CGMS 724 Exam Questions and
Answers 100% PASS
Four levels of international business - CORRECT ANSWER--domestic business
operations
-international business operations
-multinational business operations
-global business operations
Domestic business operations - CORRECT ANSWER-commercial activities
conducted within a nation or a commercial entity that conducts economic
transactions inside the borders of its home nation.
International business operations - CORRECT ANSWER-a small business that
also imports or exports some products
Multinational business operations - CORRECT ANSWER-a small business that is
also a multinational business establishes one or more subsidiaries in foreign
countries
,Global business operations - CORRECT ANSWER-global businesses, including
beverage manufacturers and fast-food chains, create uniform products that are
suitable for most international markets. Can also develop country-specific products
that accommodate local tastes.
Globalization facets - CORRECT ANSWER--globalization of markets
-globalization of production
-globalization of consumers
Globalization of markets - CORRECT ANSWER--low-cost transportation has
made it more economical to ship products around the world, thereby helping to
create global markets
-low-cost global communications networks such as Web are helping to create
electronic global marketplaces
Globalization of production - CORRECT ANSWER--refers to the sourcing of
goods and services
-from locations around the world to take advantages of national differences
-costs
-quality of factors of production
Globalization of consumers - CORRECT ANSWER--refers to the merging of
separate national markets into one huge global marketplace.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, World Trade Organization (WTO) - CORRECT ANSWER--is primarily
responsible for policing the world trading systems and making sure nation-states
adhere to the rules laid down in trade treaties signed by WTO member states
-world trade referee for countries wanting to grieve that parties to trade agreements
have broken the agreements
International Monetary Fund - CORRECT ANSWER--the IMF and the World
Bank were both created in 1944
-was to maintain order in the international monetary system, help countries deal
with erratic exchange rates
-world bank was to promote economic development
-IMF loans come with strings attached
-In return for loans, the IMF requires countries to adopt specific policies aimed at
returning their troubled economies to stability and growth
World Bank is a group comprised of: - CORRECT ANSWER--IBRD:
international bank for reconstruction and development
-IDA: International Development Association
-IFC: International Finance Corporation
-MIGA: Multilateral Investment Guarantee Agency
-ICSID: International Center for settlement of investment disputes
Answers 100% PASS
Four levels of international business - CORRECT ANSWER--domestic business
operations
-international business operations
-multinational business operations
-global business operations
Domestic business operations - CORRECT ANSWER-commercial activities
conducted within a nation or a commercial entity that conducts economic
transactions inside the borders of its home nation.
International business operations - CORRECT ANSWER-a small business that
also imports or exports some products
Multinational business operations - CORRECT ANSWER-a small business that is
also a multinational business establishes one or more subsidiaries in foreign
countries
,Global business operations - CORRECT ANSWER-global businesses, including
beverage manufacturers and fast-food chains, create uniform products that are
suitable for most international markets. Can also develop country-specific products
that accommodate local tastes.
Globalization facets - CORRECT ANSWER--globalization of markets
-globalization of production
-globalization of consumers
Globalization of markets - CORRECT ANSWER--low-cost transportation has
made it more economical to ship products around the world, thereby helping to
create global markets
-low-cost global communications networks such as Web are helping to create
electronic global marketplaces
Globalization of production - CORRECT ANSWER--refers to the sourcing of
goods and services
-from locations around the world to take advantages of national differences
-costs
-quality of factors of production
Globalization of consumers - CORRECT ANSWER--refers to the merging of
separate national markets into one huge global marketplace.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, World Trade Organization (WTO) - CORRECT ANSWER--is primarily
responsible for policing the world trading systems and making sure nation-states
adhere to the rules laid down in trade treaties signed by WTO member states
-world trade referee for countries wanting to grieve that parties to trade agreements
have broken the agreements
International Monetary Fund - CORRECT ANSWER--the IMF and the World
Bank were both created in 1944
-was to maintain order in the international monetary system, help countries deal
with erratic exchange rates
-world bank was to promote economic development
-IMF loans come with strings attached
-In return for loans, the IMF requires countries to adopt specific policies aimed at
returning their troubled economies to stability and growth
World Bank is a group comprised of: - CORRECT ANSWER--IBRD:
international bank for reconstruction and development
-IDA: International Development Association
-IFC: International Finance Corporation
-MIGA: Multilateral Investment Guarantee Agency
-ICSID: International Center for settlement of investment disputes
