1. All managers need to have a basic knowledge of international
business.
True False
2. As the term is used in the text, foreign business is business whose
activities are carried out across national borders.
True False
3. An international company is an organization with multicountry affiliates,
each of which formulates its own business strategy based on perceived
market differences.
True False
4. A business whose activities are carried out across national borders is
known as an international business.
True False
5. Foreign business refers to the operations of a company outside its
home or domestic market.
True False
,6. A company headquartered in another country is known as a foreign
business.
True False
7. The term international business is used to describe an organization with
multicountry affiliates, each of which formulates its own business
strategy based on perceived market differences.
True False
8. A multidomestic company is an organization that attempts to
standardize and integrate operations worldwide in all functional areas.
True False
9. The term international company refers to both global and
multidomestic companies.
True False
10 A global company is an organization that attempts to standardize and
. integrate operations worldwide in most or all functional areas.
True False
11 According to the definitions in the text, a multidomestic firm is an
. organization that attempts to standardize operations worldwide in all
functional areas.
True False
12 The United Nations uses the term transnational to describe an
. enterprise doing business in more than one country.
True False
13 Only those companies that have foreign operations need to be aware of
. what is occurring globally in foreign markets and their industry.
True False
, 14 International business differs from domestic business in that a firm
. operating across borders must deal with the forces of two kinds of
environments—domestic and foreign.
True False
15 External forces in the international business environment are
. commonly called uncontrollable forces.
True False
16 Uncontrollable forces are external forces over which management
. cannot exert any influence.
True False
17 According to the text, environmental elements over which management
. does have some control—including competitive, labor, and financial
forces—are called internal forces.
True False
18 External environmental forces are commonly referred to as
. controllable.
True False
19 Internal environmental forces are commonly referred to as
. controllable.
True False
20 The international environment is composed of all the uncontrollable
. forces that surround and influence the firm's life and development.
True False
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