IB-Lec-1

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IB-Lec-1

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joseph hanany

Netherlands

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IB-Lec-1


IB-Lec-1Online version IB-Lec-1 by joseph hanany 1 The widening set of interdependent relationships among people from different parts of the world is known as a globalization b offshoring c franchising d outsourcing 2 Which of the following best defines international business? a It includes all economic flows between two or more countries. b It includes all private economic flows between two or more countries. c It includes all business transactions involving two or more countries. d It includes all business transactions in countries other than your home country. 3 Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon would most likely benefit from studying international business issues so that he can a conduct better job interviews b better understand how foreign operations affect the company's competitive position c supervise and evaluate subordinates who have global assignments d understand the legalities of importing and exporting products overseas 4 Globalization refers to all economic transactions among countries a TRUE b FALSE 5 Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies. a TRUE b FALSE 6 Which of the following has NOT been a major force increasing globalization in recent decades? a liberalization of cross-border trade b increase in and expansion of technology c growing pressure from consumers d decreasing prices of natural resources 7 Political, legal, economic, monetary, and institutional forces comprise the ________ of international business and influence managers' actions. a environment b competition c culture d threat 8 Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies. a TRUE b FALSE 9 Because consumers want a greater variety of goods and services at lower prices, many governments have a reduced their restrictions on the international movement of goods and services b acted to tax most imports at a lower rate than domestic products c sought to eliminate reciprocal advantages negotiated through international organizations and treaties d increased their participation in multinational problem-solving efforts 10 The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade. a TRUE b FALSE

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IB-Lec-1

Quiz

About this activity

Created by

Download the paper version to play

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IB-Lec-1Online version

by joseph hanany

The widening set of interdependent relationships among people from different parts of the world is known as

Which of the following best defines international business?

Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon would most likely benefit from studying international business issues so that he can

Globalization refers to all economic transactions among countries

Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.

Which of the following has NOT been a major force increasing globalization in recent decades?

Political, legal, economic, monetary, and institutional forces comprise the ________ of international business and influence managers' actions.

Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.

Because consumers want a greater variety of goods and services at lower prices, many governments have

The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.