Q&A Hero

International Business

Q: The tendency toward an international integration of goods, technology, information, labor, and capital, or the process of making this integration happen, is referred to as economic globalization.
Q: Exporting refers to the transportation of any good or service to a destination inside a country or region.
Q: Importing refers to the transportation of any good or service to a destination into a country or region, from a foreign origination point.
Q: The world stock of outward foreign direct investment was $19 trillion at the beginning of 2010, which was more than nine times what it was in 1990.
Q: One variable commonly used to measure where and how fast internationalization takes place is the increase in total foreign direct investment.
Q: Critics of large global firms compare these firms' sales with nations' total sales to illustrate the tremendous size of these firms.
Q: Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.
Q: According to the text, the level of intracompany trade of multinationals in 1930, as a percentage of world trade, may have exceeded the proportion at the end of the 20th century.
Q: The Ottoman Empire's powerful location raised the cost of Asian trade for the Europeans and resulted in a search for sea routes to Asia.
Q: Britain was the world's leading manufacturing country for about 1,800 years, until it was replaced by the United States at the end of the 1800s.
Q: While international business as a discipline is relatively new, international business as a business practice is not.
Q: According to the text, the self-absorption criterion is probably the biggest cause of international business blunders.
Q: A common cause of the added complexity of foreign environments is managers' unfamiliarity with other cultures and is called self-reference syndrome.
Q: The forces in the international environment are the same as those in the domestic environment except that they occur in foreign nations.
Q: According to the text, the domestic environment is all of the uncontrollable forces originating in the home country that surround and influence the firm's life and development.
Q: According to the text, the international environment is all of the uncontrollable forces originating outside the home country that surround and influence the firm.
Q: The international environment is composed of all the uncontrollable forces that surround and influence the firm's life and development.
Q: Internal environmental forces are commonly referred to as controllable.
Q: External environmental forces are commonly referred to as controllable.
Q: According to the text, environmental elements over which management does have some controlincluding competitive, labor, and financial forcesare called internal forces.
Q: Uncontrollable forces are external forces over which management cannot exert any influence.
Q: External forces in the international business environment are commonly called uncontrollable forces.
Q: International business differs from domestic business in that a firm operating across borders must deal with the forces of two kinds of environmentsdomestic and foreign.
Q: Only those companies that have foreign operations need to be aware of what is occurring globally in foreign markets and their industry.
Q: The United Nations uses the term transnational to describe an enterprise doing business in more than one country.
Q: According to the definitions in the text, a multidomestic firm is an organization that attempts to standardize operations worldwide in all functional areas.
Q: A global company is an organization that attempts to standardize and integrate operations worldwide in most or all functional areas.
Q: The term international company refers to both global and multidomestic companies.
Q: A multidomestic company is an organization that attempts to standardize and integrate operations worldwide in all functional areas.
Q: The term international business is used to describe an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences.
Q: A company headquartered in another country is known as a foreign business.
Q: Foreign business refers to the operations of a company outside its home or domestic market.
Q: A business whose activities are carried out across national borders is known as an international business.
Q: An international company is an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences.
Q: As the term is used in the text, foreign business is business whose activities are carried out across national borders.
Q: All managers need to have a basic knowledge of international business.
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