- Study guides, Class notes & Summaries

why does culture matter in international business? - ANSWER-Culture profoundly influences how people think, communicate, and behave. ... Applying this framework in your international business negotiations may enable you to understand your counterpart better and to anticipate possible misunderstandings. what are the cross cultural risks - ANSWER-a situation or event where a cultural miscommunication puts some human value at stake. It arises in environments compromised of unfamiliar languages, ...

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3 pages

Written in 2022/2023

Grade A+

LUCKYSTAR2022

IBUS 480 review Exam questions and answers Graded A+| 2026 Updated globalization the process by which national economies, markets, and societies become increasingly interconnected through trade, investment, technology, and cultural exchange. this integration reduces barriers between countries, allowing firms to operate across borders, but also increases exposure to global risks such as political instability and economic shocks. globalization of markets the convergence of consum...

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13 pages

Written in 2025/2026

Grade A+

Wisegrades

IBus Exam 3 Question and answers already passed 2026 planning - correct answer Process of identifying and selecting an organization's objectives and deciding how the organization will those objectives. (11, 276) strategy - correct answer Set of planned actions taken by managers to help a company meet its objectives. (11, 276) mission statement - correct answer written statement of why a company exists and what it plans to accomplish. (11, 276) stakeholders - correct answer ...

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7 pages

Written in 2025/2026

STUVIAMAESTRO254

IBUS 3001 Exam1 questions and answers Graded A+| 2026 Updated

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7 items

Wisegrades

Actual Ibus 380 Exam questions and answers Graded A+| 2026 Updated

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8 items

Wisegrades

IBUS Exam1 questions and answers Graded A+| 2026 Updated international services Software, data processing, computer services, etc. • Financial and professional services • Accounting, advertising, insurance, consulting, etc. • Entertainment • Travel/Tourism • Transport Multinational Enterprises (MNEs) Worldwide Network • Capital • R&D, procurement, manufacturing, marketing, etc. • Foreign Direct Investment (FDI) Small and medium enterprises Mo...

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8 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Exam2 questions and answers Graded A+| 2026 Updated multinational enterprise (MNE) A firm that has operations or subsidaries in multiple countries international human resource management (IHRM) the process of managing employees in a multinational firm across different countries and cultures parent country nationals (PCN's) employees who are citizens of the country where a foreign subsidiary operates host country nationals (HCN's) employees who are citizens of the c...

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9 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS test Exam questions and answers Graded A+| 2026 Updated Globalization The shift toward a more integrated and interdependent world economy through flows of goods, services, capital, technology, and people. Globalization of Markets The merging of national markets into a single global marketplace. Globalization of Production Sourcing goods and services from locations worldwide to take advantage of cost and quality differences. Declining Trade and Investment Barriers The r...

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5 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Test 1 review Exam questions and answers Graded A+| 2026 Updated A shipment of crocodile skin boots will fall under the regulation of which partner government agency (PGA)? - U.S. Fish and Wildlife Service What does IOR stand for?? (ANSWER ALL IN CAPS) - Importer of Record FDA (Food and Drug Administration) - Federal import regulations USDA - Plants and plant products U.S. Fish and Wildlife - wilflife, parts, or products Construct the Manufacturer ID for the follow

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6 pages

Written in 2025/2026

Grade A+

Wisegrades

ibus part 2Exam questions and answers Graded A+| 2026 Updated 6 Instruments of Trade Policy Tariffs, subsidies, import quotas/voluntary export restraints, local content requirements, admin policies, anti dumping policies Tariff rate quota Lower tariff applied when imports are within the quota, but higher when over quota Voluntary Export Restraints Voluntary imposed limits on what is exported (although its rarely voluntary and can come from presure) Local content requirement...

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6 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Module 3 Exam questions and answers Graded A+| 2026 Updated What determines a nation's long-term profit potential? - Political stability, economic system, market size, purchasing power, future growth, infrastructure, and regulatory environment. What type of economic system generally provides lower business risk? - Politically stable, market-based economic systems. What are advanced economies? - Post-industrial, high-income countries with developed infrastructure and compe...

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4 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS first Exam questions and answers Graded A+| 2026 Updated global value chain - stages of activities involved in producing a good or service with at least 2 stages taking place in different countries globalizations 1st unbundling - dividing production and consumption, emergence of massively vertically integrated factories, continuing technological advances, containerized shipping as trade supporting innovation, lowering communication costs (information technologies) globalizat...

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7 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Final Exam questions and answers Graded A+| 2026 Updated Exporting (Foreign Entry) Sale of products produced in one country to residents of another country. Firms often begin here then switch Advantages: Ability to realize location Increased speed and flexibility of engaging target markets Disadvantages: High transport costs Trade barriers Problems with local marketing agents Turnkey Project (Foreig

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7 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Final Exam questions and answers Graded A+| 2026 Updated Six Instruments of Trade Policy - 1. Tariffs 2. Subsidies 3. Import quotas 4. Tariff quotas 5. Voluntary export constraints 6. Export ban Levels of regional economic integration - 1. Free Trade Area - no trade barriers 2. Customs Union - + common external trade policy 3. Common Market - + free movement of factors of production 4. Economic Union - + common currency & tax rates 5. Political Union - +shared poli...

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5 pages

Written in 2025/2026

Grade A+

Wisegrades

Ibus Exam Two Exam questions and answers Graded A+| 2026 Updated International trade the purchase, sale or exchange of goods and services across national borders. Benefits of International Trade -Creates jobs -Obtain goods and services -Obtain higher quality products Trade Deficit a nation's imports are greater than its exports Trade Surplus a nation's exports are greater than its imports Trade Dependence Developing nations are dependent on developed neighbors Theorie...

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8 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Exam 2 0_o Exam questions and answers Graded A+| 2026 Updated Free trade agreement Agreement between countries to reduce or eliminate trade restrictions [ex. U.S has FTA's with Canada, Mexico and Israel] Export controls Government restrictions on what products can be exported and to which countries Export controls are determined by 1. country of destination 2. type of product Dual Use Product that has both civilian and military applications Governments restrict ...

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9 pages

Written in 2025/2026

Grade A+

Wisegrades

ibus definitions Exam questions and answers Graded A+| 2026 Updated international business - business activities that involve the transfer across national borders of resources, goods, services, and information cross border transactions - financial exchanges where the payer and recipient are located in different countries International portfolio investment - passive ownership of foreign securities with the purpose of gathering financial returns FDI - when a firm invests directly i...

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15 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Concept Check 3 Exam questions and answers Graded A+| 2026 Updated International business ethics Moral principles that define right & wrong behavior in conducting business in a global environment Most common ethical issues in business involve - Employment practices - Human rights - Environmental regulations - Moral obligation of multinational companies - Corruption Frameworks for employment practice standards - Home country standards (righteous moralist) - Host country standards...

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13 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS Concept Check 1 Exam questions and answers Graded A+| 2026 Updated What is IB? Business that engages in: International (CROSS-BORDER) economic activities OR business abroad What is an MNE & what is its relationship to FDI A multinational enterprise: firm that uses FDI (foreign direct investments) to establish OR purchase Income-generating assets abroad What are Multinational enterprises and why do they exist? Multinational enterprises (MNEs) are firms that own or control v...

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11 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 3201 CH.7Exam questions and answers Graded A+| 2026 Updated Which of the Tudes below is not among the seven internal issues that should be reviewed prior to undertaking an international expansion initiative? - platitude Which issue below should be considered when assessing a firm's internal preparedness for international expansion regarding Attitude? - centrality of international expansion to our growth strategy Which issue below should be considered when assessing a firm...

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4 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 3001 Exam1 questions and answers Graded A+| 2026 Updated Globalization - trend away from distinct national economic units and toward one huge global market Globalization of markets - moving away drom 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 - trend by individual firms to...

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12 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 493 – Notes Exam questions and answers Graded A+| 2026 Updated State sovereignty The supreme and independent power and authority claimed by a national state over its own territory; the principle that underpins international law Where does international Public Law come from? International public law is the law regulating relations among nations, it comes from: - Conventions (treaties): a legally binding written agreement between two or more states establishing rules - Inter...

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13 pages

Written in 2025/2026

Grade A+

Wisegrades