International Business, 13e (Daniels/Radebaugh/Sullivan) | ALL VERRIFIED

International Business, 13e (Daniels/Radebaugh/Sullivan) CHAPTER 1 - GLOBALIZATION AND INTERNATIONAL BUSINESS 1) The broadening set of interdependent relationships among people from different parts of the world is known as . A) globalization B) offshoring C) franchising D) outsourcing 2) The term globalization is sometimes used to mean the . A) movement of jobs to high-wage countries B) business being undertaken outside the confines of any nation C) uneven distribution of resources and this distribution's influence on different products and services in different parts of the world D) integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people 3) Which of the following best defines international business? A) It includes all public 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, whether the transactions are conducted by private or governmental organizations. D) It includes all business transactions in countries other than your home country. 4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business? A) The objectives for private businesses and governments are the same. B) The objective of a private business is profit, whereas a government may or may not seek profit as an objective. C) Governments operate strictly for nonprofit motives, but private businesses seek profits. D) Governments undertake international business for more long-term objectives than private businesses do. 5) Which of the following is NOT a reason to study international business? A) Business conducted outside the confines of any one country is on the decline. B) Global events affect almost all companies. C) By approaching operating strategies from an international standpoint, you may be able to better obtain the resources you need. D) The physical, social, and competitive conditions differ from country to country. 6) Of the following, it is most essential for a student of business to . A) travel widely in order to understand different business environments B) take an internship with a multinational company C) find employment with a company free from global competition D) gain some understanding of international business 7) 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 companies, regardless of industry, depend either on foreign markets and supplies or compete against companies that do D) government regulation of international business has little effect on a company's profits 8) Even if you never have direct international responsibilities, an understanding of some of the complexities of international business may be useful to you because . A) it is essential for most managerial job interviews B) it may help you make more informed operational decisions C) you will need to supervise and evaluate subordinates who have international responsibilities D) you should understand importing and exporting in order to be promoted 9) The shifting of national borders has created which of the following situations for international business? A) It has left most people who reside in rural areas with only the barest connection to the rest of the world. B) It has complicated the understanding of behavioral factors affecting business. C) It has made comparisons of historical data on international transactions problematic. D) It has slowed communications between a company's headquarters and foreign operations. 10) Which of the following is an indication of the increased globalization of business since the end of World War II? A) World trade has grown more rapidly than world production in almost every year. B) Most countries now depend on foreign output for more than half their consumption. C) Foreign ownership of assets has leveled off. D) Countries have increased their import restrictions to counter the rising tide of imports. 11) Most of the world's goods and services are sold . A) in international markets B) in the countries where they are produced C) through exports to small countries D) through exports to large countries 12) According to the A.T. Kearny/Foreign Policy Globalization Index, which ranked countries on their extent of globalization across economic, technological, personal contact, and political dimensions, countries . A) tend to be ranked similarly on all four dimensions B) are more globalized on the political dimension than on personal contact C) that are large in land mass and population are less globalized than small countries D) sometimes rank high on one dimension and low on another 13) Which of the following has NOT been a major force increasing globalization in recent decades? A) liberalization of cross-border trade B) increase in and expansion of technology C) growing pressure from consumers D) decreasing global competition 14) Institutional development of services by business and government has aided the expansion of international business by . A) providing a universally agreed upon language for conducting international transactions B) removing immigration restrictions so that international firms can move personnel wherever they are most needed C) developing means to ease the flow of goods among countries D) spurring competition among domestic producers 15) Which of the following has caused consumers to demand access to foreign-made products? A) Declining global affluence has caused consumers to seek out lower-priced products from abroad. B) Consumers have become more efficient in using media and technologies to compare prices worldwide. C) Fearing that their governments will enact restrictive policies on imports, consumers are stocking up on foreign products before restrictions are put in place. D) Expectations of rising prices of foreign products have caused consumers to seek foreign products before their prices become prohibitive. 16) Which of the following is a reason that international business has grown at such a rapid pace in the past few decades? A) the end of the political schism between the Communist and non- Communist blocs B) stricter government policies on cross-border movements C) decreasing global competition D) increased concerns about terrorism 17) The recent expansion of technology has contributed to growth in international business through . A) the creation of new products that are important in world trade B) reducing the effects of global competition C) the tabulation of international transactions that previously did not appear in statistics D) the liberalization of regulations of movements of resources across borders 18) Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same American markets. This is due primarily to . A) more effective domestic production techniques B) advances in communications C) advances in transportation D) cross-national cooperation in fighting insects that harm plants 19) All the following statements are true about the increase and expansion of technology EXCEPT which one? A) Technology facilitates a company's headquarters' interactions with its foreign operations. B) Small companies can more easily access global customers and suppliers. C) Companies from more countries can compete for sales in foreign markets. D) Most analysts agree that the rate of development of new products will drop of f in the future. 20) Because of economic growth, a larger portion of the population can shift from to . A) recycling old products; disposing of old products B) disposing of old products; recycling old products C) producing new products; developing new products D) developing new products; producing new products 21) Because their citizens want a greater variety of goods and services at lower prices, many governments have . A) reduced their restrictions on the international movement of goods and services B) acted to reduce the pressures created by global competition C) sought to eliminate reciprocal advantages negotiated through international organizations and treaties D) increased their participation in multinational problem-solving efforts 22) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements? A) Most countries face shortages of workers, so they seek foreign wo