Test Bank for International Business, 3rd Edition by Michael Geringer
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Course
INTERNATIONAL BUSINESS
Institution
INTERNATIONAL BUSINESS
Test Bank for International Business 3e 3rd Edition by Michael Geringer. Jeanne McNett. Full Modules Test Bank are included
module 1 The Challenging Context of International Businessmodule 2 International Trade and Investment
module 3 Sociocultural Forces
module 4 Sustainability and Natural Re...
Module 01 3e
1) Business conducted within a foreign country is known as foreign business.
⊚ true
⊚ false
2) An international company (IC) is a company headquartered in another nation.
⊚ true
⊚ false
3) International business differs from domestic business in that a firm operating across borders
must deal with the forces of three kinds of environments—domestic, foreign, and
international.
⊚ true
⊚ false
4) A small gourmet food company operates solely within its own country’s borders. As such, it
need only be concerned with the domestic market.
⊚ true
⊚ false
5) The term environment encompasses multiple forces that impact the firm’s operations.
⊚ true
⊚ false
6) The structure of the organization is an external environmental force.
⊚ true
⊚ false
7) Lobbyists who advocate for new laws that will affect the production standards of a business
are an example of an internal force.
⊚ true
⊚ false
Version 1 1
, 8) The foreign environment consists of the interactions between the domestic environmental
forces and the foreign environmental forces, as well as interactions between the foreign
environmental forces of two countries.
⊚ true
⊚ false
9) Decision making is more complex in an international environment than it is in a purely
domestic environment.
⊚ true
⊚ false
10) After Simone was transferred from the U.S. home office to the French satellite office, she
was frustrated that most of her workers took the month of August off for vacation. She
believed they would work the extra hours if she offered them bonus pay, but they weren’t
interested. In misunderstanding her workforce’s motivations, Simone is exhibiting a self-
reference criterion.
⊚ true
⊚ false
11) Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s.
⊚ true
⊚ false
12) The plague known as the Black Death moved west and affected more people as the
international trading system expanded.
⊚ true
⊚ false
13) The 17th and 18th centuries have frequently been termed the age of industrialism because
this was the period when industrialization was advanced to the masses.
⊚ true
⊚ false
Version 1 2
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