BUS 280 FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS
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
B) the prosperity of developing nations
C) the heterogeneity in markets
D) labor market flexibility in developing nations - ANSWER A) the rise of the
social media
The practice by which managers and other employees find jobs within their own
companies for relatives is known as ________.
A) ethnocentricism
B) enculturation
C) nepotism
D) stratification - ANSWER C) nepotism
Nepotism often prevails in ________ cultures.
CORRECT ANSWERS
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
B) the prosperity of developing nations
C) the heterogeneity in markets
D) labor market flexibility in developing nations - ANSWER A) the rise of the
social media
The practice by which managers and other employees find jobs within their own
companies for relatives is known as ________.
A) ethnocentricism
B) enculturation
C) nepotism
D) stratification - ANSWER C) nepotism
Nepotism often prevails in ________ cultures.
