WorksheetsInternational Business 1
Total questions: 10
Worksheet time: 8mins
Which of the following would be considered an international business transaction?
purchasing products in one country and assembling them in the same country
recruiting employees internationally
borrowing money from a major bank to finance capital improvements
shipping finished products from one country to another for retail sale
The Internet has helped small businesses compete in global markets because it ________
allows them to establish a physical presence in each country
avoids transactions involving foreign exchange
reduces entry costs
eliminates price controls
Individuals should most likely study international business to ________
remain current on the latest business methods
comply with graduate school certification requirements
ensure that an employer has a global online presence
obtain bilingual business experience
Which of the following is a primary reason that firms acquire resources and supplies from other countries?
comply with trade regulations
minimize resource competition
decrease shipping and handling costs
obtain items unavailable in home country
The integration of markets, nation-states, and technologies in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before is referred to as ________
international business organization
globalization
market internationalization
economic integration
Any organization that engages in cross-border commercial transactions with individuals, private firms, and/or public sector organizations is a(n) ________.
multinational corporation
multinational enterprise
international business
franchise
It is important to study international business because you may work for a firm that is owned by a corporation that is headquartered in another country
True
False
Firms that enter new markets can benefit from economies of scale and diversified revenue streams.
True
False
Emerging markets include countries such as the United States and Britain that are leading the globalization charge
True
False
Globalization has allowed firms to expand into markets that, until recently, were insulated from the international marketplace.
True
False
