GEB 3375 Exam 1 (Module 1-5) (UCF) Questions With 100% Correct

Firms operating across borders must deal with the forces of three kinds of environments. These environments include all of the following except: A. domestic B. local C. foreign D. international E. none of the above - Answer-B All of the following are major drivers leading firms to internationalize their operations except: A. technological B. cost C. social D. market E. competitive - Answer-C T/F - Globalization of product lines and production helps reduce costs by achieving economies of scale. - Answer-T T/F - One of the pros of globalization is that it produces uneven results across nations and people. - Answer-F T/F - One of the pros of globalization is that free trade enhances socioeconomic development. - AnswerT T/F - One of the cons of globalization is that free trade promotes more and better jobs. - Answer-F_________________ are direct investments in equipment, structures, and organizations in a foreign country at a level sufficient to obtain significant management control. A. foreign direct investment B. management direct investment C. foreign investment D. controlling investment E. foreign controlling investment - Answer-A Which of the following nations is not considered in the top three largest trading nations? A. China B. USA C. Germany D. Mexico E. none of the above - Answer-D ___________ is the transportation of any good or service into a country or region, from a foreign origination point. A. exporting B. importing C. f.o.b. shipping D. foreign exchange - Answer-B ________ is the transportation of any domestic good or service to a destination outside a country or region. A. exporting B. importingC. f.o.b. shipping D. foreign exchange - Answer-A _________________ drivers trend toward the unification and socialization of the global community. A. market B. cost C. political D. technological E. competitive - Answer-C Advances in ______________ drivers are permitting an increased flow of ideas and information across borders, enabling customers to learn about foreign goods. A. market B. cost C. political D. technological E. competitive - Answer-D Global communications networks enable manufacturing workers to coordinate production and design functions worldwide so that plants in many parts of the world may be working on the same project. This is an example of which major driver? A. market B. cost C. political D. technologicalE. competitive - Answer-D Going abroad, whether by exporting or by producing overseas, can frequently lower the cost of goods sold. This is an example of which major driver? A. market B. cost C. political D. technological E. competitive - Answer-B