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An Overview of International Business
An Overview of International Business MCQs
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Which of the following could be considered a major reason that a city would want to host the Olympic Games?
to prevent the economic growth of competing nations
the long-term benefits of tourism
to test the capacity of national infrastructure
to promote international harmony
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Which of the following would be considered an international business transaction?
purchasing products in one country and assembling them in the same country
recruiting employees internationally
borrowing money from a major bank to finance capital improvements
shipping finished products from one country to another for retail sale
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The Internet has helped small businesses compete in global markets because it ________.
allows them to establish a physical presence in each country
avoids transactions involving foreign exchange
eliminates price controls
reduces entry costs
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According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries?
cultural distance
administrative distance
geographic distance
economic distance
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Individuals should most likely study international business to ________.
comply with graduate school certification requirements
ensure that an employer has a global online presence
remain current on the latest business methods
obtain bilingual business experience
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Which of the following has most likely triggered the increase of small businesses involved in international business?
e-commerce
economic recession
foreign-made materials
increased cultural literacy
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Just-in-time systems were created in ________.
the United States
Japan
Germany
China
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Just-in-time systems are used by firms to ________.
store important data
manage inventory
monitor production
screen job applicants
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Sony's suppliers deliver necessary inputs as they are needed by Sony. Sony is most likely using a(n) ________ system.
cross-functional
just-in-time
inventory management
on-demand delivery
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Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of internat...
merchandising
importing
exporting
trading
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________ is the buying of products made in other countries for use or resale in one's own country.
Exporting
Importing
Merchandising
Transporting
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Sam's Club purchases kalamata olives from Greece for sale in its stores. Which international business activity does this represent?
exporting
importing
merchandising
franchising
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The British term for the trading of tangible goods is ________.
visible trade
invisible trade
merchandising
service franchising
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The British term for the trading of intangible goods is ________.
visible trade
invisible trade
merchandise exports and imports
service exports and imports
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Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________.
exporting
importing
licensing
franchising
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Exports account for about ________ of Netherland's gross domestic product?
20%
35%
50%
75 %
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The international business activity called ________ occurs when capital is supplied by residents of one country to residents of another country.
international investment
global direct investment
portfolio financing
state capitalism
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________ are investments made for the purpose of actively controlling property, assets, or companies located in host countries.
Licensing investments
Portfolio investments
Foreign direct investments
Indirect global investments
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Which term refers to the location of a parent company's headquarters?
host country
home country
third country
local country
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If a company is headquartered in Taiwan, then Taiwan is the company's ________.
host country
home country
dominant country
competitive country
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Ford Motor Company is based in Detroit, Michigan. It also has offices in Germany, England, and China. Which of the following is Ford's home count...
Germany
England
China
United States
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The ________ is where a company operates but is not headquartered.
host country
home country
parental country
third party country
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Siemens is headquartered in Germany but maintains operations in the United States. The United States is the ________ country.
home
host
parent
subsidiary
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Trade between nations can be traced back as far as ________.
2000 BC
500 BC
1200
1600
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25) Which country was a significant focal point for international business during the Middle Ages?
China
England
Italy
Russia
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26) ________ are purchases of foreign financial assets for a purpose other than control.
Foreign direct investments
Global business investments
Foreign portfolio investments
Indirect investments
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If a Dutch pension fund purchases 1,000 shares of Sony's stock, the Dutch company has most likely ________.
made a foreign direct investment
made a foreign portfolio investment
earned a higher return on assets
earned a lower rate of return
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28) Compared to Thailand, the United Kingdom has a ________ level of exports of goods and services as a percentage of GDP.
slightly lower
slightly higher
significantly lower
significantly higher
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29) Kraft purchased all of the common stock of Cadbury PLC. This is an example of ________.
foreign portfolio investment
foreign direct investment
international expansion
global licensing
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McDonald's has licensed its brand name, operational systems, and trademarks to individual restaurant owners in Europe. This is called internation...
leasing
marketing
franchising
diversifying
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________ is a contractual arrangement in which a firm in one country allows the use of its intellectual property by a firm in a second country in retu...
Leasing
Franchising
Licensing
Merchandising
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Licensing usually involves permission to use which of the following?
real estate
trademarks
labor leasing
production facilities
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Walt Disney permits a German clothing manufacturer to market children's pajamas embroidered with Mickey Mouse in return for a percentage of compa...
franchising
licensing
leasing
piracy
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A(n) ________ involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
franchising agreement
licensing agreement
management contract
indirect investment
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Any organization that engages in cross-border commercial transactions with individuals, private firms, and/or public sector organizations is a(n) ____...
multinational corporation
multinational enterprise
international business
international franchise
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The term ________ is used to identify firms that have extensive involvement in international business.
global operation
multinational corporation
international conglomerate
multidomestic organization
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The International Red Cross is an example of a(n) ________.
international business
multinational enterprise
multinational organization
multinational corporation
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Which of the following is a common activity of MNCs?
training of international managers
buying resources in various countries
inventing goods in a variety of countries
establishing foreign exchange rates
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Toyota, ExxonMobil, General Electric, and Volkswagen are all examples of ________.
multinational corporations
management contracts
portfolio investments
franchised firms
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Capital supplied by residents of one country to residents of another is known as ________.
international investments
host-country financing
international franchising
domestic inversion financing
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The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the...
international business organization
market internationalization
economic integration
globalization
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The ratio of international trade to economic activity has ________ since 1950.
risen slightly
risen dramatically
fallen slightly
remained about the same
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The importance of foreign direct investment in the world's economy has ________ over time.
fallen slightly
fallen significantly
risen significantly
risen slightly
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Which of the following is the most likely reason that firms globalize?
boredom with existing markets
the divesting of low-cost resources
leveraging core competencies
competing for public prestige
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A ________ is a distinctive strength that is central to a firm's operations.
core competency
unilateral skill
comparable advantage
strategic imperative
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Which of the following is a primary reason that firms acquire resources and supplies from other countries?
comply with trade regulations
minimize resource competition
decrease shipping and handling costs
obtain items unavailable in home country
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Which of the following is a likely reason that firms globalize?
avoid strategic stagnation
achieve economies of scale
concentrate the firm's revenue stream
increase dependence on home country sales
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Pepsi's reason for following Coca-Cola to new markets was most likely to ________.
acquire resources and supplies
leverage core competencies
compete more effectively
gain economies of scale
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After World War I, international business was primarily restricted by ________.
import barriers
export restrictions
government contracts
high transportation costs
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After World War II, international business was primarily triggered by the ________.
loss of high-quality Japanese goods
reduction of tariffs and quotas
improvement of transportation
introduction of the Euro
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Mexico and Poland are examples of ________.
Second World economies
emerging markets
First World economies
developed markets
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Which of the following is considered a BRIC nation?
Britain
Russia
Indonesia
Chile
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By 500 B.C.E., ________ merchants were exporting silk and jade to India and parts of Europe.
American
Chinese
Japanese
Greek
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What is the primary reason that U.S. advertising agencies frequently film commercials in South Africa?
environmental safeguards
improved competition
low production costs
new markets
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Regional trade and investment has been made easier through which of the following?
the Global Trade Institute
Kyoto Protocol
the Hanover Accord
North American Free Trade Agreement
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Which of the following is not considered a dominant institution in the Era of Globalization?
World Trade Organization
International Olympic Committee
World Bank
International Monetary Fund
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During the Cold War, which term was used when referring to the Soviet Union and its allied Communist states?
First World
Second World
Third World
Fourth World
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During the Cold War, which term was used when referring to the United States, Australia, and Western Europe?
First World
Second World
Third World
Fourth World
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During the Cold War, low-income countries in ________ were primarily considered suppliers of raw materials to First World countries.
the United States
Western Europe
the Soviet Union
Latin America
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Which two countries account for more than one-third of the world's population?
Mexico and Brazil
China and India
Brazil and India
Mexico and China
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International nonprofit organizations are called ________.
multinational corporations
multinational organizations
multinational enterprises
multinational nonprofits
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Which of the following is a primary source of revenue for the IOC during the Olympics?
television coverage
public donations
real estate sales
international loans