Quiz Chapter 1 2

Quiz Chapter 1
Chapter 1 –
Q1. The interpersonal norms of a country may necessitate a company’s alteration of __?
A. Child Labor
B. Operations
C. Accounting
D. None of the above
E. All of the above
Answer: B
Q2. Which of the following terms are not synonymous with the others?
A. MNE
B. MNC
C. MNM
D. TNC
Answer: C
Q3. Foreign sources may give companies?

A. Higher costs
B. New and/or better products
C. Conflicting operating knowledge
D. Legal problems
Answer: B
Q4. A major operating objective that may induce companies to engage in international
business is _____?
A. To expand sales
B. To maximize risk
C. To acquire competitors
D. None of the above
Answer: A
Q5. Critics of globalization claim _______?

A. Countries lose sovereignty
B. The resultant growth hurts the environment
C. Some people lose in both aspects
D. All of the above
Answer: D
1.) All of the following are objectives of international business operations except for:
a) sales expansion
b) resource acquisition
c) locally expanding
d) risk minimization
Correct Answer: C
2.) Globalization consists of the following processes except:

a) political process
b) environmental process
c) social process
d) economic process
Correct Answer: B
3.) Which of the following is a criticism of globalization?

a) going into someone’s country uninvited
b) different climates in other countries get in the way
c) terrorist opportunities
d) threat to national sovereignty
Correct Answer: D
4.) To minimize your risk you can:

a) diversify suppliers across countries
b) take advantage of business cycle differences amongst countries
c) a&b
d) none of the above
Correct Answer: C
5.) Which of the following is a mode of entry for expanding internationally?

a) Licensing agreements
b) talk to someone about your ideas
c) think about it for a while
d) try to achieve popularity locally
1) Globalization is:
a) It is a new stage of capitalism.
b) Brings interdependence among people from different countries.
c) It is a process chosen by each company whether or not they want to enter.
d) It is a physical and sociological movement that happens all over the world.
2) Globalization is process that happens all over the world. Choose the most
globalized:
a) South Africa, Lithuania, and Costa Rica
b) Argentina, Kenya, and Italy
c) Ireland, Singapore, and Netherlands
d) Switzerland, Egypt, and India
3) When did globalization start and when did it get stronger?
a) It started after the WWII and it got stronger when it was built the Berlin Wall in
Germany.
b) It started with the discovery of internet and it spreaded out after UN’s birth.
c) It started during American independence and it strengthens after the industrial

revolution.
d) It started during XVI century and it gained strength after bilateral and multilateral
agreements and treaties.
4) What are the criticisms made to globalization?
a) Environmental despoliation through toxic and pesticides runoffs into rivers and
oceans.
b) Air pollution from factory and vehicle emissions
c) Growing income inequality and threats to national sovereignty
d) All the above
5) Offshoring is:
a) Good because it reduces costs.
b) Bad because people exchange good jobs for bad ones.
c) Few people have benefited from the offshoring that accompanies globalization,
considering all of Africa, central Asia, and much of Latin America.
d) Enables poor country to produces for exporting, promoting economic growth on

those places.
e) All the above

4) Globalization is:
a) It is a new stage of capitalism.
b) Brings interdependence among people from different countries.
c) It is a process chosen by each company whether or not they want to enter.
d) It is a physical and sociological movement that happens all over the world.
5) Globalization is process that happens all over the world. Choose the most
globalized:
e) South Africa, Lithuania, and Costa Rica
f) Argentina, Kenya, and Italy
g) Ireland, Singapore, and Netherlands
h) Switzerland, Egypt, and India
6) When did globalization start and when did it get stronger?
e) It started after the WWII and it got stronger when it was built the Berlin Wall in
Germany.
f) It started with the discovery of internet and it spreaded out after UN’s birth.
g) It started during American independence and it strengthens after the industrial

revolution.
h) It started during XVI century and it gained strength after bilateral and multilateral
agreements and treaties.
4) What are the criticisms made to globalization?
a) Environmental despoliation through toxic and pesticides runoffs into rivers and
oceans.
b) Air pollution from factory and vehicle emissions
c) Growing income inequality and threats to national sovereignty
d) All the above
5) Offshoring is:
a) Good because it reduces costs.
b) Bad because people exchange good jobs for bad ones.
c) Few people have benefited from the offshoring that accompanies globalization,
considering all of Africa, central Asia, and much of Latin America.
d) Enables poor country to produces for exporting, promoting economic growth on

those places.
e) All the above

1. Globalization is the process of:
a.) the growing interdependence among countries

b.) destroying the world
c.) China and India's plan for world domination
d.) taking jobs in one country and placing in them in another
country
2. Critics of globalization claim:
a.) countries lose sovereignty.

b.) The resultant growth hurts the environment
c.) Some people lose, both relatively and absolutely
d.) all of the above
3. Why do companies engage in International Business:
a.) To expand sales

b.) To acquire resources
c.) To minimize risk
d.) All of the above
4. Foreign sources may give companies:
a.) Lower costs

b.) New or better products
c.) Additional opperating knowlegde
d. All of the above
5. A form of service import/export is/are:
a.) Toursim and transportation

b.) Performance of services
c.) Use of assests
d.) all of the above

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Quiz Chapter 1

Q3. Foreign sources may give companies?

Q5. Critics of globalization claim _______?

2.) Globalization consists of the following processes except:

3.) Which of the following is a criticism of globalization?

4.) To minimize your risk you can:

5.) Which of the following is a mode of entry for expanding internationally?

b) Brings interdependence among people from different countries.

c) It is a process chosen by each company whether or not they want to enter.

a) South Africa, Lithuania, and Costa Rica

b) Argentina, Kenya, and Italy

c) Ireland, Singapore, and Netherlands

d) Switzerland, Egypt, and India

3) When did globalization start and when did it get stronger?

c) It started during American independence and it strengthens after the industrial

4) What are the criticisms made to globalization?

b) Air pollution from factory and vehicle emissions

c) Growing income inequality and threats to national sovereignty

d) All the above

a) Good because it reduces costs.

b) Bad because people exchange good jobs for bad ones.

d) Enables poor country to produces for exporting, promoting economic growth on

e) All the above

b) Brings interdependence among people from different countries.

c) It is a process chosen by each company whether or not they want to enter.

e) South Africa, Lithuania, and Costa Rica

f) Argentina, Kenya, and Italy

g) Ireland, Singapore, and Netherlands

h) Switzerland, Egypt, and India

6) When did globalization start and when did it get stronger?

g) It started during American independence and it strengthens after the industrial

b) Air pollution from factory and vehicle emissions

c) Growing income inequality and threats to national sovereignty

d) All the above

a) Good because it reduces costs.

b) Bad because people exchange good jobs for bad ones.

d) Enables poor country to produces for exporting, promoting economic growth on

e) All the above

a.) the growing interdependence among countries

2. Critics of globalization claim:

a.) countries lose sovereignty.

3. Why do companies engage in International Business:

a.) To expand sales

4. Foreign sources may give companies:

a.) Lower costs

a.) Toursim and transportation

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