BUS 280 EXAM 1 QUESTIONS
AND ANSWERS LATEST UPDATED
Which of the following is an uncontrollable external environmental force?
production
labor
capital
sociocultural - ANSWER sociocultural
Which of the following is 'not' a key driver pushing international firms to
globalize their business?
political
competition
workforce
technological - ANSWER workforce
When a country can produce more of a good or service using the same amount
of inputs as a different country or when it can produce the same amount of a
good or service using fewer inputs than a different country is called the theory
of:
absolute advantage
comparative advantage
resource endowment
, Both 1 and 3. - ANSWER absolute advantage
When one asserts a certain aspect of personal culture is superior, such as reward
system, one may well be exhibiting:
ethnocentric behavior
objective observvation
your understand of truth
your hunches - ANSWER ethnocentric behavior
The growth of internationalization business requires __________ to have a
basic knowledge of international business.
manager of domestic companies only
managers of multinationals
all managers
only 1 and 2. - ANSWER all managers
By definition of class, an international business is:
a business whose activities cross national borders.
the operations of a company outside its home or home market.
an organization that attempts to standardize operations worldwide.
All of the above. - ANSWER a business whose activities cross national
borders.
Foreign business is referred to
the domestic operations within a foreign country.
an organization with multicountry affiliates.
AND ANSWERS LATEST UPDATED
Which of the following is an uncontrollable external environmental force?
production
labor
capital
sociocultural - ANSWER sociocultural
Which of the following is 'not' a key driver pushing international firms to
globalize their business?
political
competition
workforce
technological - ANSWER workforce
When a country can produce more of a good or service using the same amount
of inputs as a different country or when it can produce the same amount of a
good or service using fewer inputs than a different country is called the theory
of:
absolute advantage
comparative advantage
resource endowment
, Both 1 and 3. - ANSWER absolute advantage
When one asserts a certain aspect of personal culture is superior, such as reward
system, one may well be exhibiting:
ethnocentric behavior
objective observvation
your understand of truth
your hunches - ANSWER ethnocentric behavior
The growth of internationalization business requires __________ to have a
basic knowledge of international business.
manager of domestic companies only
managers of multinationals
all managers
only 1 and 2. - ANSWER all managers
By definition of class, an international business is:
a business whose activities cross national borders.
the operations of a company outside its home or home market.
an organization that attempts to standardize operations worldwide.
All of the above. - ANSWER a business whose activities cross national
borders.
Foreign business is referred to
the domestic operations within a foreign country.
an organization with multicountry affiliates.
