BIBM101_1

What is the primary difference between international and domestic business?

• A. International business involves only private firms

• B. International business transactions occur within one country

• C. International business transactions cross national borders

• D. Domestic business involves government agencies only

What organization governs the Olympic Games?

• United Nations

• World Trade Organization

• International Olympic Committee

• Olympic Host Council

Which of the following is an example of a visible trade?

• A. Legal consulting

• B. Accounting services

• C. Automobile exports

• D. Tourism

What does FDI stand for in the context of international business?

• Foreign Domestic Industry

• Foreign Direct Investment

• Fiscal Development Index

• Federal Direct Insurance

Which type of international business activity involves licensing a brand name to another company?

• Importing

• Exporting

• Franchising

• FDI

Cities might compete to host the Olympic Games because:

• it can boost tourism and the local economy.

• it guarantees winning more medals.

• it reduces the city's expenses.

• it decreases international attention.

Which of the following is a reason for governments to offer incentives to foreign investors?

• To avoid taxes

• To promote tourism and economic growth

• To reduce population

• To support agriculture

Which of the following is a component of the CAGE model?

• Contractual

• Agreement

• Cultural

• Exchange

Which of the following best describes globalization?

• A. Closing national borders to trade

• B. Increasing local business activities

• C. Integration of markets, states, and technologies

• D. Reducing foreign influence

Which firm type is involved extensively in international business and FDI?

• SME

• Domestic Corporation

• Multinational Corporation

• Public Agency