Ultimate Trivia On Global Business! Quiz Questions

16 Questions | By Malisk | Updated: Mar 20, 2022 | Attempts: 225

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Ultimate Trivia On Global Business! Quiz Questions - Quiz

Below are the ultimate trivia on global business quiz questions. The primary benefit of expanding business operations beyond your borders comes down to numbers operating a business on a global level helps enterprises expand their market share, reduce costs and become more competitive. Do take up this interesting quiz and get to see how much you stand to learn about this type of business and its benefits to those willing to join. .

Questions and Answers

1.

What are the globalization sequential phases?
- A.
  
  Exporting and Cooperative Contracts
- B.
  
  Strategic Alliances and Wholly Owned Affiliates
- C.
  
  Global New Ventures, Exporting, and Cooperative Contracts
- D.
  
  B and C
- E.
  
  None of the above
2.

What are strategic alliances?
- A.
  
  Foreign offices, facilites, and manufatcturing plants
- B.
  
  New Companies that are founded with an active global strategy
- C.
  
  When two exsisting companies combine key resources, cost, risk, technology, and people
- D.
  
  None of the above
3.

Local adaptation is modifying rules, guidelines, policies, and procedures to adapt to differences in foreign customers, governments, and regulatory agencies.
- A.
  
  True
- B.
  
  False
4.

What is the most common Strategic Alliance?
- A.
  
  Risk
- B.
  
  Joint Venture
- C.
  
  Technology
- D.
  
  None of the above
5.

Generally speaking, experienced employees need not worry about receiving any form of cross-cultural training, because they already have the ability to respond to any situation that may arise.
- A.
  
  True
- B.
  
  False
6.

Which of the following is a reason that people generally feel they should opt-out of cross-cultural training?
- A.
  
  Employees need to pay for the training out of their own pocket, which appears as an unnecessary expense that an employee shouldn't have to pay.
- B.
  
  Cross-cultural training programs are difficult to find.
- C.
  
  They have already done business in that country, so additional training would be a waste of company money, as well as time spent taking the training.
7.

The following are different forms of cross-cultural that may be offered:
- A.
  
  Field experiences
- B.
  
  Cultural simulations
- C.
  
  Documentarty Training
- D.
  
  All of the above
8.

Some companies believe that cross-cultural training is critical to the point where the company will pay for the employee and his or her family to live in the country for several days to determine if they would be a suitable candidate for this given assignment.
- A.
  
  True
- B.
  
  False
9.

What is Global Business?
- A.
  
  Buying and selling of goods and services from different countries
- B.
  
  Businesses that are located in the United States
- C.
  
  Working in a different country
- D.
  
  Working in a different business across the US
10.

What is 1 of the 5 largest Regional Trade Zones?
- A.
  
  Australia
- B.
  
  India
- C.
  
  Japan
- D.
  
  Canada
- E.
  
  Europe
11.

What does WTO stand for?
- A.
  
  World Trade Association
- B.
  
  World Trade Organization
- C.
  
  Walmart Trade Organization
- D.
  
  Walgrees Trade Organization
12.

What is an example of Global Business?
- A.
  
  Buying food organically grown
- B.
  
  Buying a shirt that is made by your neighbor
- C.
  
  Getting services from your neighbor
- D.
  
  Buying an item from a different country
13.

Which are factors of determining growth in the foreign market?
- A.
  
  Purchasing Power
- B.
  
  Purchasing power and Degree of global competition
- C.
  
  Global Competition
- D.
  
  Individualism
- E.
  
  Power Distance
14.

Political Uncertainty is defined as the risk of major change in polical regimes and war.
- A.
  
  True
- B.
  
  False
15.

National culture is defined as:
- A.
  
  Set of shared values and beleifs within people from a particular country
- B.
  
  The degree to which societies believe in sel-sufficient
- C.
  
  Capture difference between assertive and nurturing cultures
16.

Companies must establish an office or manufacturing location in each country they enter
- A.
  
  True
- B.
  
  False