International Business, 8e (Wild/Wild)
Chapter 1 Globalization
1) Any commercial transaction that crosses the borders of two or more nations is known
as ________.
A) domestic marketing
B) market segmentation
C) international business
D) global manufacturing
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
2) Goods and services purchased abroad and brought into a country are called ________.
A) gross domestic products
B) exports
C) gross national products
D) imports
Answer: D
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
,3) ________ are all goods and services sold abroad and sent out of a country.
A) Net national products
B) Exports
C) Gross domestic products
D) Imports
Answer: B
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
,4) Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in
the United States is an example of a ________.
A) net national product
B) U.S. export
C) U.S. import
D) gross domestic product
Answer: C
AACSB: Application of knowledge
Skill: Application
Difficulty: Hard
LO: 1.1: Identify the types of companies active in international business.
5) Which of the following terms applies to the sale of a particular brand of jeans
manufactured in the U.S. and sold in Canadian stores?
A) exporting
B) outsourcing
C) insourcing
D) importing
Answer: A
AACSB: Analytical thinking
Skill: Application
Difficulty: Hard
LO: 1.1: Identify the types of companies active in international business.
6) A business that has direct investments (in the form of marketing or manufacturing
subsidiaries) abroad in several countries is called a ________.
A) dummy corporation
, B) shell corporation
C) multinational corporation
D) domestic corporation
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
7) The rise of a new international entity called the ________ suggests that any company,
regardless of age, experience, and resources, can engage in international business.
A) transnational corporation
B) multinational corporation
C) born global firm
D) global firm
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
8) Small companies selling traditional products benefit from ________.
A) the barriers to trade that restrict their products from crossing domestic boundaries
B) increased investment by foreign competitors in domestic markets
C) government policies that seek to regulate the flow of capital across national borders
Chapter 1 Globalization
1) Any commercial transaction that crosses the borders of two or more nations is known
as ________.
A) domestic marketing
B) market segmentation
C) international business
D) global manufacturing
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
2) Goods and services purchased abroad and brought into a country are called ________.
A) gross domestic products
B) exports
C) gross national products
D) imports
Answer: D
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
,3) ________ are all goods and services sold abroad and sent out of a country.
A) Net national products
B) Exports
C) Gross domestic products
D) Imports
Answer: B
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
,4) Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in
the United States is an example of a ________.
A) net national product
B) U.S. export
C) U.S. import
D) gross domestic product
Answer: C
AACSB: Application of knowledge
Skill: Application
Difficulty: Hard
LO: 1.1: Identify the types of companies active in international business.
5) Which of the following terms applies to the sale of a particular brand of jeans
manufactured in the U.S. and sold in Canadian stores?
A) exporting
B) outsourcing
C) insourcing
D) importing
Answer: A
AACSB: Analytical thinking
Skill: Application
Difficulty: Hard
LO: 1.1: Identify the types of companies active in international business.
6) A business that has direct investments (in the form of marketing or manufacturing
subsidiaries) abroad in several countries is called a ________.
A) dummy corporation
, B) shell corporation
C) multinational corporation
D) domestic corporation
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
7) The rise of a new international entity called the ________ suggests that any company,
regardless of age, experience, and resources, can engage in international business.
A) transnational corporation
B) multinational corporation
C) born global firm
D) global firm
Answer: C
AACSB: Application of knowledge
Skill: Concept
Difficulty: Easy
LO: 1.1: Identify the types of companies active in international business.
8) Small companies selling traditional products benefit from ________.
A) the barriers to trade that restrict their products from crossing domestic boundaries
B) increased investment by foreign competitors in domestic markets
C) government policies that seek to regulate the flow of capital across national borders
