INTB 200 Exam 1 Question and
answers correctly solved 2026/2027
international business - correct answer business that has operations in at least one foreign country
(products are localized)
Global business - correct answer a business selling their in product in multiple countries where they do
not localize products (such as raw materials)
multinational corporation - correct answer when a firm invests resources in business activities outside its
home country
globalization of markets - correct answer Moving away from an economic system in which national
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture, and
toward a system in which national markets are merging into one global market.
globalization of production - correct answer Trend by individual firms to disperse parts of their
productive processes to different locations around the globe to take advantage of differences in cost
and quality of factors of production.
International Monetary Fund - correct answer
World Bank - correct answer makes loans to countries for economic development, trade promotion, and
debt consolidation
World Trade Organization - correct answer Polices world trading system and ensures nations adhere to
the rules established in treaties made
democracy - correct answer government run by the people
answers correctly solved 2026/2027
international business - correct answer business that has operations in at least one foreign country
(products are localized)
Global business - correct answer a business selling their in product in multiple countries where they do
not localize products (such as raw materials)
multinational corporation - correct answer when a firm invests resources in business activities outside its
home country
globalization of markets - correct answer Moving away from an economic system in which national
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture, and
toward a system in which national markets are merging into one global market.
globalization of production - correct answer Trend by individual firms to disperse parts of their
productive processes to different locations around the globe to take advantage of differences in cost
and quality of factors of production.
International Monetary Fund - correct answer
World Bank - correct answer makes loans to countries for economic development, trade promotion, and
debt consolidation
World Trade Organization - correct answer Polices world trading system and ensures nations adhere to
the rules established in treaties made
democracy - correct answer government run by the people
