Chapter 1 - The Challenging World of International Business

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Introduction to Global Business @ University of Houston w / Alana Aleman
updated 6 years ago by xtinenguyen
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intb 3354
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1

A newer name for the term "transnational" to describe any firm doing business in more than one country is a(n):

multicultural multinational

2

According to Martin Wolf, inequality has risen in some high-income countries due to the nature of:

technological change

3

Exporting is:

the transportation of any domestic good or service to a destination outside a country.

4

There is a trend toward the unification and socialization of the global community.

True

5

No domestic firm is entirely free from foreign or international environmental forces.

True

6

Increasingly, one of the ways a company can also have greater revenues is through:

simultaneously introducing products both in new and domestic markets.

7

Which of the following is an uncontrollable external environmental force?

Labor

8

According to the United Nations Conference on Trade and Development (UNCTAD), "A _____ corporation is generally regarded as an enterprise comprising entities in more than one country which operate under a system of decision making that permits coherent policies and a common strategy."

transnational

9

The United Nations and the governments of many developing nations use multinational instead of transnational to describe any firm doing business in more than one country.

False

10

Changing the method of going abroad from exporting to overseas production is often necessary to protect foreign markets.

True

11

Martin Wolf's analysis shows that income inequality has risen in most developing countries that have integrated with the world economy.

False

12

There are seven dimensions along which management can standardize when organizing their international activities. The possibilities range from zero standardization or _____ to standardization along all seven dimensions.

multidomestic

13

In the history of international business, why does the saying "all roads lead to China" have relevance within the international trade system?

In ancient times, China was the world's leading manufacturing country for about 1,800 years.

14

Which of the following is NOT a major driver, based on change that is leading international firms to globalize their operations?

Ethical

15

The unconscious reference to one's own cultural values when judging behaviors of others in a new and different environment is called:

the self-reference criterion