1. Which of the following is generally the most risky strategy? * A) Wholly owned subsidiaries B) franchising C) joint v
Posted: Wed Apr 27, 2022 1:20 pm
1. Which of the following is generally the most risky strategy?
*
A) Wholly owned subsidiaries
B) franchising
C) joint ventures
D) contract manufacturing
2. This strategy involves selling a product from a home base,
usually without any product modification *
A) Licensing
B) Franchising
C) Exporting
D) Contract manufacturing
3. Which of the following is a reason that international
business has grown at such a rapid pace in the past few decades?
*
A) the end of the political schism between the Communist and
non-Communist blocs
B) stricter government policies on cross-border movements
C) decreasing global competition
D) increased concerns about terrorism
4. All the following statements are true about the increase and
expansion of technology EXCEPT which one? *
A) Technology facilitates a company's headquarters' interactions
with its foreign operations.
B) Small companies can more easily access global customers and
suppliers.
C) More companies can participate in the global market arena
D) Most analysts agree that the rate of development of new
products will drop off in the future.
5. Which of the following is a reason for recent governmental
relaxation in restrictions on cross-border trade or resource
movements? *
A) Governments typically welcome the opportunity to increase the
offshoring of a country's domestic producers.
B) All countries have signed binding reciprocal trade agreements
through international organizations.
C) Governments hope that other countries will lower their
barriers in response.
D) Most countries face surpluses of workers, so they seek
foreign markets in need of labor supplies.
6. Uncontrollable forces that management has no direct control
over include: *
A) Political
B) Captial
C) Raw material
D) Production
7. It is the ________________ doctrine which suggests that the
government should own all the major factors of production. *
A) communist
B) socialist
C) democratic
D) nazi
8. The government seizure of the property within its borders
owned by foreigners, followed by prompt, adequate, and effective
compensation paid to the former owners is called: *
A) nationalization
B) expropriation
C) confiscation
D) privatization
9. Why do international business people need to study culture?
*
A) because investors respect a well-rounded education
B) to prepare themselves for work in a social environment
C) because there are no cultural universals to help understand a
new market
D) to better understand buying habits of people in the past
10. The capacity of a nation to produce more of a good with the
same amount of input than another country is known as: *
A) competitive advantage
B) perfect competition
C) absolute advantage
D) economies of scale
11. In 1817, Ricardo demonstrated that even though a nation held
an absolute advantage in the production of two goods, the two
countries could still trade with advantages for each as long as the
less efficient nation was not equally less efficient in the
production of both goods. This is known as the theory of: *
A) competitive advantage
B) absolute advantage
C) equal advantage
D) comparative advantage
12. The Heckscher-Ohlin theory of factor endowment states
that international and interregional differences in production
costs occur because of: *
A) differences in the supply of production factors
B) government controls
C) differences in technology factors
D) import and export regulations
13. The international product lifecycle is a theory explaining
why: *
A) all international products eventually lose their
profitability.
B) a product that begins as a nation's import eventually becomes
its export.
C) a product that begins as a nation's export eventually becomes
its import
D) the demand for international products changes over time
14. Michael Porter (2003) pointed out that locations can
influence the competitiveness and the model of resources of local
competitive advantage, which forces validate his statement *
A) factor condition
B) demand condition
C) related and supporting industries
D) all of the above
*
A) Wholly owned subsidiaries
B) franchising
C) joint ventures
D) contract manufacturing
2. This strategy involves selling a product from a home base,
usually without any product modification *
A) Licensing
B) Franchising
C) Exporting
D) Contract manufacturing
3. Which of the following is a reason that international
business has grown at such a rapid pace in the past few decades?
*
A) the end of the political schism between the Communist and
non-Communist blocs
B) stricter government policies on cross-border movements
C) decreasing global competition
D) increased concerns about terrorism
4. All the following statements are true about the increase and
expansion of technology EXCEPT which one? *
A) Technology facilitates a company's headquarters' interactions
with its foreign operations.
B) Small companies can more easily access global customers and
suppliers.
C) More companies can participate in the global market arena
D) Most analysts agree that the rate of development of new
products will drop off in the future.
5. Which of the following is a reason for recent governmental
relaxation in restrictions on cross-border trade or resource
movements? *
A) Governments typically welcome the opportunity to increase the
offshoring of a country's domestic producers.
B) All countries have signed binding reciprocal trade agreements
through international organizations.
C) Governments hope that other countries will lower their
barriers in response.
D) Most countries face surpluses of workers, so they seek
foreign markets in need of labor supplies.
6. Uncontrollable forces that management has no direct control
over include: *
A) Political
B) Captial
C) Raw material
D) Production
7. It is the ________________ doctrine which suggests that the
government should own all the major factors of production. *
A) communist
B) socialist
C) democratic
D) nazi
8. The government seizure of the property within its borders
owned by foreigners, followed by prompt, adequate, and effective
compensation paid to the former owners is called: *
A) nationalization
B) expropriation
C) confiscation
D) privatization
9. Why do international business people need to study culture?
*
A) because investors respect a well-rounded education
B) to prepare themselves for work in a social environment
C) because there are no cultural universals to help understand a
new market
D) to better understand buying habits of people in the past
10. The capacity of a nation to produce more of a good with the
same amount of input than another country is known as: *
A) competitive advantage
B) perfect competition
C) absolute advantage
D) economies of scale
11. In 1817, Ricardo demonstrated that even though a nation held
an absolute advantage in the production of two goods, the two
countries could still trade with advantages for each as long as the
less efficient nation was not equally less efficient in the
production of both goods. This is known as the theory of: *
A) competitive advantage
B) absolute advantage
C) equal advantage
D) comparative advantage
12. The Heckscher-Ohlin theory of factor endowment states
that international and interregional differences in production
costs occur because of: *
A) differences in the supply of production factors
B) government controls
C) differences in technology factors
D) import and export regulations
13. The international product lifecycle is a theory explaining
why: *
A) all international products eventually lose their
profitability.
B) a product that begins as a nation's import eventually becomes
its export.
C) a product that begins as a nation's export eventually becomes
its import
D) the demand for international products changes over time
14. Michael Porter (2003) pointed out that locations can
influence the competitiveness and the model of resources of local
competitive advantage, which forces validate his statement *
A) factor condition
B) demand condition
C) related and supporting industries
D) all of the above