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Objective Questions (4 points each; 60 points total 1. International Business" is best defined as: Sending company representatives to non-domestic locations to increase their a. b. Thes between two countries on political, military and social mutual advantage issues to gain Transactions involving an exchange of value between parties in more than one country d. None of the above. 2. International Business, in recent years, is best characterized as: a. Declining in importance as counties have become more insulated and protective of their own barriers to protect their respective interdependen Declining in importance as countries worldwide have decreased their b. Becoming more as countries worldwide have increased trade as countries worldwide have become more for raw material sources, production efficiencies and new d. A business interested in entering the market in another country but that wishes to minimize its investment and maximize protection of its intellectual property should consider which of the following modes of entry: 3. a. An export A joint venture with a local company. The acquisition of a local company d "Greenfielding" Which of the following modes of entry provides the greatest control, the greatest otential reward but the maximum financial risk to a business interested in entering 4. market in a country where it has not previously had a presence: a. An export arrangement into the market. b. A joint venture with a company in the market. C The acquisition of a company in the market. d. A franchise arrangement with individuals and/or an organization in the market