Which of the following is a method used by some manufacturers to avoid paying high tariffs?
A) assemble products in the target market
B) produce a large number of less expensive items in the target market
C) employ highly skilled workers in the export location regardless of the cost
D) ship products to fewer international locations
Question 2________ is seizure of corporate assets with compensation.
A) Confiscation
B) Expropriation
C) Embargo
D) Sanction
Question 3Which of the following, if true, would most strongly support the claim that national prosperity is increased by participation in international business?
A) Countries that participate in international trade have higher GDP per capita than non-participating countries.
B) Individuals in advanced economies tend to set purchasing trends for consumers worldwide.
C) For most countries, levels of international trade have increased significantly in recent decades.
D) National literacy levels are strongly correlated with a country's degree of political freedom.
Question 4The likelihood of a firm internalizing research and development instead of outsourcing it is low.
Indicate whether the statement is true or false
Question 5________ is the seizure of corporate assets without compensation.
A) Confiscation
B) Expropriation
C) Embargo
D) Sanction
Question 6The likelihood of a firm internalizing marketing and branding instead of outsourcing it is high.
Indicate whether the statement is true or false
Question 7All of the following are reasons to study international business EXCEPT ________.
A) international business contributes to economic prosperity
B) international trade is a critical engine for job creation
C) international trade and investment have experienced unprecedented decline
D) international business provides an opportunity to support sustainability and corporate citizenship
Question 8Which of the following entry strategies do most firms use in the absence of high tariffs?
A) FDI
B) licensing
C) joint ventures
D) exporting
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