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Test Bank For International Business A Managerial Perspective 9th Edition Ricky W Griffin Mike W Pustay
Test Bank For International Business A Managerial Perspective 9th Edition Ricky W Griffin Mike W Pustay
Test Bank For International Business A Managerial Perspective 9th Edition Ricky W Griffin Mike W Pustay
Griffi
6) Business transactions between parties from more than one country are known as international
business.
Answer: TRUE
Diff: 1
Skill: Concept
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
8) Small businesses are usually not involved in international business given the cost restrictions.
Answer: FALSE
Diff: 2
Skill: Concept
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
9) The growth of FDI and MNCs first started during the American colonial period.
Answer: TRUE
Diff: 2
2
Copyright © 2020 Pearson Education, Inc.
Skill: Concept
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
3
Copyright © 2020 Pearson Education, Inc.
10) How are the Olympic Games symbolic of international business?
Answer: The Olympics reflect an intense version of international business. Cities compete with
each other to host the games because hosting the Olympics brings recognition and publicity to
the city just as it does to a company brand name. In addition, the city benefits from increased
travel, tourism, and investment by businesses supporting the Olympic games.
Diff: 3
Skill: Critical Thinking
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
11) How does international business differ from domestic business? Why is it important for
business students to learn about international business?
Answer: Domestic business involves transactions that occur within a single country, while
international business involves transactions that cross national borders. Students should learn
about IB because most large firms have global operations and many small firms are expanding
into the international arena.
Diff: 3
Skill: Synthesis
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
12) International business differs from domestic business in several ways. Identify at least three
of these differences and describe their implications for companies.
Answer: The countries involved may use different currencies, requiring currency conversion and
introducing exchange rate risk. Because the legal systems are different, one or more parties must
adjust their practices to comply with local laws. Cultural differences and the availability of
resources affects production of various items and production methods.
Diff: 3
Skill: Synthesis
LO: 1.1: Discuss the meaning of international business.
AACSB: Application of Knowledge
13) The Internet has helped small businesses compete in global markets because it ________.
A) allows them to establish a physical presence in each country
B) avoids transactions involving foreign exchange
C) eliminates price controls
D) reduces entry costs
Answer: D
Diff: 2
Skill: Concept
LO: 1.2: Explain the importance of understanding international business.
AACSB: Application of Knowledge
4
Copyright © 2020 Pearson Education, Inc.
14) According to the CAGE Model, which of the following refers to the physical,
communications, and transportation links between countries?
A) cultural distance
B) administrative distance
C) geographic distance
D) economic distance
Answer: C
Diff: 2
Skill: Concept
LO: 1.2: Explain the importance of understanding international business.
AACSB: Application of Knowledge
16) Which of the following has most likely triggered the increase of small businesses involved in
international business?
A) e-commerce
B) economic recession
C) foreign-made materials
D) increased cultural literacy
Answer: A
Diff: 2
Skill: Concept
LO: 1.2: Explain the importance of understanding international business.
AACSB: Application of Knowledge
5
Copyright © 2020 Pearson Education, Inc.
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Naturalization and Allegiance.
DEMOCRATIC. REPUBLICAN.
DEMOCRATIC. REPUBLICAN.
Honest reform in the Civil Service The men who abandoned the
has been inaugurated and Republican party in 1884 and continue
maintained by President Cleveland, to adhere to the Democratic party have
and he has brought the public service deserted not only the cause of honest
to the highest standard of efficiency, government, of sound finance, of
not only by rule and precept, but by freedom and purity of the ballot, but
the example of his own untiring and especially have deserted the cause of
unselfish administration of public reform in the civil service. We will not
affairs. fail to keep our pledges because they
have broken theirs or because their
candidate has broken his. We therefore
repeat our declaration of 1884, to wit:
“The reform of the Civil Service,
auspiciously begun under the
Republican administration should be
completed by the further extension of
the reform system already established
by law to all the grades of the service to
which it is applicable. The spirit and
purpose of the reform should be
observed in all executive appointments,
and all laws at variance with the object
of existing reform legislation should be
repealed, to the end that the dangers to
free institutions which lurk in the
power of official patronage may be
wisely and effectively avoided.”
Pensions, Etc., 1888.
DEMOCRATIC. REPUBLICAN.
While carefully guarding the interest The gratitude of the nation to the
to the principles of justice and equity, defenders of the Union cannot be
it has paid out more for pensions and measured by laws. The legislation of
bounties to the soldiers and sailors of Congress should conform to the pledge
the Republic than was ever paid out made by a loyal people, and be so
during an equal period. enlarged and extended as to provide
against the possibility that any man
who honorably wore the Federal
uniform shall become an inmate of an
almshouse, or dependent upon private
charity. In the presence of an
overflowing treasury it would be a
public scandal to do less for those
whose valorous service preserved the
Government. We denounce the hostile
spirit shown by President Cleveland in
his numerous vetoes of measures for
pension relief, and the action of the
Democratic House of Representatives
in refusing even a consideration of
general pension legislation.
DEMOCRATIC. REPUBLICAN.