Test Bank for International Business, 15th Edition

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1International Business: Environments and Operations, 16e(Daniels et al.)Chapter 1Globalization and International Business1) The widening set of interdependent relationships among people from different parts of theworld is known as ________.A) globalizationB) offshoringC) franchisingD) outsourcingAnswer: ADiff: 1Learning Outcome: Discuss trends in and the debate over globalizationSkill: ConceptObjective: 1-1 Relate globalization and international business (IB) to each other and explainwhy their study is importantAACSB: Reflective thinking2) 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: CDiff: 2Learning Outcome: Define the fundamental concepts of international businessSkill: ConceptObjective: 1-1 Relate globalization and international business (IB) to each other and explainwhy their study is importantAACSB: Reflective thinking3) In terms of international business, it is most accurate to say that ________.A) there is a universal "best way" to conduct businessB) global competition affects large companies but not small onesC) most firms depend either on foreign markets and supplies or compete against companies thatdoD) government regulation of international business has little effect on a company's profitsAnswer: CDiff: 2Learning Outcome: Discuss trends in and the debate over globalizationSkill: ConceptObjective: 1-1 Relate globalization and international business (IB) to each other and explainwhy their study is importantAACSB: Reflective thinking

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International Business by John Dani...

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