D) an assessment of the cost of doing business in the foreign market. C) a visit to the consulate of the country being targeted. B) a thorough and complete commitment to foreign markets. For firms venturing into international marketing for the first time, the first requirement is: A) visas for all executives involved in the venture. leader with global revenues approximated at $285 billion annually? A) IBM B) ExxonMobil C) Ford Motor D) Wal-Mart Stores E) Hewlett-Packard Answer: D Page: 9, Exhibit 1.2 Difficulty: Moderate Type: Fact 35. Which of the following organizations is considered to be the U.S. firms do exceedingly well in the global arena. An organization (through investment and acquisition) from which of the following countries now controls all United Kingdom rail freight business and runs the queen's private train via its English, Welsh, & Scottish Railway unit? A) Germany B) Switzerland C) United States D) Canada E) Netherlands Answer: C Page: 7 Difficulty: Hard Type: Fact 34. Companies from _ lead in foreign investment in the United States: A) Kingdom of Saudi Arabia B) Russia C) China D) United Kingdom E) Canada Answer: D Page: 7 Difficulty: Hard Type: Factģ3. Answer: A Page: 6 Difficulty: Moderate Type: Fact 32. The government does not track foreign investment. A) trillion B) million C) billion D) thousand E) cannot be determined. At present, foreign investment in the United States is in excess of $2.6_. Foreign investment in the United States is growing yearly. Answer: C Page: 5 Difficulty: Moderate Type: Application 31. E) Increasing licensing fees in Spain and Portugal. D) Restrictions on advertising in Russia. C) Communication and technology networks in third-world countries. B) The drive toward a more ergonomic workplace. Which of the following factors would be most important to Simi Khan's computer technology business as he moves forward with his global expansion plans? A) Electricity usage around the world. Simi Khan wants to move his business into the international arena as quickly as possible however, to be successful he must consider a variety of factors that have global dimensions. Answer: C Page: 5 Difficulty: Hard Type: Fact 30. D) natural disasters create a greater global community. C) its business performance is affected by events that occur abroad. B) the Internet generates orders for all American businesses from abroad. Every American company is international, at least to the extent that: A) Federal law requires all corporations to outsource whenever it is cost-effective. Answer: D Page: 5 Difficulty: Hard Type: ComprehensionĢ9. E) the mandate to properly manage the resources and global environment for the generations to come. D) the trend toward decreasing oil company profits in the 21st century.
C) the burgeoning impact of the Internet and other global media on the dissolution of national borders.
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B) the rapid growth of the World Trade Organization and regional free trade areas such as NAFTA and the European Union. All of the following events and trends are among the four major trends described in the chapter as having a major impact or effect on global business EXCEPT: A) the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe.
Answer: B Page: 5 Difficulty: Moderate Type: Comprehension 28. E) None of the above is among the trends mentioned in the chapter. D) The trend toward establishing a world currency.
C) The trend toward using English as the global language. B) The trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe. Which of the following would be one of those events? A) The trend toward buying American cars in Europe. Of all the events and trends affecting global business today, four stand out as the most dynamic. Answer: C Page: 4 Difficulty: Easy Type: Comprehension 27. C) the steroids in major league sports scandal D) 2003 SARS outbreak in Asia. According to the text, all of the following events have impacted international business EXCEPT: A) the Indian Ocean tsunami in 2004 B) the high-tech bust of 2001.
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