1. Today’s companies compete in a ____.
| a. | growingly domestic economy |
| b. | low-context culture |
| c. | high-context culture |
| d. | Greenfield economy |
| e. | borderless world |
2. In which stage, market potential is limited to home country, with all production and marketing facilities located at home?
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Write My Essay For Me| a. | Domestic |
| b. | International |
| c. | Global |
| d. | Multinational |
| e. | Stateless |
3. In the ____ stage a company usually adopts a multidomestic approach.
| a. | Global |
| b. | Multinational |
| c. | Stateless |
| d. | International |
| e. | Domestic |
4. Global Dandelion, with explosion of international operations stage of developement, is participating at what stage of globalization in the international arena?
| a. | International stage |
| b. | Global stage |
| c. | Domestic stage |
| d. | Multinational stage |
| e. | Interdomestic stage |
5. Quality-cast Telecom with an export-oriented, multidomestic strategic orientation would be participating in what stage of the international arena?
| a. | Domestic stage |
| b. | International stage |
| c. | Multinational stage |
| d. | Global stage |
| e. | Binational stage |
6. The process of globalization typically passes through all of the following stages EXCEPT
| a. | domestic stage. |
| b. | global stage. |
| c. | international stage. |
| d. | interdomestic stage. |
| e. | multinational stage. |
7. Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country?
| a. | Franchising |
| b. | Licensing |
| c. | Market entry strategy |
| d. | Outsourcing |
| e. | Activity |
8. The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of
| a. | licensing. |
| b. | joint venture. |
| c. | outsourcing. |
| d. | franchising. |
| e. | none of these. |
9. Most firms begin with which strategy to enter foreign markets?
| a. | Exporting |
| b. | Greenfield venture |
| c. | Joint venture |
| d. | Acquisition |
| e. | Direct investment |
10. Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?
| a. | Franchising |
| b. | Licensing |
| c. | Exporting |
| d. | Greenfield venture |
| e. | Joint venture |
11. What is exporting?
| a. | Countertrade |
| b. | The barter of products for products, often used in developing nations |
| c. | Items produced in the home country for sale in foreign markets |
| d. | All of these |
| e. | None of these |
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12. A form of exporting to less-developed countries is called
| a. | licensing. |
| b. | franchising. |
| c. | greenfield venture. |
| d. | joint venture. |
| e. | countertrade. |
13. As a first step into international business, which two countries are most companies going to today?
| a. | Russia and Japan |
| b. | Sweden and Germany |
| c. | China and India |
| d. | Brazil and Philippines |
| e. | Indonesia and Brazil |
14. ____ is the most widespread approach to international involvement in China and India.
| a. | Importing |
| b. | Exporting |
| c. | Manufacturing |
| d. | Outsourcing |
| e. | Greenfield venture |
ANS:
15. The management of business operations conducted in more than one country is called
| a. | global management. |
| b. | international management. |
| c. | outsourcing management. |
| d. | planning management. |
| e. | domestic management. |
ANS:
16. ____ aspects of management do not change when doing business internationally.
| a. | Planning |
| b. | Organizing |
| c. | Controlling |
| d. | Leading |
| e. | All of these |
ANS:
17. Language, values, religion, and education all describe which dimension in the international environment?
| a. | Economic |
| b. | Legal |
| c. | Political |
| d. | Sociocultural |
| e. | Technological |
ANS:
18. In international operations, the economic environment represents all of the following factors EXCEPT
| a. | infrastructure. |
| b. | resource and product markets. |
| c. | laws and regulations. |
| d. | inflation. |
| e. | exchange rates. |
ANS:
19. Resource development, infrastructure, and exchange rates all describe which dimension in the international environment?
| a. | Economic |
| b. | Legal |
| c. | Political |
| d. | Sociocultural |
| e. | Technological |
ANS:
20. In international operations, the economic environment includes
| a. | shared knowledge, beliefs and values. |
| b. | political risks. |
| c. | social organizations. |
| d. | infrastructure. |
| e. | tariffs, quotas, and taxes |
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