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BUSI 3250 AUBURN- CHAPTERS 1-4 EXAM
2025 QUESTIONS AND ANSWERS.
1. Foreign Direct Investment (FDI) -correct answer-direct investment in
equipment, structures and organizations in a foreign country at a level sufficient
to obtain significant management control
2. Self-reference Criterion -correct answer-unconscious reference to your own
cultural values when judging behaviors of others in a new and different
environment
3. International managers have three choices in deciding what to do with a concept
or a technique employed in domestic operations: -correct answer-transfer it
intact, adapt it to local conditions, or not use it overseas
4. Internationalization of businesses gained traction how long ago? -correct
answer-100 years ago
5. Exporting -correct answer-The transportation of any domestic good or service
to a destination outside a company or region
6. Importing -correct answer-The transportation of any good or service into a
country or region, from a foreign origination point
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7. International Business -correct answer-Business that is carried out across
national borders. Includes international trade and foreign manufacturing. IB
deals with domestic, foreign and international
8. Foreign Business -correct answer-Denotes the operations of a company outside
its home or domestic market
9. International Company -correct answer-A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
10.Environment -correct answer-all of the forces influencing the life and
development of the firm
11.Uncontrollable Forces -correct answer-external forces that management has no
direct control over
12.Professor C.K. Prahalad popularized what term? This is also a book -correct
answer-"Bottom of the Period"
13.How many people survive on less than $2 a day? -correct answer-3 billion
14.Transnational Corporation (TNCs) -correct answer-an enterprise made up of
entities in more than one nation, operating under a decision-making system that
allows a common strategy and coherent policies-- they collectively account for
more than half of world trade and 10% of world GDP
BUSI 3250 AUBURN- CHAPTERS 1-4 EXAM
2025 QUESTIONS AND ANSWERS.
1. Foreign Direct Investment (FDI) -correct answer-direct investment in
equipment, structures and organizations in a foreign country at a level sufficient
to obtain significant management control
2. Self-reference Criterion -correct answer-unconscious reference to your own
cultural values when judging behaviors of others in a new and different
environment
3. International managers have three choices in deciding what to do with a concept
or a technique employed in domestic operations: -correct answer-transfer it
intact, adapt it to local conditions, or not use it overseas
4. Internationalization of businesses gained traction how long ago? -correct
answer-100 years ago
5. Exporting -correct answer-The transportation of any domestic good or service
to a destination outside a company or region
6. Importing -correct answer-The transportation of any good or service into a
country or region, from a foreign origination point
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7. International Business -correct answer-Business that is carried out across
national borders. Includes international trade and foreign manufacturing. IB
deals with domestic, foreign and international
8. Foreign Business -correct answer-Denotes the operations of a company outside
its home or domestic market
9. International Company -correct answer-A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
10.Environment -correct answer-all of the forces influencing the life and
development of the firm
11.Uncontrollable Forces -correct answer-external forces that management has no
direct control over
12.Professor C.K. Prahalad popularized what term? This is also a book -correct
answer-"Bottom of the Period"
13.How many people survive on less than $2 a day? -correct answer-3 billion
14.Transnational Corporation (TNCs) -correct answer-an enterprise made up of
entities in more than one nation, operating under a decision-making system that
allows a common strategy and coherent policies-- they collectively account for
more than half of world trade and 10% of world GDP
