Quesion

International Business: Environments and Operations, 15e (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: 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

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...