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Global Perspectives Quiz

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Global Perspectives Quiz

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International business concepts round

Created by

Grachiel Ancheta
Grachiel Ancheta
Philippines

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Global Perspectives Quiz
 

Global Perspectives QuizOnline version

International business concepts round

by Grachiel Ancheta
1

What is the core definition of a multinational corporation (MNC)?

2

Which practice involves hiring external firms to perform tasks outside the organization?

3

Which concept helps explain why countries should produce what they are most efficient at and trade for the rest?

4

Which term describes the cultural awareness necessary for international business success?

5

What is a major challenge a global manager may face related to currency?

6

Name one key challenge related to human rights in international trade highlighted in the material.

7

Which is NOT one of the six methods of entering world markets listed in the material?

8

What phenomenon can occur when a worker is suddenly placed in a foreign culture?

9

Which market-entry approach involves forming strategic alliances or joint ventures?

10

What global marketing concept involves selling the same product in essentially the same way worldwide?

Feedback

An MNC has headquarters in one country and subsidiaries in others, per the module on international business.

Outsourcing is the practice of using external firms to execute tasks.

Comparative advantage underpins international trade by focusing on relative efficiency.

Cultural awareness guides interactions with diverse cultures in global business.

Currency value changes affect export competitiveness and trade balances.

Trading with rights-violating regimes can raise consumer and ethics concerns.

Six methods include exporting, licensing/franchising, local packaging, alliances, FDI, and global startups; domestic licensing alone is not listed.

Culture shock involves psychological and physical adjustments in new cultural settings.

Strategic alliances and joint ventures are one of the six entry methods described.

Global marketing refers to standardizing the approach across markets when appropriate.

 
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