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Busa 3000 – Questions & Accurate Answers (100%)
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Busa 3000 – Questions & Accurate Answers (100%)Which of the following statements is true about the firm-level consequences of
market globalization?
A) The globalization of markets has narrowed down new business
opportunities for internationalizing firms.
B) Globalization drives firms to relocate key value-adding activities to the
most advantageous locations around the world.
C) A firm's value chain is not subject to internationalization.
D) Through offshoring, a firm relocates a major value-chain activity by
establishing a factory or subsidiary in the home market. Right Ans - B
Which of the following, if true, would most strongly support the claim that
national prosperity is increased by participation in international business?
A) Countries that participate in international trade have higher GDPs than
non-participating countries.
B) Individuals in advanced economies tend to set purchasing trends for
consumers worldwide.
C) For most countries, levels of international trade have increased
significantly in recent decades.
D) National literacy levels are strongly correlated with a country's degree of
political freedom. Right Ans - A
_______ are moral principles and values that govern the behavior of people,
firms, and governments, regarding right and wrong. Right Ans - C) Ethics
In terms of international business, market globalization can be viewed as a
________.
A) consequence of a strong emphasis on traditional values worldwide
B) consequence of the loss of national sovereignty
C) driver and consequence of firm-level internationalization
D) prime cause of rising diseconomies of scale in emerging economies
Right Ans - C
Each of the following has contributed to the rapid growth of trade among
nations EXCEPT _____.
A. the increase in trade barriers
B. The growth of emerging market countries
C. Advances in information technology
,D. The liberalization of markets Right Ans - A
Jordan is employed in an American investment firm and is currently working
with some Japanese clients on a new project. He uses a lot of hand gestures
during meetings which his clients find very distracting and rude. This has also
led to many misunderstandings between Jordan and his Japanese clients in
the recent past. Which of the following best describes such a situation?
A) risk aversion
B) organizational anarchy
C) cross-cultural risk
D) acculturation
C) cross-cultural risk Right Ans - C
In his International Product Life Cycle (IPLC) Theory, Raymond Vernon
observed that each product and its manufacturing technologies go through
three stages of evolution: introduction, maturity, and _______.
A. decline
B. standardization
C. growth
D. diversification
B Right Ans - B
________ refers to ideas or works created by individuals or firms and includes a
variety of proprietary, intangible assets: discoveries and inventions; artistic,
musical, and literary works; and words, phrases, symbols, and designs
A. Constant Capital
B. Corporate governance
C. Global sourcing
D. Intellectual property Right Ans - D.
While a degree of cultural imperialism may be at work, it is offset by the
countertrend of ________.
A) offshoring
, B) McDonaldization
C) privatization
D) local nationalism Right Ans - D. Local nationlism
Which of the following approaches to ethical standards for corporate
governance reflects the view that the best action treats everyone equally and
in a just manner?
A. rights approach
B. Virtue approach
C. utilitarian approach
D. Fairness approach Right Ans - D. Fairness approach
In which of the following stages of the internationalization process is a firm
preoccupied with business in its home market?
A. Experimental involvement
B. Pre-Export
C. Active involvement
D. Domestic focus Right Ans - D
The process of targeting and serving markets outside the home country is
known as ...........
A. Market Diversification
B. Competition Intensity
C. Reactive Internationalization
D. Trade Protectionism Right Ans - A
A U.S. shoe manufacturer is considering internationalizing to promote growth
by diversifying its markets. Which of the following, if true, would most
strongly support the claim that moving to France would help the company
grow through market diversification?
A. Many of the company's U.S customers have moved overseas to Europe
B. French consumers represent a sizable
C. French women tend to purchase shoes more frequently than do French men
D. Doing Business in France would likely expose the company to new ideas for
product innovation Right Ans - B
Which of the following, if true, would most strongly support the claim that
national prosperity is increased by participation in international business?A.
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