BUSI 3250 EXAM STUDY GUIDE AUBURN UNIVERSITY
1. International Business
Answer Business that is carried out across national borders. Deals with domestic, foreign,
and international.
2. Foreign Business
Answer Denotes the operations of a company outside its home or domestic market.
Interchangeable with International Business
3. International Company
Answer A company with operations in multiple nations
4. Environment
Answer All the forces influencing the life and development of the firm.
5. Uncontrollable Forces
Answer External forces that management has no direct control over.
6. Uncontrollable Forces (PESTLE)
Answer Political, Environmental, Socio-Cultural, Technological, Legal, and Economic.
7. Bottom Line Pyramid
Answer Prof. C. K. Prahalad created this to refer to the 3 billion people who survive on less
that $2 a day.
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, BUSI 3250 EXAM STUDY GUIDE AUBURN UNIVERSITY
8. Self-reference Criterion
Answer Unconscious reference to your own cultural values when judging behaviors of
others in a new and different environment. The thought that the way our country does it is
the best way.
9. What are the three choices international managers have in deciding what to do with a
concept or a technique employed in domestic ops?
Answer Transfer it intact, adapt it to local conditions, or not use it overseas.
10. International managers who ____________________ are better prepared to de-
cide which option to follow.
Answer discover there are differences in the environmental factors
11. When did the internationalization of business really gain traction?
Answer 100 years ago
12. Transnational Corporation (TNCs)
Answer An enterprise made up of entities in more than one nation, operating under a
decision making system that allows a common strategy and coherent policies.
13. Foreign Direct Investment (FDI)
Answer Direct investments in equipment, structures, and organizations in a foreign country
at a level sufficient to obtain significant management control.
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1. International Business
Answer Business that is carried out across national borders. Deals with domestic, foreign,
and international.
2. Foreign Business
Answer Denotes the operations of a company outside its home or domestic market.
Interchangeable with International Business
3. International Company
Answer A company with operations in multiple nations
4. Environment
Answer All the forces influencing the life and development of the firm.
5. Uncontrollable Forces
Answer External forces that management has no direct control over.
6. Uncontrollable Forces (PESTLE)
Answer Political, Environmental, Socio-Cultural, Technological, Legal, and Economic.
7. Bottom Line Pyramid
Answer Prof. C. K. Prahalad created this to refer to the 3 billion people who survive on less
that $2 a day.
1/9
, BUSI 3250 EXAM STUDY GUIDE AUBURN UNIVERSITY
8. Self-reference Criterion
Answer Unconscious reference to your own cultural values when judging behaviors of
others in a new and different environment. The thought that the way our country does it is
the best way.
9. What are the three choices international managers have in deciding what to do with a
concept or a technique employed in domestic ops?
Answer Transfer it intact, adapt it to local conditions, or not use it overseas.
10. International managers who ____________________ are better prepared to de-
cide which option to follow.
Answer discover there are differences in the environmental factors
11. When did the internationalization of business really gain traction?
Answer 100 years ago
12. Transnational Corporation (TNCs)
Answer An enterprise made up of entities in more than one nation, operating under a
decision making system that allows a common strategy and coherent policies.
13. Foreign Direct Investment (FDI)
Answer Direct investments in equipment, structures, and organizations in a foreign country
at a level sufficient to obtain significant management control.
2/9
