International Business: The New Realities 5th edition by S Tamer Cavusgil test bank
International Business: The New Realities, 5e (Cavusgil)
Chapter 1 Introduction: What Is International Business?
1) International business is defined as the performance of ________ activities by firms across national borders.
A) marketing and fiduciary
B) trade and investment
C) finance and operational
D) accounting and auditing
Answer: B
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
2) International business is also known as which of the following?
A) born global business
B) laissez-faire business
C) cross-border business
D) multi-hub business
Answer: C
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
3) Which of the following best characterizes the development of international business?
A) It has existed in some form for centuries.
B) It first started in Europe.
C) It developed after the year 2000.
D) Its development has slowed in recent years.
Answer: A
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
4) A few decades ago, international business was largely the domain of ________.
A) service firms
B) multinational firms
C) smaller firms
D) all of the these
Answer: B
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
5) Which of the following is another term for importing?
A) capital investment
B) supply side development
C) global sourcing
D) unilateral procurement
Answer: C
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
6) Which of the following is subject to importing and exporting?
A) both finished products and intermediate goods
B) finished products but not intermediate goods
C) intermediate goods but not raw materials
D) raw materials and components, but not finished products
Answer: A
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
7) ________ refers to the transfer of assets to another country or the acquisition of assets in that country.
A) International investment
B) International trade
C) Importing
D) Exporting
Answer: A
Diff: 1: Easy
Skill: Concept
Objective: 1-1: Describe the key concepts in international business
AACSB: Application of Knowledge
8) Each of the following represents a factor of production EXCEPT ________.
A) manufacturing infrastructure
B) technology
C) government regulations
D) managerial talent
Answer: C
Diff: 2: Moderate