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International Business Quizz

90 Questions  I  By Yacinelink
International Business quizz

  
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1.  Globalization has __________ the opportunities for a firm to expand its revenues by selling around the world and __________ its costs by producing in nations where key inputs are cheap.
A.
B.
C.
D.
2.  __________ refers to the shift toward a more integrated and interdependent world economy.
A.
B.
C.
D.
3.  The two main components of globalization are:
A.
B.
C.
D.
4.  The two main components of globalization are the globalization of markets and the:
A.
B.
C.
D.
5.  The globalization of markets refers to the merging of historically distinct and separate national markets into:
A.
B.
C.
D.
6.  Failing barriers to cross-border trade:
A.
B.
C.
D.
7.  Which of the following markets has experienced the highest degree of globalization?
A.
B.
C.
D.
8.  The most global markets currently are not markets for __________, where national differences in tastes and preferences are still often important enough to act as a break on globalization, but markets for __________ that serve a universal need the world over.
A.
B.
C.
D.
9.  The globalization of production refers to:
A.
B.
C.
D.
10.  In producing its latest mainframe computer, IBM purchased goods and services from different suppliers around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production. This practice is made possible by the globalization of:
A.
B.
C.
D.
11.  An international firm like 3M may design a product in one country, produce component parts for the product in another country, assemble the product in a third country, and export the product to several other countries. This scenario is made possible by:
A.
B.
C.
D.
12.  According to former Secretary of Labor Robert Reich, the propensity for firms to outsource many of their productive activities to different suppliers around the world has resulted in the creation of __________ products.
A.
B.
C.
D.
13.  Which of the following is not an impediment that makes it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe?
A.
B.
C.
D.
14.  The two macro factors that seem to underlie the trend towards greater globalization are:
A.
B.
C.
D.
15.  __________ occurs when a firm exports goods or services to consumers in another country.
A.
B.
C.
D.
16.  Car manufacturers like General Motors, Ford, and Honda export goods and services to consumers in other countries. This practice is referred to as:
A.
B.
C.
D.
17.  __________ occurs when a firm invests resources in business activities outside its home country.
A.
B.
C.
D.
18.  American firms like eBay, General Electric, and Microsoft have substantial business activities outside the United States. This practice is referred to as:
A.
B.
C.
D.
19.  The __________ is a treaty designed to remove barriers to the free flow of goods, services, and capital between nations.
A.
B.
C.
D.
20.  Under the umbrella of GATT, there have been eight rounds of negotiations among member states. The most recent round of negotiations was referred to as the:
A.
B.
C.
D.
21.  All of the following were accomplishments of the 1993 Uruguay Round, with the exception of:
A.
B.
C.
D.
22.  The acronym GATT stands for:
A.
B.
C.
D.
23.  Which of the following statements in incorrect in regard to trends in international trade?
A.
B.
C.
D.
24.  According to data from the World Trade Organization, the volume of world trade has grown faster than the volume of world output since the 1950s. This relationship suggests all of the following except:
A.
B.
C.
D.
25.  Foreign direct investment is:
A.
B.
C.
D.
26.  According to our textbook, the single most important technological innovation that has impacted international trade has been the:
A.
B.
C.
D.
27.  According to __________, the power of microprocessor technology doubles and the cost its production falls in half every 18 months.
A.
B.
C.
D.
28.  According to our textbook, __________ promise to develop into the information backbone of tomorrow's global economy.
A.
B.
C.
D.
29.  Viewed globally, the Web is emerging as:
A.
B.
C.
D.
30.  __________ has (have) revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances.
A.
B.
C.
D.
31.  Although the characteristics of the global economy have changed dramatically over the past 30 years, as late as the 1960s all of the following demographic characteristics were true except:
A.
B.
C.
D.
32.  The percentage of world output accounted for by the United States has __________ since the early 1960s.
A.
B.
C.
D.
33.  Which of the following countries increased its share of world output from 1963 to 2000?
A.
B.
C.
D.
34.  If we look 20 years into the future, most forecasts now predict a __________ in the share of world output accounted for by developing nations such as China, India, Indonesia, and Brazil, and a __________ in the share enjoyed by rich industrialized countries such as Great Britain, Germany, Japan, and the United States.
A.
B.
C.
D.
35.  The World Bank has estimated that if current trends continue, by 2020 the __________ economy could be larger than that of the United States.
A.
B.
C.
D.
36.  According to our textbook, the dramatic shift that is taking place in the economic geography of the world suggests that many of tomorrow's economic opportunities may be found in __________, and many of tomorrow's most capable competitors will probably also emerge from these regions.
A.
B.
C.
D.
37.  The following is an example of a developing nation.
A.
B.
C.
D.
38.  All of the following are examples of developing nations with the exception of:
A.
B.
C.
D.
39.  In the 1960s, the two most dominant countries in terms of foreign direct investment were:
A.
B.
C.
D.
40.  During the 1970s and 1980s, the foreign direct investment by non-U.S. firms was motivated primarily by the following two factors:
A.
B.
C.
D.
41.  The "stock of foreign direct investment" refers to:
A.
B.
C.
D.
42.  From 1980 to 1999, the share of the total stock in foreign direct investment accounted for by the U.S.:
A.
B.
C.
D.
43.  Among developing nations, __________ has received the greatest volume of inward FDI in recent years.
A.
B.
C.
D.
44.  A __________ is any business that has productive activities in two or more countries.
A.
B.
C.
D.
45.  Companies such as Honda, 3M, and Nestle have operations in two or more countries. These types of firms are commonly referred to as __________ enterprises.
A.
B.
C.
D.
46.  Since the 1960s, there have been two notable trends in the demographics of the multinational enterprise. These two trends have been:
A.
B.
C.
D.
47.  Mini-multinationals are:
A.
B.
C.
D.
48.  Lubricating Systems Inc. is a small firm that generates more than $2 million in annual revenues through exports to a number of different foreign countries. Lubricating Systems Inc. and similar firms are referred to as:
A.
B.
C.
D.
49.  Which of the following statements is not accurate in regard to many of the former communist nations of Europe and Asia?
A.
B.
C.
D.
50.  Which of the following statements is not true regarding the majority of Latin American countries?
A.
B.
C.
D.
51.  Many influential economists, politicians, and business leaders argue that the twin engines that are driving the global economy toward greater prosperity are:
A.
B.
C.
D.
52.  Economists argue that increased international trade and cross-boarder investments will result in __________ prices for goods and services.
A.
B.
C.
D.
53.  One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as the U.S. The basic thrust of the critics' argument is:
A.
B.
C.
D.
54.  D.L. Bartlett and J.B. Steele have gained notoriety for the attacks on:
A.
B.
C.
D.
55.  In general, supporters of globalization argue that free trade benefits __________ that adhere to a free trade regime.
A.
B.
C.
D.
56.  Critics use the following argument to suggest that globalization is a contributing factor to an increase in pollution.
A.
B.
C.
D.
57.  Supporters of free trade argue that tougher environmental regulations and stricter labor standards __________ economic progress.
A.
B.
C.
D.
58.  What is the primary purpose of the World Trade Organization?
A.
B.
C.
D.
59.  The __________ was founded in 1994 to police the world trading system.
A.
B.
C.
D.
60.  The __________ was founded in 1994 to police the world trading system.
A.
B.
C.
D.
61.  The rate at which globalization is spreading around the world has increased in recent years.
A.
B.
62.  The global economy is moving towards a world in which national economies are merging into an interdependent global economic system, commonly referred to as globalization.
A.
B.
63.  Globalization has two main components: the globalization of markets and the globalization of production.
A.
B.
64.  Because of the global presence of widely accepted products like Citicorp credit cards, Coca-Cola, and McDonalds, national markets are all but disappearing.
A.
B.
65.  The most global markets are the markets for consumer products.
A.
B.
66.  The most global markets are the markets for consumer products.
A.
B.
67.  Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world, this activity is confined primarily to large firms.
A.
B.
68.  As a result of the great promise of the globalization of production, very few impediments make it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the world.
A.
B.
69.  Foreign direct investment occurs when a firm exports goods or services to consumers in another country.
A.
B.
70.  International trade occurs when a firm invests resources in business activities outside its home country.
A.
B.
71.  Early on, many of the barriers to international trade took the form of high tariffs on imports of manufactured goods.
A.
B.
72.  The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.
A.
B.
73.  The lowering of trade barriers has impeded the globalization of production.
A.
B.
74.  According to our textbook, the single most important innovation has been the development of the jet airplane.
A.
B.
75.  The World Wide Web allows businesses, both large and small, to expand their global presence at a lower cost than ever before.
A.
B.
76.  Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over a long business.
A.
B.
77.  If we look 20 years into the future, most forecasts now predict a rapid rise in the share of world output accounted for by developing nations such as China, India, and South Korea.
A.
B.
78.  The World Bank has estimated that today's developing nationals may account for over 60 percent of world economy activity by 2020.
A.
B.
79.  Germany is an example of a developing nation.
A.
B.
80.  The United States in an example of a developed nation.
A.
B.
81.  The stock of foreign direct investment refers to the total cumulative value of foreign investments.
A.
B.
82.  A multinational enterprise is any business that has productive activities in three or more countries
A.
B.
83.  According to United Nations data, the ranks of the world's largest multinationals are still dominated by firms from developed economies.
A.
B.
84.  Medium-sized and small multinationals are referred to as mini-multinationals.
A.
B.
85.  The last quarter century has seen little change in the global economy.
A.
B.
86.  Increased international trade and cross-border investment will result in lower prices for goods and services.
A.
B.
87.  D.L Bartlett and J.B. Steele have gained notoriety for their attacks on free trade.
A.
B.
88.  One concern associated with globalization is that free trade may encourage firms from advanced nations to move manufacturing facilities offshore to less developed countries that lack adequate regulations to protect labor and the environment by abuse by the unscrupulous.
A.
B.
89.  The Global Trade Federation was founded in 1994 to police the world trading system established by the General Agreement on Tariffs and Trade.
A.
B.
90.  An international business is any firm that employs people from more than one country.
A.
B.
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