Bellner BUSMHR 2000 Exam 1 (Midterm)
Questions and Correct Answers the Latest
Update.
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QUESTIONS AND ANSWERS
CH 1. ANSWER - Intro: What Is International Business?
State-owned enterprise (SOE). ANSWER - A company that is founded and owned by
a government in order to undertake commercial activities on the government's
behalf.
Small and medium-sized enterprise (SME). ANSWER - A company with 500 or fewer
employees (as defined in Canada and the United States).
Multinational enterprise (MNE). ANSWER - A large company with substantial
resources that performs various business activities through a network of subsidiaries
and affiliates located in multiple countries.
Internationalization. ANSWER - The tendency of companies to deepen their
international business activities systematically.
International trade. ANSWER - Exchange of products and services across national
borders, typically through exporting and importing.
International portfolio investment. ANSWER - Passive ownership of foreign
securities such as stocks and bonds for the purpose of generating financial returns.
International investment. ANSWER - The transfer of assets to another country or
the acquisition of assets in that country.
, International business. ANSWER - Performance of trade and investment activities by
firms across national borders.
Importing or global sourcing. ANSWER - The procurement of products or services
from independent suppliers or company-owned subsidiaries located abroad for
consumption in the home country or a third country.
Globalization of markets. ANSWER - Ongoing economic integration and growing
interdependency of countries worldwide.
Freight forwarder. ANSWER - A specialized logistics service provider that arranges
international shipping on behalf of exporting firms.
Foreign direct investment (FDI). ANSWER - An internationalization strategy in
which the firm establishes a physical presence abroad through acquisition of
productive assets such as capital, technology, labor, land, plant, and equipment.
Focal firm. ANSWER - The initiator of an international business transaction, which
conceives, designs, and produces offerings intended for consumption by customers
worldwide. Focal firms are primarily MNEs and SMEs.
Facilitator. ANSWER - A firm or an individual with special expertise in banking,
legal advice, customs clearance, or related support services that assists focal firms in
the performance of international business transactions.
Exporting. ANSWER - Sale of products or services to customers located abroad from
a base in the home country or a third country.
Distribution channel intermediary. ANSWER - A specialist firm that provides
various logistics and marketing services for focal firms as part of the international
supply chain, both in the home country and abroad.
Currency risk. ANSWER - Potential harm that arises from changes in the price of
one currency relative to another.
Questions and Correct Answers the Latest
Update.
Already Graded A+
QUESTIONS AND ANSWERS
CH 1. ANSWER - Intro: What Is International Business?
State-owned enterprise (SOE). ANSWER - A company that is founded and owned by
a government in order to undertake commercial activities on the government's
behalf.
Small and medium-sized enterprise (SME). ANSWER - A company with 500 or fewer
employees (as defined in Canada and the United States).
Multinational enterprise (MNE). ANSWER - A large company with substantial
resources that performs various business activities through a network of subsidiaries
and affiliates located in multiple countries.
Internationalization. ANSWER - The tendency of companies to deepen their
international business activities systematically.
International trade. ANSWER - Exchange of products and services across national
borders, typically through exporting and importing.
International portfolio investment. ANSWER - Passive ownership of foreign
securities such as stocks and bonds for the purpose of generating financial returns.
International investment. ANSWER - The transfer of assets to another country or
the acquisition of assets in that country.
, International business. ANSWER - Performance of trade and investment activities by
firms across national borders.
Importing or global sourcing. ANSWER - The procurement of products or services
from independent suppliers or company-owned subsidiaries located abroad for
consumption in the home country or a third country.
Globalization of markets. ANSWER - Ongoing economic integration and growing
interdependency of countries worldwide.
Freight forwarder. ANSWER - A specialized logistics service provider that arranges
international shipping on behalf of exporting firms.
Foreign direct investment (FDI). ANSWER - An internationalization strategy in
which the firm establishes a physical presence abroad through acquisition of
productive assets such as capital, technology, labor, land, plant, and equipment.
Focal firm. ANSWER - The initiator of an international business transaction, which
conceives, designs, and produces offerings intended for consumption by customers
worldwide. Focal firms are primarily MNEs and SMEs.
Facilitator. ANSWER - A firm or an individual with special expertise in banking,
legal advice, customs clearance, or related support services that assists focal firms in
the performance of international business transactions.
Exporting. ANSWER - Sale of products or services to customers located abroad from
a base in the home country or a third country.
Distribution channel intermediary. ANSWER - A specialist firm that provides
various logistics and marketing services for focal firms as part of the international
supply chain, both in the home country and abroad.
Currency risk. ANSWER - Potential harm that arises from changes in the price of
one currency relative to another.
