NEW
Font size
WorksheetsWEEK WITHOUT WALL IB EXERCISE BUS3233
Total questions: 40
Worksheet time: 1hrs 20mins
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
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
What is international business?
International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale.
International business refers to a company has economic transactions that are done within the country's geographical limits.
International business refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.
International business refers to businesses that maintain revenues, assets or a number of employees below a certain threshold.
Globalization defined as...
is the widening set of interdependent relationships among people from different parts of a world divided into nations.
service industries are very common to find on the most profitable small business list.
segmentation in market research to understand consumer behavior.
the sum total of all external and internal factors that influence a business.
The following are the important to study international business...
most companies are either international or compete with international companies
global events and competition affect almost all companies, regardless of industry
understanding of IB helps you make better career decisions
All of these
The following are the forces driving globalization EXCEPT...
increase in and application of technology
growth of consumer pressures
increased global competition
people behaviour
What are the costs of globalization?
Threats to national sovereignty
Economic growth and environmental stress
All of these
Growing income inequality and personal stress
Which of the following NOT example of international company?
Alex Minishop
IBM
Nestle
Benefits of international business is...
more job employment
all of these
increase FDI
variety of goods & services available
A product you buy from another country is considered
export
import
trade barrier
none of these
Why companies engage in international business?
To expand sales
To acquire resources
To diversify or reduce risks
all of these
Modes of operations in international business as below EXCEPT...
licensing
domestic business
FDI
import & export
What is international business?
International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale.
International business refers to a company has economic transactions that are done within the country's geographical limits.
International business refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.
International business refers to businesses that maintain revenues, assets or a number of employees below a certain threshold.
Globalization defined as...
is the widening set of interdependent relationships among people from different parts of a world divided into nations.
service industries are very common to find on the most profitable small business list.
segmentation in market research to understand consumer behavior.
the sum total of all external and internal factors that influence a business.
The following are the important to study international business...
most companies are either international or compete with international companies
global events and competition affect almost all companies, regardless of industry
understanding of IB helps you make better career decisions
All of these
The following are the forces driving globalization EXCEPT...
increase in and application of technology
growth of consumer pressures
increased global competition
people behaviour
What are the costs of globalization?
Threats to national sovereignty
Economic growth and environmental stress
All of these
Growing income inequality and personal stress
Which of the following NOT example of international company?
Alex Minishop
IBM
Nestle
Benefits of international business is...
more job employment
all of these
increase FDI
variety of goods & services available
A product you buy from another country is considered
export
import
trade barrier
none of these
Why companies engage in international business?
To expand sales
To acquire resources
To diversify or reduce risks
all of these
Modes of operations in international business as below EXCEPT...
licensing
domestic business
FDI
import & export
