ITB 305 Midterm Exam Latest Strayer

Course: International Business Environment

Test: Midterm Exam Part 1

Instructions: This exam consist of 25 multiple choice questions and covers the material in chapters 1 through 3.

Question 1: In order to answer the question: “What determines the success and failures of firms around the globe?,” the author introduces which two core perspectives?

Question 2: The pendulum view of globalization is embraced by:

Question 3: Which of the following definitions best defines an expatriate manager?

Question 4: Why study global business?

Question 5: The ____-based view suggests that the formal and informal rules of the game, known as institutions, shed a great deal of light on what is behind firm performance around the globe.

Question 6: ____ is/are measured as the sum of value added by resident firms, households, and government operating in an economy.

Question 7: Which expression does the author use to describe contemporary globalization?

Question 8: Which of the following terms best describes foreign direct investment?

Question 9: The ____-based view suggests that in order to achieve remarkable success, a firm must possess some very rare and powerful firm-specific resources and capabilities that are the envy of their rivals around the globe.

Question 10: Civil law is derived from:

Question 11: More than 80 countries practice:

Question 12: The government taking a “hands-off approach” is known as:

Question 13: The world’s largest democracy is:

Question 14: ____ refers to the internalized, taken-for-granted values and beliefs that guide individual and firm behavior.

Question 15: Political risk is associated with political changes that may negatively impact domestic and foreign firms. Which statement about political risk is correct?

Question 16: ____ had been embraced throughout Central and Eastern Europe and the former Soviet Union until the late 1980s.

Question 17: The main supportive pillar(s) for informal institutions is/are:

Question 18: A term that seeks to find middle ground between cultural divergence and convergence is:

Question 19: Which of the following is NOT one of the three “middle-of-the-road” guiding principles proposed by business ethicist Thomas Donaldson?

Question 20: Which of the following is the largest religion in the world based on number of adherents?

Question 21: Which of the following is a factor behind English being accepted as the global business language?

Question 22: Which of the following set of clusters includes ALL countries?

Question 23: Which of the following countries can be defined as a high-context culture?

Question 24: Which of the following is not one of the five dimensions outlined in the Dimensions Approach?

Question 25: Which of the following dimensions does NOT accurately describe the majority firms in the United States?

Test: Midterm Exam Part 2

Instructions: This exam consist of 25 multiple choice questions and covers the material in chapters 4 through 6.

Question 1: The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is also called:

Question 2: Which of the following is NOT a tangible asset?

Question 3: Which of the following are the four focal points of the resource-based view?

Question 4: The difficulty of identifying the causal determinants of successful firm performance is also called:

Question 5: When US firms offshore to India, how much do they save on each dollar invested?

Question 6: An examination as to whether a firm has the resources and capabilities to perform a particular activity in a manner superior to competitors is:

Question 7: Setting up subsidiaries abroad when the work is done in-house only at the foreign location is also called:

Question 8: Which of the following is the implication for action based on the information in this chapter?

Question 9: The socially intricate and interdependent ways that firms are typically organized may be called:

Question 10: ____ are restrictions on the quantity of goods brought into a country.

Question 11: A policy to assist strategic advantage is known as:

Question 12: Which of the following is a comparative advantage strength?

Question 13: As a major tariff barrier, a(n) ____ is a tax imposed on imports.

Question 14: The birth of modern economics and the forerunner of the free trade movement are strengths and influences of:

Question 15: Political arguments against free trade include:

Question 16: The relative advantage in one economic activity that one nation enjoys in comparison with other nations is known as:

Question 17: An economic theory that accounts for changes in the patterns of trade over time is known as:

Question 18: What is a sovereign wealth fund?

Question 19: Between the 1950s and the early 1980s, the radical view was influential throughout:

Question 20: A political view that approves FDI only when its benefit outweighs its costs is known as:

Question 21: ____ suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantage by specializing in the production of certain goods or services.

Question 22: Knowledge that can be written down and transferred without losing much of its richness is known as:

Question 23: Costs of FDI to home countries primarily center on:

Question 24: A type of FDI in which firms move upstream or downstream in different value chain stages in a host county is identified as:

Question 25: The share of FDI-based value added of foreign affiliates of MNEs in world GDP:

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ITB 305 Midterm Exam Latest Strayer

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ITB 305 Midterm Exam Latest Strayer