CORRECT ANSWER : A - and Answers | Indiana University | Verified and...

D270 – Davis – Midterm Exam Questions and Answers | Indiana University | Verified and Graded A

Question : The broadening set of interdependent relationships

among people from different parts of the world is known as

________.

• globalization
• offshoring
• franchising
• outsourcing

CORRECT ANSWER : A

Question : The broadening set of interdependent relationships

among people from different parts of the world is known as

________.

• globalization
• offshoring
• franchising
• outsourcing

CORRECT ANSWER : C

Question : Which of the following is NOT a likely reason to

study international business?

• Global events affect almost all companies.
• Differences among countries in physical, social, and

competitive conditions may cause companies to alter their operating methods from country to country.

• Business conducted outside the confines of any one

country is inexplicably on the decline.

• Firms may be better able to obtain better or less expensive

resources by operating internationally.

CORRECT ANSWER : C

Question : ) In terms of international business, it is most

accurate to say that ________.

• there is a universal "best way" to conduct business
• global competition affects large companies but not small

ones

• most firms depend either on foreign markets and supplies

or compete against companies that do

• government regulation of international business has little

effect on a company's profits

CORRECT ANSWER : C

Question : Devon, an accounts manager at a large electronics

firm, does not have any direct international responsibilities.However, Devon would most likely benefit from studying international business issues so that he can ________.

• conduct better job interviews
• better understand how foreign operations affect the

company's competitive position

• supervise and evaluate subordinates who have global

assignments

• understand the legalities of importing and exporting

products overseas

CORRECT ANSWER : B

Question : The shifting of national borders has most likely

created which of the following situations for international business?

• It has left rural residents more isolated from technology.
• It has complicated the understanding of behavioral factors

affecting business.

• It has increased physical barriers to exporting.
• It has slowed communications between a company's

headquarters and foreign operations.

CORRECT ANSWER : C

Question : Which of the following is an indication of the

increased globalization of business since the end of World War II?

• Foreign trade has largely replaced foreign ownership as a

means of conducting international business.

• World trade has grown more rapidly than world

production.

• Globally, consumers now depend on foreign output for

more than half their consumption.