BUSI 3250 ACTUAL FINAL EXAM ACTUAL
QUESTIONS AND ANSWERS SURE A+
✔✔International business deals with... - ✔✔domestic, foreign, and international
✔✔Are foreign business and international business interchangeable? - ✔✔Yes
✔✔Foreign Business - ✔✔denotes the operations of a company outside its home or
domestic market
✔✔International Company - ✔✔a company with operations in multiple countries
✔✔Is a domestic firm entirely free from foreign or international environmental forces -
✔✔NO (this is due to competition)
✔✔all of the forces influencing the life and development of the firm - ✔✔Environment
✔✔Uncontrollable Forces - ✔✔external forces that management has no direct control
over
✔✔For uncontrollable forces, one can use what? - ✔✔PESTLE - political,
environmental, socio-cultural, technological, legal, and economic
, ✔✔PESTLE - ✔✔Political, Economic, Social, Technological, Legal, Environmental
✔✔T/F: To be a successful international business, you must adapt to the uncontrollable
forces - ✔✔True
✔✔International managers have three choices in deciding what to do with a concept or
a technique employed in domestic operations: - ✔✔transfer it intact, adapt it to local
conditions, or not use it overseas
✔✔Most multinationals are based in... - ✔✔developed nations, but there has been a
recent surge in the number arising in emerging economies
✔✔The rapid urbanization of populations combined with industrialization in the
emerging markets is quickly shifting the world's economic center of gravity from Europe
and the Americas and back to where? - ✔✔Asia
✔✔Transnational Corporation - ✔✔An enterprise made up of entities in more than one
nation, operating under a decision-making system that allows a common strategy and
coherent policies
✔✔It is estimated there are more than _____________ transnationals with nearly
__________ foreign affiliates - ✔✔103,000 (transnationals); 900,000 (foreign affiliates)
✔✔Transnationals collectively account for how much of the world trade and what
percent of world GDP? - ✔✔more than half of world trade and 10% of world gross
domestic product
✔✔For TNCs, do some have an annual revenue large than GDP of other countries? -
✔✔Yes (some TNCs have annual revenue that is larger than GDP of some countries)
✔✔T/F: The subsidiaries of foreign companies have become increasingly important in
the industrial and economic life of many nations - ✔✔True
✔✔Foreign Direct Investment (FDI) - ✔✔Measures where and how fast
internationalization is taking place.
✔✔The transportation of any domestic good or service to a destination outside a
company or region - ✔✔Exporting
✔✔A large amount of international business is... - ✔✔exporting rather than FDI
QUESTIONS AND ANSWERS SURE A+
✔✔International business deals with... - ✔✔domestic, foreign, and international
✔✔Are foreign business and international business interchangeable? - ✔✔Yes
✔✔Foreign Business - ✔✔denotes the operations of a company outside its home or
domestic market
✔✔International Company - ✔✔a company with operations in multiple countries
✔✔Is a domestic firm entirely free from foreign or international environmental forces -
✔✔NO (this is due to competition)
✔✔all of the forces influencing the life and development of the firm - ✔✔Environment
✔✔Uncontrollable Forces - ✔✔external forces that management has no direct control
over
✔✔For uncontrollable forces, one can use what? - ✔✔PESTLE - political,
environmental, socio-cultural, technological, legal, and economic
, ✔✔PESTLE - ✔✔Political, Economic, Social, Technological, Legal, Environmental
✔✔T/F: To be a successful international business, you must adapt to the uncontrollable
forces - ✔✔True
✔✔International managers have three choices in deciding what to do with a concept or
a technique employed in domestic operations: - ✔✔transfer it intact, adapt it to local
conditions, or not use it overseas
✔✔Most multinationals are based in... - ✔✔developed nations, but there has been a
recent surge in the number arising in emerging economies
✔✔The rapid urbanization of populations combined with industrialization in the
emerging markets is quickly shifting the world's economic center of gravity from Europe
and the Americas and back to where? - ✔✔Asia
✔✔Transnational Corporation - ✔✔An enterprise made up of entities in more than one
nation, operating under a decision-making system that allows a common strategy and
coherent policies
✔✔It is estimated there are more than _____________ transnationals with nearly
__________ foreign affiliates - ✔✔103,000 (transnationals); 900,000 (foreign affiliates)
✔✔Transnationals collectively account for how much of the world trade and what
percent of world GDP? - ✔✔more than half of world trade and 10% of world gross
domestic product
✔✔For TNCs, do some have an annual revenue large than GDP of other countries? -
✔✔Yes (some TNCs have annual revenue that is larger than GDP of some countries)
✔✔T/F: The subsidiaries of foreign companies have become increasingly important in
the industrial and economic life of many nations - ✔✔True
✔✔Foreign Direct Investment (FDI) - ✔✔Measures where and how fast
internationalization is taking place.
✔✔The transportation of any domestic good or service to a destination outside a
company or region - ✔✔Exporting
✔✔A large amount of international business is... - ✔✔exporting rather than FDI
