Trivia Quiz: Test Your Knowledge About Global Business!

59 Questions | Total Attempts: 25

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Trivia Quiz: Test Your Knowledge About Global Business!

Are you looking to test your knowledge about global business! A global business is a company that operates facilities in many countries around the world. Today there are many companies that can be found in almost all the continents of the world. By taking this quiz you stand to understand how the businesses have thrived so far and the factors affecting them. Give it a shot and see what you might learn!.


Questions and Answers
  • 1. 
    The economic system based upon the profit motive is the:
    • A. 

      Socialist economy

    • B. 

      Command economy

    • C. 

      Market economy

    • D. 

      Mixed economy

  • 2. 
    Global dependency exists when:
    • A. 

      Countries count on financial aid from other parts of the world

    • B. 

      Items that consumers need and want are created in other countries

    • C. 

      Countries ban foreign trade

    • D. 

      A citizen from a country gives birth to a child in a foreign country

  • 3. 
    ___ are products sold in other countries.
    • A. 

      Domestic goods

    • B. 

      Imports

    • C. 

      Exports

    • D. 

      Foreign goods

  • 4. 
    Which is not a cultural and social factor that affects the international business environment?
    • A. 

      Education

    • B. 

      Language

    • C. 

      Values and customs

    • D. 

      Type of government

  • 5. 
    The host country
    • A. 

      Is the country in which a multinational enterprise is headquartered

    • B. 

      Is the country in which a multinational enterprise is a guest

    • C. 

      Does not have influence on the operation of the international business

    • D. 

      Is a democracy that allows the entrance of international businesses

  • 6. 
    Which country would have the greatest number of extended families?
    • A. 

      Mexico

    • B. 

      Canada

    • C. 

      Australia

    • D. 

      United States

  • 7. 
    ____ are people who live and work outside of their native countries.
    • A. 

      Parent-country nationals

    • B. 

      Foreign employees

    • C. 

      Expatriates

    • D. 

      Third-country nationals

  • 8. 
    The __ uses managers from various countries with the geographic region of business.
    • A. 

      Polycentric approach

    • B. 

      Geocentric approach

    • C. 

      Regiocentric approach

    • D. 

      Ethnocentric approach

  • 9. 
    Employers for multinational companies do not hire employees based on
    • A. 

      Adaptability

    • B. 

      Competence

    • C. 

      Ethnocentrism

    • D. 

      Personal characteristics

  • 10. 
    Managers and families moving to other parts of the world take part in ___ to understand the local culture.
    • A. 

      Repatriation training

    • B. 

      Spousal employment counseling

    • C. 

      Global orientation

    • D. 

      Cross-cultural training

  • 11. 
    Which of the following is an international firm?
    • A. 

      Sunrise Computer Systems

    • B. 

      Gary's Gas Station

    • C. 

      Buer's Brewers

    • D. 

      Walmart, Inc.

  • 12. 
    Of the following statements, the one that does not describe a multinational company is that
    • A. 

      It maintains both an international and local perspective.

    • B. 

      It maintains only a local perspective to simplify processes.

    • C. 

      Its strength is that it offers a different product in each market.

    • D. 

      Coordination between international and local representation is crucial.

  • 13. 
    An economy that allows an individual to personally own a business with little or no interference from the government is a:
    • A. 

      Command economy

    • B. 

      Mixed economy

    • C. 

      Market economy

    • D. 

      Communist economy

  • 14. 
    One of the most troubled economies in the world is:
    • A. 

      Japan

    • B. 

      Greenland

    • C. 

      Australia

    • D. 

      Germany

  • 15. 
    A U.S. toy company allows a Chinese company to create clothing and school supplies with one of the U.S. company's doll characters on the products. This is an example of:
    • A. 

      Direct exporting

    • B. 

      Franchising

    • C. 

      Licensing

    • D. 

      Indirect exporting

  • 16. 
    The ___ brings together resources for a company to get started and operate successfully.
    • A. 

      Wholesaler

    • B. 

      Entrepreneur

    • C. 

      CEO

    • D. 

      Retailer

  • 17. 
    Global corporations focus on:
    • A. 

      Product and pricing sameness worldwide.

    • B. 

      Creating products that are universally accepted or standardized.

    • C. 

      Cultural diversity in all company-owned enterprises.

    • D. 

      Ethnocentricity for all employees.

  • 18. 
    ___ is when a company buys land or other resources in another country.
    • A. 

      A wholly-owned subsidiary

    • B. 

      Foreign direct investment

    • C. 

      Management contracting

    • D. 

      A joint venture

  • 19. 
    Which of the following is not advantage of operating a business as a sole proprietorship?
    • A. 

      Limited risks

    • B. 

      Owner is the boss

    • C. 

      Freedom to make business decisions

    • D. 

      Ease of starting

  • 20. 
    Owners of a ____ do not have unlimited liability.
    • A. 

      Sole proprietorship

    • B. 

      Partnership

    • C. 

      Cooperative

    • D. 

      Corporation

  • 21. 
    ____ occurs when the engine of an automobile is produced in Germany and the rest of the automobile is produced in the United States.
    • A. 

      Foreign direct investment

    • B. 

      Management contracting

    • C. 

      Licensing

    • D. 

      Franchising

  • 22. 
    ____ is an agreement between two or more companies from different countries to share a business project.
    • A. 

      Joint venture

    • B. 

      Licensed agreement

    • C. 

      Franchise

    • D. 

      Independent contract

  • 23. 
    The United States has many sellers offering blue jeans. This is an example of
    • A. 

      An oligopoly

    • B. 

      A monopoly

    • C. 

      Restricted imports

    • D. 

      Pure competition

  • 24. 
    ___ refers to when a company avoids the risks related to international business by only selling products in its home country.
    • A. 

      Risk avoidance

    • B. 

      Risk sharing

    • C. 

      Risk assumption

    • D. 

      Risk reduction

  • 25. 
    Self insurance of ___ occurs when a company takes responsibility for losses from certain risks.
    • A. 

      Risk avoidance

    • B. 

      Risk reduction

    • C. 

      Risk assumption

    • D. 

      Risk sharing

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