test 1 review part 1

Question 1

The operations of a company outside its home or domestic market

Answer 1

Foreign Business

Question 2

Business that is carried out across national borders

Answer 2

International Business

Question 3

According to the text, an international business is
A.
a company that exports.

B.
a company that has foreign direct investment.

C.
a company with both exports and foreign direct investment.

D.
a company with operations in multiple nations.

E.
a company from a foreign country.

Answer 3

D. a company with operations in multiple nations.

Question 4

International business differs from domestic business in that a firm operating across borders must deal with which of the following additional environmental forces?
A.
Geographic

B.
Foreign

C.
Political

D.
Competitive

E.
Sociocultural
B

Answer 4

B. Foreign

Question 5

Foreign business denotes
A.
a business whose activities involve crossing national borders.

B.
business conducted within a foreign country.

C.
an organization with multicountry affiliates.

D.
an organization that attempts to standardize operations worldwide.

E.
a business with operations in multiple nations.
B

According to the text, a

Answer 5

B.business conducted within a foreign country.

Question 6

Examples of the kinds of uncontrollable forces listed in the text are each of the following except
A.
economic.

B.
sociocultural.

C.
marketing.

D.
labor.

E.
technological.

Answer 6

C.
marketing.