Quiz Chapter 1 - Texas Tech University



Quiz Chapter 1

Chapter 1 –

Q1.  The interpersonal norms of a country may necessitate a company’s alteration of __?

A. Child Labor

B. Operations

C. Accounting

D. None of the above

E. All of the above

Answer: B

Q2.  Which of the following terms are not synonymous with the others?

A. MNE

B. MNC

C. MNM

D. TNC

Answer: C

Q3.  Foreign sources may give companies?

A. Higher costs

B. New and/or better products

C. Conflicting operating knowledge

D. Legal problems

Answer: B

Q4.  A major operating objective that may induce companies to engage in international business is _____?

A. To expand sales

B. To maximize risk

C. To acquire competitors

D. None of the above

Answer: A

Q5. Critics of globalization claim _______?

A. Countries lose sovereignty

B. The resultant growth hurts the environment

C. Some people lose in both aspects

D. All of the above

Answer: D

1. All of the following are objectives of international business operations except for:

a) sales expansion

b) resource acquisition

c) locally expanding

d) risk minimization

Correct Answer: C

2. Globalization consists of the following processes except:

a) political process

b) environmental process

c) social process

d) economic process

Correct Answer: B

3. Which of the following is a criticism of globalization?

a) going into someone’s country uninvited

b) different climates in other countries get in the way

c) terrorist opportunities

d) threat to national sovereignty

Correct Answer: D

4. To minimize your risk you can:

a) diversify suppliers across countries

b) take advantage of business cycle differences amongst countries

c) a & b

d) none of the above

Correct Answer: C

5. Which of the following is a mode of entry for expanding internationally?

a) Licensing agreements

b) talk to someone about your ideas

c) think about it for a while

d) try to achieve popularity locally

1) Globalization is:

a) It is a new stage of capitalism.

b) Brings interdependence among people from different countries.

c) It is a process chosen by each company whether or not they want to enter.

d) It is a physical and sociological movement that happens all over the world.

2) Globalization is process that happens all over the world. Choose the most globalized:

a) South Africa, Lithuania, and Costa Rica

b) Argentina, Kenya, and Italy

c) Ireland, Singapore, and Netherlands

d) Switzerland, Egypt, and India

3) When did globalization start and when did it get stronger?

a) It started after the WWII and it got stronger when it was built the Berlin Wall in Germany.

b) It started with the discovery of internet and it spreaded out after UN’s birth.

c) It started during American independence and it strengthens after the industrial revolution.

d) It started during XVI century and it gained strength after bilateral and multilateral agreements and treaties.

4) What are the criticisms made to globalization?

a) Environmental despoliation through toxic and pesticides runoffs into rivers and oceans.

b) Air pollution from factory and vehicle emissions

c) Growing income inequality and threats to national sovereignty

d) All the above

5) Offshoring is:

a) Good because it reduces costs.

b) Bad because people exchange good jobs for bad ones.

c) Few people have benefited from the offshoring that accompanies globalization, considering all of Africa, central Asia, and much of Latin America.

d) Enables poor country to produces for exporting, promoting economic growth on those places.

e) All the above

4) Globalization is:

a) It is a new stage of capitalism.

b) Brings interdependence among people from different countries.

c) It is a process chosen by each company whether or not they want to enter.

d) It is a physical and sociological movement that happens all over the world.

5) Globalization is process that happens all over the world. Choose the most globalized:

e) South Africa, Lithuania, and Costa Rica

f) Argentina, Kenya, and Italy

g) Ireland, Singapore, and Netherlands

h) Switzerland, Egypt, and India

6) When did globalization start and when did it get stronger?

e) It started after the WWII and it got stronger when it was built the Berlin Wall in Germany.

f) It started with the discovery of internet and it spreaded out after UN’s birth.

g) It started during American independence and it strengthens after the industrial revolution.

h) It started during XVI century and it gained strength after bilateral and multilateral agreements and treaties.

4) What are the criticisms made to globalization?

a) Environmental despoliation through toxic and pesticides runoffs into rivers and oceans.

b) Air pollution from factory and vehicle emissions

c) Growing income inequality and threats to national sovereignty

d) All the above

5) Offshoring is:

a) Good because it reduces costs.

b) Bad because people exchange good jobs for bad ones.

c) Few people have benefited from the offshoring that accompanies globalization, considering all of Africa, central Asia, and much of Latin America.

d) Enables poor country to produces for exporting, promoting economic growth on those places.

e) All the above

1. Globalization is the process of:

a.) the growing interdependence among countries

b.) destroying the world

c.) China and India's plan for world domination

d.) taking jobs in one country and placing in them in another country

2. Critics of globalization claim:

a.) countries lose sovereignty.

b.) The resultant growth hurts the environment

c.) Some people lose, both relatively and absolutely

d.) all of the above

3. Why do companies engage in International Business:

a.) To expand sales

b.) To acquire resources

c.) To minimize risk

d.) All of the above

4. Foreign sources may give companies:

a.) Lower costs

b.) New or better products

c.) Additional opperating knowlegde

d. All of the above

5. A form of service import/export is/are:

a.) Toursim and transportation

b.) Performance of services

c.) Use of assests

d.) all of the above

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