Type:
Test Bank
Resource:
International Business
Edition:
16th Edition
Author(s):
John D. Daniels Reid W. Click Lee H. Radebaugh Daniel P. Sullivan
International Business: Environments and Operations, 16e (Daniels et al.) 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: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 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: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 3) 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: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking
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4) 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: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Application of knowledge 5) 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: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 6) According to the A.T. Kearny/Foreign Policy Globalization Index, countries ________. A) tend to be ranked similarly on all four dimensions B) are more globalized on the political dimension than on personal contact C) that are large in land mass and population are less globalized than small countries D) sometimes rank high on one dimension and low on another Answer: D Diff: 2 Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept Objective: 1-1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Diverse and multicultural work environments
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