International Business: Environments and Operations, 15e (Daniels et al.)
Chapter 1 Globalization and International Business
1) The widening set of interdependent relationships among people from different parts of
the world is known as ________.
A) globalization
B) offshoring
C) franchising
D) outsourcing
Answer: A
Diff: 1
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
2) Which of the following best defines international business?
A) It includes all economic flows between two or more countries.
B) It includes all private economic flows between two or more countries.
C) It includes all business transactions involving two or more countries.
D) It includes all business transactions in countries other than your home country.
Answer: C
Diff: 2
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
,Objective: 1
AACSB: Diverse and multicultural work environments
3) Which of the following is NOT a likely reason to study international business?
A) Global events affect almost all companies.
B) Differences among countries in physical, social, and competitive conditions may
cause companies to alter their operating methods from country to country.
C) Business conducted outside the limits of any one country is inexplicably on the
decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
Answer: C
Diff: 3
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
,4) In terms of international business, it is most accurate to say that ________.
A) there is a universal "best way" to conduct business
B) global competition affects large companies but not small ones
C) most firms depend either on foreign markets and supplies or compete against
companies that do
D) government regulation of international business has little effect on a company's profits
Answer: C
Diff: 2
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
5) Devon, an accounts manager at a large electronics firm, does not have any direct
international responsibilities; however, Devon would most likely benefit from studying
international business issues so that he can ________.
A) conduct better job interviews
B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas
Answer: B
Diff: 2
Skill: Application
Objective: 1
AACSB: Diverse and multicultural work environments
, 6) The shifting of national borders has most likely created which of the following
situations for international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign
operations.
Answer: C
Diff: 3
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
Chapter 1 Globalization and International Business
1) The widening set of interdependent relationships among people from different parts of
the world is known as ________.
A) globalization
B) offshoring
C) franchising
D) outsourcing
Answer: A
Diff: 1
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
2) Which of the following best defines international business?
A) It includes all economic flows between two or more countries.
B) It includes all private economic flows between two or more countries.
C) It includes all business transactions involving two or more countries.
D) It includes all business transactions in countries other than your home country.
Answer: C
Diff: 2
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
,Objective: 1
AACSB: Diverse and multicultural work environments
3) Which of the following is NOT a likely reason to study international business?
A) Global events affect almost all companies.
B) Differences among countries in physical, social, and competitive conditions may
cause companies to alter their operating methods from country to country.
C) Business conducted outside the limits of any one country is inexplicably on the
decline.
D) Firms may be better able to obtain better or less expensive resources by operating
internationally.
Answer: C
Diff: 3
Learning Outcome: Define the fundamental concepts of international business
Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
,4) In terms of international business, it is most accurate to say that ________.
A) there is a universal "best way" to conduct business
B) global competition affects large companies but not small ones
C) most firms depend either on foreign markets and supplies or compete against
companies that do
D) government regulation of international business has little effect on a company's profits
Answer: C
Diff: 2
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 1
AACSB: Diverse and multicultural work environments
5) Devon, an accounts manager at a large electronics firm, does not have any direct
international responsibilities; however, Devon would most likely benefit from studying
international business issues so that he can ________.
A) conduct better job interviews
B) better understand how foreign operations affect the company's competitive position
C) supervise and evaluate subordinates who have global assignments
D) understand the legalities of importing and exporting products overseas
Answer: B
Diff: 2
Skill: Application
Objective: 1
AACSB: Diverse and multicultural work environments
, 6) The shifting of national borders has most likely created which of the following
situations for international business?
A) It has left rural residents more isolated from technology.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has increased physical barriers to exporting.
D) It has slowed communications between a company's headquarters and foreign
operations.
Answer: C
Diff: 3
Learning Outcome: Discuss trends in and the debate over globalization
Skill: Concept
Objective: 2
AACSB: Diverse and multicultural work environments
