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International Business Chapter 1 1 Imports are goods and services purchased abroad and brought into a country
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 1 Globalization 1) International business is any commercial transaction that crosses the borders of two or more nations. Answer: TRUE AACSB: Dynamics of the global […]
International Business Chapter 1 2 Critics of globalization say that global consumer-goods companies destroy
Copyright © 2014 Pearson Education, Inc. 65) According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization? A) increased labor costs for companies B) lower workers’ wages in developed […]
International Business Chapter 10 1 Predictable exchange rates increase the need for currency hedging
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 10 International Money System 1) A company can improve its profits by selling in a country with a strong currency and sourcing from a country […]
International Business Chapter 10 2 Briefly describe how exchange rates influence business activities
Copyright © 2014 Pearson Education, Inc. 76) The international monetary system created by the Bretton Woods Agreement collapsed because ________. A) of its heavy dependence on the stability of the dollar B) it was not accepted by a majority of […]
International Business Chapter 11 1 Objectives at the highest level in a company are always stated in the most specific terms
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 11 International Strategy and Organization 1) Strategy is the set of planned actions that managers take to help a company meet its objectives. Answer: TRUE […]
International Business Chapter 11 2 Which of the following is a support activity that creates value for Beanstalk’s customers
Copyright © 2014 Pearson Education, Inc. 86) A ________ team is one composed of employees who work at similar levels in different operative departments in an organization. A) self-managed B) global C) virtual D) cross-functional Answer: D Skill: Concept Objective: […]
International Business Chapter 13 1 Companies can achieve economies of scale by expanding into international markets
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 13 Selecting and Managing Entry Modes 1) The most common method used for buying and selling goods internationally is licensing. Answer: FALSE Skill: Concept Objective: […]
International Business Chapter 13 2 Which of the following is a disadvantage of strategic alliances
Copyright © 2014 Pearson Education, Inc. 76) A ________ joint venture is formed when each partner requires the same component in its production process. A) backward B) multistage C) forward D) buyback Answer: D Skill: Concept Objective: 4 Difficulty: Easy […]
International Business Chapter 14 1 Counterfeiting is common among highly visible brand-name consumer goods
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 14 Developing and Marketing Products 1) Product differentiation is more likely when nations share the same level of economic development. Answer: FALSE Skill: Concept Objective: […]
International Business Chapter 14 2 Which of the following would be most appropriate for its consumer product line
Copyright © 2014 Pearson Education, Inc. 75) A pricing policy in which a product has a different selling price in export markets than it has in the home market is called ________. A) dual pricing B) cost-plus pricing C) penetration […]
International Business Chapter 15 1 Capacity planning applies only to manufacturing companies.
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 15 Managing International Operations 1) The process of assessing a company’s ability to produce enough output to satisfy market demand is called process planning. Answer: […]
International Business Chapter 15 2 Which of the following is the senior manager advocating
Copyright © 2014 Pearson Education, Inc. 71) ________ refers to the foreign direct investment in factories, equipment, and land that cannot be pulled out of the market quickly. A) Hot money B) Patient money C) Fiat money D) Key money […]
International Business Chapter 16 1 Citizens who are working and living in their home country are called expatriates
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 16 Hiring and Managing Employees 1) The process of staffing a company and ensuring employees are as productive as possible is called human resource management. […]
International Business Chapter 16 2 Which of the following is a drawback of Jerome’s staffing approach
Copyright © 2014 Pearson Education, Inc. 69) Which of the following international assignment preparation methods involves a trainee feeling the stresses inherent in living in the culture? A) language training B) field experience C) sensitivity training D) cultural orientation Answer: […]
International Business Chapter 2 1 Ethnocentricity facilitates the establishment of new businesses abroad
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 2 Cross-Cultural Business 1) The first step in analyzing a nation’s potential for international business activity is to examine its business climate. Answer: TRUE AACSB: […]
International Business Chapter 2 2 which of the following dimensions does this culture illustrate
Copyright © 2014 Pearson Education, Inc. 59) ________ is crucial in production facilities where nonnative managers supervise local employees. A) Ethnocentricism B) Language proficiency C) Cultural isolation D) Individualism Answer: B AACSB: Multicultural and diversity understanding Skill: Concept Objective: 3 […]
International Business Chapter 3 1 Economic socialism won the battle over communist totalitarianism and capitalism
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 3 Politics, Law, and Business Ethics 1) In a totalitarian system, rulers tightly control people’s lives and do not tolerate opposing viewpoints. Answer: TRUE AACSB: […]
International Business Chapter 3 2 Which of the following does the secondary footprint measure
Copyright © 2014 Pearson Education, Inc. 68) ________ is the layer of corporate social responsibility whereby a company develops a code of conduct that it will follow in its global operations and agrees to operate with greater transparency. A) Strategic […]
International Business Chapter 4 1 Individualist cultures tend to offer fewer incentives and rewards than collectivist cultures
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 4 Economics and Emerging Markets 1) China relies on its cheap labor for economic development and India on the brainpower of its people. Answer: TRUE […]
International Business Chapter 4 2 Which of the following is true about economic development of a nation
Copyright © 2014 Pearson Education, Inc. 66) ________ is the value of goods and services that can be purchased with one unit of a country’s currency. A) Potential output B) Gross national product C) Purchasing power D) Gross domestic product […]
International Business Chapter 5 1 Most of the world’s merchandise trade is composed of trade in agricultural products
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 5 International Trade 1) International trade is the purchase, sale, or exchange of goods and services across national borders. Answer: TRUE AACSB: Dynamics of the […]
International Business Chapter 5 2 Based on the above scenario, which of the following statements is true
Copyright © 2014 Pearson Education, Inc. 72) Which of the following is an argument offered by the new trade theory? A) It is in line with the factor proportions theory. B) There are gains to be made from specialization and […]
International Business Chapter 6 1 The automobile industry is typically protected for national security reasons
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 6 Business-Government Trade Relations 1) The pattern of imports and exports that would result in lesser trade barriers is called free trade. Answer: FALSE AACSB: […]
International Business Chapter 6 2 South Korean Shipbuilders Received Variety Government subsidies Including
Copyright © 2014 Pearson Education, Inc. 73) Purposely understaffing customs offices to cause time delays, requiring special licenses that take a long time to obtain, and requiring air carriers to land at inconvenient airports are all examples of ________. A) […]
International Business Chapter 7 1 Trade barriers and specialized knowledge are examples of market imperfections
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 7 Foreign Direct Investment 1) Not all factors of production are internationally mobile. Answer: TRUE Skill: Concept Objective: 1 Difficulty: Easy Course LO: Define the […]
International Business Chapter 7 2 What two factors propel growth in foreign direct investment
Copyright © 2014 Pearson Education, Inc. 72) A home country encourages outflows of foreign direct investment because it ________. A) helps in replacing jobs at home B) sends resources out of the home country C) tends to increase the long-term […]
International Business Chapter 8 1 A common market area is the greatest extent of national integration
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 8 Regional Economic Integration 1) Trade agreements allow competitors from other nations to enter the domestic market. Answer: TRUE Skill: Concept Objective: 1 Difficulty: Moderate […]
International Business Chapter 8 2 Differentiate among the five levels of economic and political integration
Copyright © 2014 Pearson Education, Inc. 78) The main challenge facing the Caribbean Community and Common Market (CARICOM) is that ________. A) the bloc has not yet signed an agreement calling for a single market B) military conflicts continue to […]
International Business Chapter 9 1 Major financial activities take place in booking centers
Copyright © 2014 Pearson Education, Inc. International Business: The Challenges of Globalization, 7e (Wild) Chapter 9 International Financial Markets 1) Liquidity refers to the ease with which bondholders and shareholders may convert their investments to cash. Answer: TRUE Skill: Concept […]
International Business Chapter 9 2 Differentiate between an operational center and a booking center, providing examples for each
Copyright © 2014 Pearson Education, Inc. 77) The ________ is the currency that dominates the foreign exchange market. A) Japanese yen B) British pound C) U.S. dollar D) Australian dollar Answer: C Skill: Concept Objective: 5 Difficulty: Easy Course LO: […]