BUSA 4000 Quiz Questions (Ch. 1 - 5)
GramTech Solutions is a software development firm based in the United States. The
firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader,
he would ________. - CORRECT ANSWER-acquire managers with an international
mindset, showing an openness to and awareness of diversity across cultures
Which of the following is necessary for local responsivesness to effectively increase a
firm's competitiveness? - CORRECT ANSWER-Local managers need to be able to
make decisions based on local needs
Which of the following is NOT an example of cross-cultural risk?
A. ethical practices
B. negotiation practices
C. decision-making styles
D. costs of production - CORRECT ANSWER-D. costs of production
Which of the following best characterizes the development of international business? -
CORRECT ANSWER-it has existed in some form for centuries
Fluctuating exchange rates are an example of which of the following? - CORRECT
ANSWER-currency risk
All of the following has contributed to the rapid growth of trade among nations EXCEPT:
A. advances in information technology
B. the liberalization of markets
C. the increase in trade barriers - CORRECT ANSWER-C. increase in trade barriers
International business is defined as the performance of ________________ activities by
firm across national borders - CORRECT ANSWER-trade and investment
Which of the following would NOT be considered an example of foreign direct
investment (FDI)?
A. purchase of cpaital assets of a foreign company
B. cross-border purchase of stocks
C. cross-border purchase of a textile plant
D. purchase of foreign land for business operations - CORRECT ANSWER-cross-
border purchase of stocks
GramTech Solutions is a software development firm based in the United States. The
firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader,
he would ________. - CORRECT ANSWER-acquire managers with an international
mindset, showing an openness to and awareness of diversity across cultures
Which of the following is necessary for local responsivesness to effectively increase a
firm's competitiveness? - CORRECT ANSWER-Local managers need to be able to
make decisions based on local needs
Which of the following is NOT an example of cross-cultural risk?
A. ethical practices
B. negotiation practices
C. decision-making styles
D. costs of production - CORRECT ANSWER-D. costs of production
Which of the following best characterizes the development of international business? -
CORRECT ANSWER-it has existed in some form for centuries
Fluctuating exchange rates are an example of which of the following? - CORRECT
ANSWER-currency risk
All of the following has contributed to the rapid growth of trade among nations EXCEPT:
A. advances in information technology
B. the liberalization of markets
C. the increase in trade barriers - CORRECT ANSWER-C. increase in trade barriers
International business is defined as the performance of ________________ activities by
firm across national borders - CORRECT ANSWER-trade and investment
Which of the following would NOT be considered an example of foreign direct
investment (FDI)?
A. purchase of cpaital assets of a foreign company
B. cross-border purchase of stocks
C. cross-border purchase of a textile plant
D. purchase of foreign land for business operations - CORRECT ANSWER-cross-
border purchase of stocks
