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WEEK1: SELF-ASSESSMENT ON MODULE 1A and 1B

Instruction:
A. Answer the following items and submit on or before June 22, 2020.
B. You can use this template in answering each item.
Part 1-Multiple Choice (indicate the letter of your choice)
1 6 11 16 21
2 7 12 17 22
3 8 13 18 23
4 9 14 19
5 10 15 20
Part2-Critical Thinking (add row or space as needed)
1

Part 3- Case Analysis( add space as needed)

Question1

Question 2

Question3

PART1-Multiple Choice
Direction: Choose the best answer.

1) International business is defined as the performance of _______ activities by firms across national borders.
a. Marketing and fiduciary
b. Trade and investment
c. Finance and operational
d. Manufacturing and sales

2) International business is also known as which of the following

a. Born global business
b. Laissez-faire business
c. Cross-border business
d. Multi-hub business

3) Globalization has helped increase all of the following, except_______

a. The variety of capital flows across national boarders
b. The economic isolation of developing countries
c. The rate at which products are diffused worldwide
d. The volume of cross-border transactions

4) Which of the following is another term for importing

a. Capital investment
b. Supply side development
c. Global sourcing
d. Unilateral procurement

5) Which of the following is subject to importing and exporting?

a. Both finished products and intermediate goods
b. Finished products but not intermediate goods
c. Intermediate goods but not raw materials
INTERNATIONAL BUSINESS
Summer Class 2020
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d. Raw materials and components, but not finished products

6) _________refer to the transfer of assets to another country or the acquisition of assets in the country.
a. International Investment
b. International Trade
c. Importing
d. Exporting

7) Which of the following would not be considered an example f foreign direct investment (FDI)
a. Cross-border purchase of a textile plant
b. Cross-border purchase of stocks
c. Purchase of capital assets of a foreign company
d. Purchase of foreign land for business operations

8) Each of the following has contributed the rapid integration of world economies, except
a. The growth of emerging market countries
b. The increase in trade barriers
c. Advances in information technology
d. The liberalization of markets

9) Which of the following is not a likely reason to study international business?

a. Global events affect almost all companies
b. Differences among countries in physical, social, and competitive conditions may cause companies to alter their operating
methods from country to country.
c. Business conducted outside the confines of any country is inexplicably on the decline.
d. Firms may be able to obtain better or less expensive resources by operating internationally.

10) Globalization of markets results in markets becoming

a. More independent
b. Less diverse
c. More protected
d. Less competitive

11) A business that has direct investments abroad in multiple countries

a. Home Country
b. Host Country
c. Multinational Company (MNC)
d. Domestic Corporation

12) The trend toward greater economic cultural, political, and technological, interdependence among national institutions and economies.
a. International Trade
b. International Business
c. Globalization
d. Free Trade

13) Are all goods and services sold abroad and sent out of a country
a. Exports
b. Imports
c. Trade
d. Franchise

14) An International organization that enforces the rules of international trade

a. General Agreement on Tariffs and Trades (GATT)
b. World Health Organization
c. World Trade Organization
d. The United nations

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15) These markets, around 2 billon people, are racing to catch up to developed nations. The population is migrating to cities for better pay and
is over loading cities’ infrastructures. Rising income is increasing global demand for resources and basic products.
a. Traditional markets
b. Developed Markets
c. Emerging Markets
d. None of the choices

16) These include the world’s established consumer markets around 1 billion people. The population is solidly middle class, and people can
consume almost any product desired. The infrastructure is highly developed.\
a. Traditional markets
b. Developed Markets
c. Emerging Markets
d. None of the choices

17) Globalization has bypassed these markets, nearly 4 billion people. The population is mostly rural, the infrastructure is very poor, an there is
a little credit or collateral. People have almost no legal protections, and corruption prevail
a. Traditional markets
b. Developed Markets
c. Emerging Markets
d. None of the choices

18) Goods and services purchased abroad and brought into a country.
a. Exports
b. Imports
c. Trade
d. Franchise

19) Globalization refers to all economic transactions among countries

a. True
b. False

20) It is difficult to compare globalization of business over time because of shifting national borders have changed the nature of transactions
from domestic to international and vice versa
a. True
b. False

21) Gaining some understanding of international business is important for any business student because global events and competition affect
almost all companies.
a. True
b. False

22) The recent expansion of technology has contributed to the growth in international business by creating new products that are important in
world trade
a. True
b. False

23) Import restrictions are becoming less important because consumers increasingly want to buy goods and services produced in their own
countries.
a. True
b. False

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Summer Class 2020
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PART 2- PRACTICE PROBLEMS

24) List down the Top 10 Multinational Companies/Enterprise in the world and describe each corporation as to the goods and services they are
selling and where they export these products?
25) How does the management of an international business differ from that of a domestic one? Give at least 2 examples of international
business and domestic business, compare each company and provide the pros and cons.
26) How do multinational corporations (MNCs) get involved in international business? How do they differ from small businesses?

PART 3: CASE ANALYSIS

CASE ANALYSIS 1: (500 words)

Read this article by Associated Press, and answer the question below in a 500-word paper.
Instruction: Write your answer using Word, Font style-Times new roman, font size-12, If you have reference; cite your reference(s) to avoid
plagiarism.
Question: China’s growing role in international business has a great contribution to the world economy. Being the third’s largest and fast-growing
export market. In our current situation, if China and the United States continue its feud, what do you think will happen to the global economy if China
stops its export to other countries, especially to the United States?
Link: https://www.marketwatch.com/story/china-will-honor-trade-deal-wants-better-us-ties-top-adviser-says-2020-06-11,
China will honour trade deal, wants better U.S. ties, top adviser says

Former finance minister Zhu Guangyao says U.S. and China must find ways to work together
BEIJING — Beijing will honor its trade deal with the U.S. and wants to see better ties with Washington, senior Chinese officials said Thursday.
Zhu Guangyao, a former finance minister and Cabinet adviser, said the two countries should “waste no time” in improving relations to help better
coordinate a response to the corona virus pandemic.
He and other officials told reporters in Beijing that the two biggest economies are so closely entwined that they must find a way to work together
because a lack of cooperation has come at a “high price.”
“The close connection between the Chinese and U.S. economies is the result of four decades of hard work on both sides, and that is also the
reflection of the wishes of consumers in China and the United States,” Zhu said.
“Such interdependence will not disappear simply because some people clamour for ‘decoupling.’”
Zhu said relations with the U.S. were “far from satisfactory” with communications at a “standstill.”
“We hope through communications we can enhance our cooperation and mutual trust,” he said.
Tensions have flared over Beijing’s handling of the new corona virus that first surfaced in central China late last year and over the recent passage of
legislation requiring the semi-autonomous territory of Hong Kong to implement a national security law.
The law has added to worries that the former British colony is losing the special status Beijing promised it when it took control in 1997.
President Donald Trump’s administration reacted to the move by announcing that Hong Kong is no longer autonomous and will be stripped of its
preferential trade and commercial status.
The officials insisted China is following through on promises to by buy more U.S. products and other commitments.
Progress on an interim trade agreement that has helped smooth friction over trade and technology remains unclear, partly because of disruptions
brought on by lockdowns to contain the pandemic.
“Objectively speaking, the epidemic has had an impact on the implementation of this agreement, but in this kind of situation, China emphasizes that
we should work hard together to ensure the implementation of the Phase 1 agreement,” Zhu said.
The officials said Beijing was well equipped to overcome the economic ills worsened by the pandemic, with ample room for both monetary and fiscal
policies.
Like the U.S., China has a huge domestic market that is still relatively undeveloped, with massive untapped demand, said Tang Min, an economist
and State Council adviser.
Although data for May were dismal, they reflected orders cancelled at the height of the pandemic in many countries. And many Chinese consumers
have been piling up savings while they stayed home during and after quarantine lockdowns.
“In June or July we’ll see an improvement, in particular the recovery of the domestic market in the latter half of the year, and the Chinese economy
will have a very strong rebound,” Tang said.

INTERNATIONAL BUSINESS
Summer Class 2020