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315 Cards in this Set

  • Front
  • Back
1) The broadening set of interdependent relationships among people from different parts of the world is known as ________.
1
2) The term globalization is sometimes used to mean the ________.
1
3) Which of the following best defines international business?
1
4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business?
1
5) Which of the following is NOT a reason to study international business?
1
6) Of the following, it is most essential for a student of business to ________.
1
7) In terms of international business, it is most accurate to say that ________.
1
8) Even if you never have direct international responsibilities, an understanding of some of the complexities of international business may be useful to you because ________.
1
9) The shifting of national borders has created which of the following situations for international business?
1
10) Which of the following is an indication of the increased globalization of business since the end of World War II?
1
11) Most of the world's goods and services are sold ________.
1
12) According to the A.T. Kearny/Foreign Policy Globalization Index, which ranked countries on their extent of globalization across economic, technological, personal contact, and political dimensions, countries ________.
1
13) Which of the following has NOT been a major force increasing globalization in recent decades?
1
14) Institutional development of services by business and government has aided the expansion of international business by ________.
1
15) Which of the following has caused consumers to demand access to foreign-made products?
1
16) Which of the following is a reason that international business has grown at such a rapid pace in the past few decades?
1
17) The recent expansion of technology has contributed to growth in international business through ________.
1
18) Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same American markets. This is due primarily to ________.
1
19) All the following statements are true about the increase and expansion of technology EXCEPT which one?
1
20) Because of economic growth, a larger portion of the population can shift from ________ to ________.
1
21) Because their citizens want a greater variety of goods and services at lower prices, many governments have ________.
1
22) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
23) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
24) A company starting out with a global focus, usually because of the international experience of its founders, is called a ________.
1
25) In a strategy known as ________, many new companies locate themselves near competitors and suppliers.
1
26) Companies often expand their business internationally in response to ________.
1
27) When a company successfully responds to foreign production and market opportunities, ________.
1
28) According to your text, which of the following is NOT one of the three main reasons governments cooperate with each other?
1
29) Governments have signed treaties to protect foreign-owned property rights, such as investments and patents. A primary reason for doing so is to ________.
1
30) Which of the following is NOT a source of disagreement about the use of noncoastal areas of the oceans, outer space, and Antarctica?
1
31) Which of the following is a reason that governments cooperate through treaties, agreements, and consultation?
1
32) Small countries worry about overdependence caused by globalization. Their concerns include all of the following EXCEPT which of the following?
1
33) Although critics complain that globalization causes the consumption of too many nonrenewable resources while despoiling the environment, those in favor of globalization counter that ________.
1
34) Curtailment of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole. However, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil. This example best illustrates which of the following?
1
35) Although globalization may bring economic growth, critics nevertheless contend that ________.
1
36) The process of shifting production from a domestic to a foreign location is known as ________.
1
37) Proponents of offshoring claim all EXCEPT which of the following?
1
38) A major criticism of offshoring is that it ________.
1
39) Critics of offshoring claim all EXCEPT which of the following?
1
40) Which of the following conditions must be met for a company to increase profits through foreign sales?
1
41) The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.
1
42) A motive for a company to conduct international business is to acquire resources abroad. Which of the following is NOT an example of a resource acquisition motive?
1
43) By operating internationally, a company may reduce its risks because it can ________.
1
44) An example of a U.S. merchandise import is an automobile made in ________ and sold ________.
1
45) Visible exports and imports are ________.
1
46) An example of a Japanese service export is a visit by a ________.
1
47) Royalties from the use of assets abroad, such as trademarks or patents, are an example of ________.
1
48) A foreign direct investment occurs ________.
1
49) Foreign direct investment ________.
1
50) When two or more organizations share ownership of a foreign direct investment, the operation is called a ________.
1
51) Which of the following is an example of an international portfolio investment?
1
52) A multinational enterprise (MNE) is one that is ________.
1
53) According to the definition used in your text, a company with operations in more than one country is a(n) ________.
1
54) The term sometimes used by the United Nations as a synonym for multinational enterprise is ________.
1
55) Which of the following must be true about a company in order for it to be considered a multinational enterprise?
1
56) Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.
1
57) Managers who are knowledgeable about ________ are better able to identify the location, quantity, quality, and availability of the world's natural resources.
1
58) Although U.S. films depend heavily on revenue in foreign countries, revenue from international markets is usually low for a sports-themed film. This is due to ________ factors.
1
59) In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand which of the following legal factors?
1
60) Some key ________ factors in the external environment of an international business are product strategy and resource base and experience.
1
61) The same automobile company produces Fiats and Ferraris. The company built an engine plant in China with low production costs for Fiats, but not Ferraris. The probable reason is that ________.
1
62) Which of the following statements is true concerning the international business competitive environment?
1
63) When companies face the same competitors in almost all countries where they operate, ________.
1
64) The view that globalization is inevitable is based on the belief that ________.
1
65) Critics of the view that regionalization will prevail over globalization base their argument on the belief that ________.
1
66) Which of the following is NOT cited in your text as support for the belief that the pace of globalization will slow or reverse?
1
67) Some observers feel that international institutions and the people working in them cannot adequately handle the complexities of an interconnected world. Based on this, these observers believe that ________.
1
68) In Chapter One's opening case on the globalization of sports, the owner of a U.S. football team and the owner of a Canadian hockey team bought a British soccer team. This is an example of ________.
1
69) In Chapter One's opening case on the globalization of sports, we saw that many teams have foreign players. These players have moved abroad primarily because of ________ factors.
1
70) In Chapter One's closing case on Carnival Cruise Lines, we saw that cruise lines pay little or no taxes because ________.
1
71) A flag of convenience is ________.
1
72) Globalization refers to all economic transactions among countries.
1
73) International business includes all commercial transactions between two or more countries.
1
74) Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.
1
75) The best way of conducting business domestically is also typically the best way to conduct business internationally.
1
76) It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.
1
77) Most countries' imports account for more than half of their citizens' consumption.
1
78) The lowering of tax rates around the world is one of the seven major forces behind recent globalization.
1
79) Globalization of business has been stimulated by institutional developments that aid foreign trade and investment.
1
80) The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.
1
81) Improvements in transportation and communications enable managers to better oversee foreign operations.
1
82) Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.
1
83) Countries have reduced import trade barriers in the expectation that other countries will do the same.
1
84) Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders.
1
85) It is rare for a new company to locate its operations near competitors and suppliers.
1
86) Governments sometimes cooperate to deal with areas of concern that lie outside the territory of any one country.
1
87) Governments cooperate through treaties to create a global division of labor.
1
88) People favoring globalization claim that the process helps countries strengthen their sovereignty.
1
89) A criticism of globalization is that as economic growth increases, too many nonrenewable resources are used.
1
90) The process of shifting production to a foreign country is known as outsourcing.
1
91) A major argument against offshoring is that cost savings are not passed on to consumers.
1
92) Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play. This is an example of engaging in international business to acquire resources.
1
93) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.
1
94) The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import.
1
95) When a U.S. citizen flies Japan Airlines, it is a service export for Japan.
1
96) A joint venture is an example of a portfolio investment.
1
97) The ownership of foreign bonds is an example of a portfolio investment.
1
98) A multinational enterprise is a company that takes a global approach to markets and production.
1
99) The terms multinational corporation and multinational company are frequently used synonyms for strategic alliances.
1
100) Geographical barriers often affect distribution channels within countries, but they rarely affect communication.
1
101) Managers need to understand not only the laws of countries where they operate, but also how those laws are enforced.
1
102) A company with limited resources is more likely to achieve national distribution within a small country than within a large country.
1
103) The fact that a company is the market leader in one country is no guarantee that it will be the leader in another country.
1
104) The view that globalization is inevitable is primarily based on the belief that international organizations will replace nation states.
1
105) The view that regionalization, rather than globalization, will prevail in the future is largely based on the use of common languages among countries in a region.
1
1) The broadening set of interdependent relationships among people from different parts of the world is known as ________.
1
2) The term globalization is sometimes used to mean the ________.
1
3) Which of the following best defines international business?
1
4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business?
1
5) Which of the following is NOT a reason to study international business?
1
6) Of the following, it is most essential for a student of business to ________.
1
7) In terms of international business, it is most accurate to say that ________.
1
8) Even if you never have direct international responsibilities, an understanding of some of the complexities of international business may be useful to you because ________.
1
9) The shifting of national borders has created which of the following situations for international business?
1
10) Which of the following is an indication of the increased globalization of business since the end of World War II?
1
11) Most of the world's goods and services are sold ________.
1
12) According to the A.T. Kearny/Foreign Policy Globalization Index, which ranked countries on their extent of globalization across economic, technological, personal contact, and political dimensions, countries ________.
1
13) Which of the following has NOT been a major force increasing globalization in recent decades?
1
14) Institutional development of services by business and government has aided the expansion of international business by ________.
1
15) Which of the following has caused consumers to demand access to foreign-made products?
1
16) Which of the following is a reason that international business has grown at such a rapid pace in the past few decades?
1
17) The recent expansion of technology has contributed to growth in international business through ________.
1
18) Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same American markets. This is due primarily to ________.
1
19) All the following statements are true about the increase and expansion of technology EXCEPT which one?
1
20) Because of economic growth, a larger portion of the population can shift from ________ to ________.
1
21) Because their citizens want a greater variety of goods and services at lower prices, many governments have ________.
1
22) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
23) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
24) A company starting out with a global focus, usually because of the international experience of its founders, is called a ________.
1
25) In a strategy known as ________, many new companies locate themselves near competitors and suppliers.
1
26) Companies often expand their business internationally in response to ________.
1
27) When a company successfully responds to foreign production and market opportunities, ________.
1
28) According to your text, which of the following is NOT one of the three main reasons governments cooperate with each other?
1
29) Governments have signed treaties to protect foreign-owned property rights, such as investments and patents. A primary reason for doing so is to ________.
1
30) Which of the following is NOT a source of disagreement about the use of noncoastal areas of the oceans, outer space, and Antarctica?
1
31) Which of the following is a reason that governments cooperate through treaties, agreements, and consultation?
1
32) Small countries worry about overdependence caused by globalization. Their concerns include all of the following EXCEPT which of the following?
1
33) Although critics complain that globalization causes the consumption of too many nonrenewable resources while despoiling the environment, those in favor of globalization counter that ________.
1
34) Curtailment of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole. However, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil. This example best illustrates which of the following?
1
35) Although globalization may bring economic growth, critics nevertheless contend that ________.
1
36) The process of shifting production from a domestic to a foreign location is known as ________.
1
37) Proponents of offshoring claim all EXCEPT which of the following?
1
38) A major criticism of offshoring is that it ________.
1
39) Critics of offshoring claim all EXCEPT which of the following?
1
40) Which of the following conditions must be met for a company to increase profits through foreign sales?
1
41) The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.
1
42) A motive for a company to conduct international business is to acquire resources abroad. Which of the following is NOT an example of a resource acquisition motive?
1
43) By operating internationally, a company may reduce its risks because it can ________.
1
44) An example of a U.S. merchandise import is an automobile made in ________ and sold ________.
1
45) Visible exports and imports are ________.
1
46) An example of a Japanese service export is a visit by a ________.
1
47) Royalties from the use of assets abroad, such as trademarks or patents, are an example of ________.
1
48) A foreign direct investment occurs ________.
1
49) Foreign direct investment ________.
1
50) When two or more organizations share ownership of a foreign direct investment, the operation is called a ________.
1
51) Which of the following is an example of an international portfolio investment?
1
52) A multinational enterprise (MNE) is one that is ________.
1
53) According to the definition used in your text, a company with operations in more than one country is a(n) ________.
1
54) The term sometimes used by the United Nations as a synonym for multinational enterprise is ________.
1
55) Which of the following must be true about a company in order for it to be considered a multinational enterprise?
1
56) Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.
1
57) Managers who are knowledgeable about ________ are better able to identify the location, quantity, quality, and availability of the world's natural resources.
1
58) Although U.S. films depend heavily on revenue in foreign countries, revenue from international markets is usually low for a sports-themed film. This is due to ________ factors.
1
59) In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand which of the following legal factors?
1
60) Some key ________ factors in the external environment of an international business are product strategy and resource base and experience.
1
61) The same automobile company produces Fiats and Ferraris. The company built an engine plant in China with low production costs for Fiats, but not Ferraris. The probable reason is that ________.
1
62) Which of the following statements is true concerning the international business competitive environment?
1
63) When companies face the same competitors in almost all countries where they operate, ________.
1
64) The view that globalization is inevitable is based on the belief that ________.
1
65) Critics of the view that regionalization will prevail over globalization base their argument on the belief that ________.
1
66) Which of the following is NOT cited in your text as support for the belief that the pace of globalization will slow or reverse?
1
67) Some observers feel that international institutions and the people working in them cannot adequately handle the complexities of an interconnected world. Based on this, these observers believe that ________.
1
68) In Chapter One's opening case on the globalization of sports, the owner of a U.S. football team and the owner of a Canadian hockey team bought a British soccer team. This is an example of ________.
1
69) In Chapter One's opening case on the globalization of sports, we saw that many teams have foreign players. These players have moved abroad primarily because of ________ factors.
1
70) In Chapter One's closing case on Carnival Cruise Lines, we saw that cruise lines pay little or no taxes because ________.
1
71) A flag of convenience is ________.
1
72) Globalization refers to all economic transactions among countries.
1
73) International business includes all commercial transactions between two or more countries.
1
74) Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.
1
75) The best way of conducting business domestically is also typically the best way to conduct business internationally.
1
76) It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.
1
77) Most countries' imports account for more than half of their citizens' consumption.
1
78) The lowering of tax rates around the world is one of the seven major forces behind recent globalization.
1
79) Globalization of business has been stimulated by institutional developments that aid foreign trade and investment.
1
80) The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.
1
81) Improvements in transportation and communications enable managers to better oversee foreign operations.
1
82) Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.
1
83) Countries have reduced import trade barriers in the expectation that other countries will do the same.
1
84) Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders.
1
85) It is rare for a new company to locate its operations near competitors and suppliers.
1
86) Governments sometimes cooperate to deal with areas of concern that lie outside the territory of any one country.
1
87) Governments cooperate through treaties to create a global division of labor.
1
88) People favoring globalization claim that the process helps countries strengthen their sovereignty.
1
89) A criticism of globalization is that as economic growth increases, too many nonrenewable resources are used.
1
90) The process of shifting production to a foreign country is known as outsourcing.
1
91) A major argument against offshoring is that cost savings are not passed on to consumers.
1
92) Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play. This is an example of engaging in international business to acquire resources.
1
93) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.
1
94) The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import.
1
95) When a U.S. citizen flies Japan Airlines, it is a service export for Japan.
1
96) A joint venture is an example of a portfolio investment.
1
97) The ownership of foreign bonds is an example of a portfolio investment.
1
98) A multinational enterprise is a company that takes a global approach to markets and production.
1
99) The terms multinational corporation and multinational company are frequently used synonyms for strategic alliances.
1
100) Geographical barriers often affect distribution channels within countries, but they rarely affect communication.
1
101) Managers need to understand not only the laws of countries where they operate, but also how those laws are enforced.
1
102) A company with limited resources is more likely to achieve national distribution within a small country than within a large country.
1
103) The fact that a company is the market leader in one country is no guarantee that it will be the leader in another country.
1
104) The view that globalization is inevitable is primarily based on the belief that international organizations will replace nation states.
1
105) The view that regionalization, rather than globalization, will prevail in the future is largely based on the use of common languages among countries in a region.
1
1) The broadening set of interdependent relationships among people from different parts of the world is known as ________.
1
2) The term globalization is sometimes used to mean the ________.
1
3) Which of the following best defines international business?
1
4) Which of the following is the most accurate comparison of how private businesses and governments conduct international business?
1
5) Which of the following is NOT a reason to study international business?
1
6) Of the following, it is most essential for a student of business to ________.
1
7) In terms of international business, it is most accurate to say that ________.
1
8) Even if you never have direct international responsibilities, an understanding of some of the complexities of international business may be useful to you because ________.
1
9) The shifting of national borders has created which of the following situations for international business?
1
10) Which of the following is an indication of the increased globalization of business since the end of World War II?
1
11) Most of the world's goods and services are sold ________.
1
12) According to the A.T. Kearny/Foreign Policy Globalization Index, which ranked countries on their extent of globalization across economic, technological, personal contact, and political dimensions, countries ________.
1
13) Which of the following has NOT been a major force increasing globalization in recent decades?
1
14) Institutional development of services by business and government has aided the expansion of international business by ________.
1
15) Which of the following has caused consumers to demand access to foreign-made products?
1
16) Which of the following is a reason that international business has grown at such a rapid pace in the past few decades?
1
17) The recent expansion of technology has contributed to growth in international business through ________.
1
18) Flower producers from Ecuador, Israel, and New Zealand all compete for sales in the same American markets. This is due primarily to ________.
1
19) All the following statements are true about the increase and expansion of technology EXCEPT which one?
1
20) Because of economic growth, a larger portion of the population can shift from ________ to ________.
1
21) Because their citizens want a greater variety of goods and services at lower prices, many governments have ________.
1
22) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
23) Which of the following is a reason for recent governmental relaxation in restrictions on cross-border trade or resource movements?
1
24) A company starting out with a global focus, usually because of the international experience of its founders, is called a ________.
1
25) In a strategy known as ________, many new companies locate themselves near competitors and suppliers.
1
26) Companies often expand their business internationally in response to ________.
1
27) When a company successfully responds to foreign production and market opportunities, ________.
1
28) According to your text, which of the following is NOT one of the three main reasons governments cooperate with each other?
1
29) Governments have signed treaties to protect foreign-owned property rights, such as investments and patents. A primary reason for doing so is to ________.
1
30) Which of the following is NOT a source of disagreement about the use of noncoastal areas of the oceans, outer space, and Antarctica?
1
31) Which of the following is a reason that governments cooperate through treaties, agreements, and consultation?
1
32) Small countries worry about overdependence caused by globalization. Their concerns include all of the following EXCEPT which of the following?
1
33) Although critics complain that globalization causes the consumption of too many nonrenewable resources while despoiling the environment, those in favor of globalization counter that ________.
1
34) Curtailment of logging in the Amazon region is generally viewed as environmentally beneficial for the planet as a whole. However, unemployed Brazilian workers have felt that job creation inside Brazil is more important than climate protection outside Brazil. This example best illustrates which of the following?
1
35) Although globalization may bring economic growth, critics nevertheless contend that ________.
1
36) The process of shifting production from a domestic to a foreign location is known as ________.
1
37) Proponents of offshoring claim all EXCEPT which of the following?
1
38) A major criticism of offshoring is that it ________.
1
39) Critics of offshoring claim all EXCEPT which of the following?
1
40) Which of the following conditions must be met for a company to increase profits through foreign sales?
1
41) The televising of sports competitions to viewers in multiple countries is an example of international business conducted to achieve the objective of ________.
1
42) A motive for a company to conduct international business is to acquire resources abroad. Which of the following is NOT an example of a resource acquisition motive?
1
43) By operating internationally, a company may reduce its risks because it can ________.
1
44) An example of a U.S. merchandise import is an automobile made in ________ and sold ________.
1
45) Visible exports and imports are ________.
1
46) An example of a Japanese service export is a visit by a ________.
1
47) Royalties from the use of assets abroad, such as trademarks or patents, are an example of ________.
1
48) A foreign direct investment occurs ________.
1
49) Foreign direct investment ________.
1
50) When two or more organizations share ownership of a foreign direct investment, the operation is called a ________.
1
51) Which of the following is an example of an international portfolio investment?
1
52) A multinational enterprise (MNE) is one that is ________.
1
53) According to the definition used in your text, a company with operations in more than one country is a(n) ________.
1
54) The term sometimes used by the United Nations as a synonym for multinational enterprise is ________.
1
55) Which of the following must be true about a company in order for it to be considered a multinational enterprise?
1
56) Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.
1
57) Managers who are knowledgeable about ________ are better able to identify the location, quantity, quality, and availability of the world's natural resources.
1
58) Although U.S. films depend heavily on revenue in foreign countries, revenue from international markets is usually low for a sports-themed film. This is due to ________ factors.
1
59) In addition to understanding the laws affecting business in countries where their companies operate, it is most important for managers to understand which of the following legal factors?
1
60) Some key ________ factors in the external environment of an international business are product strategy and resource base and experience.
1
61) The same automobile company produces Fiats and Ferraris. The company built an engine plant in China with low production costs for Fiats, but not Ferraris. The probable reason is that ________.
1
62) Which of the following statements is true concerning the international business competitive environment?
1
63) When companies face the same competitors in almost all countries where they operate, ________.
1
64) The view that globalization is inevitable is based on the belief that ________.
1
65) Critics of the view that regionalization will prevail over globalization base their argument on the belief that ________.
1
66) Which of the following is NOT cited in your text as support for the belief that the pace of globalization will slow or reverse?
1
67) Some observers feel that international institutions and the people working in them cannot adequately handle the complexities of an interconnected world. Based on this, these observers believe that ________.
1
68) In Chapter One's opening case on the globalization of sports, the owner of a U.S. football team and the owner of a Canadian hockey team bought a British soccer team. This is an example of ________.
1
69) In Chapter One's opening case on the globalization of sports, we saw that many teams have foreign players. These players have moved abroad primarily because of ________ factors.
1
70) In Chapter One's closing case on Carnival Cruise Lines, we saw that cruise lines pay little or no taxes because ________.
1
71) A flag of convenience is ________.
1
72) Globalization refers to all economic transactions among countries.
1
73) International business includes all commercial transactions between two or more countries.
1
74) Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.
1
75) The best way of conducting business domestically is also typically the best way to conduct business internationally.
1
76) It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.
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77) Most countries' imports account for more than half of their citizens' consumption.
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78) The lowering of tax rates around the world is one of the seven major forces behind recent globalization.
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79) Globalization of business has been stimulated by institutional developments that aid foreign trade and investment.
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80) The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.
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81) Improvements in transportation and communications enable managers to better oversee foreign operations.
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82) Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own countries.
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83) Countries have reduced import trade barriers in the expectation that other countries will do the same.
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84) Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders.
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85) It is rare for a new company to locate its operations near competitors and suppliers.
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86) Governments sometimes cooperate to deal with areas of concern that lie outside the territory of any one country.
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87) Governments cooperate through treaties to create a global division of labor.
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88) People favoring globalization claim that the process helps countries strengthen their sovereignty.
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89) A criticism of globalization is that as economic growth increases, too many nonrenewable resources are used.
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90) The process of shifting production to a foreign country is known as outsourcing.
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91) A major argument against offshoring is that cost savings are not passed on to consumers.
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92) Many professional basketball teams recruit tall youngsters in foreign countries into basketball camps where they can develop basketball skills and perhaps become candidates for professional play. This is an example of engaging in international business to acquire resources.
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93) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks.
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94) The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import.
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95) When a U.S. citizen flies Japan Airlines, it is a service export for Japan.
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96) A joint venture is an example of a portfolio investment.
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97) The ownership of foreign bonds is an example of a portfolio investment.
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98) A multinational enterprise is a company that takes a global approach to markets and production.
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99) The terms multinational corporation and multinational company are frequently used synonyms for strategic alliances.
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100) Geographical barriers often affect distribution channels within countries, but they rarely affect communication.
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101) Managers need to understand not only the laws of countries where they operate, but also how those laws are enforced.
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102) A company with limited resources is more likely to achieve national distribution within a small country than within a large country.
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103) The fact that a company is the market leader in one country is no guarantee that it will be the leader in another country.
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104) The view that globalization is inevitable is primarily based on the belief that international organizations will replace nation states.
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105) The view that regionalization, rather than globalization, will prevail in the future is largely based on the use of common languages among countries in a region.
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