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INBUS 201-Supplemental Mid-Term Exam Fall 2017 NAME: Madn DATE: October 27.2017 Objective

INBUS 201-Supplemental Mid-Term Exam Fall 2017 NAME: Madn DATE: October 27.2017 Objective

INBUS 201-Supplemental Mid-Term Exam Fall 2017 NAME: Madn DATE: October 27.2017 Objective Questions (3 points each; 60 points total) l Business" is best defined as: a. The transfer of goods and/or services from a business in one sovereign country to a business or consumers in another sovereign country The cooperation between two sovereign countries on political, military and social issues of mutual importance to gain mutual advantage. Transactions involving an exchange of value between parties in more than one sovereign country. None of the above. b· c. d. 2. International Business, in recent years, is best characterized as: Declining in importance as the international trade in goods has plateaued or flattened. a. b. Increasing in importance as the international trade in goods has plateaued but the international trade in services has escalated. Increasing in importance as the international trade in both goods and services has escalated. c. d. Declining in importance as various trade barriers have been imposed internationally constraining trade. 3. According to Hofstede's "Five Dimensions Model", Western cultures are generally characterized by: A group orientation, a respect for power, an acceptance of uncertainty, a passive goal orientation and a longer-term perspective. An individual orientation, a tolerance for power, an avoidance of uncertainty, an aggressive goal orientation and a shorter-term perspective. A group orientation, a respect for power, an acceptance of uncertainty, an aggressive goal orientation, and a shorter-term perspective. An individual orientation, a tolerance for power, an avoidance of uncertainty, a passive goal orientation and a longer-term perspective. a. b. c. d. 4. A Corporation's International "Vision" communicates: a. "Who we want to be." b. "Who we are." c, “What our tactical goals and plans are." d. "What our control framework is. 5. A Corporation's International “Mission" communicates: a. "Who we want to be." b. "Who we are." c. "What our tactical goals and plans are." d. "What our control framework is."

Abhinav 04-Dec-2019

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