Quiz 1 BUSA 3000 Sep.19.17.docx - 1 International business is also known as cross-border business 2 International business is defined as the performance

Quiz 1 BUSA 3000 Sep.19.17.docx - 1 International business...

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1.International business is also known as 2.International business is defined as the performance of trade and investmentactivities by firms across national border. 3.Which of the following is subject to importing and exporting: 4.The total value of product and services produced in a country over the course in a year is 5.The first phase of globalization was characterized by the . 6.The second phase of globalization began around 1900 and was associated with the rise 7.The third phase of globalization was triggered by the end of World War 2 . 8.The fourth phase of globalization is characterized by 9. Early multinationals from the third phase of globalization originated in Japan . 10. A value chain is t he sequence of value-adding activities performed by a firm in the course of developing, producing, marketing, and servicing a product. 11. Acculturation is the process of adjudging and adapting to a culture other than one’s own 12. With regard to the iceberg concept of culture, conversational patterns is the most deeply embedded.
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