Chapter 1 Globalization Flashcards
Which of the following best defines international business?
It includes all private economic flows between two or more countries.
It includes all economic flows between two or more countries.
It includes all business transactions involving two or more countries.
It includes all business transactions in countries other than your home
country.
It includes all business transactions involving two or more countries.
Goods and services purchased abroad and brought into a country are called \_\_\_\_\_\_\_\_. Imports Gross national products Exports Gross domestic products
Imports
\_\_\_\_\_ are all goods and services sold abroad and sent out of a country. Exports Imports Gross domestic products Net national products
Exports
Olive oil prepared in a small Italian oil press factory and sold by large
supermarkets in the United States is an example of a ______.
U.S. Import
U.S. Export
Gross domestic product
Net national product
U.S. Import
U.S. Import
A business that has direct investments (in the form of marketing or
manufacturing subsidiaries) abroad in several countries is called a
_______.
Shell corporation
Domestic corporation
Dummy corporation
Multinational corporation
Multinational corporation
The rise of a new international entity called the ______ suggests that any
company, regardless of age, experience, and resources, can engage in
international business.
Transnational corporation
Global firm
Born global firm
Multinational corporation
Born global firm
Which of the following is NOT a likely reason to study international
business?
Differences among countries in physical, social, and competitive conditions may cause companies to alter their operating methods from country to
country.
Firms may be better able to obtain better or less expensive resources by
operating internationally.
Global events affect all companies
Business conducted outside the limits of any one country is inexplicably on
the decline.
Business conducted outside the limits of any one country is inexplicably on
the decline.
The term \_\_\_\_\_\_\_\_ refers to entities cooperating across national boundaries. Internationalization Supranationalism Denationalization Multiculturalism
Internationalization
Most companies today operate in an environment of increased
transparency and scrutiny regarding their business activities. This is due
to ________.
The rise of the social media
Labor market flexibility in developing nations
The prosperity of developing nations
The heterogeneity in markets
The rise of the social media
The value of all goods and services produced by a country’s domestic and
international activities over a one-year period is the country’s ________.
Gross state product (GSP)
Gross world product (GWP)
Gross national product (GNP)
Gross domestic product (GDP)
Gross national product (GNP)
Which of the following refers to the use of computer networks to
purchase, sell, or exchange products; service customers; and collaborate
Virtual hosting
E-commerce
Telecommuting
Data virtualization
E-commerce
Development that meets the needs of the present without compromising the
ability of future generations to meet their own needs indicates ________.
Denationalization
Sustainability
Egalitarianism
Generalizability
Sustainability
An established consumer market that primarily comprises the middle
class and possesses efficient infrastructure is characteristic of ________
markets.
Traditional
Emerging
Frontier
Developed
Developed
________ markets are characterized by the rural population migrating to
cities for better pay and thus, overloading cities’ infrastructures.
Traditional
Developed
Emerging
Virtual
Emerging
Which of the following has NOT been a major force increasing globalization in recent decades? decreasing prices of natural resources increase in and expansion of technology growing pressure from consumers liberalization of cross-border trade
decreasing prices of natural resources
