IBA EXAM 1 questions with verified answers
graded A+ passed
1. Which term refers to the trend of corporations to me- internationalization
thodically expand their worldwide business activities?
2. involves the allocation of assets to
another country or the attainment of assets in International
that particular country. investment
3. Which term refers to the continuing economic
assim- ilation and interdependency of countries
across the globe?
Globalization of markets
4. Assets such as technology, capital, and
managerial talent are known as .
5. Which one of the following factors best explains
Factors of production
why
The liberalization of mar-
trade growth has outperformed GDP growth over the kets
years?
6. Which one of these describes a strategy that managed
involves a firm's establishing a presence
overseas by acquir- ing productive assets such
asland, plants, equipment, capital, and
technology?
7. Which one of the following statements is most
likely true?
A.
Risks can be avoided, but not managed, by
taking proactive action.
B.
Political risks can be avoided by having a
company presence in the country.
C.
Risks cannot be avoided, but they can be
1/
37
,IBA EXAM 1 questions with verified answers
graded A+ passed
Foreign direct investment
Risks cannot be avoided, but they can be managed and anticipated.
2/
37
,IBA EXAM 1 questions with verified answers
graded A+ passed
and anticipated.
D.
Commercial risks can be avoided by constantly
con- ducting research to find out how to prevent
them.
E.
Country risk and cross-cultural risk can be
managed and anticipated, but currency risk
cannot. Cross-cultural
8. Lifestyles, customs, and religion have a potential
for causing which type of international business
risk? Currency risk
9. Which term refers to the risk of adverse
fluctuations in exchange rates? Commercial risk
10. risks represents possible losses or failures
as a result of poorly implemented business
strategies, maneuvers, or processes.
Country risk
11. involves possible adverse effects on operations
and profitability due to developments in the
political, legal, and economic environments of a
foreign country.
12. initiate international business activities by en- Focal firms
visioning, crafting, and creating goods and
services for global buyers.
13. A company with or fewer employees is
de- fined as an SME. 500
14. A is a professional company that offers
logis- tics and marketing services for focal firms A distribution channel in-
as part of worldwide supply chains.
termediary
15. A distribution channel intermediary
3/
37
, IBA EXAM 1
Study online at
https://quizlet.com/_9gt1ss
A specialist firm that
pro- vides various
logistics and
marketing services for
fo- cal firms as part
of in- ternational supply
chains, both in the
home country and
16. A(n) is a large corporation with significant abroad.
resources that executes countless business
activities through a system of subsidiaries and
affiliates located in various countries. multinational enterprise
17. are corporations or individuals with expertise
facilitator in finance, legal advice, customs clearance, or
support services that help firms perform international
busi-
ness transactions.
18. facilitator a firm or an individual
with
special expertise in
bank- ing, legal
advice, customs
clearance, or related
sup- port services that
helps fo- cal firms
perform inter- national
business transac-
tions.
19. A newly established corporation that begins 20. born global
interna- tional business activity very early in its firm
development, allowing it to move promptly into
overseas markets, is called a .
graded A+ passed
1. Which term refers to the trend of corporations to me- internationalization
thodically expand their worldwide business activities?
2. involves the allocation of assets to
another country or the attainment of assets in International
that particular country. investment
3. Which term refers to the continuing economic
assim- ilation and interdependency of countries
across the globe?
Globalization of markets
4. Assets such as technology, capital, and
managerial talent are known as .
5. Which one of the following factors best explains
Factors of production
why
The liberalization of mar-
trade growth has outperformed GDP growth over the kets
years?
6. Which one of these describes a strategy that managed
involves a firm's establishing a presence
overseas by acquir- ing productive assets such
asland, plants, equipment, capital, and
technology?
7. Which one of the following statements is most
likely true?
A.
Risks can be avoided, but not managed, by
taking proactive action.
B.
Political risks can be avoided by having a
company presence in the country.
C.
Risks cannot be avoided, but they can be
1/
37
,IBA EXAM 1 questions with verified answers
graded A+ passed
Foreign direct investment
Risks cannot be avoided, but they can be managed and anticipated.
2/
37
,IBA EXAM 1 questions with verified answers
graded A+ passed
and anticipated.
D.
Commercial risks can be avoided by constantly
con- ducting research to find out how to prevent
them.
E.
Country risk and cross-cultural risk can be
managed and anticipated, but currency risk
cannot. Cross-cultural
8. Lifestyles, customs, and religion have a potential
for causing which type of international business
risk? Currency risk
9. Which term refers to the risk of adverse
fluctuations in exchange rates? Commercial risk
10. risks represents possible losses or failures
as a result of poorly implemented business
strategies, maneuvers, or processes.
Country risk
11. involves possible adverse effects on operations
and profitability due to developments in the
political, legal, and economic environments of a
foreign country.
12. initiate international business activities by en- Focal firms
visioning, crafting, and creating goods and
services for global buyers.
13. A company with or fewer employees is
de- fined as an SME. 500
14. A is a professional company that offers
logis- tics and marketing services for focal firms A distribution channel in-
as part of worldwide supply chains.
termediary
15. A distribution channel intermediary
3/
37
, IBA EXAM 1
Study online at
https://quizlet.com/_9gt1ss
A specialist firm that
pro- vides various
logistics and
marketing services for
fo- cal firms as part
of in- ternational supply
chains, both in the
home country and
16. A(n) is a large corporation with significant abroad.
resources that executes countless business
activities through a system of subsidiaries and
affiliates located in various countries. multinational enterprise
17. are corporations or individuals with expertise
facilitator in finance, legal advice, customs clearance, or
support services that help firms perform international
busi-
ness transactions.
18. facilitator a firm or an individual
with
special expertise in
bank- ing, legal
advice, customs
clearance, or related
sup- port services that
helps fo- cal firms
perform inter- national
business transac-
tions.
19. A newly established corporation that begins 20. born global
interna- tional business activity very early in its firm
development, allowing it to move promptly into
overseas markets, is called a .
