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BUSI 3250 CH 1-3 Exam Questions and Answers
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BUSI 3250 CH 1-3 Exam Questions and Answers
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BUSI 3250 CH 1-3 Exam Questions andAnswers
an international company (IC) is a company headquartered in another nation - Answer-
false; A company with operations in multiple nations
As used in the text, the term environment means all the forces influencing the life and
development of the firm - Answer-true
lobbyists who advocate for new laws that will affect the production of a business are an
example if an internal force - Answer-false; external force, political
those who work in the international environment find that decision making is more
complex than it is in a purely domestic environment - Answer-true
Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s - Answer-false; China
the advent of globalization has had minimal effect on labor standards around the world -
Answer-false; has had deleterious effects on labor and labor standard
opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions - Answer-true
what is an example of an internal force that can affect a company's environment -
Answer-human resources
Gabriel Industries is located near a port city which allows it to ship products easily
overseas to its international customers. The geographic location of the company is an
example of a(n) - Answer-external force
which of the environments associated with a company refers to the uncontrollable
forces originating outside the home country? - Answer-foreign
the proportion of world trade coming from North America, Latin America, Africa, and the
Middle East has decreased since 1983 - Answer-true
thanks in part to communication advancements, international trade has stabilized and
become evenly distributed across all countries of the world - Answer-false; has
produced uneven results across nations and people
the vast proportion of outward FDI, about two-thirds, originates from the developed
countries - Answer-true
, Internalization theory suggests that when an organization has superior knowledge, it
may obtain a better price by selling it to the open market - Answer-false; selling to a
foreign subsidiary that it controls, not to open market
the dynamic capability theory states that for a firm to invest overseas, it must have three
kinds of advantages: ownership specific, internalization, and location specific - Answer-
false; not only ownership of unique knowledge or resources, but also the ability to
dynamically create, sustain, and exploit these capabilities over time, true for Eclectic
Theory of International Production
since 1983, the proportion of world trade coming from the United States has - Answer-
decreased overall
since 1980, the United States proportion of world trade in commercial services has -
Answer-increased one-third
which country ranked the highest in 2016 in terms of merchandise exports? - Answer-
China
a major portion of the exports from developing countries go to _________ countries,
and this proportion has been __________ - Answer-developed; decreasing
when considering where to export, advantages to managers of focusing on a nation that
is already a sizable purchaser of goods coming from the home country include all of the
following EXCEPT - Answer-the cultures of the two countries should be relatively similar
and compatible
when adjusting to other cultures, the first step managers can take is to compare their
current culture to another to assess its value - Answer-false
understanding how religion affects cultural attitudes is important for marketing
professionals to know - Answer-true
Buddhism is based on the teachings of Siddhartha Guatama - Answer-true
Hofstede is primarily concerned with social values and the dimensions he identified that
help parents understand their children - Answer-false; to help managers understand
how cultural differences affect organizations and management methods.
feminine cultures in Hofstede's dimensions about relationships and are not focused on
their business success - Answer-false; In feminine cultures, quality of work life is
important
culture is a group of shared worldviews, social rules and interpersonal dynamics that is -
Answer-learned, interrelated, and shared
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