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BUSA 4000 CHAPTER (1 - 5) TEST QUESTIONS WITH COMPLETE SOLUTIONS.

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BUSA 4000 CHAPTER (1 - 5) TEST QUESTIONS WITH COMPLETE SOLUTIONS.

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BUSA 4000 CHAPTER (1 - 5) TEST QUESTIONS WITH
COMPLETE SOLUTIONS


___ is the total value of products and services in a country over the course of a year --
l. l. l. l. l. l. l. l. l. l. l. l. l. l. l. l. l. l.




Answer ✔✔ GDP
l. l. l.




Which of the following types of risk is also known as political risk? -- Answer ✔✔ Country
l. l. l. l. l. l. l. l. l. l. l. l. l. l. l. l.




Risk
l.




Businesses that directly initiate international business transactions are known as1 -- Answer
l. l. l. l. l. l. l. l. l. l. l.




✔✔ Focal Firms
l. l. l.




Which of the following is NOT an example of cross-cultural risk?
l. l. l. l. l. l. l. l. l. l.




A. ethical practices
l. l.




B. negotiation practices
l. l.




C. decision-making styles
l. l.




D. costs of production -- Answer ✔✔ D. costs of production
l. l. l. l. l. l. l. l. l. l.




Which of the following best characterizes the development of international business? --
l. l. l. l. l. l. l. l. l. l. l.




Answer ✔✔ it has existed in some form for centuries
l. l. l. l. l. l. l. l. l. l.




Fluctuating exchange rates are an example of which of the following? -- Answer ✔✔
l. l. l. l. l. l. l. l. l. l. l. l. l.




currency risk
l. l.




All of the following has contributed to the rapid growth of trade among nations EXCEPT:
l. l. l. l. l. l. l. l. l. l. l. l. l. l.




A. advances in information technology
l. l. l. l.




B. the liberalization of markets
l. l. l. l.




C. the increase in trade barriers -- Answer ✔✔ C. increase in trade barriers
l. l. l. l. l. l. l. l. l. l. l. l. l.

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