IB 300 Test questions with answers
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations
found that the CEOs strongly believed that: - ANS✅✅Importance of international business skills
and knowledge for promotion to senior executive positions was higher for companies anticipating an
increased level of importance of international activities in the next five years
As mentioned in the text, managers in companies with no foreign operations of any kind still need a
global perspective, for all of the following reasons except: - ANS✅✅It will enable them to be
effective leaders across different cultures and political systems
According to the text, you can improve your chances for obtaining an overseas post by doing all of
the following except: - ANS✅✅Getting a well-paid domestic internship
The increased internationalization of business requires __________ to have a basic knowledge of
international business. - ANS✅✅All managers
An international business: - ANS✅✅Is a business whose activities involve crossing national borders
Foreign business denotes: - ANS✅✅Business conducted with a foreign country
International business differs from domestic business in that a firm operating across borders must
deal with: - ANS✅✅All three of the international environment, the domestic environment, and the
foreign environment
Environment as used in the textbook is the forces surrounding and influencing the life and
development of the firm and is classified as: - ANS✅✅Controllable and uncontrollable as well as
internal and external
Uncontrollable forces - ANS✅✅The external forces that management has no direct control over,
although it can exert influence-- such as lobying for a change in a law and heavily promoting a new
product that requires a change in a cultural attitude
Examples of the kinds of uncontrollable forces listed in the text are each of the following except: -
ANS✅✅1. Competitive
, 2. Distributive
3. Economic
4. Socioeconomic
5. Financial
6. Legal
7. Physical
8. Political
9. Sociocultural
10. Labor
11. Technological
The forces over which the management does have some command are called: -
ANS✅✅Controllable forces
Foreign direct investment (FDI) from the United States to the rest of the world reached a record high
of $1.4 trillion from 2010 to 2013. This volume of FDI was _________ the U.S. average a decade
before. - ANS✅✅Almost three times
Regarding the volume of international trade, exports of U.S. goods and services ___________ in
2014. - ANS✅✅Were 2.3 trillion
The level of merchandise exports in 2013, worldwide, was: - ANS✅✅18.8 trillion
The level of services exports in 2013, worldwide, was: - ANS✅✅4.6 trillion
According to the Exporter Data Base, small and medium-sized enterprises accounted for
___________ of all U.S. exporters. - ANS✅✅25 percent
One measure of the magnitude of international trade and how it has grown is _____________ of
global output that is now destined for international trade. - ANS✅✅Total Foreign Direct
Investment
The proportion of world trade accounted for by North America has evidenced ____ since 1980. -
ANS✅✅An overall decline
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations
found that the CEOs strongly believed that: - ANS✅✅Importance of international business skills
and knowledge for promotion to senior executive positions was higher for companies anticipating an
increased level of importance of international activities in the next five years
As mentioned in the text, managers in companies with no foreign operations of any kind still need a
global perspective, for all of the following reasons except: - ANS✅✅It will enable them to be
effective leaders across different cultures and political systems
According to the text, you can improve your chances for obtaining an overseas post by doing all of
the following except: - ANS✅✅Getting a well-paid domestic internship
The increased internationalization of business requires __________ to have a basic knowledge of
international business. - ANS✅✅All managers
An international business: - ANS✅✅Is a business whose activities involve crossing national borders
Foreign business denotes: - ANS✅✅Business conducted with a foreign country
International business differs from domestic business in that a firm operating across borders must
deal with: - ANS✅✅All three of the international environment, the domestic environment, and the
foreign environment
Environment as used in the textbook is the forces surrounding and influencing the life and
development of the firm and is classified as: - ANS✅✅Controllable and uncontrollable as well as
internal and external
Uncontrollable forces - ANS✅✅The external forces that management has no direct control over,
although it can exert influence-- such as lobying for a change in a law and heavily promoting a new
product that requires a change in a cultural attitude
Examples of the kinds of uncontrollable forces listed in the text are each of the following except: -
ANS✅✅1. Competitive
, 2. Distributive
3. Economic
4. Socioeconomic
5. Financial
6. Legal
7. Physical
8. Political
9. Sociocultural
10. Labor
11. Technological
The forces over which the management does have some command are called: -
ANS✅✅Controllable forces
Foreign direct investment (FDI) from the United States to the rest of the world reached a record high
of $1.4 trillion from 2010 to 2013. This volume of FDI was _________ the U.S. average a decade
before. - ANS✅✅Almost three times
Regarding the volume of international trade, exports of U.S. goods and services ___________ in
2014. - ANS✅✅Were 2.3 trillion
The level of merchandise exports in 2013, worldwide, was: - ANS✅✅18.8 trillion
The level of services exports in 2013, worldwide, was: - ANS✅✅4.6 trillion
According to the Exporter Data Base, small and medium-sized enterprises accounted for
___________ of all U.S. exporters. - ANS✅✅25 percent
One measure of the magnitude of international trade and how it has grown is _____________ of
global output that is now destined for international trade. - ANS✅✅Total Foreign Direct
Investment
The proportion of world trade accounted for by North America has evidenced ____ since 1980. -
ANS✅✅An overall decline
