IMS 3310 Exam 1 UT Dallas questions
with verified answers
Business that is carried out across national borders - correct answer ✔✔International Business
The operations of a company outside its home or domestic market - correct answer ✔✔Foreign
Business
A company with operations in multiple nations - correct answer ✔✔International Company (IC)
All the forces influencing the life and development of the firm - correct answer ✔✔Environment
The External forces that management has no direct control over - correct answer
✔✔Uncontrollable forces
-competitive
-Distributive
-Economic
-Socioeconomic
-Financial
-Legal
-Physical
-Political
-Sociocultural
-Labor
,-Technological - correct answer ✔✔What are the 11 Uncontrollable Forces?
Internal forces that management administers to adapt to changes in the uncontrollable forces
1. Human Resources
2. Finance
3. Production
4. Marketing - correct answer ✔✔Controllable Forces
All the uncontrollable forces originating in the home country that surround and influence the
life and development of the firm - correct answer ✔✔Domestic Environment
All the uncontrollable forces originating outside the home country that surround and influence
the firm
-values often differ widely
-difficult to asses, especially legal and political forces
-forces interrelated - correct answer ✔✔Foreign Environment
Interactions between domestic and foreign environmental forces, as well as interactions
between the foreign environmental forces of two countries
-Decision making is more complex
-Managers in home office overseeing subsidiaries in 10 different nations must consider not only
domestic forces but also the influence of 10 foreign national environments, both individually
and collectively since there may be some interaction - correct answer ✔✔International
Environment
, Unconscious references to your own cultural values when judging behaviors of others in
environment
-Time Vs Money - correct answer ✔✔Self Reference Orientation
Direct investments in equipment, structures, and organizations in a foreign country at a level
sufficient to obtain significant management control;
Note: does not include mere foreign investment in stocks - correct answer ✔✔Foreign Direct
Investment (FDI)
The transportation of any domestic good or service to a destination outside a country or region
- correct answer ✔✔Exporting
The transportation of any good or service into a country or region, from a foreign origination
point - correct answer ✔✔Importing
The tendency toward an international integration and interdependency of good, technology,
info, labor, and capital, or the process of making this integration happen - correct answer
✔✔economic globalization
The amount by which by which the value of imports into a nation exceeds the value of trade
exports
Imports > Exports - correct answer ✔✔Trade Defecit
Exports > Imports - correct answer ✔✔Trade Surplus
with verified answers
Business that is carried out across national borders - correct answer ✔✔International Business
The operations of a company outside its home or domestic market - correct answer ✔✔Foreign
Business
A company with operations in multiple nations - correct answer ✔✔International Company (IC)
All the forces influencing the life and development of the firm - correct answer ✔✔Environment
The External forces that management has no direct control over - correct answer
✔✔Uncontrollable forces
-competitive
-Distributive
-Economic
-Socioeconomic
-Financial
-Legal
-Physical
-Political
-Sociocultural
-Labor
,-Technological - correct answer ✔✔What are the 11 Uncontrollable Forces?
Internal forces that management administers to adapt to changes in the uncontrollable forces
1. Human Resources
2. Finance
3. Production
4. Marketing - correct answer ✔✔Controllable Forces
All the uncontrollable forces originating in the home country that surround and influence the
life and development of the firm - correct answer ✔✔Domestic Environment
All the uncontrollable forces originating outside the home country that surround and influence
the firm
-values often differ widely
-difficult to asses, especially legal and political forces
-forces interrelated - correct answer ✔✔Foreign Environment
Interactions between domestic and foreign environmental forces, as well as interactions
between the foreign environmental forces of two countries
-Decision making is more complex
-Managers in home office overseeing subsidiaries in 10 different nations must consider not only
domestic forces but also the influence of 10 foreign national environments, both individually
and collectively since there may be some interaction - correct answer ✔✔International
Environment
, Unconscious references to your own cultural values when judging behaviors of others in
environment
-Time Vs Money - correct answer ✔✔Self Reference Orientation
Direct investments in equipment, structures, and organizations in a foreign country at a level
sufficient to obtain significant management control;
Note: does not include mere foreign investment in stocks - correct answer ✔✔Foreign Direct
Investment (FDI)
The transportation of any domestic good or service to a destination outside a country or region
- correct answer ✔✔Exporting
The transportation of any good or service into a country or region, from a foreign origination
point - correct answer ✔✔Importing
The tendency toward an international integration and interdependency of good, technology,
info, labor, and capital, or the process of making this integration happen - correct answer
✔✔economic globalization
The amount by which by which the value of imports into a nation exceeds the value of trade
exports
Imports > Exports - correct answer ✔✔Trade Defecit
Exports > Imports - correct answer ✔✔Trade Surplus
