FBLA INTERNATIONAL BUSINESS QUESTIONS
1) The economic system based upon the profit motive is the:
A) socialist economy
B) command economy
C) market economy
D) mixed economy - Answer -C) market economy
2) Global dependency exists when:
A) countries count on financial aid from other parts of the world
B) items that consumers need and want are created in other countries
C) countries ban foreign trade
D) a citizen from a country gives birth to a child in a foreign country - Answer -B) items
that consumers need and want are created in other countries
3) ___ are products sold in other countries.
A) Domestic goods
B) Imports
C) Exports
D) Foreign goods - Answer -C) Exports
4) Which is not a cultural and social factor that affects the international business
environment?
A) education
B) language
C) values and customs
D) type of government - Answer -D) type of government
5) The host country
A) is the country in which a multinational enterprise is headquartered
B) is the country in which a multinational enterprise is a guest
C) does not have influence on the operation of the international business
D) is a democracy that allows the entrance of international businesses - Answer -B) is
the country in which a multinational enterprise is a guest
6) Which country would have the greatest number of extended families?
A) Mexico
B) Canada
C) Australia
D) United States - Answer -A) Mexico
7) ____ are people who live and work outside of their native countries.
A) Parent-country nationals
B) Foreign employees
C) Expatriates
, D) Third-country nationals - Answer -C) Expatriates
8) The __ uses managers from various countries with the geographic region of a
business.
A) polycentric approach
B) geocentric approach
C) regiocentric approach
D) ethnocentric approach - Answer -C) regiocentric approach
9) Employers for multinational companies do not hire employees based on
A) adaptability
B) competence
C) ethnocentrism
D) personal characteristics - Answer -C) ethnocentrism
10) Managers and families moving to other parts of the world take part in ___ to
understand the local culture.
A) repatriation training
B) spousal employment counseling
C) global orientation
D) cross-cultural training - Answer -D) cross-cultural training
11) Which of the following is an international firm?
A) Sunrise Computer Systems
B) Gary's Gas Station
C) Buer's Brewers
D) Walmart Inc. - Answer -D) Walmart Inc.
12) Of the following statements, the one that does not describe a multinational company
is that
A) it maintains both an international and local perspective.
B) it maintains only a local perspective to simplify processes.
C) its strength is that it offers a different product in each market.
D) coordination between international and local representation is crucial. - Answer -C)
its strength is that it offers a different product in each market.
13) An economy that allows an individual to personally own a business with little or no
interference from the government is a:
A) command economy
B) mixed economy
C) market economy
D) communist economy - Answer -C) market economy
14) One of the most troubled economies in the world is:
A) Japan
B) Greenland
1) The economic system based upon the profit motive is the:
A) socialist economy
B) command economy
C) market economy
D) mixed economy - Answer -C) market economy
2) Global dependency exists when:
A) countries count on financial aid from other parts of the world
B) items that consumers need and want are created in other countries
C) countries ban foreign trade
D) a citizen from a country gives birth to a child in a foreign country - Answer -B) items
that consumers need and want are created in other countries
3) ___ are products sold in other countries.
A) Domestic goods
B) Imports
C) Exports
D) Foreign goods - Answer -C) Exports
4) Which is not a cultural and social factor that affects the international business
environment?
A) education
B) language
C) values and customs
D) type of government - Answer -D) type of government
5) The host country
A) is the country in which a multinational enterprise is headquartered
B) is the country in which a multinational enterprise is a guest
C) does not have influence on the operation of the international business
D) is a democracy that allows the entrance of international businesses - Answer -B) is
the country in which a multinational enterprise is a guest
6) Which country would have the greatest number of extended families?
A) Mexico
B) Canada
C) Australia
D) United States - Answer -A) Mexico
7) ____ are people who live and work outside of their native countries.
A) Parent-country nationals
B) Foreign employees
C) Expatriates
, D) Third-country nationals - Answer -C) Expatriates
8) The __ uses managers from various countries with the geographic region of a
business.
A) polycentric approach
B) geocentric approach
C) regiocentric approach
D) ethnocentric approach - Answer -C) regiocentric approach
9) Employers for multinational companies do not hire employees based on
A) adaptability
B) competence
C) ethnocentrism
D) personal characteristics - Answer -C) ethnocentrism
10) Managers and families moving to other parts of the world take part in ___ to
understand the local culture.
A) repatriation training
B) spousal employment counseling
C) global orientation
D) cross-cultural training - Answer -D) cross-cultural training
11) Which of the following is an international firm?
A) Sunrise Computer Systems
B) Gary's Gas Station
C) Buer's Brewers
D) Walmart Inc. - Answer -D) Walmart Inc.
12) Of the following statements, the one that does not describe a multinational company
is that
A) it maintains both an international and local perspective.
B) it maintains only a local perspective to simplify processes.
C) its strength is that it offers a different product in each market.
D) coordination between international and local representation is crucial. - Answer -C)
its strength is that it offers a different product in each market.
13) An economy that allows an individual to personally own a business with little or no
interference from the government is a:
A) command economy
B) mixed economy
C) market economy
D) communist economy - Answer -C) market economy
14) One of the most troubled economies in the world is:
A) Japan
B) Greenland
