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BUSA 4000 Final Exam Review Questions And Answers 2024/2025
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BUSA 4000 Final Exam Review Questions And Answers 2024/2025
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BUSA 4000 Final Exam Review Questions AndAnswers 2024/2025
International business is defined as the performance of _____ activities by firms across national borders ANS✔✔ Trade
and Investment
Which of the following best characterizes the development of international business? ANS✔✔ It has existed in some
form for centuries
_____ refers to the transfer of assets to another country of the acquisition of assets in that country ANS✔✔
International Investment
Which of the following would NOT be considered an example of foreign direct investment (FDI)? ANS✔✔ Cross border
purchase of stocks
____ is the total value of products and services produced in a country over the course of a year ANS✔✔ GDP
Which of the following has contributed to the rapid growth of trade among nations EXCEPT ANS✔✔ The increase in
trade barriers
Which of the following types of risk is also known as political risk? ANS✔✔ Country Risk
Which of the following is NOT an example of a cross-cultural risk factor? ANS✔✔ Cost of production
Fluctuating exchange rates are an example of which of the following? ANS✔✔ Currency Risk
Businesses that directly initiate international business transactions are known as ANS✔✔ Focal firms
Firms that emphasize global integration make and sell ANS✔✔ Products that require minimal adaption
, Graham Technologies is a UK-based consumer electronics manufacturer. The company markets netbooks, smartphones,
laptops, and desktops in the international market and each product division operates as a stand-alone profit center with
substantial autonomy. This is an example of a ANS✔✔ Product structure
Which of the following is necessary for local responsiveness to effectively increase a firm's competitiveness? ANS✔✔
Local managers need to be able to make decisions based on local needs
Which of the following is a disadvantage of a geographic area structure? ANS✔✔ Geographic area managers potential
lack of global orientation for developing and managing products
Which of the following activities would be considered last by a manager while developing strategies? ANS✔✔ Deciding
how best to contend with competitors
A _____ strategy is characterized by substantial control over country operations by headquarters in order to increase
efficiency and integration ANS✔✔ Global
In which of the following are substantial autonomy and decision-making authority delegated to a firm's subsidiaries
around the world? ANS✔✔ Decentralized Approach
GramTech Solutions is a software develoment based in the US. The firm's CEO, David Ghaster, wants to open an outlet in
India. Being a visionary leader, he would ANS✔✔ Acquire managers with an international mind-set, showing an
openness to and awareness of diversity across cultures
A global industry is one in which competition is on a regional or worldwide scale. Which of the following is more
commonly a global industry? ANS✔✔ Automobiles
A firm would be compelled to seek global integration when it has to ANS✔✔ Capitalize on converging consumer trends
and universal needs
Which of the following tasks should a shoe manufacturing company perform first if it needs to assess the global market
opportunity? ANS✔✔ Analyze the firm's readiness to internationalize
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