Chapter 1: An overview of International Business

Chapter 1: An overview of International Business

Multiple Choice

________ consist(s) of business transactions between parties from more than one country.

• Currency exports

• International business

• Domestic business

• Global ventures

Multiple Choice

Which of the following is not an international business transaction?

• purchasing products in one country and assembling them in another

• building a plant in a foreign country to capitalize on lower labor costs

• borrowing money from a major bank to finance capital improvements

• shipping finished products from one country to another for retail sale

Multiple Choice

________ is the buying of products made in other countries for use or resale in one's own country.

• Exporting

• Importing

• Merchandising

• Transporting

Multiple Choice

The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before is referred to as ________.

• international business organization

• market internationalization

• economic integration

• globalization

Multiple Choice

International nonprofit organizations are called ________.

• multinational corporations

• multinational organizations

• multinational enterprises

• multinational nonprofits

Multiple Choice

International nonprofit organizations are called ________.

• multinational corporations

• multinational organizations

• multinational enterprises

• multinational nonprofits