International Business and Money Summary (all-inclusive) [211581] 2023
B - -1) Which of the following could be considered a major reason that a city would want to host the Olympic Games? A) to prevent the economic growth of competing nations B) the long-term benefits of tourism C) to test the capacity of national infrastructure D) to promote international harmony
-D - -2) Which of the following would be considered an international business transaction? A) purchasing products in one country and assembling them in the same country B) recruiting employees internationally C) borrowing money from a major bank to finance capital improvements D) shipping finished products from one country to another for retail sale
-D - -3) The Internet has helped small businesses compete in global markets because it ________. A) allows them to establish a physical presence in each country B) avoids transactions involving foreign exchange C) eliminates price controls D) reduces entry costs
-C - -4) According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries? A) cultural distance B) administrative distance C) geographic distance D) economic distance
-C - -5) Individuals should most likely study international business to ________. A) comply with
graduate school certification requirements B) ensure that an employer has a global online presence C) remain current on the latest business methods D) obtain bilingual business experience
-A - -6) Which of the following has most likely triggered the increase of small businesses involved in international business? A) e-commerce B) economic recession C) foreign-made materials D) increased cultural literacy
-B - -7) Just-in-time systems were created in ________. A) the United States B) Japan C) Germany D) China
-B - -8) Just-in-time systems are used by firms to ________. A) store important data B) manage inventory C) monitor production D) screen job applicants
-B - -9) Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely
using a(n) ________ system. A) cross-functional B) just-in-time C) inventory management D) on-demand delivery
-C - -10) Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of international business activity? A) merchandising B) importing C) exporting D) trading -B - -11) ________ is the buying of products made in other countries for use or resale in one's own country. A) Exporting B) Importing C) Merchandising D) Transporting
-B - -12) Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent? A) exporting B) importing C) merchandising D) franchising
-A - -13) The British term for the trading of tangible goods is ________. A) visible trade B) invisible trade C) merchandising D) service franchising
-B - -14) The British term for the trading of intangible goods is ________. A) visible trade B) invisible trade C) merchandise exports and imports D) service exports and imports
-A - -15) Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________. A) exporting B) importing C) licensing D) franchising
-D - -16) Exports account for about ________ of Netherland's gross domestic product? A) 20% B) 35% C) 50% D) 75 %
-A - -17) The international business activity called ________ occurs when capital is supplied by residents of one country to residents of another country. A) international investment B) global direct investment C) portfolio financing D) state capitalism
-C - -18) ________ are investments made for the purpose of actively controlling property, assets,
or companies located in host countries. A) Licensing investments B) Portfolio investments C) Foreign direct investments D) Indirect global investments
-B - -19) Which term refers to the location of a parent company's headquarters? A) host country B) home country C) third country D) local country
-B - -20) If a company is headquartered in Taiwan, then Taiwan is the company's ________. A) host country B) home country C) dominant country D) competitive country
-D - -21) Ford Motor Company is based in Detroit, Michigan. It also has offices in Germany, England, and China. Which of the following is Ford's home country? A) Germany B) England C)
China D) United States
-A - -22) The ________ is where a company operates but is not headquartered. A) host country B) home country C) parental country D) third party country
-B - -23) Siemens is headquartered in Germany but maintains operations in the United States. The United States is the ________ country. A) home B) host C) parent D) subsidiary
-A - -24) Trade between nations can be traced back as far as ________. A) 2000 BC B) 500 BC C) 1200 D) 1600
B - -1) Which of the following could be considered a major reason that a city would want to host the Olympic Games? A) to prevent the economic growth of competing nations B) the long-term benefits of tourism C) to test the capacity of national infrastructure D) to promote international harmony
-D - -2) Which of the following would be considered an international business transaction? A) purchasing products in one country and assembling them in the same country B) recruiting employees internationally C) borrowing money from a major bank to finance capital improvements D) shipping finished products from one country to another for retail sale
-D - -3) The Internet has helped small businesses compete in global markets because it ________. A) allows them to establish a physical presence in each country B) avoids transactions involving foreign exchange C) eliminates price controls D) reduces entry costs
-C - -4) According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries? A) cultural distance B) administrative distance C) geographic distance D) economic distance
-C - -5) Individuals should most likely study international business to ________. A) comply with
graduate school certification requirements B) ensure that an employer has a global online presence C) remain current on the latest business methods D) obtain bilingual business experience
-A - -6) Which of the following has most likely triggered the increase of small businesses involved in international business? A) e-commerce B) economic recession C) foreign-made materials D) increased cultural literacy
-B - -7) Just-in-time systems were created in ________. A) the United States B) Japan C) Germany D) China
-B - -8) Just-in-time systems are used by firms to ________. A) store important data B) manage inventory C) monitor production D) screen job applicants
-B - -9) Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely
using a(n) ________ system. A) cross-functional B) just-in-time C) inventory management D) on-demand delivery
-C - -10) Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of international business activity? A) merchandising B) importing C) exporting D) trading -B - -11) ________ is the buying of products made in other countries for use or resale in one's own country. A) Exporting B) Importing C) Merchandising D) Transporting
-B - -12) Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent? A) exporting B) importing C) merchandising D) franchising
-A - -13) The British term for the trading of tangible goods is ________. A) visible trade B) invisible trade C) merchandising D) service franchising
-B - -14) The British term for the trading of intangible goods is ________. A) visible trade B) invisible trade C) merchandise exports and imports D) service exports and imports
-A - -15) Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________. A) exporting B) importing C) licensing D) franchising
-D - -16) Exports account for about ________ of Netherland's gross domestic product? A) 20% B) 35% C) 50% D) 75 %
-A - -17) The international business activity called ________ occurs when capital is supplied by residents of one country to residents of another country. A) international investment B) global direct investment C) portfolio financing D) state capitalism
-C - -18) ________ are investments made for the purpose of actively controlling property, assets,
or companies located in host countries. A) Licensing investments B) Portfolio investments C) Foreign direct investments D) Indirect global investments
-B - -19) Which term refers to the location of a parent company's headquarters? A) host country B) home country C) third country D) local country
-B - -20) If a company is headquartered in Taiwan, then Taiwan is the company's ________. A) host country B) home country C) dominant country D) competitive country
-D - -21) Ford Motor Company is based in Detroit, Michigan. It also has offices in Germany, England, and China. Which of the following is Ford's home country? A) Germany B) England C)
China D) United States
-A - -22) The ________ is where a company operates but is not headquartered. A) host country B) home country C) parental country D) third party country
-B - -23) Siemens is headquartered in Germany but maintains operations in the United States. The United States is the ________ country. A) home B) host C) parent D) subsidiary
-A - -24) Trade between nations can be traced back as far as ________. A) 2000 BC B) 500 BC C) 1200 D) 1600
