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BUS3233 INTERNATIONAL BUSINESS IIC

Total questions: 50

Worksheet time: 2hrs 40mins

Name
Class
Date
1.
All of the following are benefits of international business except
a)
expanded business opportunities
b)
increased sources of raw materials
c)
decreased competition
d)
improved political relationships
2.
All business activities needed to create, ship, and sell goods and services across national borders are considered to be 
a)
domestic business
b)
international business
c)
global dependency
d)
none of these
3.
Making, buying, and selling goods and services within a country is called
a)
international business
b)
global dependency
c)
domestic business
d)
none of these
4.
International business involves the buying and selling of products or services between countries.
a)
True
b)
False
5.
An example of global dependency is when products are produced and used in the same country.
a)
True
b)
False
6.
An example of domestic business is when a person living in Canada buys  a product made in Germany.
a)
True
b)
False
7.
Historically, international business
a)
is a relatively new concept made possibly by communications technolgy
b)
probably occurred as long as 15,000 years ago
c)
declined when European countries created colonies on other continents
d)
none of these
8.
All business activities needed to create, ship, and sell goods and services across national borders are considered to be 
a)
domestic business
b)
international business
c)
global dependency
d)
none of these
9.
A global dependency exists when
a)
massive crop failures require buying food from another country
b)
a country buys tools from another country because it does not have the technology to make the tools
c)
doctors travel to another country to provide healthcare because there is a shortage of medically-trained professionals in that country
d)
all of these
10.
It is rude to write on a Japanese business card.
a)
True
b)
False
11.
A Company making, buying, and selling goods and services within a country.
a)
Domestic
b)
International
12.
Germany sends a shipment of cars to the United States.  This is an example of what type of business? 
a)
Domestic
b)
International
c)
Multinational
d)
Franchising
13.
If your main method of transportation is by boat and air travel for your business, which of the following should you consider?
a)
Geography of the country
b)
Culture & Customs of the people
c)
Economic Development
d)
Political/Legal Concerns
14.
If a business is looking to expand internationally and is  researching a countries literacy level, technology, and infrastructure the business is looking into a countries . .
a)
Cultural Influences
b)
Geography
c)
Legal Concerns
d)
Economic Development
15.
In order for Coca-Cola products to be bought and sold around the world, a country must have rights to a . .
a)
Franchise
b)
Business Ownership
c)
License
d)
Other
16.
What is the largest franchise in the world?
a)
KFC
b)
Subway
c)
Wendy's
d)
McDonald's
17.
Sony partnering up with The Shanghai Oriental Pearl Group to help increase sales of Playstation consoles is an example of a 
a)
Franchise
b)
Joint Venture
c)
Multinational Company
d)
License 
18.
When preparing for an international business meeting, what should be your number one priority? 
a)
Researching Culture & Customs
b)
Researching Properties
c)
Weather
d)
Food
19.
Multinational Companies such as Johnson & Johnson, and Coca-Cola usually have a
a)
 “Parent” Company Headquarters in a home country.
b)
Limited time offer of sellling products internationally.
c)
An exclusive deal with one country.
d)
Other
20.
When watching the McDonald's clip, what concept was the hardest for customers in China to adopt?
a)
American Cuisine
b)
Kiosk Machines
c)
Drive-thru
d)
To-go Counters 
21.
Making, buying, and selling goods and services within a country is called
a)
international business
b)
global dependency
c)
domestic business
d)
none of these
22.
All business activities needed to create, ship, and sell goods and services across national borders are considered to be 
a)
domestic business
b)
international business
c)
global dependency
d)
none of these
23.
International business involves the buying and selling of products or services between countries.
a)
True
b)
False
24.
An example of domestic business is when a person living in Canada buys  a product made in Germany.
a)
True
b)
False
25.

Cross-border advertising is an activity of international business

a)

True

b)

False

26.

Which one is not considered as international business?

a)

Cross-border construction management

b)

Consulting in another country

c)

Tourism

d)

Financial service outside the country

27.

"Company activity inputs may come partly from other countries but outputs come entirely from the home country" is not considered as international business

a)

True

b)

False

28.

Which company is a multidomestic company

a)

Coca Cola

b)

Samsung

c)

Hòa Phát

d)

Mercedes

29.

Starbucks is a

a)

Multidomestic company

b)

Global company

c)

Domestic company

d)

None of these

30.

Tienphong Bank is a/an

a)

Multidomestic company

b)

Global company

c)

Domestic company

d)

Foreign business

31.

Business transactions between parties from more than one country are known as international business.

a)

True

b)

False

32.

International business is more complex than domestic business.

a)

True

b)

False

33.

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.

a)

True

b)

False

34.

Small businesses are usually not involved in international business given the cost restrictions.

a)

True

b)

False

35.

Individuals should most likely study international business to ________.

a)

comply with graduate school certification requirements

b)

ensure that an employer has a global online presence

c)

remain current on the latest business methods

d)

remain current on the latest communication method

36.

Capital supplied by residents of one country to residents of another is known as ________.

a)

international investments

b)

host-country financing

c)

international franchising

d)

domestic inversion financing

37.

________ is the buying of products made in other countries for use or resale in one's own country.

a)

Exporting

b)

Importing

c)

Merchandising

d)

Transporting

38.

The British term for the trading of tangible goods is ________.

a)

visible trade

b)

invisible trade

c)

merchandising

d)

service franchising

39.

Boeing, an American firm, sells commercial aircraft to Lufthansa in Germany. This is an example of ________.

a)

exporting

b)

importing

c)

licensing

d)

franchising

40.

If a company is headquartered in Taiwan, then Taiwan is the company's ________.

a)

host country

b)

home country

c)

dominant country

d)

competitive country

41.

Ford Motor Company is based in Detroit, Michigan. It also has offices in Germany, England, and China. Which of the following is Ford's home country?

a)

Germany

b)

England

c)

China

d)

United States

42.

________ are purchases of foreign financial assets for a purpose other than control.

a)

Foreign direct investments

b)

Global business investments

c)

Foreign portfolio investments

d)

Indirect investments

43.

________ is a contractual arrangement in which a firm in one country allows the use of its intellectual property by a firm in a second country in return for a royalty payment.

a)

Leasing

b)

Franchising

c)

Licensing

d)

Merchandising

44.

Walt Disney permits a German clothing manufacturer to market children's pajamas embroidered with Mickey Mouse in return for a percentage of company sales. This is an example of ________.

a)

franchising

b)

licensing

c)

leasing

d)

piracy

45.

Which of the following is a common activity of MNCs?

a)

training of international managers

b)

buying resources in various countries

c)

inventing goods in a variety of countries

d)

establishing foreign exchange rates

46.

Italy has more paid time off than Norway

a)

False

b)

True

47.

Which of the following is not an economic factor?

a)

Quality of Living

b)

Government Stability

c)

Employee Benefits

d)

Infrastructure

48.

What spice should you avoid in Egypt?

a)

Paprika

b)

Salt

c)

Pepper

d)

Oregano

49.

Which of the following is a political real life example of a factor affecting international business

a)

The U.S. outsourcing technology work to India

b)

Donald Trump testing positive for COVID-19

c)

Locating headquarters to Switzerland for tax related purposes

d)

Honda marketing motorcycles in China instead of cars

50.

Which of the following are factors of international business

a)

Technological

b)

Economic

c)

Political

d)

Psychological