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IBM CH1-Quiz

Authored by Heng Sokhon

Business

4th Grade

Used 4+ times

IBM CH1-Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for managers to have a global mindset?

To avoid cultural differences

To focus only on local markets

To understand international business

To ignore foreign competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main elements of the global business environment?

Culture, Technology, and Trade

Politics, Law, and Economics

Marketing, Sales, and Production

Finance, Management, and Strategy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does globalization affect?

Only local markets

Only production costs

Markets and production

Only international laws

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two forces causing globalization to expand?

High taxes and tariffs

Falling barriers and technological innovation

Cultural differences and language barriers

Local businesses and regulations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of international business?

Only importing goods

Business within one country

Business transactions across borders

Only exporting goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a global mindset characterized by?

Focusing only on local issues

Ignoring international events

Tolerance and knowledge

Stereotyping cultures

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in developing tolerance?

Avoiding foreign interactions

Understanding other cultures

Ignoring differences

Promoting local customs

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