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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 - 🧠 ANSWER ✔✔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 - 🧠 ANSWER ✔✔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. - 🧠 ANSWER ✔✔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 - 🧠 ANSWER ✔✔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 -
🧠 ANSWER ✔✔B
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3
, 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
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. - 🧠 ANSWER ✔✔B