TEST BANK
International Business with Biblical
Worldview, 2nd Edition by Brian Satterlee
Complete Chapters Test
Bank are included (Ch 1 to 8)
** Immediate Download
** Swift Response
** All Chapters included
,Chap 01 2e Satterlee
1) Globalization creates interdependencies, requires transparency, necessitates that business
people understand the ideal goal of having a seamless international marketplace, and
involves blending and merging of various cultures.
⊚ true
⊚ false
2) The United States Mexico Canada Agreement was enacted to provide uniform standards and
rules of engagement to a growing international trade market.
⊚ true
⊚ false
3) The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows:
United States, China, Germany, Japan, and United Kingdom.
⊚ true
⊚ false
4) The U.S. is home to some of the world’s leading hardware and software manufacturers.
⊚ true
⊚ false
5) Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
⊚ true
⊚ false
6) The top four export partners of the United States are as follows: Canada, Mexico, China, and
Japan.
⊚ true
⊚ false
Version 1 1
,7) United States imports primarily come from the following countries: China, Canada, Mexico,
and Germany.
⊚ true
⊚ false
8) Production is efficient when any increase or decrease in output would cause a
disproportionate increase in the cost of production and when there is no alternative that
would lead to a more profitable production of a given product.
⊚ true
⊚ false
9) The international market removes the boundaries of local market territories, thereby
decreasing the potential market audience.
⊚ true
⊚ false
10) Foreign direct investment allows domestic firms to receive capital financing from foreign
entities.
⊚ true
⊚ false
11) Horizontal integration extends a firm's competitive scope within the same industry by
performing production activities normally provided by a supplier or distributor.
⊚ true
⊚ false
12) Diversified integration occurs when a firm expands its business into different products that
are not similar to current lines.
⊚ true
⊚ false
Version 1 2
, 13) Improvement in transportation, advances in communications technology, and trade-friendly
legislation have all contributed to the desire to produce a seamless global economy.
⊚ true
⊚ false
14) Africa was one of the oldest examples of an international trading community.
⊚ true
⊚ false
15) The Industrial Revolution heralded the introduction of mass production, improved
transportation, technological progress, and the industrial factory system.
⊚ true
⊚ false
16) The Information Age was characterized by a marked surge in manufacturing techniques that
included mass assembly, electricity, and new forms of propulsion.
⊚ true
⊚ false
17) The Industrial Revolution technically could be traced to the invention of the telephone and
the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of
the microprocessor.
⊚ true
⊚ false
18) In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-
time communication over long distances.
⊚ true
⊚ false
19) Tariffs are the restrictions of the import of something to a specific quantity.
⊚ true
⊚ false
Version 1 3
International Business with Biblical
Worldview, 2nd Edition by Brian Satterlee
Complete Chapters Test
Bank are included (Ch 1 to 8)
** Immediate Download
** Swift Response
** All Chapters included
,Chap 01 2e Satterlee
1) Globalization creates interdependencies, requires transparency, necessitates that business
people understand the ideal goal of having a seamless international marketplace, and
involves blending and merging of various cultures.
⊚ true
⊚ false
2) The United States Mexico Canada Agreement was enacted to provide uniform standards and
rules of engagement to a growing international trade market.
⊚ true
⊚ false
3) The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows:
United States, China, Germany, Japan, and United Kingdom.
⊚ true
⊚ false
4) The U.S. is home to some of the world’s leading hardware and software manufacturers.
⊚ true
⊚ false
5) Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
⊚ true
⊚ false
6) The top four export partners of the United States are as follows: Canada, Mexico, China, and
Japan.
⊚ true
⊚ false
Version 1 1
,7) United States imports primarily come from the following countries: China, Canada, Mexico,
and Germany.
⊚ true
⊚ false
8) Production is efficient when any increase or decrease in output would cause a
disproportionate increase in the cost of production and when there is no alternative that
would lead to a more profitable production of a given product.
⊚ true
⊚ false
9) The international market removes the boundaries of local market territories, thereby
decreasing the potential market audience.
⊚ true
⊚ false
10) Foreign direct investment allows domestic firms to receive capital financing from foreign
entities.
⊚ true
⊚ false
11) Horizontal integration extends a firm's competitive scope within the same industry by
performing production activities normally provided by a supplier or distributor.
⊚ true
⊚ false
12) Diversified integration occurs when a firm expands its business into different products that
are not similar to current lines.
⊚ true
⊚ false
Version 1 2
, 13) Improvement in transportation, advances in communications technology, and trade-friendly
legislation have all contributed to the desire to produce a seamless global economy.
⊚ true
⊚ false
14) Africa was one of the oldest examples of an international trading community.
⊚ true
⊚ false
15) The Industrial Revolution heralded the introduction of mass production, improved
transportation, technological progress, and the industrial factory system.
⊚ true
⊚ false
16) The Information Age was characterized by a marked surge in manufacturing techniques that
included mass assembly, electricity, and new forms of propulsion.
⊚ true
⊚ false
17) The Industrial Revolution technically could be traced to the invention of the telephone and
the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of
the microprocessor.
⊚ true
⊚ false
18) In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-
time communication over long distances.
⊚ true
⊚ false
19) Tariffs are the restrictions of the import of something to a specific quantity.
⊚ true
⊚ false
Version 1 3
