IMS 3310 UTD HUBERT ZYDOREK FALL 2026/2027 MODULE 1 | STUDY
GUIDE, PRACTICE QUESTIONS, ANSWERS & EXAM REVIEW
Business that is carried out across national boarders - correct answer ✔✔International Business
The operations of a company outside its home or domestic market - correct answer ✔✔Foreign Business
A company with operations in multiple nations - correct answer ✔✔International Company (IC)
All forces influencing the life and development of the firm - correct answer ✔✔Environment
The external forces that management has no direct control over - correct answer ✔✔Uncontrollable
forces
The Eleven external forces - correct answer ✔✔1. Competitive
2. Distributive
3. Economic
4. Socioeconomic
5. Financial
6. Legal
7. Physical
8. Political
9. Sociocultural
10. Labor
11. Technological
________ kinds and numbers of competitors, their locations, and their activities. - correct answer
✔✔Competitive:
_________ national and international agencies available for distributing goods and services. - correct
answer ✔✔Distributive:
________ variables (such as gross national income [GNI], unit labor cost, and personal consumption
expenditure) that influence a firm's ability to do business. - correct answer ✔✔Economic:
____________ characteristics and distribution of the human population. - correct answer
✔✔Socioeconomic:
___________ : variables such as interest rates, inflation rates, and taxation. - correct answer
✔✔Financial:
___________ the many foreign and domestic laws governing how international firms must operate. -
correct answer ✔✔Legal:
GUIDE, PRACTICE QUESTIONS, ANSWERS & EXAM REVIEW
Business that is carried out across national boarders - correct answer ✔✔International Business
The operations of a company outside its home or domestic market - correct answer ✔✔Foreign Business
A company with operations in multiple nations - correct answer ✔✔International Company (IC)
All forces influencing the life and development of the firm - correct answer ✔✔Environment
The external forces that management has no direct control over - correct answer ✔✔Uncontrollable
forces
The Eleven external forces - correct answer ✔✔1. Competitive
2. Distributive
3. Economic
4. Socioeconomic
5. Financial
6. Legal
7. Physical
8. Political
9. Sociocultural
10. Labor
11. Technological
________ kinds and numbers of competitors, their locations, and their activities. - correct answer
✔✔Competitive:
_________ national and international agencies available for distributing goods and services. - correct
answer ✔✔Distributive:
________ variables (such as gross national income [GNI], unit labor cost, and personal consumption
expenditure) that influence a firm's ability to do business. - correct answer ✔✔Economic:
____________ characteristics and distribution of the human population. - correct answer
✔✔Socioeconomic:
___________ : variables such as interest rates, inflation rates, and taxation. - correct answer
✔✔Financial:
___________ the many foreign and domestic laws governing how international firms must operate. -
correct answer ✔✔Legal:
