International Business Opportunities and Challenges Study Set 2

Business

Quiz 1 :

Introduction

Quiz 1 :

Introduction

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Globalization is fueled largely by declining trade and investment barriers and new technologies, such as the Internet.
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True False
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True

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Google locates its computer-server farms close to wind farms that produce power because it is one of the cheapest sources of electricity.
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True False
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False

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International transfers of resources, such as people, intellectual property, and contractual assets or liabilities, do not form a part of international business.
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True False
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False

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The government of any country is generally not considered to be a stakeholder in any business venture.
True False
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Many people consider globalization a modern phenomenon, but according to Friedman, this is its third stage.
True False
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The greater the level of standardization in operations, both within and across markets, the greater is the possibility of global efficiency.
True False
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Globalization can be defined only in terms of markets but not in terms of production.
True False
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A stakeholder refers to a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.
True False
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Strategic management is mainly concerned with the determinants of a firm's performance.
True False
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Stakeholder analysis refers to the recognition of opportunities and the use of resources to implement innovative ideas for new, thoughtfully planned ventures.
True False
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International business relates to any situation where the production or distribution of goods or services crosses country borders.
True False
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International business would not be relevant to an organization if it only produced and sold its products in one country.
True False
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Foreign direct investment means that a firm is investing assets directly into a foreign country's buildings, equipment, or organizations.
True False
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Global business professionals conduct stakeholder analysis in order to understand how operations in different countries impact the overall corporate strategy.
True False
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The knowledge of both strategic management and entrepreneurship enhances one's understanding of international business.
True False
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The second stage of global development began with advances in global electronic interconnectivity that allowed individuals to communicate as never before.
True False
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The social or environmental performance of an organization is irrelevant as long as it is earning profits.
True False
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The flat-world view is largely credited to Milton Friedman.
True False
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A business can be a person or organization engaged in commerce with the aim of achieving a profit.
True False
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The first stage of global development, what Friedman calls "Globalization 1.0," was characterized by how much industrial power countries could produce and apply.
True False
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