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WorksheetsIBM CH1-Quiz
Total questions: 10
Worksheet time: 5mins
What is the main reason for managers to have a global mindset?
To avoid cultural differences
To focus only on local markets
To understand international business
To ignore foreign competition
What are the three main elements of the global business environment?
Culture, Technology, and Trade
Politics, Law, and Economics
Marketing, Sales, and Production
Finance, Management, and Strategy
What does globalization affect?
Only local markets
Only production costs
Markets and production
Only international laws
What are the two forces causing globalization to expand?
High taxes and tariffs
Falling barriers and technological innovation
Cultural differences and language barriers
Local businesses and regulations
What is the definition of international business?
Only importing goods
Business within one country
Business transactions across borders
Only exporting goods
What is a global mindset characterized by?
Focusing only on local issues
Ignoring international events
Tolerance and knowledge
Stereotyping cultures
What is the first step in developing tolerance?
Avoiding foreign interactions
Understanding other cultures
Ignoring differences
Promoting local customs
What is an example of technological innovation?
Increased shipping costs
Advancements in transportation methods
More local businesses
Higher taxes on imports
What is ethics in international business?
Only focusing on profits
Ignoring rules
Personal behavior according to standards
Following local customs
What is a key to success in international business?
Ignoring customer needs
Emphasizing global awareness
Focusing only on local markets
Avoiding technology
