BUS 280 MIDTERM EXAM STUDY
GUIDE QUESTIONS AND CORRECT
ANSWERS
1) 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
2) A business that has direct investments (in the form of marketing or
manufacturing
subsidiaries) abroad in several countries is called a ________.
A) dummy corporation
B) shell corporation
C) multinational corporation
D) domestic corporation - ANSWER C
3) 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
4) 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
5) ________ 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
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
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
8) 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
9) The term ________ refers to entities cooperating across national boundaries.
A) internationalization
B) supranationalism
, C) denationalization
D) multiculturalism - ANSWER A
10) 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
11) 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
12) 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
13) 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
GUIDE QUESTIONS AND CORRECT
ANSWERS
1) 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
2) A business that has direct investments (in the form of marketing or
manufacturing
subsidiaries) abroad in several countries is called a ________.
A) dummy corporation
B) shell corporation
C) multinational corporation
D) domestic corporation - ANSWER C
3) 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
4) 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
5) ________ 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
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
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
8) 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
9) The term ________ refers to entities cooperating across national boundaries.
A) internationalization
B) supranationalism
, C) denationalization
D) multiculturalism - ANSWER A
10) 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
11) 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
12) 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
13) 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
