International Management Final Exam
questions with complete solutions
Which of the following would be considered an international business transaction? - ANS
✔✔Shipping finished products from one country to another for retail sale
The internet has helped small business compete in global markets because it ______ - ANS
✔✔Reduces entry costs
According to the CAGE Model, which of the following refers to the physical, communications,
and transportation links between countries? - ANS ✔✔Geographic Distance
Individuals should most likely study international business to - ANS ✔✔Remain current on the
latest business methods
Just-in-time systems were created in _____ - ANS ✔✔Japan
Just- in-time systems are used by firms to _______ - ANS ✔✔Manage Inventory
______ is the buying of products made in other countries for use or resale in one's own country.
- ANS ✔✔Importing
The international business activity called _____ occurs when capital is supplied by residents of
one country of residents of another country. - ANS ✔✔International investment
_____ are investments made for the purpose of actively controlling property, assets, or
companies located in host countries. - ANS ✔✔Foreign Direct Investment
,Siemens is headquartered in Germany but maintains operations in the United States. The
United States is the ____ country. - ANS ✔✔Host
McDonald's has licensed its brand name, operational systems, and trademarks to individual
restaurant owners in Europe. This is called _____ - ANS ✔✔Franchising
A(n) ____ involves a firm in one country agreeing to operate facilities for a firm in another
country for an agreed free. - ANS ✔✔Management Contract
Approximately ____ of the world's current economic activity is concentrated in North America,
the EU, and Japan. - ANS ✔✔57%
Companies doing international business are more likely to be successful when they _____ - ANS
✔✔Understand local market characteristics
In the twenty-first century, growth rates in _____ have outpaced those in _____ - ANS ✔✔China
and India; Germany and Japan
______ is the currency in which the sale of goods and services is denominated. - ANS
✔✔Invoicing currency
____ is the money sent out of a politically or economically unstable country to one perceived as
a safe haven. - ANS ✔✔Flight Capital
Which of the following aspects about Canada is a concern to many international investors? -
ANS ✔✔Separatist movement
, What is the most likely reason that Germany is considered the most important member of the
EU? - ANS ✔✔Germany has the world's fourth largest economy
Which of these countries is not a member of the EU? - ANS ✔✔Norway
Russia's major natural resources include which of the following? - ANS ✔✔Natural Gas
The Four Tigers are also called _______ - ANS ✔✔Newly industrialized countries
Which of the countries listed below is considered one of the Four Tigers? - ANS ✔✔Taiwan
Statutory law is primarily based on _____ - ANS ✔✔Legislative Actions
Common law is primarily based on ____ - ANS ✔✔The cumulative wisdom of judges' decisions
on individual cases through history
Civil law is primarily based on _____ - ANS ✔✔a codification of what is and is not permissible
Which of the following is a foundation for legal systems? - ANS ✔✔Common Law
The foundation of the legal system in India is ______ - ANS ✔✔Common Law
_______ is based on codification of what is and is not permissible. - ANS ✔✔Civil Law
The U.S. Freedom of Information Act is an example of _____ - ANS ✔✔Statutory Law
In which of the following countries are interest-bearing transactions not allowed? - ANS ✔✔Iran
questions with complete solutions
Which of the following would be considered an international business transaction? - ANS
✔✔Shipping finished products from one country to another for retail sale
The internet has helped small business compete in global markets because it ______ - ANS
✔✔Reduces entry costs
According to the CAGE Model, which of the following refers to the physical, communications,
and transportation links between countries? - ANS ✔✔Geographic Distance
Individuals should most likely study international business to - ANS ✔✔Remain current on the
latest business methods
Just-in-time systems were created in _____ - ANS ✔✔Japan
Just- in-time systems are used by firms to _______ - ANS ✔✔Manage Inventory
______ is the buying of products made in other countries for use or resale in one's own country.
- ANS ✔✔Importing
The international business activity called _____ occurs when capital is supplied by residents of
one country of residents of another country. - ANS ✔✔International investment
_____ are investments made for the purpose of actively controlling property, assets, or
companies located in host countries. - ANS ✔✔Foreign Direct Investment
,Siemens is headquartered in Germany but maintains operations in the United States. The
United States is the ____ country. - ANS ✔✔Host
McDonald's has licensed its brand name, operational systems, and trademarks to individual
restaurant owners in Europe. This is called _____ - ANS ✔✔Franchising
A(n) ____ involves a firm in one country agreeing to operate facilities for a firm in another
country for an agreed free. - ANS ✔✔Management Contract
Approximately ____ of the world's current economic activity is concentrated in North America,
the EU, and Japan. - ANS ✔✔57%
Companies doing international business are more likely to be successful when they _____ - ANS
✔✔Understand local market characteristics
In the twenty-first century, growth rates in _____ have outpaced those in _____ - ANS ✔✔China
and India; Germany and Japan
______ is the currency in which the sale of goods and services is denominated. - ANS
✔✔Invoicing currency
____ is the money sent out of a politically or economically unstable country to one perceived as
a safe haven. - ANS ✔✔Flight Capital
Which of the following aspects about Canada is a concern to many international investors? -
ANS ✔✔Separatist movement
, What is the most likely reason that Germany is considered the most important member of the
EU? - ANS ✔✔Germany has the world's fourth largest economy
Which of these countries is not a member of the EU? - ANS ✔✔Norway
Russia's major natural resources include which of the following? - ANS ✔✔Natural Gas
The Four Tigers are also called _______ - ANS ✔✔Newly industrialized countries
Which of the countries listed below is considered one of the Four Tigers? - ANS ✔✔Taiwan
Statutory law is primarily based on _____ - ANS ✔✔Legislative Actions
Common law is primarily based on ____ - ANS ✔✔The cumulative wisdom of judges' decisions
on individual cases through history
Civil law is primarily based on _____ - ANS ✔✔a codification of what is and is not permissible
Which of the following is a foundation for legal systems? - ANS ✔✔Common Law
The foundation of the legal system in India is ______ - ANS ✔✔Common Law
_______ is based on codification of what is and is not permissible. - ANS ✔✔Civil Law
The U.S. Freedom of Information Act is an example of _____ - ANS ✔✔Statutory Law
In which of the following countries are interest-bearing transactions not allowed? - ANS ✔✔Iran
