BUSI 3250 Auburn Exam 1 Questions and Answers
Real Exam
1. an international company (IC) is a company headquartered in another na- tion: false
2. As used in the text, the term environment means all the forces influencing the life and
development of the firm: true
3. lobbyists who advocate for new laws that will affect the production of a business are an
example if an internal force: false
4. those who work in the international environment find that decision making is more
complex than it is in a purely domestic environment: true
5. Britain was the world's leading manufacturing country for about 1,800 years, until it was
replaced by the United States in the 1800s: false
6. the advent of globalization has had minimal effect on labor standards around the world:
false
7. opponents of free trade point out that globalization has contributed to a decline in
environmental and health conditions: true
8. what is an example of an internal force that can affect a company's environ- ment: human
resources
9. Gabriel Industries is located near a port city which allows it to ship products easily overseas
to its international customers. The geographic location of the company is an example of a(n):
external force
10. which of the environments associated with a company refers to the uncon- trollable forces
originating outside the home country?: foreign