INTB 200 EXAM 1 2025 UPDATE QUESTIONS AND
CORRECT VERIFIED ANSWERS ALREADY DRADED A+
(BRAND NEW VISION)
international business - ANS-business that has operations in at least
one foreign country (products are localized)
Global business - ANS-a business selling their in product in multiple
countries where they do not localize products (such as raw materials)
multinational corporation - ANS-when a firm invests resources in
business activities outside its home country
globalization of markets - ANS-Moving away from an economic system in
which national markets are distinct entities, isolated by trade barriers and
barriers of distance, time, and culture, and toward a system in which
national markets are merging into one global market.
globalization of production - ANS-Trend by individual firms to disperse
parts of their productive processes to different locations around the globe
to take advantage of differences in cost and quality of factors of
production.
International Monetary Fund - ANS-
World Bank - ANS-makes loans to countries for economic development,
trade promotion, and debt consolidation
World Trade Organization - ANS-Polices world trading system and ensures
nations adhere to the rules established in treaties made
democracy - ANS-government run by the people
CORRECT VERIFIED ANSWERS ALREADY DRADED A+
(BRAND NEW VISION)
international business - ANS-business that has operations in at least
one foreign country (products are localized)
Global business - ANS-a business selling their in product in multiple
countries where they do not localize products (such as raw materials)
multinational corporation - ANS-when a firm invests resources in
business activities outside its home country
globalization of markets - ANS-Moving away from an economic system in
which national markets are distinct entities, isolated by trade barriers and
barriers of distance, time, and culture, and toward a system in which
national markets are merging into one global market.
globalization of production - ANS-Trend by individual firms to disperse
parts of their productive processes to different locations around the globe
to take advantage of differences in cost and quality of factors of
production.
International Monetary Fund - ANS-
World Bank - ANS-makes loans to countries for economic development,
trade promotion, and debt consolidation
World Trade Organization - ANS-Polices world trading system and ensures
nations adhere to the rules established in treaties made
democracy - ANS-government run by the people
