BUS-D 270 MIDTERM QUESTIONS BEST
FOR REVISION AND THEIR 100%
CORRECT SOLUTIONS.
According to lecture discussion, MNCs are oftentimes criticized for going international. A
relentless force pushing them to go international was emphasized as - ANS Growing consumer
demand for foreign products
The two technologies featured in the lecture as contributors to the shrinking globe effect included
- ANS The jumbo jet and the cargo ship
Based on our inclass discussion and visual examples, which of the following was stressed as the
main contributor for the sense that the globe was shrinking between 1500 to 1960s? - ANS
Transportation Advances
Smaller countries tend to be _____________ globalized than larger ones. - ANS More
Home and host-country regulations on taxation, employment, and foreign-exchange transactions
are known as which of the following? - ANS Domestic Law
All are resons for reshoring EXCEPT: - ANS Good Quality
Which of the following is not a criticism of globalization? - ANS Communication between
nations
You own an American football team. After seeing an American baseball team scout foreign-born
baseball players, you decided to start looking for foreign-born football players as well. This is an
example of which of the following? - ANS Greater Global Competition
Signed contracts that permit one company to allow another to use its assets are known as which
of the following? - ANS Licensing Agreements
__________ is a country's freedom to "act locally" and without externally imposed restrictions? -
ANS Sovereignity
A mode of business in which one party allows another to use its trademark as an essential asset
of the franchisee's business is known as which of the following? - ANS Franchsing
International business transactions refer to all EXCEPT which of the following? - ANS Personal
Conversations
A United States company owns a Liverpool football club in the United Kingdom. British law
determines how the club is taxed. This is an example of which of the following factors that
influence international business? - ANS Legal
, Countries with ________income populations tend to be more globalized than those with
_________income populations? - ANS Higher;lower
The creation of legal agreements between countries that determine how earnings will be taxed by
all jurisdictions is known as which of the following? - ANS International Law
You are a professional athlete from the United States and are traveling to Rome for a
competition. Your travel expenses in Rome can be interpreted as which of the following for
Rome? - ANS Service Exports
All of the following were listed in the lecture on why globalization matters EXCEPT - ANS To
identify countries with relaxed rules
A useful analogy to communicate the nature of international business was - ANS Playing chess
vs checkers
Critics charge that globalization does which of the following to products, companies, work
methods, social structures, and even language? - ANS Homogenizes
You live in Jamaica and rarely see your country compete in many winter Olympic sports. This is
an example of
international business being affected by which of the following? - ANS Geography
Globalization allows us to do all EXCEPT which of the following? - ANS Interact only with
your nation
Which of the following make up the three major objectives that underlie the reasons for engaging
in international
business? - ANS Expanding sales, acquiring resources, and reducing risk
A company that starts out with a global focus because of its founders' international experience is
called which of the
following? - ANS A bornglobal competition
The structure of the D270 topics is related to - ANS the environmental approach
Speaking of doing international business (versus domestic business) the complexity increases
with all of the following EXCEPT - ANS The number of political parties in a country
All of the following are reasons why most governments have reduced trade restrictions
EXCEPT? - ANS Income for the government
You wish to open a fast food restaurant and choose to open a branch of an already established
company in order to use its trademark. This demonstrates which of the following? - ANS
Franchising
FOR REVISION AND THEIR 100%
CORRECT SOLUTIONS.
According to lecture discussion, MNCs are oftentimes criticized for going international. A
relentless force pushing them to go international was emphasized as - ANS Growing consumer
demand for foreign products
The two technologies featured in the lecture as contributors to the shrinking globe effect included
- ANS The jumbo jet and the cargo ship
Based on our inclass discussion and visual examples, which of the following was stressed as the
main contributor for the sense that the globe was shrinking between 1500 to 1960s? - ANS
Transportation Advances
Smaller countries tend to be _____________ globalized than larger ones. - ANS More
Home and host-country regulations on taxation, employment, and foreign-exchange transactions
are known as which of the following? - ANS Domestic Law
All are resons for reshoring EXCEPT: - ANS Good Quality
Which of the following is not a criticism of globalization? - ANS Communication between
nations
You own an American football team. After seeing an American baseball team scout foreign-born
baseball players, you decided to start looking for foreign-born football players as well. This is an
example of which of the following? - ANS Greater Global Competition
Signed contracts that permit one company to allow another to use its assets are known as which
of the following? - ANS Licensing Agreements
__________ is a country's freedom to "act locally" and without externally imposed restrictions? -
ANS Sovereignity
A mode of business in which one party allows another to use its trademark as an essential asset
of the franchisee's business is known as which of the following? - ANS Franchsing
International business transactions refer to all EXCEPT which of the following? - ANS Personal
Conversations
A United States company owns a Liverpool football club in the United Kingdom. British law
determines how the club is taxed. This is an example of which of the following factors that
influence international business? - ANS Legal
, Countries with ________income populations tend to be more globalized than those with
_________income populations? - ANS Higher;lower
The creation of legal agreements between countries that determine how earnings will be taxed by
all jurisdictions is known as which of the following? - ANS International Law
You are a professional athlete from the United States and are traveling to Rome for a
competition. Your travel expenses in Rome can be interpreted as which of the following for
Rome? - ANS Service Exports
All of the following were listed in the lecture on why globalization matters EXCEPT - ANS To
identify countries with relaxed rules
A useful analogy to communicate the nature of international business was - ANS Playing chess
vs checkers
Critics charge that globalization does which of the following to products, companies, work
methods, social structures, and even language? - ANS Homogenizes
You live in Jamaica and rarely see your country compete in many winter Olympic sports. This is
an example of
international business being affected by which of the following? - ANS Geography
Globalization allows us to do all EXCEPT which of the following? - ANS Interact only with
your nation
Which of the following make up the three major objectives that underlie the reasons for engaging
in international
business? - ANS Expanding sales, acquiring resources, and reducing risk
A company that starts out with a global focus because of its founders' international experience is
called which of the
following? - ANS A bornglobal competition
The structure of the D270 topics is related to - ANS the environmental approach
Speaking of doing international business (versus domestic business) the complexity increases
with all of the following EXCEPT - ANS The number of political parties in a country
All of the following are reasons why most governments have reduced trade restrictions
EXCEPT? - ANS Income for the government
You wish to open a fast food restaurant and choose to open a branch of an already established
company in order to use its trademark. This demonstrates which of the following? - ANS
Franchising
