IBA QUIZ 1 QUESTIONS & ANSWERS
What is the BEST rational for taking a course in international business - Answer -
experience in a global firm will make a worker more competitive
Pioneer systems is a young entrepreneurial company that has engaged in international
business from the day it opened its doors. Pioneer is categorized as a - Answer -born
global firm
Which of the following would be a cross-cultural risk in internationalization * - Answer -
different languages
Why is this miner seeking international business and what type of risk is he taking
looking for less expensive ways to acquire equipment? - Answer -to gain access to less
costly factors of production, commercial risk
What statement best explains why language is an important aspect of culture - Answer
-language facilitates communication and sheds light on people's value systems
What refers to the performance of trade and investment activities by firms across
national borders - Answer -international business
What is NOT a reason to study international business - Answer -the global markets are
decreasing
What type of group that participates in international business is most likely to work in
fields such as education and health care - Answer -nongovernmental organizations
Why might you benefit from studying a language such as Russian or Chinese - Answer
-both Russia and china feature fast growing economies
In what do companies engage when they systematically increase the international
dimension of their business activity - Answer -internationalization
Seeking ways to advance machinery to meet the needs of production as well as Eco
friendly business model, what type of international business is engaged - Answer -
foreign direct investment
An Indian company sets out to find a US hybrid and electric car manufacturer that is
willing to work with them. Why would a US firm most likely agree - Answer -to develop
a network of people and increase business in the future
Why would firms internationalize to earn higher margins and profits - Answer -market
growth in mature countries is often flat, and foreign markets may be undeserved
What is the BEST rational for taking a course in international business - Answer -
experience in a global firm will make a worker more competitive
Pioneer systems is a young entrepreneurial company that has engaged in international
business from the day it opened its doors. Pioneer is categorized as a - Answer -born
global firm
Which of the following would be a cross-cultural risk in internationalization * - Answer -
different languages
Why is this miner seeking international business and what type of risk is he taking
looking for less expensive ways to acquire equipment? - Answer -to gain access to less
costly factors of production, commercial risk
What statement best explains why language is an important aspect of culture - Answer
-language facilitates communication and sheds light on people's value systems
What refers to the performance of trade and investment activities by firms across
national borders - Answer -international business
What is NOT a reason to study international business - Answer -the global markets are
decreasing
What type of group that participates in international business is most likely to work in
fields such as education and health care - Answer -nongovernmental organizations
Why might you benefit from studying a language such as Russian or Chinese - Answer
-both Russia and china feature fast growing economies
In what do companies engage when they systematically increase the international
dimension of their business activity - Answer -internationalization
Seeking ways to advance machinery to meet the needs of production as well as Eco
friendly business model, what type of international business is engaged - Answer -
foreign direct investment
An Indian company sets out to find a US hybrid and electric car manufacturer that is
willing to work with them. Why would a US firm most likely agree - Answer -to develop
a network of people and increase business in the future
Why would firms internationalize to earn higher margins and profits - Answer -market
growth in mature countries is often flat, and foreign markets may be undeserved
