Introduction to International Business Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Global strategy could be used for which one of the following:

Question 2 2. Which of the following is NOT a reason to use global strategy?

Question 3 3. What is defined as the bringing in of foreign goods into an economy?

Question 4 4. In what type of company is the product or service primarily made in the home country?

Question 5 5. You are in the middle of a court battle involving a contract dispute in a foreign country. This is an example of which type of challenge regarding international markets?

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Question 6 6. How can a joint venture be profitable to both parties involved?

Question 7 7. Coke and Pepsi have decided to work together in order to produce an entirely new drink which they think will completely take over most of the international market. They have agreed that Coke will be responsible for the R&D, while Pepsi will be in charge of production facilities. Why is this an example of a strategic alliance rather than a joint venture?

Question 8 8. Identify which international organization has been established by the Maastricht Treaty under its current name in 1993, but whose beginning may be traced back to 1951, with the creation of the European Coal and Steel Community.

Question 9 9. Exporting is the act of

Question 10 10. In the 1990s, in what way was the UN promoting international cooperation?

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Question 11 11. What costs should a business consider when thinking of expanding beyond its borders?

Question 12 12. Twain Electronics designs a unique product that nobody else on the market has. Which of the following would be an example of licensing in this case?

Question 13 13. Which of the following is a key feature of a wholly owned subsidiary?

Question 14 14. Which is the best explanation of an international market for a particular company?

Question 15 15. Which of the following is NOT a member of the Southeast Asian trade agreement, ASEAN?

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Question 16 16. The costs of doing business abroad includes all of the following except

Question 17 17. This type of company operates in few countries and/or may use goods and services from selected countries.

Question 18 18. A highly indebted American company is seeking assistance on how to expand its portfolio in Argentina. It is having severe difficulties with paying the right amount of federal income tax and has on several occasions underestimated the risk of the decreasing value of Argentinian currency. Which of the following is an area in which the International Monetary Fund may assist them?

Question 19 19. How does globalization reduce work and environmental standards?

Question 20 20. With the aim of removing tariffs and other trade barriers, in 1994, the United States, Canada, and Mexico signed the trade agreement _____.

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Question 21 21.

The most basic form of international business involves:

A. Importing products from another country.

B. Exporting products to another country.

C. Licensing your product to a manufacturer in another country.

D. Buying a license to make a foreign company's product.

E. Importing services from another country.

F. Exporting services to another country.

Question 22 22. Global strategy is used to _____.

Question 23 23. An IT company has lowered its prices due to the fact that it has directly benefited from globalization, making it much easier for customers to buy their products. Which of the following is NOT a likely cause of their decreasing prices?

Question 24 24. The _____ looks at the costs of competing with a native business.

Question 25 25. If you need to adjust the design of a product to fit the preferences of the consumers of a particular market, what challenge of an international market are you addressing?

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Question 26 26. Which of the following is the best explanation of a market?

Question 27 27. Jane's company is thinking of exporting part of their Boston-based products to India. Why should they look at the costs of doing business abroad?

Question 28 28. Which of these is NOT an argument against economic globalization?

Question 29 29. Which of the following is FALSE regarding globalization?

Question 30 30. What is defined as the economic mixing and interdependence of economies across the world through an escalation of cross-cultural movement of goods, services, technologies and wealth?

Introduction to International Business Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Business 120: International Business  /  Business Courses
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