BUSI 3250 AUBURN- CHAPTERS 1-4 EXAM WITH
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
PASS WITH THE BEST GRADES.
Foreign Direct Investment (FDI) - Correct Answer-direct investment in equipment,
structures and organizations in a foreign country at a level sufficient to obtain
significant management control
Self-reference Criterion - Correct Answer-unconscious reference to your own
cultural values when judging behaviors of others in a new and different
environment
International managers have three choices in deciding what to do with a concept or
a technique employed in domestic operations: - Correct Answer-transfer it intact,
adapt it to local conditions, or not use it overseas
Internationalization of businesses gained traction how long ago? - Correct Answer-
100 years ago
Exporting - Correct Answer-The transportation of any domestic good or service to
a destination outside a company or region
Importing - Correct Answer-The transportation of any good or service into a
country or region, from a foreign origination point
International Business - Correct Answer-Business that is carried out across
national borders. Includes international trade and foreign manufacturing. IB deals
with domestic, foreign and international
, Foreign Business - Correct Answer-Denotes the operations of a company outside
its home or domestic market
International Company - Correct Answer-A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
Environment - Correct Answer-all of the forces influencing the life and
development of the firm
Uncontrollable Forces - Correct Answer-external forces that management has no
direct control over
Professor C.K. Prahalad popularized what term? This is also a book - Correct
Answer-"Bottom of the Period"
How many people survive on less than $2 a day? - Correct Answer-3 billion
Transnational Corporation (TNCs) - Correct Answer-an enterprise made up of
entities in more than one nation, operating under a decision-making system that
allows a common strategy and coherent policies-- they collectively account for
more than half of world trade and 10% of world GDP
5 major drivers of Internationalization of Business - Correct Answer-1. Political
2. Technological
3. Competitive
4. Market
VERIFIED QUESTIONS AND CORRECT SOLUTIONS|
PASS WITH THE BEST GRADES.
Foreign Direct Investment (FDI) - Correct Answer-direct investment in equipment,
structures and organizations in a foreign country at a level sufficient to obtain
significant management control
Self-reference Criterion - Correct Answer-unconscious reference to your own
cultural values when judging behaviors of others in a new and different
environment
International managers have three choices in deciding what to do with a concept or
a technique employed in domestic operations: - Correct Answer-transfer it intact,
adapt it to local conditions, or not use it overseas
Internationalization of businesses gained traction how long ago? - Correct Answer-
100 years ago
Exporting - Correct Answer-The transportation of any domestic good or service to
a destination outside a company or region
Importing - Correct Answer-The transportation of any good or service into a
country or region, from a foreign origination point
International Business - Correct Answer-Business that is carried out across
national borders. Includes international trade and foreign manufacturing. IB deals
with domestic, foreign and international
, Foreign Business - Correct Answer-Denotes the operations of a company outside
its home or domestic market
International Company - Correct Answer-A company with operations in multiple
nations-- no domestic firm is entirely free from foreign or international
environmental forces
Environment - Correct Answer-all of the forces influencing the life and
development of the firm
Uncontrollable Forces - Correct Answer-external forces that management has no
direct control over
Professor C.K. Prahalad popularized what term? This is also a book - Correct
Answer-"Bottom of the Period"
How many people survive on less than $2 a day? - Correct Answer-3 billion
Transnational Corporation (TNCs) - Correct Answer-an enterprise made up of
entities in more than one nation, operating under a decision-making system that
allows a common strategy and coherent policies-- they collectively account for
more than half of world trade and 10% of world GDP
5 major drivers of Internationalization of Business - Correct Answer-1. Political
2. Technological
3. Competitive
4. Market
