D270 DAVIS MIDTERM EXAM |
QUESTIONS & ANSWERS (VERIFIED) |
LATEST UPDATE | GRADED A+
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
Correct Answer: A
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
Correct Answer: C
Which of the following is NOT a likely reason to study international business?
Page 1 of 71
,A) Global events affect almost all companies.
B) Differences among countries in physical, social, and competitive conditions may
cause companies to alter their operating methods from country to country.
C) Business conducted outside the confines of any one country is inexplicably on the
decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
Correct Answer: C
) 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 firms 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
Correct Answer: C
Devon, an accounts manager at a large electronics firm, does not have any direct
international responsibilities. However, Devon would most likely benefit from studying
international business issues so that he can ________.
A) conduct better job interviews
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,B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas
Correct Answer: B
The shifting of national borders has most likely created which of the following situations
for international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign
operations.
Correct Answer: C
Which of the following is an indication of the increased globalization of business since
the end of World War II?
A) Foreign trade has largely replaced foreign ownership as a means of conducting
international business.
B) World trade has grown more rapidly than world production.
C) Globally, consumers now depend on foreign output for more than half their
consumption.
D) Countries have increased their import restrictions to counter the rising tide of imports.
Page 3 of 71
, Correct Answer: B
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
Correct Answer: B
According to the A.T. Kearny/Foreign Policy Globalization Index, 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
Correct Answer: D
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 prices of natural resources.
Page 4 of 71
QUESTIONS & ANSWERS (VERIFIED) |
LATEST UPDATE | GRADED A+
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
Correct Answer: A
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
Correct Answer: C
Which of the following is NOT a likely reason to study international business?
Page 1 of 71
,A) Global events affect almost all companies.
B) Differences among countries in physical, social, and competitive conditions may
cause companies to alter their operating methods from country to country.
C) Business conducted outside the confines of any one country is inexplicably on the
decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
Correct Answer: C
) 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 firms 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
Correct Answer: C
Devon, an accounts manager at a large electronics firm, does not have any direct
international responsibilities. However, Devon would most likely benefit from studying
international business issues so that he can ________.
A) conduct better job interviews
Page 2 of 71
,B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas
Correct Answer: B
The shifting of national borders has most likely created which of the following situations
for international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign
operations.
Correct Answer: C
Which of the following is an indication of the increased globalization of business since
the end of World War II?
A) Foreign trade has largely replaced foreign ownership as a means of conducting
international business.
B) World trade has grown more rapidly than world production.
C) Globally, consumers now depend on foreign output for more than half their
consumption.
D) Countries have increased their import restrictions to counter the rising tide of imports.
Page 3 of 71
, Correct Answer: B
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
Correct Answer: B
According to the A.T. Kearny/Foreign Policy Globalization Index, 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
Correct Answer: D
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 prices of natural resources.
Page 4 of 71
