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BA 400 Test 1 Wild, Wild, & Han 5th ed.

BA 400 Test 1 Wild, Wild, & Han 5th ed. - Test One BA...

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Test One BA 400 International Business Wild, Wild, & Han 5 th ed. Each item counts 2.5 points; make an attempt at every question since partial credit is possible. Choose the best possible answer for each question. 1. True or False Circle one. Internationalization and globalization mean the same thing. F 2. International business is C a. the trade of goods. b. power brokering between nations. c. any commercial transaction that crosses the borders of two or more nations. d. the entrepreneurial importing of services. 3. How is internationalization affecting each of us? a. Outsourcing is sending all jobs offshore to take advantage of cheaper labor. b. It is changing our ideas about how business is done like outsourcing, innovation, emerging markets, competitive advantage, and social responsibility in unfamiliar international contexts. 1
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c. Goods and services that we encounter every day are more often now made outside the U.S. d. B & C 4. Globalization of markets offers benefits to organizations. What are they? B 5. The World Trade Organization (WTO) is the international organization that enforces the rules of international trade. What are the three main goals of the WTO? Settle trade disputes between its members, help the free flow of trade and help negotiate the openings of markets 6. What factors make some countries more global than others? E 2
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7. What are the two main forces that are increasing competition among nations by leveling the global business playing field? A a. ethical decision making and tightening of technology security b. increased world-wide tariff agreements and simple facilities planning c. falling barriers to trade and investment as well as technological innovation 8. True or False Circle one. One half the world’s population is found in the least-globally integrated nations of Africa, East Asia, South Asia, Latin America, and the Middle East. Global integration is characterized by connection through technology. T 9. What are the main purposes of the International Monetary Fund (IMF)? E 3
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