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BUSA Midterm 1 (Ch.1,2,3,4,5) Exam Questions and Answers (Latest Update 2025)
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BUSA Midterm 1 (Ch.1,2,3,4,5) Exam Questions and Answers (Latest Update 2025)
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BUSA Midterm 1 (Ch.1,2,3,4,5) ExamQuestions and Answers (Latest Update
2025)
International Business is defined as the performance of
_______ activities by firms across national borders - Correct
Answer ✅ Trade and Investments
International Business is also known as - Correct Answer ✅
Cross-Boarder Business
Which of the following is subject to importing and exporting? -
Correct Answer ✅ Both finished products and intermediate
goods
_____ is the total value of products and services produced in a
country over the course of a year - Correct Answer ✅ GDP
The first phase of globalization was characterized by the _____
- Correct Answer ✅ Growth of railroads
The third phase of globalization was triggered by - Correct
Answer ✅ The end of World War 11
, BUSA Midterm 1 (Ch.1,2,3,4,5) Exam
Questions and Answers (Latest Update
2025)
Early multinationals from the third phase of globalization
originated in _____ - Correct Answer ✅ Japan
Value chain - Correct Answer ✅ The sequence of value-
adding activities performed by a firm in the course of
developing, producing, marketing, and servicing a product
Acculturation defined as - Correct Answer ✅ process of
adjusting and adapting to a culture other than ones own
With regard to the iceberg concept of culture, ___________ is
the most deeply embedded - Correct Answer ✅
conversational patterns
In polychromic cultures, - Correct Answer ✅ members are
easily distracted and are inclined to do many tasks at once
Low context cultures tend to - Correct Answer ✅ conduct
negotiations as efficiently as possible
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