sec 1 Flashcards

1
Q

T OR F: he international business environment varies only slightly from the domestic environment.

A

False

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2
Q

T OR F: A United States business firm may choose to produce its products in a foreign country.

A

True

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3
Q

T OR F: A United States firm may have more customers in foreign countries than in the United States.

A

True

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4
Q

T OR F: A lack of personal contact is frequently a characteristic of international trade.

A

True

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5
Q

T OR F: Political disturbances may slow down or prevent international trading of goods.

A

True

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6
Q

T OR F: The in-country delivery time of an underdeveloped country may be longer than the time required between countries.

A

True

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7
Q

T OR F: Generally, internationally shipped products are required only to meet the packaging standards of the exporting country.

A

False

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8
Q

T OR F: Regardless of the country in which it operates, a United States based firm should always operate in the American way.

A

False

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9
Q

T OR F: Religious differences usually present more business problems in foreign countries than in the United States.

A

true

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10
Q

T OR F: Businessmen are universally respected for their role in the community.

A

False

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11
Q

T OR F: Often, American business firms must train foreign personnel before successful operations can be accomplished.

A

True

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12
Q

T OR F: Historically, European businessmen have come from the wealthy upper classes.

A

False

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13
Q

In addition to the physical problems of international business, multinational firms must also cope with _______________ differences.

A

cultural

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14
Q

In some countries, the ______ habits of the people do not correspond to our customary 8:00 to 5:00 work period.

A

work

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15
Q

A business firm may have to change the design or ______ of its advertising symbols when operating in a foreign country.

A

color

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16
Q

All countries enact ______ to govern the operations of foreign businesses.

A

laws

17
Q

Countries usually benefit from the __________ flow that takes place when foreign businesses establish operations.

A

capital

18
Q

National security is a __________ on international business dealings.

A

constraint

19
Q

The laws of a country may require that a percentage of the business be ________ by the country’s citizens.

A

owned

20
Q

T OR F: Firms engaged in international business need to worry about political differences ONLY in underdeveloped countries.

A

False

21
Q

T OR F: A country’s laws may require a large percentage of the employees of a foreign business to be from the native population.

A

True

22
Q

T OR F: Businesses establish operations in a foreign country primarily to help develop that country.

A

False

23
Q

T OR F: A frequent characteristic of underdeveloped countries is political instability.

A

True

24
Q

Existing and future competition by _______ and other foreign firms must be forecasted before international operations.

A

domestic

25
Q

The lack of firms producing the anticipated products may be due to a ______ of capital in the country.

A

lack

26
Q

Internationally operating firms often petition the foreign governments to prohibit other competing firms from entering the market to gain a _______ position.

A

position

27
Q

A multinational firm may be constrained by _______ business practices.

A

traditional

28
Q

In addition to its personnel management, an international firm’s ________, ________, and _____-__ operations are affected by the business environment in the foreign sector.

A

production, marketing, and financial