Im Quiz

International Business MGT 440 Section 01 Quiz # 1

Time: 15 Minutes Points: 20 Attempt all questions. Mark the correct answer.

1. The deepening relationship and broadening interdependence among people from . different parts of the world is known as @ globalization b. off-shoring c. economic geography d. outsourcing

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2. All commercial transactions between two or more countries are known as a. foreign trade b. the balance of payments c. globalization international business

3. International business has recently grown at such a rapid pace because of @ development of institutions to support and facilitate trade stricter government policies on cross-border movements decreasing global competition d. increased concerns about terrorism

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4. A company starting out with a global focus, usually because of the international . experience of its founders, is called a a. multinational enterprise b. transnational company c. strategically allianced company d born-global company

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5. Potential pressures of increased foreign competition can persuade companies to a. use more domestic inputs in their production

@) expand their business into international markets

c. seek fewer barriers to imports d. raise prices to improve the quality-image of their products

6. All of the following are major criticisms of globalization except . a. countries lose control to act in their own best interest b. globalization brings economic growth that uses too many nonrenewable resources and despoiIs the environment /c. globalization creates winners and losers, thus leading to greater inequality @ globalization increases the cost of production

7. The process of shifting production from a domestic to a foreign location is known as

out-sourcing c. service imports d. a turnkey operation

8. The major argument companies use to support off-shoring is that it

a. helps poor countries improve their economies saves costs reduces pollution. d. reduces...