International Busn Ch 1,3,4 Exam Questions and Answers Fully Solved Latest Version 2025-2026
Any commercial transaction that crosses the borders of two or more nations is called -
AnswersInternational Business
A key difference between imports and exports is that - Answersimports are brought into the country and
exports are sent out of the country.
Which of the following is a true statement regarding the comparison of nations with the world's largest
companies? - AnswersSome companies have more revenue than the annual output of some nations.
A foreign direct investment made to gain some management control in a business abroad involves -
Answerspurchase of its physical assets or a significant amount of ownership in the company.
Which of the following best describes a born global firm? - AnswersTakes a global perspective and
engages in international business from inception
The trend toward greater economic, cultural, political, and technological interdependence among
national institutions and economies is called - Answersglobalization.
Which nation has seen a growing number of its companies listed among the world's 500 largest
companies? - AnswersChina
How do gross national product (GNP) and gross domestic product (GDP) differ? - AnswersGNP includes a
nation's income generated from exports, imports, and the international operations of its companies.
Companies that sell global products often standardize certain marketing activities in order to -
Answersreduce cost
Apple sourcing components for its iPhone worldwide demonstrates the - Answersglobalization of
production.
The two broad forces driving globalization are - Answerstechnological innovation and falling barriers to
trade and investment.
A key advantage of regional trade agreements over the World Trade Organization is that -
Answersachieving consensus may be easier among a smaller group of nations.
The agency that was created to provide financing for national economic development efforts is the -
AnswersWorld Bank
The entity that includes all devices and equipment that are readable, recognizable, locatable,
addressable, and/or controllable via the Internet is called the - AnswersInternet of Things.
Fundamental change in which digital technologies penetrate all areas of operations, strategy, and
culture to produce customer-focused competitive advantage is called - Answersdigital transformation.
, Opponents of globalization say that it - Answerseliminates manufacturing jobs and lowers wages in
advanced nations and exploits workers in lower-wage nations.
Which of the following is a position taken by globalization supporters? - AnswersGlobalization increases
wealth and efficiency in advanced and developing nations.
Which of the following would say that developing countries can close the income gap with high-income
nations by integrating themselves into the global economy? - AnswersGlobalization supporters
Between 1980 and 2018, income inequality within both North America and Asia - Answersincreased.
Whereas supporters of globalization say it benefits cultures, a globalization opponent would say it -
Answershomogenizes our world and destroys the rich diversity of cultures.
The ability to learn a concept and apply it in another setting to achieve a higher level of understanding is
what type of skill? - AnswersApplication of knowledge
Purposeful and goal-directed thinking used to define and solve problems, make decisions, or form
judgments related to a set of circumstances is called - Answersreflective (critical) thinking.
Jobs seeing the greatest acceleration in automation during the pandemic were those with - Answershigh
levels of human interaction.
What is the most obvious way in which international business differs from business in a purely domestic
context? - AnswersDifferent nations can have entirely different societies and commercial environments.
What do we call the model of international business that illustrates its complexities and how different
elements are related? - AnswersGlobal business environment
Which of the following is the definition of international business? - AnswersCommercial transaction that
crosses the borders of two or more nations
A company that has directly invested in and built several manufacturing subsidiaries abroad is a -
Answersmultinational corporation.
Foreign direct investment is the - Answerspurchase of physical assets or a significant amount of the
ownership of a company in another country to gain a measure of management control.
Multinational corporations tend to - Answershave direct investments in multiple countries.
Born global firms tend to have - Answersinnovative cultures and hard-to-imitate knowledge-based
organizational capabilities.
Globalization is characterized by denationalization, which refers to - Answersnational boundaries
becoming less relevant.
Any commercial transaction that crosses the borders of two or more nations is called -
AnswersInternational Business
A key difference between imports and exports is that - Answersimports are brought into the country and
exports are sent out of the country.
Which of the following is a true statement regarding the comparison of nations with the world's largest
companies? - AnswersSome companies have more revenue than the annual output of some nations.
A foreign direct investment made to gain some management control in a business abroad involves -
Answerspurchase of its physical assets or a significant amount of ownership in the company.
Which of the following best describes a born global firm? - AnswersTakes a global perspective and
engages in international business from inception
The trend toward greater economic, cultural, political, and technological interdependence among
national institutions and economies is called - Answersglobalization.
Which nation has seen a growing number of its companies listed among the world's 500 largest
companies? - AnswersChina
How do gross national product (GNP) and gross domestic product (GDP) differ? - AnswersGNP includes a
nation's income generated from exports, imports, and the international operations of its companies.
Companies that sell global products often standardize certain marketing activities in order to -
Answersreduce cost
Apple sourcing components for its iPhone worldwide demonstrates the - Answersglobalization of
production.
The two broad forces driving globalization are - Answerstechnological innovation and falling barriers to
trade and investment.
A key advantage of regional trade agreements over the World Trade Organization is that -
Answersachieving consensus may be easier among a smaller group of nations.
The agency that was created to provide financing for national economic development efforts is the -
AnswersWorld Bank
The entity that includes all devices and equipment that are readable, recognizable, locatable,
addressable, and/or controllable via the Internet is called the - AnswersInternet of Things.
Fundamental change in which digital technologies penetrate all areas of operations, strategy, and
culture to produce customer-focused competitive advantage is called - Answersdigital transformation.
, Opponents of globalization say that it - Answerseliminates manufacturing jobs and lowers wages in
advanced nations and exploits workers in lower-wage nations.
Which of the following is a position taken by globalization supporters? - AnswersGlobalization increases
wealth and efficiency in advanced and developing nations.
Which of the following would say that developing countries can close the income gap with high-income
nations by integrating themselves into the global economy? - AnswersGlobalization supporters
Between 1980 and 2018, income inequality within both North America and Asia - Answersincreased.
Whereas supporters of globalization say it benefits cultures, a globalization opponent would say it -
Answershomogenizes our world and destroys the rich diversity of cultures.
The ability to learn a concept and apply it in another setting to achieve a higher level of understanding is
what type of skill? - AnswersApplication of knowledge
Purposeful and goal-directed thinking used to define and solve problems, make decisions, or form
judgments related to a set of circumstances is called - Answersreflective (critical) thinking.
Jobs seeing the greatest acceleration in automation during the pandemic were those with - Answershigh
levels of human interaction.
What is the most obvious way in which international business differs from business in a purely domestic
context? - AnswersDifferent nations can have entirely different societies and commercial environments.
What do we call the model of international business that illustrates its complexities and how different
elements are related? - AnswersGlobal business environment
Which of the following is the definition of international business? - AnswersCommercial transaction that
crosses the borders of two or more nations
A company that has directly invested in and built several manufacturing subsidiaries abroad is a -
Answersmultinational corporation.
Foreign direct investment is the - Answerspurchase of physical assets or a significant amount of the
ownership of a company in another country to gain a measure of management control.
Multinational corporations tend to - Answershave direct investments in multiple countries.
Born global firms tend to have - Answersinnovative cultures and hard-to-imitate knowledge-based
organizational capabilities.
Globalization is characterized by denationalization, which refers to - Answersnational boundaries
becoming less relevant.
