MBA International Business Global Business Environment — practice questions
44 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice MBA International Business Global Business Environment in the app →The ability to spot international opportunities and threats and adjust to them is called:Selling goods made at home to buyers in another country is:The difference between the value of a country's exports and its imports is the:A country imports more than it exports. The result is a:A country exports more than it imports. The result is a:A summary of all of a country's international financial transactions is its:A country that can make and sell a product at a lower cost than anyone else has:The idea that each country should specialise where it is relatively most efficient is the principle of:A tax imposed on imported goods is a:A tariff set lower for some nations than for others is called:A limit on the quantity of a certain good that may be brought in is an:A total ban on imports or exports of a product is an:Shielding home industries from outside competition with artificial barriers is:Letting people and businesses buy and sell where they please without barriers is:Selling a product abroad at a lower price than at home is called:Lowering the value of a nation's currency against other currencies is:A system where currency prices move up and down with demand and supply uses:A firm lets another company use its manufacturing process for a fee. This is:A foreign firm makes private-label goods under contract for a domestic company. This is:A domestic firm buys part of a foreign firm and shares the risks. This is a:Active ownership of a foreign company or of plants abroad is:Part or all of the payment for goods is made in other goods rather than cash. This is:The Dutch social scientist whose model of cultural differences is widely used is:His original survey covered more than how many employees?Those employees came from how many countries?That original survey revealed how many major cultural dimensions?The degree to which a society accepts differences in power is called:The dimension contrasting the individual's ties to the group is:How comfortable people are with risk and unpredictable situations is measured by:Societies scoring high on that dimension tend to want:The dimension covering emphasis on advancement and earnings is:The second major cultural framework, from a large leadership research project, is called:How many cultural dimensions did the researchers behind that second framework uncover?Both frameworks group countries into:An employee sent to work in another country for their firm is an:Training given before an employee leaves for a foreign posting is called:Training given once the employee has arrived abroad is called:One stated goal of any cross-cultural training is to raise an employee's:A study of 114 expatriates found that both kinds of training had:The movement of people from their home country to other countries is called:Growing movement of people is said to make company workforces increasingly:Managers use these frameworks mainly to understand and prepare for:Cultural intelligence is described as the capability to function and manage effectively in settings that are:Taking cross-cultural classes in a programme is described as one basic way to acquire: