BUSI 3250 Auburn Exam 1 | 100% Correct
Answers | Verified | Latest 2024 Version
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
Answers | Verified | Latest 2024 Version
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
