BUS 206 Exam 1 || Guaranteed Pass.
The term globalization is sometimes used to mean the correct answers integration of world
economies through the reduction of barriers to the movement of trade, capital, technology, and
people
Which of the following is NOT a reason to study international business? correct answers
Business conducted outside the confines of any one country is on the decline.
Gaining some understanding of international business is important for any business student
because global events and competition affect almost all companies. correct answers True
Most countries' imports account for more than half of their citizens' consumption of goods and
services. correct answers False
People favoring globalization claim that the process helps countries strengthen their sovereignty.
correct answers False
Which of the following best defines international business? correct answers It includes all
business transactions involving two or more countries, whether the transactions are conducted by
private or governmental organizations.
By operating internationally, a company may take advantage of business-cycle differences
among countries and thereby reduce its financial risks. correct answers True
A motive for a company to conduct international business is to acquire resources abroad. Which
of the following is NOT an example of a resource acquisition motive? correct answers following
a customer into a foreign market
Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same
American markets. This is due primarily to ________. correct answers advances in transportation
, A multinational enterprise (MNE) is one that is ________. correct answers willing to consider
market and production locations anywhere in the world
political risks arise from political actions, such as public corruption or a partisan judicial system,
that interfere with transactions between sellers and buyers and that can significantly raise the
costs of getting things done. correct answers Procedural
In a ________, all dimensions of economic activity, including pricing and production decisions,
are determined by a central government plan. correct answers command economy
Select the correct order, going from low to high total impact on an MNE, of the following types
of political risk: (1) procedural political risks, (2) systemic political risks, (3) distributive
political risks, (4) catastrophic political risks. correct answers 2,1,3,4
The legal system of a country refers to the mechanism it uses for creating, interpreting, and
enforcing the laws of the country. correct answers True
A political system is the complete set of institutions, political organizations, and interest groups,
the relationships among those institutions, and the political norms and rules that govern their
activities. correct answers True
A ________ law system is based on tradition, judge-made precedent, and usage and assigns a
preeminent position to existing case law as a guide to dispute resolution. correct answers
common
All of the following are reasons piracy has occurred EXCEPT ________. correct answers the
protection of intellectual property rights varies little from country to country
Which of the following is a condition that powered the worldwide spread of democracy from
1970 onward, i.e. the third wave of democracy? correct answers Information and
communications technologies broke down the ability of the state to control access to uncensored
information, especially that from foreign sources.
The term globalization is sometimes used to mean the correct answers integration of world
economies through the reduction of barriers to the movement of trade, capital, technology, and
people
Which of the following is NOT a reason to study international business? correct answers
Business conducted outside the confines of any one country is on the decline.
Gaining some understanding of international business is important for any business student
because global events and competition affect almost all companies. correct answers True
Most countries' imports account for more than half of their citizens' consumption of goods and
services. correct answers False
People favoring globalization claim that the process helps countries strengthen their sovereignty.
correct answers False
Which of the following best defines international business? correct answers It includes all
business transactions involving two or more countries, whether the transactions are conducted by
private or governmental organizations.
By operating internationally, a company may take advantage of business-cycle differences
among countries and thereby reduce its financial risks. correct answers True
A motive for a company to conduct international business is to acquire resources abroad. Which
of the following is NOT an example of a resource acquisition motive? correct answers following
a customer into a foreign market
Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same
American markets. This is due primarily to ________. correct answers advances in transportation
, A multinational enterprise (MNE) is one that is ________. correct answers willing to consider
market and production locations anywhere in the world
political risks arise from political actions, such as public corruption or a partisan judicial system,
that interfere with transactions between sellers and buyers and that can significantly raise the
costs of getting things done. correct answers Procedural
In a ________, all dimensions of economic activity, including pricing and production decisions,
are determined by a central government plan. correct answers command economy
Select the correct order, going from low to high total impact on an MNE, of the following types
of political risk: (1) procedural political risks, (2) systemic political risks, (3) distributive
political risks, (4) catastrophic political risks. correct answers 2,1,3,4
The legal system of a country refers to the mechanism it uses for creating, interpreting, and
enforcing the laws of the country. correct answers True
A political system is the complete set of institutions, political organizations, and interest groups,
the relationships among those institutions, and the political norms and rules that govern their
activities. correct answers True
A ________ law system is based on tradition, judge-made precedent, and usage and assigns a
preeminent position to existing case law as a guide to dispute resolution. correct answers
common
All of the following are reasons piracy has occurred EXCEPT ________. correct answers the
protection of intellectual property rights varies little from country to country
Which of the following is a condition that powered the worldwide spread of democracy from
1970 onward, i.e. the third wave of democracy? correct answers Information and
communications technologies broke down the ability of the state to control access to uncensored
information, especially that from foreign sources.
