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BUSI 3250 EXAM 1 QUESTIONS WITH COMPLETE ANSWERS
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BUSI 3250 EXAM 1 QUESTIONS WITH COMPLETE ANSWERS
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BUSI 3250 EXAM 1 QUESTIONS WITHCOMPLETE ANSWERS
An international company (IC) is a company headquartered in another nation. - Answer-
False
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 standards of a
business are an example of an internal force. - Answer-False
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 at the end of the 1800s. - Answer-False
The advent of globalization has had minimal effect on labor standards around the world.
- Answer-False
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 an - 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
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
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
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 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 Gautama. - Answer-True
Hofstede is primarily concerned with social values and the dimensions he identified that
help parents understand their children. - Answer-False
Feminine cultures in Hofstede's dimensions care about relationships and are not
focused on business success. - Answer-False
Culture is a group of shared worldviews, social rules, and interpersonal dynamics that
is: - Answer-Learned, interrelated, and shared.
Molly has lived in Ireland her entire life and believes that the only way to do things is
"the Irish way." This belief is an example of: - Answer-Ethnocnetrism
Two basic ways to understand the role of leadership are to provide direction for a
collection of individuals or to - Answer-Integrate a group
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