D270 MIDTERM GARCIA VERIFIED
QUESTIONS AND CORRECT ANSWERS
UPDATED 2025/2026
What was Tom Schwaub's overall message? - correct answer Learning hard skills prepares us
for the world but soft skills are what make you good
When stressed people tend to refer back to.....? - correct answer their old and comfortable
nature, "status quo"
Chapter 1 Case 1: What was the key point? - correct answer Sports are an international
business in itself but some sports are more heavily known in other parts of the world
Globalization - correct answer The widening and deepening of interdependent relationships
among people from different nations
What does globalization enable? - correct answer More variety, better quality and lower
prices
What are private companies and governments motives for International Business? - correct
answer Private Companies do it for money, while the government does it for money and
other reasons
Why is it hard to measure global growth? - correct answer Country's interdependence and
boundaries shift
Smaller countries are - correct answer more globalized
, Higher per capita countries are - correct answer more globalized than countries farther
down on the list
What are the seven factors of Increased Globalization? - correct answer 1) Rise in and
application of Tech 2) Liberalization of cross border trade and resource movements 3)
Services that support IB 4) Growth in consumer pressures 5)Increase in global competition 6)
Changes in political situations and government policies 7) Expansion of cross-national
cooperation
Why does governments restrict cross border trade? - correct answer Citizens want more
goods at a lower price and less competition makes domestic products more effective
Is Wilson a virgin? - correct answer Yes
What are the three anti-globalization factors? - correct answer 1) Threat to national
sovereignty 2) Environmental Stress 3)Growing income inequality and personal stress
When are small countries overly dependent on large countries? - correct answer During
times when there's a threat to national soveregnity
What does personal stress lead to? - correct answer Social and Economic Unrest
What are the pros to offshoring? - correct answer It reduces costs and gives more jobs to
people in poor countries
What are the cons to offshoring? - correct answer Creates less high value jobs in the USA
and Americans makes less money
Why do companies engage in International Business? - correct answer Sales Expansion,
resource acquisition and risk reduction are the benefits to the companies
QUESTIONS AND CORRECT ANSWERS
UPDATED 2025/2026
What was Tom Schwaub's overall message? - correct answer Learning hard skills prepares us
for the world but soft skills are what make you good
When stressed people tend to refer back to.....? - correct answer their old and comfortable
nature, "status quo"
Chapter 1 Case 1: What was the key point? - correct answer Sports are an international
business in itself but some sports are more heavily known in other parts of the world
Globalization - correct answer The widening and deepening of interdependent relationships
among people from different nations
What does globalization enable? - correct answer More variety, better quality and lower
prices
What are private companies and governments motives for International Business? - correct
answer Private Companies do it for money, while the government does it for money and
other reasons
Why is it hard to measure global growth? - correct answer Country's interdependence and
boundaries shift
Smaller countries are - correct answer more globalized
, Higher per capita countries are - correct answer more globalized than countries farther
down on the list
What are the seven factors of Increased Globalization? - correct answer 1) Rise in and
application of Tech 2) Liberalization of cross border trade and resource movements 3)
Services that support IB 4) Growth in consumer pressures 5)Increase in global competition 6)
Changes in political situations and government policies 7) Expansion of cross-national
cooperation
Why does governments restrict cross border trade? - correct answer Citizens want more
goods at a lower price and less competition makes domestic products more effective
Is Wilson a virgin? - correct answer Yes
What are the three anti-globalization factors? - correct answer 1) Threat to national
sovereignty 2) Environmental Stress 3)Growing income inequality and personal stress
When are small countries overly dependent on large countries? - correct answer During
times when there's a threat to national soveregnity
What does personal stress lead to? - correct answer Social and Economic Unrest
What are the pros to offshoring? - correct answer It reduces costs and gives more jobs to
people in poor countries
What are the cons to offshoring? - correct answer Creates less high value jobs in the USA
and Americans makes less money
Why do companies engage in International Business? - correct answer Sales Expansion,
resource acquisition and risk reduction are the benefits to the companies
