BUSI 620 Chapter 1 Solution All Questions
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The Challenging World of
International Business
True / False Questions
1. American
companies want their managers to have a basic knowledge of international
business.
True False
True False
2. Only
those companies that have foreign operations need to be aware of what is
occurring globally in its markets and their industry.
True False
True False
3. Foreign
business is business whose activities are carried out across national borders.
True False
True False
4. An international company is an organization with
multicountry affiliates, each of which formulates its own business strategy
based on perceived market differences.
True False
True False
5. A
business whose activities are carried out across national borders is known as an international business.
True False
True False
6. Foreign
business refers to the operations of a company outside its home or domestic
market.
True False
True False
7. The term
international business is used to describe an organization with multicountry
affiliates, each of which formulates its own business
strategy based on perceived market differences.
True False
True False
8. A
multidomestic company is an organization that attempts to standardize and
integrate operations worldwide in all functional areas.
True False
True False
9. The term international company refers to both global and
multidomestic companies.
True False
True False
10. A global
company is an organization that attempts to standardize and integrate
operations worldwide in most or all functional areas.
True False
True False
11. According
to the definitions in the text, a multidomestic firm
is an organization that attempts to standardize operations worldwide in all
functional areas.
True False
True False
12. The
United Nations uses the term transnational to describe an enterprise doing
business in more than one country.
True False
True False
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