First Exam - Chapter 01 Multiple Choice Questions 1 Of all...

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Chapter 01 Multiple Choice Questions 1. Of all the events and trends affecting global business today, four stand out as the most dynamic. Which of the following would be one of those events? A. The trend toward buying American cars in Europe. B. The trend toward the acceptance of the free market system among developing countries. C. The trend toward using English as the global language. D. The trend toward establishing a world currency. E. The trend toward worldwide instant communication. 2. All of the following events and trends are among the four major trends described in the chapter as having a major impact or effect on global business EXCEPT: A. the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe. B. the rapid growth of the World Trade Organization and regional free trade areas such as NAFTA and the European Union. C. the burgeoning impact of the Internet and other global media on the dissolution of national borders. D. the trend toward decreasing OPEC profits as oil reserves decline in the 21st century. E. the mandate to properly manage the resources and global environment for the generations to come. 3. Which of the following is NOT TRUE of the impact of globalization on domestic markets? A. Study of manufacturing companies found that multinationals of all sizes and in all industries outperformed their strictly domestic U.S. counterparts. B. Profit levels from international ventures exceed those from domestic operations for many multinational firms. C. On average, firm value is increased by global diversification. D. Companies with foreign operations find that foreign earnings are making an important overall contribution to total corporate profits. E. Companies with only domestic markets have found it relatively easy to sustain their customary rates of growth. 4. _____ is the performance of business activities designed to plan, price, promote, and direct the flow of a company's goods and services to consumers or users in more than one nation for a profit. 5. Which of the following is the most critical difference between domestic marketing and international marketing?
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