BUSA 4000 Quiz Questions (Ch. 1 - 5) Answered Correctly Rated A+
___ is the total value of products and services in a country over the course of a year - Answers GDP
Which of the following types of risk is also known as political risk? - Answers Country Risk
Businesses that directly initiate international business transactions are known as1 - Answers Focal Firms
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 - Answers D. costs of production
Which of the following best characterizes the development of international business? - Answers it has
existed in some form for centuries
Fluctuating exchange rates are an example of which of the following? - Answers 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 - Answers C. increase in trade barriers
International business is defined as the performance of ________________ activities by firm across
national borders - Answers 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 - Answers cross-border purchase of stocks
___ is the total value of products and services in a country over the course of a year - Answers GDP
Which of the following types of risk is also known as political risk? - Answers Country Risk
Businesses that directly initiate international business transactions are known as1 - Answers Focal Firms
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 - Answers D. costs of production
Which of the following best characterizes the development of international business? - Answers it has
existed in some form for centuries
Fluctuating exchange rates are an example of which of the following? - Answers 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 - Answers C. increase in trade barriers
International business is defined as the performance of ________________ activities by firm across
national borders - Answers 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 - Answers cross-border purchase of stocks
