INTB Midterm ALREADY PASSED
A newer name for the term "transnational" to describe any firm doing business in more than one
country is a(n): - =Multicultural Multinational
(T/F) There is a trend toward the unification and socialization of the global community. - =True
According to Martin Wolf, inequality has risen in some high-income countries due to the nature
of: - =Technological Change
(T/F) Martin Wolf's analysis shows that income inequality has risen in most developing countries
that have integrated with the world economy. - =False
(T/F) Changing the method of going abroad from exporting to overseas production is often
necessary to protect foreign markets - =True
(T/F) NO domestic firm is entirely free from foreign or international environmental forces -
=True
According to the United Nations Conference on Trade and Development (UNCTAD), "A _____
corporation is generally regarded as an enterprise comprising entities in more than one country
which operate under a system of decision making that permits coherent policies and a common
strategy." - =Transnational
Which of the following is NOT a major driver, based on change that is leading international
firms to globalize their operations? - =Ethical
In the history of international business, why does the saying "all roads lead to China" have
relevance within the international trade system? In ancient times, China was the world's leading
manufacturing country for about - =1,800 years
, There are seven dimensions along which management can standardize when organizing their
international activities. The possibilities range from zero standardization or _____ to
standardization along all seven dimensions. - =Multidomestic
The United Nations and the governments of many developing nations use multinational instead
of transnational to describe any firm doing business in more than one country. - =False
Increasingly, one o the ways a company can also have greater revenues is through: -
=Simultaneously introducing products in new and domestic markets.
The unconscious reference to one's own cultural values when judging behaviors of others in a
new and different environment is called: - =The self- reference criterion
The transportation of any domestic good or service to a destination outside a country -
=Exporting
Which of the following is an uncontrollable external environmental force? - =Labor
How does the theory of overlapping demand differ from the theory of comparative advantage? -
=It does not specify in which direction a given good will go
Which of the following states that foreign direct investment is made by firms in oligopolistic
industries possessing technical and other advantages over local firms? - =Monopolistic
advantage theory
3) In addition to the four variables—demand conditions, factor conditions, related and supporting
industries, and firm strategy, structure, and rivalry—Porter claimed that competitiveness could
also be affected by: - =Government
is an economic philosophy based on the belief that (1) a nation's wealth depends on accumulated
treasure, and (2) to increase wealth, government policies should promote exports and discourage
imports. - =Mercantilism
A newer name for the term "transnational" to describe any firm doing business in more than one
country is a(n): - =Multicultural Multinational
(T/F) There is a trend toward the unification and socialization of the global community. - =True
According to Martin Wolf, inequality has risen in some high-income countries due to the nature
of: - =Technological Change
(T/F) Martin Wolf's analysis shows that income inequality has risen in most developing countries
that have integrated with the world economy. - =False
(T/F) Changing the method of going abroad from exporting to overseas production is often
necessary to protect foreign markets - =True
(T/F) NO domestic firm is entirely free from foreign or international environmental forces -
=True
According to the United Nations Conference on Trade and Development (UNCTAD), "A _____
corporation is generally regarded as an enterprise comprising entities in more than one country
which operate under a system of decision making that permits coherent policies and a common
strategy." - =Transnational
Which of the following is NOT a major driver, based on change that is leading international
firms to globalize their operations? - =Ethical
In the history of international business, why does the saying "all roads lead to China" have
relevance within the international trade system? In ancient times, China was the world's leading
manufacturing country for about - =1,800 years
, There are seven dimensions along which management can standardize when organizing their
international activities. The possibilities range from zero standardization or _____ to
standardization along all seven dimensions. - =Multidomestic
The United Nations and the governments of many developing nations use multinational instead
of transnational to describe any firm doing business in more than one country. - =False
Increasingly, one o the ways a company can also have greater revenues is through: -
=Simultaneously introducing products in new and domestic markets.
The unconscious reference to one's own cultural values when judging behaviors of others in a
new and different environment is called: - =The self- reference criterion
The transportation of any domestic good or service to a destination outside a country -
=Exporting
Which of the following is an uncontrollable external environmental force? - =Labor
How does the theory of overlapping demand differ from the theory of comparative advantage? -
=It does not specify in which direction a given good will go
Which of the following states that foreign direct investment is made by firms in oligopolistic
industries possessing technical and other advantages over local firms? - =Monopolistic
advantage theory
3) In addition to the four variables—demand conditions, factor conditions, related and supporting
industries, and firm strategy, structure, and rivalry—Porter claimed that competitiveness could
also be affected by: - =Government
is an economic philosophy based on the belief that (1) a nation's wealth depends on accumulated
treasure, and (2) to increase wealth, government policies should promote exports and discourage
imports. - =Mercantilism
