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International business

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International business
International Business: The New Realities, 2e (Cavusgil/Knight/Riesenberger)
Chapter 1 Introduction: What Is International Business?

1) International business is primarily carried out by individual companies.
Answer: TRUE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.
Answer: FALSE
Diff: 2 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

3) International business today is predominantly the domain of large, multinational companies.
Answer: FALSE
Diff: 2 Page Ref: 13
Skill: Concept
Objective: 1-4
AACSB: Dynamics of the global economy

4) Exporting is an entry strategy involving the sale of products or services to customers located abroad.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

5) A country's economic assets are also known as factors of production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

6) The two primary types of international investment are portfolio investment and foreign direct investment.
Answer: TRUE
Diff: 1 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy
7) Over the last few decades, export activity by nations has grown more quickly than has domestic production.
Answer: TRUE
Diff: 2 Page Ref: 5
Skill: Concept
Objective: 1-2
AACSB: Dynamics of the global economy

8) In the past, international trade and investment activities were mainly conducted by companies that sold services.
Answer: FALSE
Diff: 1 Page Ref: 4
Skill: Concept
Objective: 1-1
AACSB: Dynamics of the global economy

9) Services are the fastest growing sector in international trade.
Answer: TRUE
Diff: 2 Page Ref: 8
Skill: Concept
Objective: 1-2
AACSB:
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