BUS 280 MIDTERM EXAM QUESTIONS WITH
100% VERIFIED ANSWERS
Which of the following terms applies to the sale of a particular brand of jeans
manufactured in the U.S. and sold in Canadian stores? - ANSWER exporting
A business that has direct investments (in the form of marketing or
manufacturing subsidiaries) abroad in several countries is called a ________. -
ANSWER multinational corporation
The rise of a new international entity called the ________ suggests that any
company, regardless of age, experience, and resources, can engage in
international business. - ANSWER born global firm
Small companies selling traditional products benefit from - ANSWER
technology that lowers the costs and difficulties of global communication
______ is an effective alternative to traditional distribution channels for firms
that sell digitized products. - ANSWER electronic distribution
________ is the trend toward greater economic, cultural, political, and
technological interdependence among national institutions and economies. -
ANSWER globalization
Globalization is characterized by ________. - ANSWER national boundaries
becoming less relevant
As a result of globalization, Argonia finds that its national borders are becoming
less relevant. This indicates that Argonia is undergoing ________. - ANSWER
denationalization
The term ________ refers to entities cooperating across national boundaries. -
ANSWER internationalization
Which of the following refers to convergence in buyer preferences in markets
around the world? - ANSWER globalization of markets
, Which of the following refers to the use of computer networks to purchase, sell,
or exchange products; service customers; and collaborate with partners? -
ANSWER e-commerce
Gentian Violet is a dye manufacturing company that uses computer networks to
sell its products, service customers, and collaborate with partners. Which of the
following technologies is the company engaging in this scenario? - ANSWER
e-commerce
Development that meets the needs of the present without compromising the
ability of future generations to meet their own needs indicates ________. -
ANSWER sustainability
Most companies today operate in an environment of increased transparency and
scrutiny regarding their business activities. This is due to ________. -
ANSWER rise of social media
The practice by which managers and other employees find jobs within their own
companies for relatives is known as - ANSWER nepotism
Nepotism often prevails in ________ cultures. - ANSWER extended family
______ refers to socially learned traits associated with, and expected of, men or
women. - ANSWER gender
Which of the following terms is used to refer to the process of ranking people
into social layers or classes? - ANSWER social stratification
________ tend to occupy the highest social layer in industrialized countries. -
ANSWER business leaders
Democracies try to preserve peaceful coexistence among groups of people with
diverse cultural, ethnic, and racial backgrounds. These rights are known as
________ rights. - ANSWER minority
100% VERIFIED ANSWERS
Which of the following terms applies to the sale of a particular brand of jeans
manufactured in the U.S. and sold in Canadian stores? - ANSWER exporting
A business that has direct investments (in the form of marketing or
manufacturing subsidiaries) abroad in several countries is called a ________. -
ANSWER multinational corporation
The rise of a new international entity called the ________ suggests that any
company, regardless of age, experience, and resources, can engage in
international business. - ANSWER born global firm
Small companies selling traditional products benefit from - ANSWER
technology that lowers the costs and difficulties of global communication
______ is an effective alternative to traditional distribution channels for firms
that sell digitized products. - ANSWER electronic distribution
________ is the trend toward greater economic, cultural, political, and
technological interdependence among national institutions and economies. -
ANSWER globalization
Globalization is characterized by ________. - ANSWER national boundaries
becoming less relevant
As a result of globalization, Argonia finds that its national borders are becoming
less relevant. This indicates that Argonia is undergoing ________. - ANSWER
denationalization
The term ________ refers to entities cooperating across national boundaries. -
ANSWER internationalization
Which of the following refers to convergence in buyer preferences in markets
around the world? - ANSWER globalization of markets
, Which of the following refers to the use of computer networks to purchase, sell,
or exchange products; service customers; and collaborate with partners? -
ANSWER e-commerce
Gentian Violet is a dye manufacturing company that uses computer networks to
sell its products, service customers, and collaborate with partners. Which of the
following technologies is the company engaging in this scenario? - ANSWER
e-commerce
Development that meets the needs of the present without compromising the
ability of future generations to meet their own needs indicates ________. -
ANSWER sustainability
Most companies today operate in an environment of increased transparency and
scrutiny regarding their business activities. This is due to ________. -
ANSWER rise of social media
The practice by which managers and other employees find jobs within their own
companies for relatives is known as - ANSWER nepotism
Nepotism often prevails in ________ cultures. - ANSWER extended family
______ refers to socially learned traits associated with, and expected of, men or
women. - ANSWER gender
Which of the following terms is used to refer to the process of ranking people
into social layers or classes? - ANSWER social stratification
________ tend to occupy the highest social layer in industrialized countries. -
ANSWER business leaders
Democracies try to preserve peaceful coexistence among groups of people with
diverse cultural, ethnic, and racial backgrounds. These rights are known as
________ rights. - ANSWER minority
