Business > EXAM > BUS 480 INTERNATIONAL BUSINESS STUDY GUIDE QUESTIONS WITH ANSWERS LATEST UPDATE (All)

BUS 480 INTERNATIONAL BUSINESS STUDY GUIDE QUESTIONS WITH ANSWERS LATEST UPDATE

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BUS 480 INTERNATIONAL BUSINESS STUDY GUIDE QUESTIONS WITH ANSWERS LATEST UPDATE Chapter 1 Globalization 1) As a result of globalization, we have been moving toward a world in which national economi... es are relatively self-contained entities. Answer: FALSE 2) To truly benefit from globalization, a firm needs to be a multinational conglomerate rather than a small or mid-size company. Answer: FALSE 3) In today's marketplace, outsourcing efforts are confined to manufacturing activities. Answer: FALSE 4) The World Trade Organization, the International Monetary Fund and its sister institution the World Bank, and the United Nations were all created by voluntary agreement between individual nation-states. Answer: TRUE 5) The WTO polices the world trading system, and without this organization, the globalization of markets might not be where it is today. Answer: TRUE 6) Foreign direct investment (FDI) occurs when a firm invests resources in business activities outside its home country. Answer: TRUE 7) The retaliatory trade policies of the 1920s and 1930s contributed to the Great Depression. Answer: TRUE 8) The Uruguay Round extended GATT to cover services as well as manufactured goods. Answer: TRUE 9) Enhanced protection for patents and trademarks was one focus of the Uruguay Round. Answer: TRUE 10) The lowering of trade and investment barriers creates more opportunities for companies to have the world as their market. Answer: TRUE 11) In recent years, the economies of the world's nation-states have become less intertwined as a result of international trade. Answer: FALSE 12) The United Nations created the Millennium Development Goals to increase the number of entrepreneurial activities around the world. Answer: FALSE 13) Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances. Answer: TRUE 14) Moore's law helps determine the most appropriate transportation method for a produced good. Answer: FALSE15) During the 1960s, centrally planned economies associated with the communist world became open to Western international businesses. Answer: FALSE 16) The stock of foreign direct investment refers to the total cumulative value of foreign investments. Answer: TRUE 17) Throughout the 1990s, the amount of investment directed at both developed and developing nations increased dramatically. Answer: TRUE 18) A domestic enterprise is any business that has productive activities in at least two [Show More]

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