1|Page
BUS 206 EXAM ACTUAL EXAM UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
WITH A GUARANTEED A+|| 2025-2026 LATEST
AND COMPLETE UPDATE WITH VERIFIED
SOLUTIONS|| GUARANTEED PASS!!
A multinational enterprise (MNE) is one that is ________. - ANSWER: willing to
consider market and production locations anywhere in the world
Which of the following best defines international business? - ANSWER: It
includes all business transactions involving two or more countries, whether the
transactions are conducted by private or governmental organizations.
By operating internationally, a company may take advantage of business-cycle
differences among countries and thereby reduce its financial risks. - ANSWER:
True
People favoring globalization claim that the process helps countries strengthen
their sovereignty. - ANSWER: False
Most countries' imports account for more than half of their citizens' consumption
of goods and services. - ANSWER: False
,2|Page
A motive for a company to conduct international business is to acquire resources
abroad. Which of the following is NOT an example of a resource acquisition
motive? - ANSWER: following a customer into a foreign market
The term globalization is sometimes used to mean the ________. - ANSWER:
integration of world economies through the reduction of barriers to the movement
of trade, capital, technology, and people
Gaining some understanding of international business is important for any business
student because global events and competition affect almost all companies. -
ANSWER: True
Which of the following is NOT a reason to study international business? -
ANSWER: Business conducted outside the confines of any one country is on the
decline.
Flower producers from Ecuador, Israel, and New Zealand all compete for sales in
the same American markets. This is due primarily to ________. - ANSWER:
advances in transportation
A(n) ________ law system is based on a systematic and extensive codification of
laws and puts political officials in charge of specifying accessible, detailed, and
written law that applies to all citizens. - ANSWER: civil
, 3|Page
A system in which individuals, rather than the government, make the majority of
economic decisions is commonly referred to as a ________. - ANSWER: market
economy
There is no need for MNCs to constantly reassess the economic risks of the
countries they operate in. - ANSWER: False
The legal system of a country refers to the mechanism it uses for creating,
interpreting, and enforcing the laws of the country. - ANSWER: True
Some argue that gross national income, and its expression in terms of per capita,
growth rate, or PPP refinements, focuses too much on ________, thereby only
partially representing the scale and scope of a country's level of development. -
ANSWER: monetary indicators
A(n) ________ ideology is the system of ideas that expresses the goals, theories,
and aims of how society should work. - ANSWER: political
In a ________, all dimensions of economic activity, including pricing and
production decisions, are determined by a central government plan. - ANSWER:
command economy
BUS 206 EXAM ACTUAL EXAM UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
WITH A GUARANTEED A+|| 2025-2026 LATEST
AND COMPLETE UPDATE WITH VERIFIED
SOLUTIONS|| GUARANTEED PASS!!
A multinational enterprise (MNE) is one that is ________. - ANSWER: willing to
consider market and production locations anywhere in the world
Which of the following best defines international business? - ANSWER: It
includes all business transactions involving two or more countries, whether the
transactions are conducted by private or governmental organizations.
By operating internationally, a company may take advantage of business-cycle
differences among countries and thereby reduce its financial risks. - ANSWER:
True
People favoring globalization claim that the process helps countries strengthen
their sovereignty. - ANSWER: False
Most countries' imports account for more than half of their citizens' consumption
of goods and services. - ANSWER: False
,2|Page
A motive for a company to conduct international business is to acquire resources
abroad. Which of the following is NOT an example of a resource acquisition
motive? - ANSWER: following a customer into a foreign market
The term globalization is sometimes used to mean the ________. - ANSWER:
integration of world economies through the reduction of barriers to the movement
of trade, capital, technology, and people
Gaining some understanding of international business is important for any business
student because global events and competition affect almost all companies. -
ANSWER: True
Which of the following is NOT a reason to study international business? -
ANSWER: Business conducted outside the confines of any one country is on the
decline.
Flower producers from Ecuador, Israel, and New Zealand all compete for sales in
the same American markets. This is due primarily to ________. - ANSWER:
advances in transportation
A(n) ________ law system is based on a systematic and extensive codification of
laws and puts political officials in charge of specifying accessible, detailed, and
written law that applies to all citizens. - ANSWER: civil
, 3|Page
A system in which individuals, rather than the government, make the majority of
economic decisions is commonly referred to as a ________. - ANSWER: market
economy
There is no need for MNCs to constantly reassess the economic risks of the
countries they operate in. - ANSWER: False
The legal system of a country refers to the mechanism it uses for creating,
interpreting, and enforcing the laws of the country. - ANSWER: True
Some argue that gross national income, and its expression in terms of per capita,
growth rate, or PPP refinements, focuses too much on ________, thereby only
partially representing the scale and scope of a country's level of development. -
ANSWER: monetary indicators
A(n) ________ ideology is the system of ideas that expresses the goals, theories,
and aims of how society should work. - ANSWER: political
In a ________, all dimensions of economic activity, including pricing and
production decisions, are determined by a central government plan. - ANSWER:
command economy
