BUSI 3250 EXAM STUDY GUIDE
1.International Business
Answer Business that is carried out across national borders
2.Foreign Business
Answer denotes the operations of a company outside its home or domestic market
3.International Company
Answer A company with operations in multiple nations
4.Environment
Answer All of the forces influencing the life and development of the firm
5.Uncontrollable forces
Answer external forces that management has no direct control over
6.external forces consist of the following
Answer 1. competitive
2. distributive
3. economic
4. socioeconomic
5. financial
6. legal
7. physical
8. political
9. sociocultural
10. labor
11. technological
1/6
, BUSI 3250 EXAM STUDY GUIDE
7. The domestic environment
Answer all the uncontrollable forces originating in the home country that surround and
influence the life and development of the firm
8. The foreign environment
Answer All the uncontrollable forces originating outside the home country that surround
and influence the firm
9. The international environment
Answer includes the interactions between domestic and foreign environmental forces and
between the foreign environmental forces of two countries
10. self-reference criterion
Answer unconscious reference to your own cultural values when judging behaviors of
others in a new and different environment
11. Foreign Direct Investment (FDI)
Answer Direct investments in equipment, structures, and organizations in a foreign country
at a level that is sufficient to obtain significant management control; does not include mere
foreign investment in stock markets
2/6
1.International Business
Answer Business that is carried out across national borders
2.Foreign Business
Answer denotes the operations of a company outside its home or domestic market
3.International Company
Answer A company with operations in multiple nations
4.Environment
Answer All of the forces influencing the life and development of the firm
5.Uncontrollable forces
Answer external forces that management has no direct control over
6.external forces consist of the following
Answer 1. competitive
2. distributive
3. economic
4. socioeconomic
5. financial
6. legal
7. physical
8. political
9. sociocultural
10. labor
11. technological
1/6
, BUSI 3250 EXAM STUDY GUIDE
7. The domestic environment
Answer all the uncontrollable forces originating in the home country that surround and
influence the life and development of the firm
8. The foreign environment
Answer All the uncontrollable forces originating outside the home country that surround
and influence the firm
9. The international environment
Answer includes the interactions between domestic and foreign environmental forces and
between the foreign environmental forces of two countries
10. self-reference criterion
Answer unconscious reference to your own cultural values when judging behaviors of
others in a new and different environment
11. Foreign Direct Investment (FDI)
Answer Direct investments in equipment, structures, and organizations in a foreign country
at a level that is sufficient to obtain significant management control; does not include mere
foreign investment in stock markets
2/6
