International Business MCQs

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Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.






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Which of the following terms applies to the sale of a particular brand of jeans manufactured in the U.S. and sold in Canadian stores?






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A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ________.






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The rise of a new international entity called the ________ suggests that any company, regardless of age, experience, and resources, can engage in inte...






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Small companies selling traditional products benefit from ________.






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________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.






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Development that meets the needs of the present without compromising the ability of future generations to meet their own needs indicates ________.






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An established consumer market that primarily comprises the middle class and possesses efficient infrastructure is characteristic of ________ markets....






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________ markets are characterized by the rural population migrating to cities for better pay and thus, overloading cities'; infrastructures.






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Kireki is a small country with a corrupt government. Its population is rural for the most part and citizens have few or no legal rights. Which of the ...






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Ethnocentricity can be defined as the ________.






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Detailed knowledge about a culture that enables people to work happily and effectively within it is called ________.






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Which of the following is a cultural component that implies gauging the beauty and appeal of artwork?






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_______ is increasing the pace of both cultural diffusion and cultural change.






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Cultural change occurs when people integrate into their culture the gestures, material objects, traditions, or concepts of another culture through ___...






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_______ facilitate(s) the process of cultural imperialism.






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________ is a system in which a supervisor walks an employee through every step of an assignment or task, monitoring the results at each stage.






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Folk customs that spread by cultural diffusion to other regions develop into ________.






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Nepotism often prevails in ________ cultures.






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Which of the following political ideologies states that every aspect of people's lives must be controlled for a nation's political system to...






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________ is the belief that only individuals and private groups should control a nation's political activities.






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_______ is the belief that both private and public groups play important roles in a nation's political activities.






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A ________ is a political system in which a country's religious leaders serve as its political leaders.






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________ is a political system in which political leaders rely on military and bureaucratic power to support their rule.






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Which of the following terms refers to an economic system in which the government owns and controls all types of economic activity?






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In a ________ government, the strongest political parties share power by dividing government responsibilities among themselves.






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Democracies try to preserve peaceful coexistence among groups of people with diverse cultural, ethnic, and racial backgrounds. These rights are known ...






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A ________ economy is a system in which the government owns a nation's land, factories, and other economic resources, and schedules nearly all ec...






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Which of the following is an important factor in forming successful business ventures in China?






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In which of the following systems is land, factories, and other economic resources equally split between private and government ownership?






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France, Germany, and Sweden are examples of ________.






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The selling of government-owned economic resources to private operators is called ________.






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In a market economy, economy-related decisions are determined by the interactions between ________.






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Assuming insects destroyed most of the coffee crops in key coffee-producing countries worldwide, which of the following would most likely occur within...






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Laissez-faire economics refers to ________.






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Supply and demand are dictated by ________.






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In a market economy, access to alternative purchase options is known as ________.






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________ says that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports.






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One of the major pillars upon which the practice of mercantilism rested was ________.






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The condition that results when the value of a country's imports is greater than the value of its exports is called ________.






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Nations following the theory of ________ believed that the world's wealth was limited and that a nation could increase its share of the pie only ...






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Today, countries seen by others as trying to maintain a trade surplus and expand their national treasures at the expense of other nations are accused ...






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Which of the following refers to the ability of a nation to produce a good more efficiently than any other nation?






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When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it does any other good, ...