Test Bank for International Business, 3rd Edition by Michael Geringer
54 views 1 purchase
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.
