International Business Management 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.

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

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 foreignness by investing in foreign locations in multiple countries.

• ignores the challenges of psychic distance and the liability of foreignness 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.

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.

The market size ___.

• is the single most important element of a country’s attractiveness.

• must not be separated from purchasing power in an international business decision.

• refers to how big the retail area is in a country.

• is not important in an international business decision.

Upper-middle-income countries, also known as industrializing or developing countries are those with GNI per capita ranging from:

• $996 to $ 4,125.

• $4,126 to $12,475.

• $12,475 or higher.

• less than $995.

An “emerging middle class” refers to ___.

• The growing number of people with significant purchasing power.

• The growing number of rich people.

• The growing number of poor people.

• The growing number of the market size.