CHOICES

1. OPEN or CLOSE

2. continental europe and asia OR the US, England, Canada

3. true or false

5.

8. Domestic versus international firms When the distribution of a corporation's stock is described as it means that the firm's shares are owned by a large number of different individual and institutional investors. This pattern is frequently observed in corporations in International firms must effectively manage several additional phenomena and complexities that are not explicitly applicable to purely domestic companies. Based on your understanding of the differences between purely domestic businesses and international companies, evaluate whether the following statement is true or false: Cultural and language differences between the United States and the rest of the world are significant. Managers of international business organizations must constantly work to be aware of these differences and to manage them so as to create an organization that exhibits common and cohesive goals and synchronized methods of operation. The preceding statement is Which of the following are sound business reasons U.S. and foreign companies expand internationally? Check all that apply. The desire to gain access to new scientific and production technologies The desire to reduce the firm's costs of production The desire to create an organization that is easier to operate and manage than a business that operates solely within the borders of one country The desire for the company to sound more important and powerful than would be the case if the company only operated domestically