International Business ch:1 Quiz

Globalization is driven only by technology and innovation.

• True

• False

MNEs are firms with affiliates in multiple countries and engage in international business.

• True

• False

The WTO replaced GATT in 1995 as the main international organization for regulating trade.

• True

• False

Technology promotes international business by making production and communication more difficult.

• True

• False

Inward FDI refers to money going out from a country to foreign subsidiaries.

• True

• False

Outsourcing refers to moving production activities internally to foreign affiliates.

• True

• False

Economic interdependence between countries can be influenced by political stability.

• True

• False

The US, European Union, and Japan are referred to as the Triad in international business.

• True

• False

SMEs in the US are firms with fewer than 250 employees.

• True

• False

Nearshoring is relocating activities to distant countries to save costs.

• True

• False