BUSI 3250 Auburn Exam 1 Latest 2023 Update with
complete solution
an international company (IC) is a company headquartered in another nation
false
As used in the text, the term environment means all the forces influencing the life and
development of the firm
true
lobbyists who advocate for new laws that will affect the production of a business are an
example if an internal force
false
those who work in the international environment find that decision making is more
complex than it is in a purely domestic environment
true
Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s
false
the advent of globalization has had minimal effect on labor standards around the world
false
opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions
true
what is an example of an internal force that can affect a company's environment
human resources
Gabriel Industries is located near a port city which allows it to ship products easily
overseas to its international customers. The geographic location of the company is an
example of a(n)
external force
which of the environments associated with a company refers to the uncontrollable
forces originating outside the home country?
foreign
the proportion of world trade coming from North America, Latin America, Africa, and the
Middle East has decreased since 1983
true
thanks in part to communication advancements, international trade has stabilized and
become evenly distributed across all countries of the world
false
the vast proportion of outward FDI, about two-thirds, originates from the developed
countries
true
Internalization theory suggests that when an organization has superior knowledge, it
may obtain a better price by selling it to the open market
false
the dynamic capability theory states that for a firm to invest overseas, it must have three
kinds of advantages: ownership specific, internalization, and location specific
, false
since 1983, the proportion of world trade coming from the United States has
decreased overall
since 1980, the United States proportion of world trade in commercial services has
increased one-third
which country ranked the highest in 2016 in terms of merchandise exports?
china
a major portion of the exports from developing countries go to _________ countries,
and this proportion has been __________
developed; decreasing
when considering where to export, advantages to managers of focusing on a nation that
is already a sizable purchaser of goods coming from the home country include all of the
following EXCEPT
the cultures of the two countries should be relatively similar and compatible
when adjusting to other cultures, the first step managers can take is to compare their
current culture to another to assess its value
false
understanding how religion affects cultural attitudes is important for marketing
professionals to know
true
buddhism is based on the teachings of Siddhartha Guatama
true
Hofstede is primarily concerned with social values and the dimensions he identified that
help parents understand their children
false
feminine cultures in Hofstede's dimensions about relationships and are not focused on
their business success
false
culture is a group of shared worldviews, social rules and interpersonal dynamics that is
learned, interrelated, and shared
molly has lived in Ireland her entire life and believes that the only way to do things is
"the Irish way." This belief is an example of
ethnocentrism
two basic ways to understand the role of leadership are to provide direction for a
collection of individuals or to
integrate a group
material culture includes
all human-made objects
the most obvious cultural distinction a company must take into account when deciding
to undertake international business is
language
International Business
business that is carried across national borders
foreign business
operations of a company outside its home / domestic market
international company
complete solution
an international company (IC) is a company headquartered in another nation
false
As used in the text, the term environment means all the forces influencing the life and
development of the firm
true
lobbyists who advocate for new laws that will affect the production of a business are an
example if an internal force
false
those who work in the international environment find that decision making is more
complex than it is in a purely domestic environment
true
Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s
false
the advent of globalization has had minimal effect on labor standards around the world
false
opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions
true
what is an example of an internal force that can affect a company's environment
human resources
Gabriel Industries is located near a port city which allows it to ship products easily
overseas to its international customers. The geographic location of the company is an
example of a(n)
external force
which of the environments associated with a company refers to the uncontrollable
forces originating outside the home country?
foreign
the proportion of world trade coming from North America, Latin America, Africa, and the
Middle East has decreased since 1983
true
thanks in part to communication advancements, international trade has stabilized and
become evenly distributed across all countries of the world
false
the vast proportion of outward FDI, about two-thirds, originates from the developed
countries
true
Internalization theory suggests that when an organization has superior knowledge, it
may obtain a better price by selling it to the open market
false
the dynamic capability theory states that for a firm to invest overseas, it must have three
kinds of advantages: ownership specific, internalization, and location specific
, false
since 1983, the proportion of world trade coming from the United States has
decreased overall
since 1980, the United States proportion of world trade in commercial services has
increased one-third
which country ranked the highest in 2016 in terms of merchandise exports?
china
a major portion of the exports from developing countries go to _________ countries,
and this proportion has been __________
developed; decreasing
when considering where to export, advantages to managers of focusing on a nation that
is already a sizable purchaser of goods coming from the home country include all of the
following EXCEPT
the cultures of the two countries should be relatively similar and compatible
when adjusting to other cultures, the first step managers can take is to compare their
current culture to another to assess its value
false
understanding how religion affects cultural attitudes is important for marketing
professionals to know
true
buddhism is based on the teachings of Siddhartha Guatama
true
Hofstede is primarily concerned with social values and the dimensions he identified that
help parents understand their children
false
feminine cultures in Hofstede's dimensions about relationships and are not focused on
their business success
false
culture is a group of shared worldviews, social rules and interpersonal dynamics that is
learned, interrelated, and shared
molly has lived in Ireland her entire life and believes that the only way to do things is
"the Irish way." This belief is an example of
ethnocentrism
two basic ways to understand the role of leadership are to provide direction for a
collection of individuals or to
integrate a group
material culture includes
all human-made objects
the most obvious cultural distinction a company must take into account when deciding
to undertake international business is
language
International Business
business that is carried across national borders
foreign business
operations of a company outside its home / domestic market
international company
