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International Business: The Challenges of Globalization, 7e (Wild)
Chapter 1 Globalization
1) International business is any commercial transaction that crosses the borders of two or more
nations.
Answer: TRUE
AACSB: Dynamics of the global economy
Skill: Concept
Objective: 2
Difficulty: Easy
Course LO: Define the fundamental concepts of international business
2) Imports are goods and services purchased abroad and brought into a country.
Answer: TRUE
AACSB: Dynamics of the global economy
Skill: Concept
Objective: 2
Difficulty: Easy
Course LO: Discuss the roles of exporting, importing, and countertrade in international business
3) Multinational corporations (MNCs) have direct investments abroad in multiple countries.
Answer: TRUE
AACSB: Dynamics of the global economy
Skill: Concept
Objective: 1
Difficulty: Easy
Course LO: Define the fundamental concepts of international business
4) A born global firm is a company that engages in international business from or near its
inception.
Answer: TRUE
AACSB: Dynamics of the global economy
Skill: Concept
Objective: 1
Difficulty: Easy
Course LO: Define the fundamental concepts of international business
5) The term "globalization of production" refers to convergence in buyer preferences in markets
International Business The Challenges of Globalization 7e John Wild Kenneth Wild All Chapters, Original , Complete And Study material 594pages LEARNEXAMS
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