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IB Quiz 1
| Question | Answer |
|---|---|
| A multinational enterprise (MNE) is best defined as a firm... | with foreign direct investments |
| A major criticism of offshoring is that it... | exchanges good jobs for bad jobs |
| Some key ________ factors in a company's international business external environment are its product strategy and access to resources. | competitive |
| Assume that company executives at the firm would like to increase sales by expanding into an international market. Which of the following factors, if true, best supports a decision to expand sales globally? | Its costs of making additional sales would not increase disproportionately. |
| In terms of international business, it is most accurate to say that ________. | most firms depend either on foreign markets and supplies or compete against companies that do |
| Advanced communication systems have contributed to growth in international business by ________. | enabling better oversight of global operations |
| Which of the following has MOST influenced consumers to demand access to foreign-made products? | Consumers have become more efficient in using media and technologies to compare prices worldwide. |
| Some observers feel that international institutions and the people working in them cannot adequately handle the complexities of an interconnected world. Based on this, these observers believe that ________. | globalization will slow in the future |
| Although globalization may bring economic growth, critics nevertheless contend that ________. | the inequality of gains puts some people in a relatively worse economic situation |
| The term used by the United Nations as a synonym for multinational enterprise is ________. | transnational company |
| Which of the following is an indication of the increased globalization of business since the end of World War II? | World trade has grown more rapidly than world production. |
| An example of a Japanese service export is a visit by a ________. | U.S. citizen to Tokyo Disneyland in Japan |
| Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon would most likely benefit from studying international business issues so that he can ________. | better understand how foreign operations affect the company's competitive position |
| The view that globalization is inevitable is most likely based on the belief that ________. | technical advances in transportation and communications are highly persistent |
| Governments have signed treaties to protect foreign-owned property rights, such as investments and patents. A primary reason for doing so is to ________. | gain reciprocal advantages |
| Which of the following statements would most likely NOT be supported by an advocate of offshoring? | Offshoring is fundamentally better for workers than the introduction of labor-saving technologies. |
| Which of the following best defines international business? | It includes all business transactions involving two or more countries. |
| In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand the ________. | degree of law enforcement |
| Imported flowers are now a stronger competitor to U.S. grown flowers in the U.S. market. Which of the following is likely the MOST important factor for this increase in imports? | advances in transportation and logistics |
| An example of a U.S. merchandise import is an automobile made in ________ and sold ________. | Japan by a Japanese company; in the United States |
| Which of the following is the LEAST likely reason that small countries worry about overdependence caused by globalization? | A large country may substantially increase its demand for the small country's production. |
| The owner of a U.S. football team and the owner of a Canadian hockey team purchase a British soccer team. This is an example of a ________. | joint venture |
| Which of the following best explains why international business has grown rapidly in the past few decades? | the end of the political division between the Communist and non-Communist blocs |
| When companies face the same competitors in almost all countries where they operate, ________. | what they learn about one another in one country is useful in predicting the others' strategies and actions elsewhere |
| 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. |
| Assume an enterprise is considering establishment of a foreign production facility. Which of the following best supports this decision? | Its main competitor successfully opened a foreign plant. |
Created by:
mkfenberg