BUSA 4000 Final Exam Review with correct answers 100%

BUSA 4000 Final Exam Review with correct answers 100% International business is defined as the performance of _____ activities by firms across national borders - Correct Answer Trade and Investment Which of the following best characterizes the development of international business? - Correct Answer It has existed in some form for centuries _____ refers to the transfer of assets to another country of the acquisition of assets in that country - Correct Answer International Investment Which of the following would NOT be considered an example of foreign direct investment (FDI)? - Correct Answer Cross border purchase of stocks ____ is the total value of products and services produced in a country over the course of a year - Correct Answer GDP Which of the following has contributed to the rapid growth of trade among nations EXCEPT - Correct Answer The increase in trade barriers Which of the following types of risk is also known as political risk? - Correct Answer Country Risk Which of the following is NOT an example of a cross-cultural risk factor? - Correct Answer Cost of production Fluctuating exchange rates are an example of which of the following? - Correct Answer Currency Risk Businesses that directly initiate international business transactions are known as - Correct Answer Focal firms Firms that emphasize global integration make and sell - Correct Answer Products that require minimal adaption Graham Technologies is a UK-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a - Correct Answer Product structure Which of the following is necessary for local responsiveness to effectively increase a firm's competitiveness? - Correct Answer Local managers need to be able to make decisions based on local needs Which of the following is a disadvantage of a geographic area structure? - Correct Answer Geographic area managers potential lack of global orientation for developing and managing products