Do you want to study international business, globalization, and more? Then we have brought this international business quiz for you here. The quiz tests your knowledge about international business and global markets. So, there are a lot of questions on the quiz, and we hope you answer most of these questions correctly and score well here. Let's go for this quiz now, and also wish you the best of luck!
Cross-border proliferation
Globalization
Worldwide consumerism
Internationalization
The globalization of technology and the globalization of markets
The globalization of finance and the globalization of accounting
The globalization of advertising and the globalization of services
The globalization of markets and the globalization of production
Globalization of production
Globalization of services
Globalization of accounting
The globalization of markets refers to the merging of historically distinct and separate national markets into:
Markets defined by a common language
One huge global marketplace
Markets defined by a common culture
Several distinct regional markets
Have made it easier to sell internationally for manufacturing firms but harder to sell internationally for service firms
Have made it harder to sell internationally
Have had no meaningful impact on international trade
Have made it easier to sell internationally
Services
Industrial goods and materials
Consumer products
Intellectual capital
Services, consumer products
Industrial goods and materials, intellectual capital
Intellectual capital, services
Consumer products, industrial goods, and materials
The tendency among firms to recruit production workers from foreign countries
The tendency among firms to move production facilities to foreign countries where wage rates are lower
The tendency among firms to use similar production methods
The tendency among firms to source goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production
Production
Commerce
Markets
Finance
The globalization of management
The globalization of marketing
The globalization of production
The globalization of technology
International
Cross-national
Cross-cultural
Global
Transportation costs
A slowdown in the trend towards globalization worldwide
Issues associated with economic and political risk
Barriers to foreign direct investment
The increase in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and the decline in economic pressures around the world
The decline in political tensions around the world, formal and informal barriers to trade between countries
The decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and technological change
A convergence in consumer tastes around the world, an increase in political tensions around the world
International trade
Country-to-country exchange
Global salesmanship
Cross-national barter
International diversification
Foreign direct investment
Cross-national investment
Transnational commerce
Tariff Buster Trade Agreement
North Atlantic Agreement on Trade and International Business
General Agreement on Tariffs and Trade
United Nations Treaty on Trade
Paris Round
Pacific-Rim Round
Central Asian Round
Uruguay Round
Further reduced trade barriers
Provided enhanced protection for patents, trademarks, and copyrights
Established a common currency for international trade
Established the World Trade Organization
General Agreement on Tariffs and Trade
Global Agreement on Taxation and Tariffs
Global Association for Technology and Trade
Global Agreement on Taxation and Trademarks
The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market
The volume of world trade has grown at the same rate as world output since 1950
The lowering of trade barriers has facilitated the globalization of production
Foreign direct investment is playing an increasing role in the global economy
Nations are becoming increasingly self-sufficient for important goods and services
More firms are dispersing different parts of their overall production process to different locations around the globe to increase quality
The economies of the world's nation states are becoming more intertwined.
FDI is playing an increasing role in the global economy
Containerized shipping
Telephone
Development of optic fiber
Microprocessor
Timmon's Principle
Jacob's Theorem
Moore's Law
Porter's Statute
MSNBC and other cable television networks
The Internet and World Wide Web
Fiber optics telephone and teletype service
Videoconferencing and fax technology
An equalizer
Too expansive of a medium to be effective
A disruptive influence on international trade
A predominately Western phenomenon