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International Business, 13e (Daniels/Radebaugh/Sullivan) Chapter 1 Globalization and International Business 1) The broadening set of interdependent relationships among people from different parts of the world is known as ________. A) globalization B) offshoring C) franchising D) outsourcing Answer: A Diff: 1 Page Ref: 5 Skill: Concept Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them? AACSB: Multicultural and Diversity 2) The term globalization is sometimes used to mean the ________. A) movement of jobs to high-wage countries B) business being undertaken outside the confines of any nation C) uneven distribution of resources and this distribution's influence on different products and services in different parts of the world D) integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people Answer: D Diff: 1 Page Ref: 5 Skill: Concept Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them? AACSB: Multicultural and Diversity 3) Which of the following best defines international business? A) It includes all public economic flows between two or more countries. B) It includes all private economic flows between two or more countries. C) It includes all business transactions involving two or more countries, whether the transactions are conducted by private or governmental organizations. D) It includes all business transactions in countries other than your home country. Answer: C Diff: 1 Page Ref: 5 Skill: Concept Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them? 1 Copyright © 2011 Pearson Education, Inc. 4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business?... View Full Document

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