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ITB 305 MIDTERM EXAM LATEST STR
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?