Professional Documents
Culture Documents
PRELIM EXAM
“Multiple Choices: Select the correct answer for each of the following questions. Mark only one
answer for each item (2 points each)”
1. Globalization refers to
a. A more integrated and interdependent world
b. Less foreign trade and investment
c. Global warming
d. Lower incomes worldwide
“Do not give up on a dream because it is not going in the direction you want, there are different routes to
the same destination. Thomas Edison, a brilliant inventor, said I have not failed. I have just found 10,000
things that do not work.”
7. Globalization is beneficial for firms because:
a. It protects them against foreign competition
b. It cushions them from the effects of events in other countries
c. It opens up new market opportunities
d. It increases the risk and uncertainty of operating in a globalizing world economy
9. What might Filipino food business (e.g Jollibee) encounter when launching operations in Africa or
the Middle East?
a. No language barriers
b. Customer tastes the same as those of their domestic customers
c. Corruption
d. Well-developed road and rail links
Definition of Terms
1. Give the meaning of the following: (2pts each)
A. International Business
B. Ethical dilemmas
C. Political System
D. Culture
E. Globalization
Essay: Answer the questions directly and write legibly and neatly as possible. Write your answer at
the back of page 1.
1. One danger that a company confronted when establishes business abroad for the
first time is being ill-informed. What should the company do to develop cross-cultural
literacy? (5pts)
2. Ethical issues and dilemmas in international business are rooted in the variations
among political systems, law, economic development, and culture from nation to
nation. To make sure ethical issues are considered in international business
decisions, what should the managers do? (5pts)
“Do not give up on a dream because it is not going in the direction you want, there are different routes to
the same destination. Thomas Edison, a brilliant inventor, said I have not failed. I have just found 10,000
things that do not work.”
“Do not give up on a dream because it is not going in the direction you want, there are different routes to
the same destination. Thomas Edison, a brilliant inventor, said I have not failed. I have just found 10,000
things that do not work.”