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Test bank for International Business Environments and Operations 16th Global Edition by John Daniels
Test bank for International Business Environments and Operations 16th Global Edition by John Daniels
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lOMoARcPSD|25922779 Test bank for International Business Environments and Operations 16th Global Edition by John Daniels lOMoARcPSD|25922779 test bank for International Business Environments and Operations 16th Global Edition International Business: Environments and Operations, 16e, Global Edition (Daniels et al.) Chapter 1 International Business and Globalization 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 Answer: A Diff: 1 Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept Objective: 1 -1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 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. Answer: C Diff: 2 Learning Outcome: Define the fundamental concepts of international business Skill: Concept Objective: 1 -1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 3) In terms of international business, it is most accurate to say that ________. A) there is a universal "best way" to conduct business B) global competition affects large companies but not small ones C) most firms depend either on foreign markets and supplies or compete against companies that do D) government regulation of international business has little effect on a company's profits Answer: C Diff: 2 Learning Outcome: Discuss trends in and the debate over globalization Skill: Concept Objective: 1 -1 Relate globalization and international business (IB) to each other and explain why their study is important AACSB: Reflective thinking 4) 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 interviewsThe benefits of buying summaries with Stuvia:
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