International business
International Business: The New Realities, 2e (Cavusgil/Knight/Riesenberger)
Chapter 1 Introduction: What Is International Business?
1) International business is primarily carried out by individual companies.
Answer: TRUE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.
Answer: FALSE
Diff: 2 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
3) International business today is predominantly the domain of large, multinational companies.
Answer: FALSE
Diff: 2 Page Ref: 13
Skill: Concept
Objective: 1-4
AACSB: Dynamics of the global economy
4) Exporting is an entry strategy involving the sale of products or services to customers located abroad.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
5) A country's economic assets are also known as factors of production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
6) The two primary types of international investment are portfolio investment and foreign direct investment.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
7) Over the last few decades, export activity by nations has grown more quickly than has domestic production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
8) In the past, international trade and investment activities were mainly conducted by companies that sold services.
Answer: FALSE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
9) Services are the fastest growing sector in international trade.
Answer: TRUE
Diff: 2 Page Ref: 8
Skill: Concept
Objective: 1-2
AACSB:
Chapter 1 Introduction: What Is International Business?
1) International business is primarily carried out by individual companies.
Answer: TRUE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.
Answer: FALSE
Diff: 2 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
3) International business today is predominantly the domain of large, multinational companies.
Answer: FALSE
Diff: 2 Page Ref: 13
Skill: Concept
Objective: 1-4
AACSB: Dynamics of the global economy
4) Exporting is an entry strategy involving the sale of products or services to customers located abroad.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
5) A country's economic assets are also known as factors of production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
6) The two primary types of international investment are portfolio investment and foreign direct investment.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
7) Over the last few decades, export activity by nations has grown more quickly than has domestic production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
8) In the past, international trade and investment activities were mainly conducted by companies that sold services.
Answer: FALSE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy
9) Services are the fastest growing sector in international trade.
Answer: TRUE
Diff: 2 Page Ref: 8
Skill: Concept
Objective: 1-2
AACSB: