32) ____ is defined as a combination of innovative, proactive, and risk-seeking behavior that crosses national borders and is intended to create wealth in organizations.

International entrepreneurship

Microfinancing

International alliance partnering

Foreign direct investment

33) ____ is the method of sending out exports based on unsolicited inquiries.

A letter of credit

Direct exporting

SME exporting

Sporadic exporting

34) Which of the following is NOT one of the 5 strategies for entrepreneurial SMEs to internationalize without leaving their home country?

Harvest and exit through sell-offs

Export indirectly

Become suppliers for foreign firms

Outsource administrative work

35) "Born global" is a term referring to:

Entrepreneurial firms that attempt to internationalize from inception

The newest generation of entrepreneurs

Firms that focus on domestic issues first, then cautiously approach international opportunities.

Establishing large firms with major international networks

36) Which is NOT one of the three broad modes for entering foreign markets?

Microfinancing

Foreign direct investment

Licensing/franchising

Direct exports

37) Which choice don't fit well with the other four?

Anglo culture

Germanic culture

Nordic culture

low context culture

Latin American culture

38) Which of the following is not an economic system?

Command socialist

Mixed

Theocratic

Capitalist

39) In Hofstede's cultural dimensions, the degree to which people prefer structured situation to ambiguous ones:

uncertainty avoidance

masculinity

individualism

power distance

40) A major drawback for foreign direct investment (FDI) is:

physical closeness

control

commitment

cost