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Test Bank for International Business: Environments and Operations, 15th Edition by Daniels A+
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Created By: A SolutionTest Bank for International Business: Environments and
Operations, 15th Edition by Daniels A+
Chapter 1 Globalization and International Business
1) The widening set of interdependent relationships among people from different parts of
the world is known as .
A) globalization
B) offshoring
C) franchising
D) outsourcing Answer: A Diff: 1
Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
2) Which of the following best defines international business?
A) It includes all economic flows between two or more countries.
B) It includes all private economic flows between two or more countries.
C) It includes all business transactions involving two or more countries.
D) It includes all business transactions in countries other than your home country. Answer: C
Diff: 2
Learning Outcome: Define the fundamental concepts of international business Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
1
,Created By: A Solution
3) Which of the following is NOT a likely reason to study international business?
A) Global events affect almost all companies.
B) Differences among countries in physical, social, and competitive conditions may cause
companies to alter their operating methods from country to country.
C) Business conducted outside the limits of any one country is inexplicably on the decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
Answer: C Diff: 3
Learning Outcome: Define the fundamental concepts of international business Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
4) In terms of international business, it is most accurate to say that .
A) there is a universal "best way" to conduct business
B) global competition affects large companies but not small ones
C) most firms depend either on foreign markets and supplies or compete against companies
that do
D) government regulation of international business has little effect on a company's profits
Answer: C
Diff: 2
Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept
Objective: 1
2
,Created By: A Solution
AACSB: Diverse and multicultural work environments
5) 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 .
A) conduct better job interviews
B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas Answer: B
Diff: 2
Skill: Application Objective: 1
AACSB: Diverse and multicultural work environments
6) The shifting of national borders has most likely created which of the following situations
for international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign operations.
Answer: C
Diff: 3
Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept
Objective: 2
3
, Created By: A Solution
AACSB: Diverse and multicultural work environments
7) Which of the following is an indication of the increased globalization of business since
the end of World War II?
A) Foreign trade has largely replaced foreign ownership as a means of conducting
international business.
B) World trade has grown more rapidly than world production.
C) Globally, consumers now depend on foreign output for more than half their consumption.
D) Countries have increased their import restrictions to counter the rising tide of imports.
Answer: B
Diff: 3
Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
8) Most of the world's goods and services are sold .
A) in international markets
B) in the countries where they are produced
C) through exports to small countries
D) through exports to large countries Answer: B
Diff: 2
Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept
Objective: 1
4
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