market.
C. lobbying.
D. all of the above.
E. two of A, B, and C.
Q:
Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as:
A. controllable or uncontrollable.
B. domestic or foreign.
C. internal or external.
D. all of the above.
E. A and C.
Q:
International business differs from domestic business in that a firm operating across borders must deal with:
A. all of C, D, and E.
B. two of C, D, and E.
C. the foreign environment.
D. the international environment.
E. the domestic environment.
Q:
An international company is:
A. a global company.
B. amultidomestic company.
C. an affiliated company.
D. all of the above.
E. two of A, B, and C.
Q:
Firms that have substantial operations in more than one country are called:
A. global companies.
B. multidomestic firms.
C. affiliated companies.
D. all of the above.
E. two of A, B, and C.
Q:
A global company is:
A. a business whose activities involve crossing national borders.
B. the domestic operations within a foreign country.
C. an organization with multicountry affiliates.
D. an organization that attempts to standardize operations worldwide.
E. two of the above.
Q:
A multidomestic company is:
A. none of B, C, D, or E.
B. a business whose activities involve crossing national borders.
C. the domestic operations within a foreign country.
D. an organization with multicountry affiliates.
E. an organization that attempts to standardize operations worldwide.
Q:
Foreign business denotes:
A. a business whose activities involve crossing national borders.
B. the domestic operations within a foreign country.
C. an organization with multicountry affiliates.
D. an organization that attempts to standardize operations worldwide.
E. all of the above.
Q:
As stated in the text, an international business is:
A. a business whose activities involve crossing national borders.
B. the operations of a company outside its home or domestic market.
C. an organization with multicountry affiliates that each formulate their own business strategy.
D. an organization that attempts to standardize operations worldwide.
E. all of the above.
Q:
If you already have a job, you can enhance your opportunities for international experience by:
A. making your boss and the human resource management department personnel aware of your interest.
B. meeting people in the home office who work with the company's foreign subsidiaries.
C. taking additional international business courses and making sure that people in your company know what you are doing.
D. all of the above.
E. two of A, B, and C.
Q:
The increased internationalization of business requires __________ to have a basic knowledge of international business.
A. all managers
B. managers of multinationals
C. managers of transnationals
D. managers of purely domestic operations
E. none of A, B, C, or D
Q:
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the internationally oriented courses that were viewed as being the most important for early career positions included topics related to:
A. an introduction to international business.
B. international strategy and competitiveness.
C. international legal and political issues.
D. all of the above.
E. two of A, B, and C.
Q:
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that:
A. an international orientation should be an important part of college business education.
B. international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions.
C. the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years.
D. all of the above.
E. two of A, B, and C.
Q:
There are many outstanding international career opportunities for people with desirable interpersonal and language skills that are not in mainstream business but may require basic business expertise.
Q:
In organizing their international activities, there are five dimensions along which management can globalize or standardize these activities.
Q:
Changing the method of going abroad from exporting to overseas production is often necessary to protect foreign markets.
Q:
Greater profits may be obtained by either increasing total revenue or decreasing the cost of goods sold.
Q:
An examination of the 2009 Human Development Report shows that only 23 of the 182 countries for which data were available had average annual GDP per capita growth rates that were higher than the U.S. growth rate for the period 1990-2007.
Q:
The reasons international firms enter foreign markets are all linked to either (1) the desire to increase profits or (2) the desire to increase sales.
Q:
Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.
Q:
Opponents of globalization argue that globalization has contributed to an improvement in environmental and health conditions.
Q:
(p. 18) Globalization has produced uneven results across nations and people.
Q:
Expanded international trade is linked with the creation of more and better jobs.
Q:
Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.
Q:
That free trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree.
Q:
The United States has only about 10 percent of the world's population, so the vast proportion of most companies' potential customers are located elsewhere.
Q:
There are five major kinds of globalization drivers, all based on changes that are leading international firms to the globalization of their operations.