International Business and Money Summary (all-inclusive) [211581] 2023
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B - -1) Which of the following could be considered a major reason that a city would want to host the Olympic Games? A) to prevent the economic growth of competing nations B) the long-term benefits of ... tourism C) to test the capacity of national infrastructure D) to promote international harmony -D - -2) Which of the following would be considered an international business transaction? A) purchasing products in one country and assembling them in the same country B) recruiting employees internationally C) borrowing money from a major bank to finance capital improvements D) shipping finished products from one country to another for retail sale -D - -3) The Internet has helped small businesses compete in global markets because it ________. A) allows them to establish a physical presence in each country B) avoids transactions involving foreign exchange C) eliminates price controls D) reduces entry costs -C - -4) According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries? A) cultural distance B) administrative distance C) geographic distance D) economic distance -C - -5) Individuals should most likely study international business to ________. A) comply with graduate school certification requirements B) ensure that an employer has a global online presence C) remain current on the latest business methods D) obtain bilingual business experience [Show More]
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