International Business The New Realities 4th Edition By Cavusgil – Test Bank

International Business: The New Realities, 4e (Cavusgil)

Chapter 1   Introduction: What Is International Business?

1) International business is defined as the performance of ________ activities by firms across national borders.

A) marketing and fiduciary

B) trade and investment

C) finance and operational

D) accounting and auditing

Answer:  B

Diff:  1: Easy

Skill:  Concept

Objective:  1-1: Learn the key concepts in international business

AACSB:  Analytical Thinking

2) International business is also known as which of the following?

A) born global business

B) laissez-faire business

C) cross-border business

D) multi-hub business

Answer:  C

Diff:  1: Easy

Skill:  Concept

Objective:  1-1: Learn the key concepts in international business

AACSB:  Analytical Thinking

3) Which of the following best characterizes the development of international business?

A) It has existed in some form for centuries.

B) It first started in Europe.

C) It developed after the year 2000.

D) Its development has slowed in recent years.

Answer:  A

Diff:  1: Easy

Skill:  Concept

Objective:  1-1: Learn the key concepts in international business

AACSB:  Analytical Thinking

4) A few decades ago, international business was largely the domain of ________.

A) service firms

B) multinational firms

C) smaller firms

D) all of the above

Answer:  B

Diff:  1: Easy

Skill:  Concept

Objective:  1-1: Learn the key concepts in international business

AACSB:  Analytical Thinking