BUS 280: Final Exam Complete questions And Answers 2024/2025
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) Exporting
A business that has direct investments (in the form of marketing or manufacturing subsidiaries)
abroad in several countries is called a ________. - (answer)C) multinational corporation
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) born global firm
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
D) technology that lowers the costs and difficulties of global communication - (answer)D)
technology that lowers the costs and difficulties of global communication
________ is an effective alternative to traditional distribution channels for firms that sell
digitized products.
A) Dual licensing
B) Electronic distribution
C) Visual merchandising
,D) Digital switchover - (answer)B) Electronic distribution
6) ________ is the trend toward greater economic, cultural, political, and technological
interdependence among national institutions and economies.
A) Privatization
B) Heterogenization
C) Globalization
D) Decentralization - (answer)C) Globalization
7) Globalization is characterized by ________.
A) the demise of democracy within a nation
B) national boundaries becoming less relevant
C) the fortification of trade barriers
D) rigid foreign relations policies - (answer)B) national boundaries becoming less relevant
As a result of globalization, Argonia finds that its national borders are becoming less relevant.
This indicates that Argonia is undergoing ________.
A) denationalization
B) standardization
C) reorganization
D) internationalization - (answer)A) denationalization
The term ________ refers to entities cooperating across national boundaries.
A) internationalization
B) supranationalism
C) denationalization
D) multiculturalism - (answer)A) internationalization
Which of the following refers to convergence in buyer preferences in markets around the world?
, A) heterogenization of markets
B) globalization of markets
C) segmentation of markets
D) nationalization of markets - (answer)B) globalization of markets
Which of the following refers to the use of computer networks to purchase, sell, or exchange
products; service customers; and collaborate with partners?
A) e-commerce
B) telecommuting
C) data virtualization
D) virtual hosting - (answer)A) e-commerce
Gentian Violet is a dye manufacturing company that uses computer networks to sell its products,
service customers, and collaborate with partners. Which of the following technologies is the
company engaging in this scenario?
A) rapid prototyping
B) e-business
C) simulation
D) console automation - (answer)B) e-business
Development that meets the needs of the present without compromising the ability of future
generations to meet their own needs indicates ________.
A) egalitarianism
B) denationalization
C) generalizability
D) sustainability - (answer)D) sustainability (on-going success)
Most companies today operate in an environment of increased transparency and scrutiny
regarding their business activities. This is due to ________.
A) the rise of the social media
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) Exporting
A business that has direct investments (in the form of marketing or manufacturing subsidiaries)
abroad in several countries is called a ________. - (answer)C) multinational corporation
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) born global firm
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
D) technology that lowers the costs and difficulties of global communication - (answer)D)
technology that lowers the costs and difficulties of global communication
________ is an effective alternative to traditional distribution channels for firms that sell
digitized products.
A) Dual licensing
B) Electronic distribution
C) Visual merchandising
,D) Digital switchover - (answer)B) Electronic distribution
6) ________ is the trend toward greater economic, cultural, political, and technological
interdependence among national institutions and economies.
A) Privatization
B) Heterogenization
C) Globalization
D) Decentralization - (answer)C) Globalization
7) Globalization is characterized by ________.
A) the demise of democracy within a nation
B) national boundaries becoming less relevant
C) the fortification of trade barriers
D) rigid foreign relations policies - (answer)B) national boundaries becoming less relevant
As a result of globalization, Argonia finds that its national borders are becoming less relevant.
This indicates that Argonia is undergoing ________.
A) denationalization
B) standardization
C) reorganization
D) internationalization - (answer)A) denationalization
The term ________ refers to entities cooperating across national boundaries.
A) internationalization
B) supranationalism
C) denationalization
D) multiculturalism - (answer)A) internationalization
Which of the following refers to convergence in buyer preferences in markets around the world?
, A) heterogenization of markets
B) globalization of markets
C) segmentation of markets
D) nationalization of markets - (answer)B) globalization of markets
Which of the following refers to the use of computer networks to purchase, sell, or exchange
products; service customers; and collaborate with partners?
A) e-commerce
B) telecommuting
C) data virtualization
D) virtual hosting - (answer)A) e-commerce
Gentian Violet is a dye manufacturing company that uses computer networks to sell its products,
service customers, and collaborate with partners. Which of the following technologies is the
company engaging in this scenario?
A) rapid prototyping
B) e-business
C) simulation
D) console automation - (answer)B) e-business
Development that meets the needs of the present without compromising the ability of future
generations to meet their own needs indicates ________.
A) egalitarianism
B) denationalization
C) generalizability
D) sustainability - (answer)D) sustainability (on-going success)
Most companies today operate in an environment of increased transparency and scrutiny
regarding their business activities. This is due to ________.
A) the rise of the social media
