Question 1

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

Accepted Answer

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

Question 2

Foreign business denotes

Accepted Answer

Foreign business denotes the operations of a company outside its home or domestic market; many refer to this as business conducted within a foreign country. This term sometimes is used interchangeably with international business by some writers, although that will not be our practice.

Question 3

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed all of the following except

Accepted Answer

Surveying CEOs of the 162 largest firms on Fortune's list of the 500 largest U.S. corporations, we found that the CEOs strongly believed (1) an international orientation should be an important part of a college business education; (2) international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to entry-level positions, and across a broad array of functional as well as cross-functional areas; and (3) the importance indicated in the preceding points was magnified for companies that anticipated increasing importance of international activities in the next five years.

Question 4

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that for developing international skills,respondents believed that a number of courses in the international business curriculum are relevant to their companies,including courses on topics related to:

Accepted Answer

Surveying CEOs of the 162 largest firms on Fortune's list of the 500 largest U.S. corporations, the CEO respondents believed that a number of courses in the international business curriculum are relevant to their companies. In addition to an introduction to international business course, the internationally oriented courses viewed as being the most important for early career positions included topics related to (1) international strategy and competitiveness, (2) international legal and political issues, (3) international negotiation, and (4) foreign language.

Question 5

Expanded international trade is linked with the creation of more and better jobs.

Accepted Answer

Expanded international trade is linked with the creation of more and better jobs.

Question 6

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

Accepted Answer

Surveying CEOs of the 162 largest firms on Fortune's list of the 500 largest U.S. corporations, we found that the CEOs strongly believed (1) an international orientation should be an important part of a college business education; (2) international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to entry-level positions, and across a broad array of functional as well as cross-functional areas; and (3) the importance indicated in the preceding points was magnified for companies that anticipated increasing importance of international activities in the next five years.

Question 7

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

Accepted Answer

You can take classes in the area of international business, perhaps leading to a degree in an international business-related field. In addition, even while you are in school or shortly after graduation, consider going abroad to study, to work (whether as a business intern, as a teacher, or even in such positions as bartender or child care provider), or to volunteer in community development activities. The Institute of International Education found that 60 percent of respondents' companies sought out and rewarded candidates with study abroad experience, so this experience may help you to land a job that involves international business activities. If you already have a job, you can enhance your opportunities for international experience by making your boss and the human resource management department aware of your interest and the fact that you have studied international business. Look for opportunities to remind them that you continue to be interested (performance review is a good time). Try to meet people who work with the company's foreign subsidiaries as well as with visitors from overseas. As evidence of your strong interest in foreign employment, take additional international business courses and study foreign languages. Make sure that people in your company know what you are doing.

Question 8

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

Accepted Answer

You can take classes in the area of international business, perhaps leading to a degree in an international business-related field. In addition, even while you are in school or shortly after graduation, consider going abroad to study, to work (whether as a business intern, as a teacher, or even in such positions as bartender or child care provider), or to volunteer in community development activities. The Institute of International Education found that 60 percent of respondents' companies sought out and rewarded candidates with study abroad experience, so this experience may help you to land a job that involves international business activities.

Question 9

That free trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree.

Accepted Answer

That free trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree, not only because it is theoretically compelling but also because it has been demonstrated in practice.

Question 10

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

Accepted Answer

Surveying CEOs of the 162 largest firms on Fortune's list of the 500 largest U.S. corporations, we found that the CEOs strongly believed (1) an international orientation should be an important part of a college business education; (2) international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to entry-level positions, and across a broad array of functional as well as cross-functional areas; and (3) the importance indicated in the preceding points was magnified for companies that anticipated increasing importance of international activities in the next five years.

Question 11

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20^th century.

Accepted Answer

According to the text, the level of intracompany trade of multinationals in 1930, as a percentage of world trade, may have exceeded the proportion at the end of the 20^th century.

Question 12

The increased internationalization of business requires __________ to have a basic knowledge of international business.

Accepted Answer

All managers need to have a basic knowledge of international business to be able to meet the challenge of global competition. Acquiring this knowledge consists, in part, of learning the special terminology.

Question 13

As mentioned in the text,managers in companies with no foreign operations of any kind still need a global perspective,for all of the following reasons except

Accepted Answer

Do managers of companies with no foreign operations of any kind need a global perspective? They do indeed, because it will help them not only to be alert for both sales and sourcing opportunities in foreign markets but also to be watchful for new foreign competitors preparing to invade their domestic market. International experience can increase your respect for other cultures, teach you to deal with very different styles of leadership, and enhance your ability to manage diversity within teams. In addition, according to recruiters, foreign experience reflects independence, resourcefulness, and entrepreneurship. People who work and support themselves overseas tend to be inquisitive, adaptive, and flexible-valuable qualities in today's work environment. International experience is an important variable in explaining better decision making and strategic choices. However, merely having international experience will not guarantee that a manager can be an effective leader across different cultures and political systems. There is too much variance across these contexts, and across the personality, skills, and experience of individual managers, to guarantee such an outcome.

Question 14

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from Europe and the Americas and back to Asia.

Accepted Answer

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from Europe and the Americas and back to Asia.

Question 15

Although they represent less than 1 percent of all transnational corporations,state-owned transnationals account for more than 11 percent of the world's foreign direct investment.

Accepted Answer

Although they represent less than 1 percent of all transnational corporations, state-owned transnationals account for more than 11 percent of the world's foreign direct investment.

Question 16

The five major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations,include political,sociocultural,technological,market,and competitive drivers.

Accepted Answer

The five major kinds of drivers, all based on changes that are leading international firms to the globalization of their operations, include political, technological, market, cost, and competitive drivers. Sociocultural drivers are not part of these identified forces.

Question 17

Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.

Accepted Answer

Transnational corporations account for approximately two-thirds of world trade, not 50 percent.

Question 18

Globalization has produced uneven results across nations and people.

Accepted Answer

Globalization has produced uneven results across nations and people.

Question 19

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

Accepted Answer

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

Question 20

An international business

Accepted Answer

International business is business that is carried out across national borders. This definition includes not only international trade and foreign manufacturing but also the growing service industry in areas such as transportation, tourism, advertising, consulting, construction, retailing, wholesaling, and mass communications.

Quiz 1: The Challenging Context of International Business

Opponents of free trade point out that globalization has contributed to a decline in environmental and health conditions.

Foreign business denotes

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed all of the following except

Expanded international trade is linked with the creation of more and better jobs.

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

According to the text,you can improve your chances for obtaining an overseas post by doing all of the following except

That free trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree.

A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20th century.

The increased internationalization of business requires __________ to have a basic knowledge of international business.

As mentioned in the text,managers in companies with no foreign operations of any kind still need a global perspective,for all of the following reasons except

Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from Europe and the Americas and back to Asia.

Although they represent less than 1 percent of all transnational corporations,state-owned transnationals account for more than 11 percent of the world's foreign direct investment.

The five major kinds of drivers,all based on changes that are leading international firms to the globalization of their operations,include political,sociocultural,technological,market,and competitive drivers.

Transnational corporations account for approximately 25 percent of total global output and nearly 50 percent of world trade.

Globalization has produced uneven results across nations and people.

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

An international business

According to the text,the level of intracompany trade of multinationals in 1930,as a percentage of world trade,may have exceeded the proportion at the end of the 20^th century.