International Entrepreneurship Question
Bank
Course Introduction
International Entrepreneurship explores the process of identifying, evaluating, and exploiting entrepreneurial opportunities across national borders. The course examines the unique challenges and strategies of launching and managing ventures in international markets, including the cultural, economic, legal, and financial factors that impact global business. Students will analyze case studies of successful international startups, learn frameworks for market entry and expansion, and develop skills in opportunity recognition, cross-cultural communication, and international business planning. Through interactive projects and discussions, the course prepares students to navigate the complex landscape of global entrepreneurship and to create sustainable, innovative ventures worldwide.
Recommended Textbook
International Business Opportunities and Challenges v2.0 by Mason A. Carpenter
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15 Chapters
1488 Verified Questions
1488 Flashcards
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Chapter 1: Introduction
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Sample Questions
Q1) The second stage of global development began with advances in global electronic interconnectivity that allowed individuals to communicate as never before.
A)True
B)False
Answer: False
Q2) Define international business.
Answer: International business encompasses a full range of cross-border exchanges of goods,services,or resources between two or more nations.These exchanges can go beyond the exchange of money for physical goods to include international transfers of other resources,such as people,intellectual property,and contractual assets or liabilities.The entities involved in international business range from large multinational firms with thousands of employees doing business in many countries around the world to a small one-person company acting as an importer or exporter.This broader definition of international business also encompasses for-profit border-crossing transactions as well as transactions motivated by nonfinancial gains that affect a business's future.
Q3) The approach that ensures an action that respects the rights of everyone involved is termed as the _____.
Answer: rights-based approach
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Chapter 2: International Trade and Foreign Direct Investment
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Sample Questions
Q1) A Japanese retailer builds a store in India to sell badminton rackets.This would serve as an example of:
A)backward vertical FDI.
B)brownfield FDI.
C)forward vertical FDI.
D)horizontal FDI.
E)portfolio investment.
Answer: D
Q2) _____ refers to an economic system in which the government or state directs and controls the economy,including the means and decision making for production.
Answer: Planned economy
Q3) _____ trade refers to trade between two countries of goods produced in the same industry.
Answer: Intraindustry
Q4) Countries such as China still favor exports and discourage imports through a form of neo-mercantilism.
A)True
B)False
Answer: True
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Chapter 3: Culture and Business
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Sample Questions
Q1) Cultures and values are:
A)stagnant by nature.
B)irrelevant in the world of business.
C)hindrances to economic development.
D)constantly evolving in nature.
E)not influenced by media and technology.
Answer: D
Q2) Even within a specific culture,individuals have different ideas of what constitutes ethical or unethical behavior.
A)True
B)False
Answer: True
Q3) Culture influences communication and,therefore,affects business if one is sourcing from different countries.
A)True
B)False
Answer: True
Q4) In individualistic cultures,_____ is counted as the most important attribute of an individual.
Answer: self-realization
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Chapter 4: World Economies
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Q1) _____ refers to the value of all the goods and services produced by a country in a single year.
A)Gross domestic product per person
B)Human development index
C)Purchasing power parity
D)Gross domestic product
E)Per capita gross domestic product
Q2) If a WTO member announces itself as a developing country it automatically means that it will benefit from the unilateral preference schemes of some of the developed country members.
A)True
B)False
Q3) A nation's GDP at purchasing power parity (PPP) exchange rates refers to:
A)the value of the GDP divided by the population of the country.
B)the value of all the goods and services produced by a country in a single year.
C)the value of the GDP adjusted for purchasing power.
D)a country's average achievements in health,knowledge,and standard of living.
E)the sum value of all goods and services produced in the country valued at prices prevailing in the United States.
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Page 6
Chapter 5: Global and Regional Economic Cooperation and Integration
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Q1) What are the advantages of creating regional trade agreements?
Q2) The _____ resulted in the end of GATT.
A)Geneva Round
B)Tokyo Round
C)Uruguay Round
D)Doha Round
E)Annecy Round
Q3) The _____ is the deliberative body of the UN and consists of all of the member countries that meet in regular sessions throughout the year.
A)General Assembly
B)Security Council
C)Economic and Social Council
D)Secretariat
E)UN Trusteeship Council
Q4) The _____ provides the political leadership for the EU.
Q5) The concept of the most-favored-nation status as was established by the WTO has eased into a new principle called _____ due to the large number of countries that are following this practice.
Q6) The biggest change from GATT to the WTO was the provision for the _____.
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Chapter 6: International Monetary System
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Q1) The Bretton Woods Agreement provided for the devaluation of a currency in order to enable countries to manage temporary but serious downturns.
A)True
B)False
Q2) _____ refers to the price of one currency in terms of a second currency.
A)Spot rate
B)Trade deficit
C)Exchange rate
D)Currency strength
E)Bank reserve
Q3) The _____ Agreement was a new dollar-based monetary system,which gave countries the flexibility they needed to manage temporary economic setbacks.
A)Jamaica
B)Basel
C)Bonn
D)Smithsonian
E)Bretton Woods
Q4) The _____ was the first formal institution that governed international monetary systems.
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Chapter 7: Foreign Exchange and the Global Capital Markets
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Q1) What do you understand by the term "spot rates"?
Q2) An organization making use of the foreign exchange market can afford to ignore the rate at which a currency is bought or sold.
A)True
B)False
Q3) The _____ is the price at which a bank or financial services firm is willing to buy a specific currency.
A)exchange rate
B)foreign exchange
C)bid
D)ask
E)spread
Q4) In the _____ approach,foreign exchange rates are expressed in terms of the number of currency units that can be exchanged for a U.S.dollar.
A)bid
B)ask
C)indirect quote
D)direct quote
E)spot rate
Page 9
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Chapter 8: International Expansion and Global Market Opportunity Assessment
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Q1) _____ is a strategic-management tool that helps an organization take stock of its internal characteristics and assess the external environmental conditions.
A)Scenario planning
B)Business process re-engineering
C)Balanced Scorecard
D)SWOT analysis
E)PESTEL analysis
Q2) _____ refers to outsourcing work to a nondomestic third party.
A)Exporting
B)Importing
C)Nonentity joint venture
D)International outsourcing
E)Insourcing
Q3) How has the strengthening of different currencies affected acquisitions?
Q4) According to the CAGE framework,difference in religions is representative of the _____ distance between countries.
Q5) The disadvantages of a(n) _____ venture are the slow time to enter the market because the firm must set up operations and the high costs of establishing operations from scratch.
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Chapter 9: Exporting,Importing,and Global Sourcing
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Sample Questions
Q1) Distributors or export intermediaries are barred from taking title to the goods and then reselling them.
A)True
B)False
Q2) Which of the following statements holds true for insurance certificates?
A)It is a document that authorizes the carrier to transport the goods to the buyer's destination.
B)It is a document that contains the description of the items being shipped.
C)It is a document that declares the country from which the product originates.
D)It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer.
E)It is a document that shows the amount of coverage on the goods being transported.
Q3) A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.
Q4) Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.
A)True
B)False
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Page 11
Chapter 10: Strategy and International Business
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Q1) How does SWOT analysis help in the better market performance of an organization?
Q2) Staging and pacing refer to how the firm will generate positive returns over and above its cost of capital.
A)True
B)False
Q3) What are the two critical factors that organizations have to keep in mind when selecting differentiators?
Q4) How does organizing as a function play an important role in the functioning of the organization?
Q5) _____,which are a part of the SWOT analysis,assess the external attractive factors that represent the reason for a business to exist and prosper.
A)Strengths
B)Weaknesses
C)Threats
D)Opportunities
E)Strategies
Q6) Decisions made about the structure of an organization are generally referred to as _____ decisions.
Q7) _____ refers to work that is contracted to a nondomestic third party.
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Chapter 11: Global Entrepreneurship and Intrapreneurship
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Q1) What distinguishing feature separates a born-global firm from a traditional business organization?
Q2) What is the Global Competitiveness Index (GCI)?
Q3) Disruptive technology refers to:
A)the process of exploiting a new business opportunity with limited funds.
B)a technology that only changes existing technologies with better value.
C)a technology that can make prior technologies obsolete.
D)the propensity to act or decide without customary analysis or sufficient information.
E)an investment firm that makes venture investments.
Q4) In their book "Re-Inventing the Corporation," John Naisbitt and Patricia Aburdene cited _____ as a way for established businesses to find new markets and new products.
A)venture capitalism
B)angel investment
C)intrapreneurship
D)small-business ownership
E)bias for action
Q5) Define a "born-global" firm.
Q6) What methods are used by organizations to foster intrapreneurship?
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Chapter 12: Winning Through Effective,global Talent Management
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Q1) A _____ is a team that is formed around a joint venture or strategic alliance.
A)display team
B)project team
C)work team
D)partnership team
E)parallel team
Q2) The war for talent refers to the:
A)competition between organizations to bench highly paid talented employees for a short duration to make short-term financial savings.
B)competition between organizations to reduce the average wages across the industry.
C)competition between organizations to attract and retain the most able employees.
D)competition between organizations to ensure training and development facilities for low-performing employees.
E)competition between organizations to empower employees by involving them in the administrative process.
Q3) How can managers help employees to grow and further their professional goals?
Q4) What are some areas which interviewers should not venture into?
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Chapter 13: Harnessing the Engine of Global Innovation
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Sample Questions
Q1) Government investments in infrastructure that support new technology provide insignificant returns in terms of promoting innovation.
A)True
B)False
Q2) What factors does a company evaluate when choosing amongst countries in which to locate R&D facilities?
Q3) What is the role of social software tools in making social networking more effective?
Q4) One method by which a company can manage and run open innovation is the _____ method wherein the company poses a challenge and offers a financial reward to the person,company,or team that solves the problem first.
Q5) Companies encourage intrapreneurs to propose new ideas and solutions,rewarding them with seed money to develop and grow their ideas.
A)True
B)False
Q6) What is WIPO and what are its functions?
Q7) The simplest way for a company to protect its intellectual property is to never reveal it,to create what is called a(n) _____.
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Chapter 14: Competing Effectively Through Global
Marketing, Distribution, and Supply-Chain Management
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Q1) What challenges are posed for an organization entering the emerging market with a developed-country brand?
Q2) _____ means setting up operations in a low-cost country for the purpose of hiring local workers at lower labor rates.
Q3) In the case of outsourcing,the firm retains control of the operations and directly hires the employees.
A)True
B)False
Q4) What is market segmentation?
Q5) _____ refers to buying raw materials,components,or services from one supplier exclusively,rather than buying from two or more suppliers.
A)Open-sourcing
B)Multisourcing
C)Sole-sourcing
D)Home-sourcing
E)Outsourcing
Q6) _____ encompasses the planning and management of all activities involved in sourcing and procurement,conversion,and logistics.
Page 16
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Chapter 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage
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Sample Questions
Q1) _____ refers to a method of foreign currency translation that uses exchange rates based on the rate at which the assets and liabilities were originally acquired or incurred.
A)Hedging process
B)Current-rate method
C)Monte Carlo method
D)Temporal method
E)Markov process
Q2) Some governments court foreign borrowers by offering low-interest loans or by offering lower corporate income tax to attract investment in their countries.
A)True
B)False
Q3) Consolidating financial statements of subsidiaries located in different countries poses problems because of the different currencies used in different countries.
A)True
B)False
Q4) What are the tax advantages of fronting loans by a subsidiary located in a tax haven?
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