IMS 3310 Exam 1 Questions and
Answers Graded A+ UT Dallas
International Business -Correct Answer ✔-Business that is carried out across national
borders
Foreign Business -Correct Answer ✔-The operations of a company outside its home or
domestic market
International Company (IC) -Correct Answer ✔-A company with operations in multiple
nations
Environment -Correct Answer ✔-All the forces influencing the life and development of
the firm
Uncontrollable forces -Correct Answer ✔-The External forces that management has no
direct control over
What are the 11 Uncontrollable Forces? -Correct Answer ✔--competitive
-Distributive
-Economic
-Socioeconomic
-Financial
-Legal
-Physical
-Political
-Sociocultural
,-Labor
-Technological
Controllable Forces -Correct Answer ✔-Internal forces that management administers to
adapt to changes in the uncontrollable forces
1. Human Resources
2. Finance
3. Production
4. Marketing
Domestic Environment -Correct Answer ✔-All the uncontrollable forces originating in the
home country that surround and influence the life and development of the firm
Foreign Environment -Correct Answer ✔-All the uncontrollable forces originating outside
the home country that surround and influence the firm
-values often differ widely
-difficult to asses, especially legal and political forces
-forces interrelated
International Environment -Correct Answer ✔-Interactions between domestic and
foreign environmental forces, as well as interactions between the foreign environmental
forces of two countries
-Decision making is more complex
, -Managers in home office overseeing subsidiaries in 10 different nations must consider
not only domestic forces but also the influence of 10 foreign national environments,
both individually and collectively since there may be some interaction
Self Reference Orientation -Correct Answer ✔-Unconscious references to your own
cultural values when judging behaviors of others in environment
-Time Vs Money
Foreign Direct Investment (FDI) -Correct Answer ✔-Direct investments in equipment,
structures, and organizations in a foreign country at a level sufficient to obtain significant
management control;
Note: does not include mere foreign investment in stocks
Exporting -Correct Answer ✔-The transportation of any domestic good or service to a
destination outside a country or region
Importing -Correct Answer ✔-The transportation of any good or service into a country or
region, from a foreign origination point
economic globalization -Correct Answer ✔-The tendency toward an international
integration and interdependency of good, technology, info, labor, and capital, or the
process of making this integration happen
Trade Defecit -Correct Answer ✔-The amount by which by which the value of imports
into a nation exceeds the value of trade exports
Answers Graded A+ UT Dallas
International Business -Correct Answer ✔-Business that is carried out across national
borders
Foreign Business -Correct Answer ✔-The operations of a company outside its home or
domestic market
International Company (IC) -Correct Answer ✔-A company with operations in multiple
nations
Environment -Correct Answer ✔-All the forces influencing the life and development of
the firm
Uncontrollable forces -Correct Answer ✔-The External forces that management has no
direct control over
What are the 11 Uncontrollable Forces? -Correct Answer ✔--competitive
-Distributive
-Economic
-Socioeconomic
-Financial
-Legal
-Physical
-Political
-Sociocultural
,-Labor
-Technological
Controllable Forces -Correct Answer ✔-Internal forces that management administers to
adapt to changes in the uncontrollable forces
1. Human Resources
2. Finance
3. Production
4. Marketing
Domestic Environment -Correct Answer ✔-All the uncontrollable forces originating in the
home country that surround and influence the life and development of the firm
Foreign Environment -Correct Answer ✔-All the uncontrollable forces originating outside
the home country that surround and influence the firm
-values often differ widely
-difficult to asses, especially legal and political forces
-forces interrelated
International Environment -Correct Answer ✔-Interactions between domestic and
foreign environmental forces, as well as interactions between the foreign environmental
forces of two countries
-Decision making is more complex
, -Managers in home office overseeing subsidiaries in 10 different nations must consider
not only domestic forces but also the influence of 10 foreign national environments,
both individually and collectively since there may be some interaction
Self Reference Orientation -Correct Answer ✔-Unconscious references to your own
cultural values when judging behaviors of others in environment
-Time Vs Money
Foreign Direct Investment (FDI) -Correct Answer ✔-Direct investments in equipment,
structures, and organizations in a foreign country at a level sufficient to obtain significant
management control;
Note: does not include mere foreign investment in stocks
Exporting -Correct Answer ✔-The transportation of any domestic good or service to a
destination outside a country or region
Importing -Correct Answer ✔-The transportation of any good or service into a country or
region, from a foreign origination point
economic globalization -Correct Answer ✔-The tendency toward an international
integration and interdependency of good, technology, info, labor, and capital, or the
process of making this integration happen
Trade Defecit -Correct Answer ✔-The amount by which by which the value of imports
into a nation exceeds the value of trade exports
