INTERNATIONAL BUSINESS
CERTIFICATION EVALUATION VERIFIED
QUESTIONS WITH COMPLETE SOLUTIONS
●● 2) Which of the following would be considered an international
business transaction?
A) purchasing products in one country and assembling them in the same
country
B) recruiting employees internationally
C) borrowing money from a major bank to finance capital improvements
D) shipping finished products from one country to another for retail sale
Answer: D
●● 3) The Internet has helped small businesses compete in global
markets because it ________.
A) allows them to establish a physical presence in each country
B) avoids transactions involving foreign exchange
C) eliminates price controls
D) reduces entry costs
Answer: D
,●● 4) According to the CAGE Model, which of the following refers to
the physical, communications, and transportation links between
countries?
A) cultural distance
B) administrative distance
C) geographic distance
D) economic distance
Answer: C
●● 5) Individuals should most likely study international business to
________.
A) comply with graduate school certification requirements
B) ensure that an employer has a global online presence
C) remain current on the latest business methods
D) obtain bilingual business experience
Answer: C
●● 6) Which of the following has most likely triggered the increase of
small businesses involved in international business?
A) e-commerce
B) economic recession
C) foreign-made materials
D) increased cultural literacy
, Answer: A
●● 7) Just-in-time systems were created in ________.
A) the United States
B) Japan
C) Germany
D) China
Answer: B
●● 8) Just-in-time systems are used by firms to ________.
A) store important data
B) manage inventory
C) monitor production
D) screen job applicants
Answer: B
●● 9) Sony's suppliers deliver necessary inputs as they are needed by
Sony. Sony is most likely using a(n) ________ system.
A) cross-functional
B) just-in-time
C) inventory management
D) on-demand delivery
CERTIFICATION EVALUATION VERIFIED
QUESTIONS WITH COMPLETE SOLUTIONS
●● 2) Which of the following would be considered an international
business transaction?
A) purchasing products in one country and assembling them in the same
country
B) recruiting employees internationally
C) borrowing money from a major bank to finance capital improvements
D) shipping finished products from one country to another for retail sale
Answer: D
●● 3) The Internet has helped small businesses compete in global
markets because it ________.
A) allows them to establish a physical presence in each country
B) avoids transactions involving foreign exchange
C) eliminates price controls
D) reduces entry costs
Answer: D
,●● 4) According to the CAGE Model, which of the following refers to
the physical, communications, and transportation links between
countries?
A) cultural distance
B) administrative distance
C) geographic distance
D) economic distance
Answer: C
●● 5) Individuals should most likely study international business to
________.
A) comply with graduate school certification requirements
B) ensure that an employer has a global online presence
C) remain current on the latest business methods
D) obtain bilingual business experience
Answer: C
●● 6) Which of the following has most likely triggered the increase of
small businesses involved in international business?
A) e-commerce
B) economic recession
C) foreign-made materials
D) increased cultural literacy
, Answer: A
●● 7) Just-in-time systems were created in ________.
A) the United States
B) Japan
C) Germany
D) China
Answer: B
●● 8) Just-in-time systems are used by firms to ________.
A) store important data
B) manage inventory
C) monitor production
D) screen job applicants
Answer: B
●● 9) Sony's suppliers deliver necessary inputs as they are needed by
Sony. Sony is most likely using a(n) ________ system.
A) cross-functional
B) just-in-time
C) inventory management
D) on-demand delivery
