Test Bank – International Business, 15th Edition – John Daniels, Lee Radebaugh, Daniel Sullivan – ISBN 9780133457230 (All Chapters Covered 1–20)

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International Business
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15th Edition
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TEST BANK
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John Daniels
Lee Radebaugh
Daniel Sullivan
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Comprehensive Test Bank for Instructors and
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Students
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© John Daniels, Lee Radebaugh, & Daniel Sullivan. All
rights reserved. Reproduction or distribution without
permission is prohibited.
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© MEDCONNOISSEUR

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International Business — Test Bank
John D. Daniels, Lee H. Radebaugh and Daniel P. Sullivan
ISBN: 9780133457230
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Chapter 1: Globalization and International Business
Chapter 2: The Cultural Environments Facing Business
Chapter 3: The Political and Legal Environments Facing Business
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Chapter 4: The Economic Environments Facing Businesses
Chapter 5: Globalization and Society
Chapter 6: International Trade and Factor Mobility Theory
Chapter 7: Governmental Influence on Trade
Chapter 8: Cross-National Cooperation and Agreements
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Chapter 9: Global Foreign-Exchange Markets
Chapter 10: The Determination of Exchange Rates
Chapter 11: Global Capital Markets
Chapter 12: The Strategy of International Business
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Chapter 13: Country Evaluation and Selection
Chapter 14: Export and Import
Chapter 15: Direct Investment and Collaborative Strategies
Chapter 16: The Organization of International Business
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Chapter 17: Marketing Globally
Chapter 18: Global Operations and Supply-Chain Management
Chapter 19: International Accounting and Finance Issues
Chapter 20: International Human Resource Management
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© MEDCONNOISSEUR

, International Business: Environments and Operations, 15e (Daniels et al.)
Chapter 1 Globalization and International Business

1) The widening set of interdependent relationships among people from different parts of the
world is known as ________.
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A) globalization
B) offshoring
C) franchising
D) outsourcing
Answer: A
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Diff: 1
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
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2) Which of the following best defines international business?
A) It includes all economic flows between two or more countries.
B) It includes all private economic flows between two or more countries.
C) It includes all business transactions involving two or more countries.
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D) It includes all business transactions in countries other than your home country.
Answer: C
Diff: 2
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
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Objective: 1
AACSB: Diverse and multicultural work environments

3) Which of the following is NOT a likely reason to study international business?
A) Global events affect almost all companies.
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B) Differences among countries in physical, social, and competitive conditions may cause
companies to alter their operating methods from country to country.
C) Business conducted outside the limits of any one country is inexplicably on the decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
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Answer: C
Diff: 3
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
Objective: 1
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AACSB: Diverse and multicultural work environments




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, 4) In terms of international business, it is most accurate to say that ________.
A) there is a universal "best way" to conduct business
B) global competition affects large companies but not small ones
C) most firms depend either on foreign markets and supplies or compete against companies that
do
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D) government regulation of international business has little effect on a company's profits
Answer: C
Diff: 2
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
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Objective: 1
AACSB: Diverse and multicultural work environments

5) Devon, an accounts manager at a large electronics firm, does not have any direct international
responsibilities; however, Devon would most likely benefit from studying international business
issues so that he can ________.
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A) conduct better job interviews
B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas
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Answer: B
Diff: 2
Skill: Application
Objective: 1
AACSB: Diverse and multicultural work environments
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6) The shifting of national borders has most likely created which of the following situations for
international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
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C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign operations.
Answer: C
Diff: 3
Learning Outcome: Discuss trends in and the debate over globalization
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Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
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Copyright © 2015 Pearson Education, Inc.