International Business Essay

7019 Words29 Pages
International Business, 2e (Cavusgil et al.) PIV Chapter 1 Introduction: What Is International Business? 1) International business is primarily carried out by individual companies. Answer: TRUE Diff: 1 Page Ref: 40 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: 40 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: 49 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: 41 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: 41 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: 41 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: 41 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: 40 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: 44 Skill: Concept Objective: 1-2
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