BUS 280 EXAM 1 QUESTIONS AND
ANSWERS
) International business - ANSWER Any commercial transaction that crosses
the borders of two or more nations is known as
imports - ANSWER Goods and services purchased abroad and brought into a
country are called ________.
exports - ANSWER ________ are all goods and services sold abroad and sent
out of a country.
C) multinational corporation - ANSWER A business that has direct
investments (in the form of marketing or manufacturing subsidiaries) abroad in
several countries is called a ________.
C) born global firm - ANSWER The rise of a new international entity called
the ________ suggests that any company, regardless of age, experience, and
resources, can engage in international business.
C) Globalization - ANSWER _____ is the trend toward greater economic,
cultural, political, and technological interdependence among national
institutions and economies.
B) globalization of markets - ANSWER Which of the following refers to
convergence in buyer preferences in markets around the world?
A) e-commerce - ANSWER Which of the following refers to the use of
computer networks to purchase, sell, or exchange products; service customers;
and collaborate with partners?
B) Globalization of production - ANSWER ________ is defined as the
dispersal of production activities to locations that help a company achieve its
cost-minimization or quality-maximization objectives for a good or service.
ANSWERS
) International business - ANSWER Any commercial transaction that crosses
the borders of two or more nations is known as
imports - ANSWER Goods and services purchased abroad and brought into a
country are called ________.
exports - ANSWER ________ are all goods and services sold abroad and sent
out of a country.
C) multinational corporation - ANSWER A business that has direct
investments (in the form of marketing or manufacturing subsidiaries) abroad in
several countries is called a ________.
C) born global firm - ANSWER The rise of a new international entity called
the ________ suggests that any company, regardless of age, experience, and
resources, can engage in international business.
C) Globalization - ANSWER _____ is the trend toward greater economic,
cultural, political, and technological interdependence among national
institutions and economies.
B) globalization of markets - ANSWER Which of the following refers to
convergence in buyer preferences in markets around the world?
A) e-commerce - ANSWER Which of the following refers to the use of
computer networks to purchase, sell, or exchange products; service customers;
and collaborate with partners?
B) Globalization of production - ANSWER ________ is defined as the
dispersal of production activities to locations that help a company achieve its
cost-minimization or quality-maximization objectives for a good or service.
