BUSA Midterm 1 (Ch.1,2,3,4,5) with correct answers 100%

BUSA Midterm 1 (Ch.1,2,3,4,5) with correct answers 100% International Business is defined as the performance of _______ activities by firms across national borders - Correct Answer Trade and Investments International Business is also known as - Correct Answer Cross-Boarder Business Which of the following is subject to importing and exporting? - Correct Answer Both finished products and intermediate goods _____ is the total value of products and services produced in a country over the course of a year - Correct Answer GDP The first phase of globalization was characterized by the _____ - Correct Answer Growth of railroads The third phase of globalization was triggered by - Correct Answer The end of World War 11 Early multinationals from the third phase of globalization originated in _____ - Correct Answer Japan Value chain - Correct Answer The sequence of value-adding activities performed by a firm in the course of developing, producing, marketing, and servicing a product Acculturation defined as - Correct Answer process of adjusting and adapting to a culture other than ones own With regard to the iceberg concept of culture, ___________ is the most deeply embedded - Correct Answer conversational patterns In polychromic cultures, - Correct Answer members are easily distracted and are inclined to do many tasks at once Low context cultures tend to - Correct Answer conduct negotiations as efficiently as possible Polychromic - Correct Answer see time as flexible cross-cultural risk - Correct Answer arises from a situation or event in which a cultural misunderstanding puts some human value at stake