FOB QUIZ 1

What is the definition of international business?

• Transactions within the same continent

• Transactions within the same country

• Transactions within the same city

• Transactions across national borders

In international business, where do the buyer and seller belong?

• Same continent

• Different countries

• Same city

• Same country

What is the main difference in CURRENCY handling between domestic and international businesses?

• Same currency for both

• Different currencies for both

• No currency involved

• Cryptocurrency used

What limits geographical boundaries in international businesses?

• Geographical boundaries

• No limits

• Political boundaries

• Economic boundaries

What is a major reason for studying international business?

• To avoid competition

• To start a job

• To keep track of latest business trends

• To learn about domestic business

Which of the following is an international business activity?

• National direct investment

• Regional franchising

• Exporting and Importing

• Local investment

What is the purpose of multinational companies?

• To avoid global markets

• To focus on domestic production

• To operate independently in each country

• To limit operations to one country

Which countries are known as the Four Asian Tigers?

• Brazil, Argentina, Mexico, Colombia

• India, China, Japan, Russia

• Hong Kong, South Korea, Singapore, Taiwan

• Australia, New Zealand, Malaysia, Thailand

What is the reason behind the growth of international business?

• Decrease in trade barriers

• Increase in domestic production

• Globalization of the world economy

• Isolation of economies

Which global institutions manage, regulate, and police the global marketplace?

• International Labor Organization

• United Nations Educational, Scientific and Cultural Organization

• World Trade Organization

• World Health Organization