1
International Business Management Test Bank
International Business Management Test Bank
1. Globalization results from a dramatic increase in all of the following EXCEPT:
a.
protectionism.
b.
international trade.
c.
cultural exchange.
d.
foreign direct investment. A
_____ occurs when activities that were once part of a company's internal operation, are
performed by other firms outside of the U.S. at a lower cost.
a.
Offshoring
b.
Outsourcing
c.
Telecommuting
d.
Open-sourcing B
_____ focuses on how individuals manage a global business.
a.
International business
b.
Global business strategy
c.
International management
d.
Global trade C
Which of the following focuses on the macro approach to operating internationally?
a.
Global trade
b.
International management
c.
Global business strategy
d.
International business D
Which of the following statements about Big Unit Capitalism is false?
a.
It is characterized by a low degree of central planning even in many free-market economies.
b.
The period immediately after World War II is referred to as the period of Big Unit capitalism.
, 2
International Business Management Test Bank
c.
Big Unit Capitalism from the end of World War II until 1971 produced a period of unmatched
economic growth.
d.
It is characterized by stable economics with large domestic firms. A
Which of the following was a negotiated monetary order after World War II to govern monetary
relations and currency exchange rates among independent states?
a.
World Trade Organization
b.
Bretton Woods system
c.
Big Unit Capitalism
d.
GATT B
The change in the amount of information available began with the globalization of:
a.
computers.
b.
telephones.
c.
television.
d.
radio broadcasting. C
The flow of information about the need to be able to act on specific problems has led to a new
invention from Massachusetts Institute of Technology called the:
a.
self-replicating machine.
b.
digital fabricator.
c.
RepRap Project.
d.
fab lab.D
Which of the following statements about the fab lab is false?
a.
It is a collection of commercially available machines that can be used to make anything with
features smaller than those of a computer chip.
b.
It includes a laser cutter that makes two-dimensional and three-dimensional structures.
c.
It contains a miniature milling machine that maneuvers a cutting tool in three dimensions to
make circuit boards and other precision parts.
d.
The components can machine objects with precision within one-millionth of a meter. A
, 3
International Business Management Test Bank
What is the purpose of the fab lab?
a.
To train managers around the world and to ensure that the global managers are using consistent
methods.
b.
To give backyard and desktop inventors access to design houses and job shops to produce
prototypes.
c.
Creating a Global Production Center to ensure state-of-the-art production methods are used
around the world.
d.
Focusing on quality manufacturing and a commitment to innovation, even at the lower end of the
marketplace. B
For much of the post-Cold War era, most large-scale domestic and international lending or
underwriting was done by all of the following EXCEPT:
a.
big commercial banks.
b.
investment banks.
c.
credit unions.
d.
insurance companies. C
A new technological innovation, product, service or business model that overturns the existing
dominant innovation or technological standard in the marketplace is called a(n):
a.
de facto innovation.
b.
evolutionary innovation.
c.
sustainable innovation.
d.
disruptive innovation. D
are bonds that corporations issue directly to the public in order to raise capital.
a.
Treasury bills
b.
Equity bonds
c.
Derivatives
d.
Commercial bills C
The _____ of home mortgages occurred in the 1970s, when bonds in dominations as small as
$1,000 were created.
a.
International Business Management Test Bank
International Business Management Test Bank
1. Globalization results from a dramatic increase in all of the following EXCEPT:
a.
protectionism.
b.
international trade.
c.
cultural exchange.
d.
foreign direct investment. A
_____ occurs when activities that were once part of a company's internal operation, are
performed by other firms outside of the U.S. at a lower cost.
a.
Offshoring
b.
Outsourcing
c.
Telecommuting
d.
Open-sourcing B
_____ focuses on how individuals manage a global business.
a.
International business
b.
Global business strategy
c.
International management
d.
Global trade C
Which of the following focuses on the macro approach to operating internationally?
a.
Global trade
b.
International management
c.
Global business strategy
d.
International business D
Which of the following statements about Big Unit Capitalism is false?
a.
It is characterized by a low degree of central planning even in many free-market economies.
b.
The period immediately after World War II is referred to as the period of Big Unit capitalism.
, 2
International Business Management Test Bank
c.
Big Unit Capitalism from the end of World War II until 1971 produced a period of unmatched
economic growth.
d.
It is characterized by stable economics with large domestic firms. A
Which of the following was a negotiated monetary order after World War II to govern monetary
relations and currency exchange rates among independent states?
a.
World Trade Organization
b.
Bretton Woods system
c.
Big Unit Capitalism
d.
GATT B
The change in the amount of information available began with the globalization of:
a.
computers.
b.
telephones.
c.
television.
d.
radio broadcasting. C
The flow of information about the need to be able to act on specific problems has led to a new
invention from Massachusetts Institute of Technology called the:
a.
self-replicating machine.
b.
digital fabricator.
c.
RepRap Project.
d.
fab lab.D
Which of the following statements about the fab lab is false?
a.
It is a collection of commercially available machines that can be used to make anything with
features smaller than those of a computer chip.
b.
It includes a laser cutter that makes two-dimensional and three-dimensional structures.
c.
It contains a miniature milling machine that maneuvers a cutting tool in three dimensions to
make circuit boards and other precision parts.
d.
The components can machine objects with precision within one-millionth of a meter. A
, 3
International Business Management Test Bank
What is the purpose of the fab lab?
a.
To train managers around the world and to ensure that the global managers are using consistent
methods.
b.
To give backyard and desktop inventors access to design houses and job shops to produce
prototypes.
c.
Creating a Global Production Center to ensure state-of-the-art production methods are used
around the world.
d.
Focusing on quality manufacturing and a commitment to innovation, even at the lower end of the
marketplace. B
For much of the post-Cold War era, most large-scale domestic and international lending or
underwriting was done by all of the following EXCEPT:
a.
big commercial banks.
b.
investment banks.
c.
credit unions.
d.
insurance companies. C
A new technological innovation, product, service or business model that overturns the existing
dominant innovation or technological standard in the marketplace is called a(n):
a.
de facto innovation.
b.
evolutionary innovation.
c.
sustainable innovation.
d.
disruptive innovation. D
are bonds that corporations issue directly to the public in order to raise capital.
a.
Treasury bills
b.
Equity bonds
c.
Derivatives
d.
Commercial bills C
The _____ of home mortgages occurred in the 1970s, when bonds in dominations as small as
$1,000 were created.
a.
