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True/False Questions 1. American companies want their managers to have a basic knowledge of international business. Answer: 2. A senior manager of a major multinational said that "no one will be in a general management job by the end of the decade who didn't have international exposure and experience." Answer: 3. CEOs of major American firms doing business overseas are not convinced the business graduates they hire should have some education in the international aspects of business. Answer: 4. One of every six U.S. jobs is tied to foreign investment made in the U.S. Answer: 5. Only those companies that have foreign operations need to be aware of what is occurring globally in its markets and their industry. Answer: 6. Firms with no foreign operations of any kind do not need managers with a global business perspective. Answer: 7. The United Nations uses the term transnational to describe a firm doing business in more than one country. Answer: 8. According to the text, foreign business is business whose activities are carried out across national borders.
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Answer: 50. Foreign business denotes A) a business whose activities involve crossing national borders. B) the domestic operations within a foreign country. C) an organization with multicountry affiliates. D) an organization that attempts to standardize operations worldwide. Answer: 51. A multidomestic company is A) a business whose activities involve crossing national borders. B) the domestic operations within a foreign country. C) an organization with multicountry affiliates. D) an organization that attempts to standardize operations
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