International

International Business, 5e (Wild/Wild/Han)

Chapter 1 Globalization

1) Globalization benefits YouTube by helping the company reach a global audience.

Answer: TRUE

Diff: 1 Page Ref: 3

Topic: AACSB: Use of IT

Objective: Chapter 1-LO1

2) Globalization does not affect a people's culture nor the way companies do business.

Answer: FALSE

Diff: 1 Page Ref: 4

Topic: AACSB: Multicultural and Diversity

Objective: Chapter 1-LO1

3) International business is any commercial transaction that crosses the borders of two or more nations.

Answer: TRUE

Diff: 1 Page Ref: 4

Objective: Chapter 1-LO1

4) Imports are goods and services purchased abroad and brought into a country.

Answer: TRUE

Diff: 1 Page Ref: 4

Objective: Chapter 1-LO1

5) Exporting is any business transaction that crosses the borders of two or more nations.

Answer: FALSE

Diff: 2 Page Ref: 4

Objective: Chapter 1-LO1

6) E-business (e-commerce) is the use of computer networks to purchase, sell, or exchange products, service customers, and collaborate with partners.

Answer: TRUE

Diff: 1 Page Ref: 4

Topic: AACSB: Use of IT

Objective: Chapter 1-LO1

7) Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

Answer: TRUE

Diff: 1 Page Ref: 6

Topic: AACSB: Use of IT

Objective: Chapter 1-LO1

8) Denationalization refers to national boundaries becoming less relevant.

Answer: TRUE

Diff: 2 Page Ref: 6

Objective: Chapter 1-LO1

9) Internationalization refers to national boundaries becoming less relevant.

Answer: FALSE

Diff: 2 Page Ref: 6

Objective: Chapter 1-LO1

10) Products marketed in all countries essentially without any changes are called "international products."

Answer: FALSE

Diff: 3 Page Ref: 6

Objective: Chapter 1-LO1

11) Companies that sell global products can reduce...