BUSI 3250 AUBURN COMPREHENSIVE
STUDY GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ an international company (IC) is a company headquartered in another
nation.
Answer: false
◍ when adjusting to other cultures, the first step managers can take is to
compare their current culture to another to assess its value.
Answer: false
◍ opponents of free trade point out that globalization has contributed to a
decline in environmental and health conditions.
Answer: true
◍ political drivers.
Answer: -trends toward unification and socialization of the global
economy-concerns about protectionism by host country markets
◍ market drivers.
Answer: -as firms internalize, they become global customers-firms go
abroad to prevent foreign suppliers from accessing their customers
◍ Power Distance.
Answer: Hofstede: extent to which members of a society expect power to be
distributed is "__________ _________" (write out fully)
◍ Environmental.
Answer: ______________ forces influence life and development of firm
◍ Income.
Answer: Increasing GDP, Increases _______
, ◍ technological drivers.
Answer: -advances in technology - increased flow of ideas and
information-smaller companies can communicate with customers
abroad-computer based communication may enhance virtual integration
◍ theory of comparative advantage.
Answer: when one nation is less efficient than another in the production of
two goods, that nation has comparative advantage in the good which its
absolute disadvantage is less
◍ arguments supporting globalization.
Answer: -free trade enhances socioeconomic development-free trade
promotes more and better jobs
◍ Culture.
Answer: _______ plays roles in motivating and evaluating employers
◍ the most obvious cultural distinction a company must take into account
when deciding to undertake international business is.
Answer: language
◍ Globalization.
Answer: - trade enhancing development is a reason to continue
______________
◍ export, import.
Answer: Test Question - Trade Surplus = ______ > ________ (separate
answers with comma and space)
◍ cost drivers.
Answer: going abroad can lower costs of goods sold
◍ 3 advantages needed for a firm to invest in facilities overseas:.
Answer: ownership - specific advantagelocation - specific
advantageinternational advantage
◍ Mercantilism.
Answer: nations wealth and power are best shown by trade is ___________.
STUDY GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ an international company (IC) is a company headquartered in another
nation.
Answer: false
◍ when adjusting to other cultures, the first step managers can take is to
compare their current culture to another to assess its value.
Answer: false
◍ opponents of free trade point out that globalization has contributed to a
decline in environmental and health conditions.
Answer: true
◍ political drivers.
Answer: -trends toward unification and socialization of the global
economy-concerns about protectionism by host country markets
◍ market drivers.
Answer: -as firms internalize, they become global customers-firms go
abroad to prevent foreign suppliers from accessing their customers
◍ Power Distance.
Answer: Hofstede: extent to which members of a society expect power to be
distributed is "__________ _________" (write out fully)
◍ Environmental.
Answer: ______________ forces influence life and development of firm
◍ Income.
Answer: Increasing GDP, Increases _______
, ◍ technological drivers.
Answer: -advances in technology - increased flow of ideas and
information-smaller companies can communicate with customers
abroad-computer based communication may enhance virtual integration
◍ theory of comparative advantage.
Answer: when one nation is less efficient than another in the production of
two goods, that nation has comparative advantage in the good which its
absolute disadvantage is less
◍ arguments supporting globalization.
Answer: -free trade enhances socioeconomic development-free trade
promotes more and better jobs
◍ Culture.
Answer: _______ plays roles in motivating and evaluating employers
◍ the most obvious cultural distinction a company must take into account
when deciding to undertake international business is.
Answer: language
◍ Globalization.
Answer: - trade enhancing development is a reason to continue
______________
◍ export, import.
Answer: Test Question - Trade Surplus = ______ > ________ (separate
answers with comma and space)
◍ cost drivers.
Answer: going abroad can lower costs of goods sold
◍ 3 advantages needed for a firm to invest in facilities overseas:.
Answer: ownership - specific advantagelocation - specific
advantageinternational advantage
◍ Mercantilism.
Answer: nations wealth and power are best shown by trade is ___________.
