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, ...






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What is term used to describe a reduction in average cost of production arising from a firm operating on a larger scale?






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If fixed costs are $200,000 and the variable costs associated with producing 50,000 shoes is $400,000, what is the average cost (per shoe)?






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If fixed costs are $200,000 and the variable costs associated with producing 80,000 shoes is $640,000, what is the average cost (per shoe)?






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If fixed costs are $200,000 and the average variable cost per shoe is $8, what is the total profit that would be earned if the average selling price p...






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What are internal economies of scale?






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Which of the following is not an example of an internal economy of scale?





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When a firm can utilize highly efficient machinery and automation techniques to mass produce its output and reduce average cost, this is a ___________...






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When a large firm can borrow money at a lower cost compared to a small firm, this is a _____________ economy of scale.






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Which option is not an example of external economies of scale?






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If an area possesses significant production support services and an abundance of highly skilled labour, allowing firms to reduce their average costs, ...






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What are internal diseconomies of scale?






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What is not an example of internal diseconomies of scale?






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What is not a factor causing external diseconomies of scale?






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Which option is not a benefit of being a small firm?






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What is not a benefit of being a large organisation?






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What are mergers, acquisitions and franchising examples of?






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Which of the following is not a valid method of achieving internal growth?






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What is not an advantage of organic growth?






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What is not an advantage of external growth?






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When two companies come together to form a new, combined entity, this is called a(n) ____________; when one company buys out a controlling interest in...






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What is not an advantage of mergers and acquisitions as a method of external growth?






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What is not a disadvantage of mergers and acquisitions?






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What is the main difference between a joint venture and a strategic alliance?






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What is not an advantage of a joint venture?






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What is not a disadvantage of joint ventures and strategic alliances?






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What is the business model where a firm sells the legal rights to trade under its brand name?






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What is not an advantage of franchising as a method of growth for the franchisee?






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What is unlikely to be a drawback of franchising as a model of growth?






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Which option is least likely to be a benefit of multinational companies to a host nation in a less economically developed country?






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When a firm acquires another business that operates at a different stage in the chain of production, this is called _________ integration.






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________ implies that the national government exerts minimal influence on the exporting and importing decisions of private firms and individuals.






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Free trade ________.






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Fair trade is sometimes called ________.






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The "level playing field" argument is primarily used to justify government policies that ________.






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The ________ holds that a country must be self-sufficient in critical raw materials, machinery, and technology or it will be vulnerable to foreign thr...






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The ________ proposes that tariffs be imposed on imported manufactured goods to give U.S. firms temporary protection from foreign competition until th...






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The determination of which industries deserve infant industry protection is often done ________.






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For which industry did Alexander Hamilton propose the infant industry argument?






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For five years, Harley-Davidson received tariff protection from Japanese imports to allow the motorcycle firm the opportunity to improve its operation...






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________ suggests that a national government can make its country better off if it adopts trade policies that improve the competitiveness of its domes...






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Which country has been particularly successful at nurturing domestic industries through government intervention?






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Which theory best applies to those industries capable of supporting only a few firms worldwide?






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Strategic trade theory applies best to which industry identified below?






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Which theory specifically addresses the needs of individual industries?






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The government of Country X is encouraging the growth of domestic manufacturing by implementing high barriers to imported goods. Country X is most lik...






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________ suggests that a country should encourage firms to compete in foreign markets by harnessing some advantage the country possesses.






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________, once heavily dependent on cocoa, began an industrialization program to protect itself from fluctuations in cocoa prices.






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The government of Country X actively manages the national economy by providing subsidies to aerospace firms and automobile manufacturers. Country X mo...






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Which country listed below followed industrial policy to achieve economic success?






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What Japanese organization is entrusted with setting industrial policy?






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________ suggest(s) that special interest groups will often dominate the general interest on any given issue because these groups are willing to work ...






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According to public choice analysis, domestic trade policies that affect international business have a tendency to develop from ________.






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A(n) ________ is a tax placed on a good that is traded internationally.






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Country X applies a tariff on goods as they leave the country. Country X most likely imposes a(n) ________ tariff.






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Products manufactured in Brazil are transported through Mexico on their way to England. Mexico applies a tariff on the goods. What type of tariff is i...






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What type of tariff is assessed as a percentage of the market value of the imported good?