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Test Bank for International Business: The New Realities, 5th Edition

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1International Business: The New Realities, 5e(Cavusgil)Chapter 1Introduction: What Is International Business?1) International business is defined as the performance of ________ activities by firms acrossnational borders.A) marketing and fiduciaryB) trade and investmentC) finance and operationalD) accounting and auditingAnswer: BDiff: 1: EasySkill: ConceptObjective:1-1: Describe thekey concepts in international businessAACSB: Application of Knowledge2) International business is alsoknown as which of the following?A) born global businessB) laissez-faire businessC) cross-border businessD) multi-hub businessAnswer: CDiff: 1: EasySkill: ConceptObjective:1-1: Describe thekey concepts in international businessAACSB: Application of Knowledge3) 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: ADiff: 1: EasySkill: ConceptObjective:1-1: Describe thekey concepts in international businessAACSB: Application of Knowledge4) A few decades ago, international business was largely the domain of ________.A) service firmsB) multinational firmsC) smaller firmsD) all of the theseAnswer: BDiff: 1: EasySkill: ConceptObjective:1-1: Describe thekey concepts in international businessAACSB: Application of Knowledge

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International Business: The New Rea...

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