International Business Quiz

How has technological advancement impacted globalization?

• It has decreased communication and connectivity between countries.

• It has limited the flow of information and ideas across borders.

• It has facilitated communication, trade, and the exchange of information worldwide.

• It has made countries more isolated and self-sufficient.

Which aspect of globalization has led to the spread of international fast-food chains and popular brands worldwide?

• Cultural exchange

• Technological advancements

• Economic integration

• Political cooperation

The various opportunities and threats that face multinational corporations are almost limitless, and the number and complexity of these factors ________ the number of products and the number of geographic areas served.

• decrease dramatically with

• dramatically increase with

• drop slightly with

• are constant despite

A population of 1.5 billion people in China represents an opportunity for:

• production

• sales

• both production and sales

• the global supply chain strategy

Which of the following is a risk that firms must consider prior to expanding abroad?

• The foreign country's business culture may be too different from the domestic country.

• The market in the foreign country may be too similar to the domestic market.

• Consumers in the foreign country are very particular about the quality of the goods they consume.

• The foreign country has very low pollution control standards.

In general, the discourses of globalization can be categorized into:

• Political, Economic, Cultural and Technological

• Political, Economic, Ethnic and Technological

• Political, Economic, Ethnic and Physical

• Political, Ecological, Cultural and Technological

Internationalization stimuli refer to:

• internal motives for foreign investment.

• internal organizational factors arising from within the organization that influence a firm's decision to initiate, develop, and sustain international business activities.

• a multinational firm's motives for establishing an investment in a foreign location.

• internal and external factors that influence a firm's decision to initiate, develop, and sustain international business activities.

A Born Global firm is a firm that:

• develops international new ventures from its birth by using outsourcing from foreign locations in multiple countries.

• overcomes psychic distance and the liability of foreigness by investing in foreign locations in multiple countries.

• ignores the challenges of psychic distance and the liability of foreigness when planning its expansion to foreign locations in multiple countries.

• from its birth seeks competitive advantage by using resources from different countries and by selling its products in multiple countries.

Which of the following is a risk that firms must consider prior to expanding abroad?

• The foreign country's business culture may be too different from the domestic country.

• The market in the foreign country may be too similar to the domestic market.

• Consumers in the foreign country are very particular about the quality of the goods they consume.

• The foreign country has very low pollution control standards.

Characteristics of a growing economy are __

• production decreasing, unemployment decreasing, and foreign investment increasing.

• production increasing, unemployment decreasing, and foreign investment increasing.

• production decreasing, unemployment increasing, and foreign investment decreasing.

• production increasing, unemployment increasing, and foreign investment decreasing.