IBUS 311 - Exam 1 - COMBINED
QUIZZES Question and answer 100%
correct 2025/2026
A firm that engages in cross-border economic activities is called an
a. expatriate business.
b. emerging business.
c. international business.
d. semiglobal business - correct answer ✔International Business
A firm that engages in foreign direct investment (FDI) in other countries is called a(n):
a. GDP.
b. MNE.
c. NGO.
d. PPP. - correct answer ✔MNE
Both cross-border business activities and domestic business activities are part of:
a. emerging markets.
b. international premium.
c. PPP.
d. global business. - correct answer ✔Global business
Which country is an example of a collectivistic society that has a harder time fostering
entrepreneurship
a. Japan
b. Britain
c. Australia
d. United States - correct answer ✔Japan
Total global Gross Domestic Product (GDP) when it is calculated at official, nominal
exchange rates is approximately
_________________ trillion dollars - correct answer ✔75
A firm that engages in _________________ economic activities is called an
international business. - correct answer ✔cross-border
A firm that engages in _________________ in other countries is called an MNE. -
correct answer ✔FDI
Choose the set of countries that are all emerging economies.
a. France, Germany, United Kingdom
b. Canada, United States, Mexico
c. India, China, Thailand, Malaysia
,d. Poland, Bulgaria, Czech Republic - correct answer ✔C. India, China, Thailand,
Malaysia
Emerging markets now contribute about one-fourth of the global GDP. - correct answer
✔False
The Group of 20 (G-20) includes 19 separate member countries plus the European
Union - correct answer ✔True
An institution-based view suggests that the success and failure of firms are ennabled
and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms. - correct answer ✔True
The current global economy (total global GDP calculated at official, nominal exchange
rates) is about $89 trillion - correct answer ✔False
International business (IB) includes MNEs, but does not include domestic firms - correct
answer ✔False
Emerging markets now contribute just under one-third of the global GDP - correct
answer ✔True
The Group of 20 (G-20) includes 20 separate member countries. - correct answer
✔False
The institution-based view of core perspectives deals primarily with the firm's internal
environment, whereas the resourcebased
view deals primarily with the firm's external environment. - correct answer ✔False
Semiglobalization requires a firm to have more than one way for doing business around
the globe - correct answer ✔True
A firm's interest in acting beyond merely economic, technical, and legal requirements to
provide benefits to society is known as the firm's: - correct answer ✔CSR
An individual or group who is affected by the organization's objectives is called a: -
correct answer ✔Stakeholder
All of the following are primary stakeholders of a firm EXCEPT: - correct answer
✔Environmental groups
When a firm anticipates ways to take responsibility for its actions in its community and
tries to do more to help that community than is required legally, what type of strategy is
the firm using? - correct answer ✔Proactive strategy
, When firms pursue economics, social, and environmental performance measures that
simultaneously satisfy the demands of all stakeholder groups, they have a: - correct
answer ✔Triple bottom line
A firm relies on ____ for its continuous survival and prosperity. - correct answer
✔Primary stakeholders
All of the following are primary stakeholders of a firm EXCEPT: - correct answer
✔Members of the community where the firm is located
When a firm focuses on regulatory compliance but makes little actual commitment to
CSR, what type of strategy is the firm using? - correct answer ✔Defensive strategy
It would be irresponsible for firms to participate in social causes not directly related to
the management of primary stakeholders. - correct answer ✔False
A proactive strategy indicates that the firm's top management is entirely committed to
CSR. - correct answer ✔True
Some developing countries have been known to lower their environmental standards in
order to attract investment. - correct answer ✔True
If one of your competitors is engaging in high-profile CSR activities, you will be forced to
match or exceed your competitor's efforts in order to remain competitive. - correct
answer ✔False
A key assumption of the stakeholder view of the firm is that the firm should focus
exclusively on the firm's bottom-line profit. - correct answer ✔False
When shareholders are considered the single most important stakeholder group of a
firm, this is called shareholder capitalism. - correct answer ✔True
A reactive strategy indicates that the firm's top management is not really interested in
CSR activities. - correct answer ✔True
A defensive strategy of the firm focuses on regulatory compliance. - correct answer
✔True
There is solid research evidence that there is a positive link between CSR activities and
the profits of the firm. - correct answer ✔False
When a firm denies that there is a problem and waits for regulatory pressures before it
will change its behavior, what type of strategy is the firm using? - correct answer
✔Reactive strategy
All of the following are examples of formal institutions EXCEPT:
QUIZZES Question and answer 100%
correct 2025/2026
A firm that engages in cross-border economic activities is called an
a. expatriate business.
b. emerging business.
c. international business.
d. semiglobal business - correct answer ✔International Business
A firm that engages in foreign direct investment (FDI) in other countries is called a(n):
a. GDP.
b. MNE.
c. NGO.
d. PPP. - correct answer ✔MNE
Both cross-border business activities and domestic business activities are part of:
a. emerging markets.
b. international premium.
c. PPP.
d. global business. - correct answer ✔Global business
Which country is an example of a collectivistic society that has a harder time fostering
entrepreneurship
a. Japan
b. Britain
c. Australia
d. United States - correct answer ✔Japan
Total global Gross Domestic Product (GDP) when it is calculated at official, nominal
exchange rates is approximately
_________________ trillion dollars - correct answer ✔75
A firm that engages in _________________ economic activities is called an
international business. - correct answer ✔cross-border
A firm that engages in _________________ in other countries is called an MNE. -
correct answer ✔FDI
Choose the set of countries that are all emerging economies.
a. France, Germany, United Kingdom
b. Canada, United States, Mexico
c. India, China, Thailand, Malaysia
,d. Poland, Bulgaria, Czech Republic - correct answer ✔C. India, China, Thailand,
Malaysia
Emerging markets now contribute about one-fourth of the global GDP. - correct answer
✔False
The Group of 20 (G-20) includes 19 separate member countries plus the European
Union - correct answer ✔True
An institution-based view suggests that the success and failure of firms are ennabled
and constrained by institutions, also known as the rules of the game, such as
regulations, laws, cultures, ethics, and norms. - correct answer ✔True
The current global economy (total global GDP calculated at official, nominal exchange
rates) is about $89 trillion - correct answer ✔False
International business (IB) includes MNEs, but does not include domestic firms - correct
answer ✔False
Emerging markets now contribute just under one-third of the global GDP - correct
answer ✔True
The Group of 20 (G-20) includes 20 separate member countries. - correct answer
✔False
The institution-based view of core perspectives deals primarily with the firm's internal
environment, whereas the resourcebased
view deals primarily with the firm's external environment. - correct answer ✔False
Semiglobalization requires a firm to have more than one way for doing business around
the globe - correct answer ✔True
A firm's interest in acting beyond merely economic, technical, and legal requirements to
provide benefits to society is known as the firm's: - correct answer ✔CSR
An individual or group who is affected by the organization's objectives is called a: -
correct answer ✔Stakeholder
All of the following are primary stakeholders of a firm EXCEPT: - correct answer
✔Environmental groups
When a firm anticipates ways to take responsibility for its actions in its community and
tries to do more to help that community than is required legally, what type of strategy is
the firm using? - correct answer ✔Proactive strategy
, When firms pursue economics, social, and environmental performance measures that
simultaneously satisfy the demands of all stakeholder groups, they have a: - correct
answer ✔Triple bottom line
A firm relies on ____ for its continuous survival and prosperity. - correct answer
✔Primary stakeholders
All of the following are primary stakeholders of a firm EXCEPT: - correct answer
✔Members of the community where the firm is located
When a firm focuses on regulatory compliance but makes little actual commitment to
CSR, what type of strategy is the firm using? - correct answer ✔Defensive strategy
It would be irresponsible for firms to participate in social causes not directly related to
the management of primary stakeholders. - correct answer ✔False
A proactive strategy indicates that the firm's top management is entirely committed to
CSR. - correct answer ✔True
Some developing countries have been known to lower their environmental standards in
order to attract investment. - correct answer ✔True
If one of your competitors is engaging in high-profile CSR activities, you will be forced to
match or exceed your competitor's efforts in order to remain competitive. - correct
answer ✔False
A key assumption of the stakeholder view of the firm is that the firm should focus
exclusively on the firm's bottom-line profit. - correct answer ✔False
When shareholders are considered the single most important stakeholder group of a
firm, this is called shareholder capitalism. - correct answer ✔True
A reactive strategy indicates that the firm's top management is not really interested in
CSR activities. - correct answer ✔True
A defensive strategy of the firm focuses on regulatory compliance. - correct answer
✔True
There is solid research evidence that there is a positive link between CSR activities and
the profits of the firm. - correct answer ✔False
When a firm denies that there is a problem and waits for regulatory pressures before it
will change its behavior, what type of strategy is the firm using? - correct answer
✔Reactive strategy
All of the following are examples of formal institutions EXCEPT:
