Test Bank For International Business 3rd Edition by Michael Geringer, Jeanne McNett. Isbn:9781264067527.
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Module
INTERNATIONAL BUSINESS
Institution
INTERNATIONAL BUSINESS
Test Bank For International Business 3rd Edition by Michael Geringer, Jeanne McNett. Isbn:9781264067527. 9781265992682.
International Business, 3e test bank. Geringer 3e test bank for International Business. TOC-=module 1 The Challenging Context of International Business
What Is International Bus...
TEST BANK International Business 3rd Edition Michael Geringer
Module 01 : The Challenging Context of International Business
1) Business conducted within a foreign country is known as foreign business.
⊚ true
⊚ false
2) An international company (IC) is a company headquartered in another nation.
⊚ true
⊚ false
3) International business differs from domestic business in that a firm operating across borders
must deal with the forces of three kinds of environments—domestic, foreign, and
international.
⊚ true
⊚ false
4) A small gourmet food company operates solely within its own country’s borders. As such, it
need only be concerned with the domestic market.
⊚ true
⊚ false
5) The term environment encompasses multiple forces that impact the firm’s operations.
⊚ true
⊚ false
6) The structure of the organization is an external environmental force.
⊚ true
⊚ false
7) Lobbyists who advocate for new laws that will affect the production standards of a business
are an example of an internal force.
⊚ true
⊚ false
1
,8) The foreign environment consists of the interactions between the domestic environmental
forces and the foreign environmental forces, as well as interactions between the foreign
environmental forces of two countries.
⊚ true
⊚ false
9) Decision making is more complex in an international environment than it is in a purely
domestic environment.
⊚ true
⊚ false
10) After Simone was transferred from the U.S. home office to the French satellite office, she
was frustrated that most of her workers took the month of August off for vacation. She
believed they would work the extra hours if she offered them bonus pay, but they weren’t
interested. In misunderstanding her workforce’s motivations, Simone is exhibiting a self-
reference criterion.
⊚ true
⊚ false
11) Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s.
⊚ true
⊚ false
12) The plague known as the Black Death moved west and affected more people as the
international trading system expanded.
⊚ true
⊚ false
13) The 17th and 18th centuries have frequently been termed the age of industrialism because
this was the period when industrialization was advanced to the masses.
⊚ true
⊚ false
2
,14) Urbanization and industrialization in emerging markets are causing population shifts from
Europe and the Americas to Asia.
⊚ true
⊚ false
15) Multinational corporations consist of several entities in different countries, each of which has
its own independent strategy and policies.
⊚ true
⊚ false
16) A nation’s GNI and a company’s sales are directly comparable because GNI is a measure of
value added, as are sales.
⊚ true
⊚ false
17) Foreign direct investment includes investment in equipment, organizations, and company
stock in a foreign country.
⊚ true
⊚ false
18) When company A in the UK signed a long-term contract to supply essential parts to company
B in the U.S., company A decided to move its operations to the U.S. to discourage
competitors from taking away the business. This is an example of a market driver.
⊚ true
⊚ false
19) The advent of globalization has had minimal effect on labor standards around the world.
⊚ true
⊚ false
3
, 20) Opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions.
⊚ true
⊚ false
21) The global COVID-19 pandemic fostered antagonism toward globalization, with critics
saying that the interconnectedness of nations and people exacerbated the scope of the
infection.
⊚ true
⊚ false
22) Critics of globalization point to countries that are fully self-reliant for all the goods and
services they need.
⊚ true
⊚ false
23) A bicycle designer and manufacturer is headquartered in Illinois. It does business in the
United States and exports to Europe and South America. This company is an example of a(n)
A) domestic corporation.
B) foreign subsidy.
C) global partnership.
D) international company.
24) Jetson Manufacturing has manufacturing operations in the United States, Germany,
Indonesia, and Brazil. Jetson Manufacturing is an example of a(n)
A) state-owned corporation.
B) distribution center.
C) international affiliate.
D) international company.
4
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