
FINAL ROUND - IB SOLVER'S CUP COMPETITION 2023
Authored by PHAM TRAM
Business
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an example of a greenfield investment?
an agricultural business acquisition in Southeast Asia
the construction of an entirely new steel manufacturing subsidiary overseas
a merger between a U.S. and a non-U.S. company
the purchase of an existing business that is still in its infancy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Globalization refers to ______.
Lower incomes worldwide
A more integrated and interdependent world
Global warming and their effects
Less foreign trade and investment
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
International Business focuses on ______ to buy or sell worldwide.
Local resources & opportunities
Global resources & opportunities
National resources & opportunities
Internal resources & opportunities
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements is true about culture?
Culture is static as it does not evolve
Multinational enterprises can themselves be engines of cultural change
The cost of doing business in a country or region is always independent of its culture
It is not possible for a country to support multiple cultures
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The efforts of IMF, World bank and WTO to liberalize their economies led to _____.
Internalization
Globalization
Nationalization
Trade Barriers
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following theories supports the case for unrestricted free trade between nations?
Mercantilism
Heckscher-Ohlin theory
New trade theory
Porter's theory of national competitive advantage
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main factor of production that is considered in the Theory of Comparative Advantage?
Capital
Labour
Land
Technology
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