1. Which of the following might qualify as a Global (standard) Product:

A.

A banana

B.

A cup of coffee

C.

A hamburger

D.

A toothpaste

5 points

QUESTION 2

1. Which of the following is not a prime reason why international business differs from domestic business.

A.

The legal systems are different in different countries

B.

Countries use different currencies

C.

Countries may have different resources available

D.

Different cultures may cause differences in how people behave

E.

The ingredients for manufacturing the product may differ

5 points

QUESTION 3

1. When a French company sets up a plant in Algeria and manages the operations, it is an example of:

A.

Portfolio investment

B.

Institutional investment

C.

Franchising

D.

Foreign direct investment

E.

Joint venture

5 points

QUESTION 4

1. A firm following a multi-domestic strategy is an MNC that:

A.

Has a standard product that it sells in different countries

B.

Treats its operations in different countries as independent of each other

C.

Sees the world as a common marketplace

D.

Coordinates the activities of its different operating subsidiaries

5 points

QUESTION 5

1. The following are major reasons for the growth of international business except :

A.

Expanding the market

B.

Competition from rivals

C.

Need for resources

D.

Availability of assets

E.

Domestic policies

5 points

QUESTION 6

1. By expansion through greenfield investment, we refer to:

A.

Companies that investment in a sustainable technologies

B.

Companies that acquire a firm in another country

C.

Companies that set up business from scratch in another country

D.

Companies that merge with investment companies

5 points

QUESTION 7

1. A U.S. company builds a plant in Vietnam to take advantage of cheaper labor cost. This is a part of the international business activities of the company.

True

False

5 points

QUESTION 8

1. When a firm gets a part of its components or assembly made outside the country, this is called:

A.

Outsourcing

B.

Off-shoring

C.

Module supply

D.

Logistics

E.

Supplier contracting

5 points

QUESTION 9

1. To what does Oxfam, the British NGO, attribute the dominance of American cotton growers?

A.

Unacceptable labor practices long engrained in the production of cotton.

B.

Technological advantages in the production of cotton.

C.

The skills of American farmers to collect subsidies.

D.

The US cotton producers special relationship with China.

5 points

QUESTION 10

1. The author argues that:

A.

Oxfam is correct in its assertion about US cotton producers.

B.

That cotton producers in the US have been lucky.

C.

That the answer is far more intricate than what Oxfam’s findings suggest.

D.

That subsidies are essential.

5 points

QUESTION 11

1. Prior to the 1790’s the largest cotton producers were located in:

A.

The US South.

B.

Asia including India.

C.

North Africa.

D.

South America.

5 points

QUESTION 12

1. Over time the centres of dominance of the textile industry shifted geographically. Why is this?

A.

Better mills.

B.

Labor Costs.

C.

Proximity to cotton production regions.

D.

Warm weather.

5 points

QUESTION 13

1. Early observers of household textile production in China noted both the self-sufficiency and the flexibility of this production system.

Discuss how these seemingly positive attributes might actually hamper commercial development.

QUESTION 14
1. The smartphone is now ubiquitous around the world. Explain how it has impacted each of the five domains in our globalization system. Describe the interaction between any two domains.

1.

Which of the following might qualify as a Global (

standard

) Product:

A.

A banana

B.

A cup of coffee

C.

A hamburger

D.

A toothpaste

5

points

QUESTION 2

1.

Which of the following is

not

a prime reason why international business

differs from domestic business.

A.

The legal systems are different in different countries

B.

Countries use different currencies

C.

Countries may have different resources available

D.

Different cultures may cause differences in how people behave

E.

The ingredients for manufacturing the product may differ

5

points

QUESTION 3

1.

When a French company sets up a plant in Algeria and manages the

operations, it is an example of:

A.

Portfolio investment

B.

Institutional investment

C.

Franchising

D.

Foreign direct investment

E.

Joint venture

5

point

s

QUESTION 4

1.

A firm following a multi

–

domestic strategy is an MNC that:

A.

Has a standard product that it sells in different countries

B.

Treats its operations in different countries as independent of each

1. Which of the following might qualify as a Global (standard) Product:

A.

A banana

B.

A cup of coffee

C.

A hamburger

D.

A toothpaste

5 points

QUESTION 2

1. Which of the following is not a prime reason why international business

differs from domestic business.

A.

The legal systems are different in different countries

B.

Countries use different currencies

C.

Countries may have different resources available

D.

Different cultures may cause differences in how people behave

E.

The ingredients for manufacturing the product may differ

5 points

QUESTION 3

1. When a French company sets up a plant in Algeria and manages the

operations, it is an example of:

A.

Portfolio investment

B.

Institutional investment

C.

Franchising

D.

Foreign direct investment

E.

Joint venture

5 points

QUESTION 4

1. A firm following a multi-domestic strategy is an MNC that:

A.

Has a standard product that it sells in different countries

B.

Treats its operations in different countries as independent of each