DAVIS D270 MIDTERM EXAM
2025-2026|GUARANTEED
ACCURATE ANSWERS
|SOLVED
The broadening set of interdependent relationships among people from different
parts of the world is known as ________.
A) globalization
B) offshoring
C) franchising
D) outsourcing - ACCURATE ANSWERS✔✔ A
The broadening set of interdependent relationships among people from different
parts of the world is known as ________.
A) globalization
B) offshoring
C) franchising
,D) outsourcing - ACCURATE ANSWERS✔✔ C
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 confines 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. - ACCURATE ANSWERS✔✔ C
) 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 - ACCURATE ANSWERS✔✔ C
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 -
ACCURATE ANSWERS✔✔ B
,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. - ACCURATE ANSWERS✔✔ C
Which of the following is an indication of the increased globalization of business
since the end of World War II?
A) Foreign trade has largely replaced foreign ownership as a means of
conducting international business.
B) World trade has grown more rapidly than world production.
C) Globally, consumers now depend on foreign output for more than half their
consumption.
D) Countries have increased their import restrictions to counter the rising tide of
imports. - ACCURATE ANSWERS✔✔ B
Most of the world's goods and services are sold ________.
A) in international markets
B) in the countries where they are produced
C) through exports to small countries
D) through exports to large countries - ACCURATE ANSWERS✔✔ B
According to the A.T. Kearny/Foreign Policy Globalization Index, countries
________.
A) tend to be ranked similarly on all four dimensions
B) are more globalized on the political dimension than on personal contact
, C) that are large in land mass and population are less globalized than small
countries
D) sometimes rank high on one dimension and low on another - ACCURATE
ANSWERS✔✔ D
Which of the following has NOT been a major force increasing globalization in
recent decades?
A) liberalization of cross-border trade
B) increase in and expansion of technology
C) growing pressure from consumers
D) decreasing prices of natural resources. - ACCURATE ANSWERS✔✔ D
Institutional development of services by business and government has aided the
expansion of international business by ________.
A) providing a universally agreed upon language for conducting international
transactions
B) removing immigration restrictions so that global firms can move personnel
easily
C) developing means to ease the flow of goods among countries
D) spurring competition among domestic producers - ACCURATE ANSWERS✔✔
C
Which of the following has MOST influenced consumers to demand access to
foreign-made products?
A) Declining global affluence has caused consumers to seek out lower-priced
products from abroad.
B) Consumers have become more efficient in using media and technologies to
compare prices worldwide.
2025-2026|GUARANTEED
ACCURATE ANSWERS
|SOLVED
The broadening set of interdependent relationships among people from different
parts of the world is known as ________.
A) globalization
B) offshoring
C) franchising
D) outsourcing - ACCURATE ANSWERS✔✔ A
The broadening set of interdependent relationships among people from different
parts of the world is known as ________.
A) globalization
B) offshoring
C) franchising
,D) outsourcing - ACCURATE ANSWERS✔✔ C
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 confines 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. - ACCURATE ANSWERS✔✔ C
) 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 - ACCURATE ANSWERS✔✔ C
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 -
ACCURATE ANSWERS✔✔ B
,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. - ACCURATE ANSWERS✔✔ C
Which of the following is an indication of the increased globalization of business
since the end of World War II?
A) Foreign trade has largely replaced foreign ownership as a means of
conducting international business.
B) World trade has grown more rapidly than world production.
C) Globally, consumers now depend on foreign output for more than half their
consumption.
D) Countries have increased their import restrictions to counter the rising tide of
imports. - ACCURATE ANSWERS✔✔ B
Most of the world's goods and services are sold ________.
A) in international markets
B) in the countries where they are produced
C) through exports to small countries
D) through exports to large countries - ACCURATE ANSWERS✔✔ B
According to the A.T. Kearny/Foreign Policy Globalization Index, countries
________.
A) tend to be ranked similarly on all four dimensions
B) are more globalized on the political dimension than on personal contact
, C) that are large in land mass and population are less globalized than small
countries
D) sometimes rank high on one dimension and low on another - ACCURATE
ANSWERS✔✔ D
Which of the following has NOT been a major force increasing globalization in
recent decades?
A) liberalization of cross-border trade
B) increase in and expansion of technology
C) growing pressure from consumers
D) decreasing prices of natural resources. - ACCURATE ANSWERS✔✔ D
Institutional development of services by business and government has aided the
expansion of international business by ________.
A) providing a universally agreed upon language for conducting international
transactions
B) removing immigration restrictions so that global firms can move personnel
easily
C) developing means to ease the flow of goods among countries
D) spurring competition among domestic producers - ACCURATE ANSWERS✔✔
C
Which of the following has MOST influenced consumers to demand access to
foreign-made products?
A) Declining global affluence has caused consumers to seek out lower-priced
products from abroad.
B) Consumers have become more efficient in using media and technologies to
compare prices worldwide.
