Globalization and International Business Essay Example
1. The broadening set of interdependent relationships among people from different parts of the world is known as ________.
a. globalization
b. Offshoring
c. international business
d. outsourcing
2. The term globalization is sometimes used to mean the ________.
a. movement of jobs to low-wage countries
b. business being undertaken outside the confines of any nation
c. Uneven distribution of resources and their influence on different products and services in different parts of the world
d. Integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people
3. 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, whether the transactions are conducted by private or governmental organizations.
d. It includes all business transactions in countries other than your home country
4. Which of the following is the most accurate comparison of how private organizations and governments conduct international business?
a. The objectives for private organizations and governments are the same.
b. The private organization’s objective is profit, whereas a government may or may not seek profit as an objective.
c. Governments operate strictly for nonprofit motives, but private organizations seek profits.
d. Governments undertake international business for more long-term objectives than private companies do.
5. The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.
a. Acquiring resources
b. Minimizing risk
c. Offshoring
d. Sales expansion
6. An example of a U.S. merchandise import is an automobile made in ________ and sold ________.
a. The United States by a Japanese company;
a. globalization
b. Offshoring
c. international business
d. outsourcing
2. The term globalization is sometimes used to mean the ________.
a. movement of jobs to low-wage countries
b. business being undertaken outside the confines of any nation
c. Uneven distribution of resources and their influence on different products and services in different parts of the world
d. Integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people
3. 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, whether the transactions are conducted by private or governmental organizations.
d. It includes all business transactions in countries other than your home country
4. Which of the following is the most accurate comparison of how private organizations and governments conduct international business?
a. The objectives for private organizations and governments are the same.
b. The private organization’s objective is profit, whereas a government may or may not seek profit as an objective.
c. Governments operate strictly for nonprofit motives, but private organizations seek profits.
d. Governments undertake international business for more long-term objectives than private companies do.
5. The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.
a. Acquiring resources
b. Minimizing risk
c. Offshoring
d. Sales expansion
6. An example of a U.S. merchandise import is an automobile made in ________ and sold ________.
a. The United States by a Japanese company;